Pacific City Bank Has Competitive Rate 15-Month CD, Limited Time Offer


Availability: Los Angeles metropolitan area

Now through June 13, 2015, Pacific City Bank is offering a 15-month CD (1.25% APY). The minimum opening deposit is $30K of new money and there is a maximum balance cap of $1M.

The 15-month limited-time CD is not listed on Pacific City Bank’s website, but an advertisement appeared in the Sunday edition of the Los Angeles Times.

The fine print of the advertisement states that "Interest will not be compounded and it will be paid at maturity." It also states, "An early withdrawal penalty equal to 3-month’s interest on the amount withdrawn will be imposed." Complete terms and conditions are available in the Deposit Account Agreement and Truth in Savings Disclosure documents, but, unfortunately, neither is accessible on Pacific City Bank’s website.

60-Month PLUS Installment Savings

Sunday’s Los Angeles Times also advertises a 60-month PLUS Installment Savings, which earns 2.53% APY. This account requires automatic transfers from another Pacific City Bank account to receive the stated APY. The minimum deposit is $1K, with a maximum contract value of $100K. (The contract value is the total value of the account at maturity.) Complete details on the 60-month PLUS Installment Savings account can be found on Pacific City Bank’s website.

Thanks to the DA reader who emailed me about the Los Angeles Times’ advertisements, and to DA member, me1004, for a Forum posting on the 15-month CD.


Headquartered in Los Angeles, Pacific City Bank’s market area covers the Los Angeles metropolitan area. The 15-month CD and 60-month PLUS Installment Savings account are available throughout the market area.

Opening an account requires a visit to any of nine branches located in Artesia, Buena Park (2), Irvine, Los Angeles (3), Rowland Heights, and Torrance. At this time, Pacific City Bank’s online capabilities are limited to account management and bill payment services.

Bank Overview

Pacific City Bank has an overall health rating of "A" at, with a Texas Ratio of 6.79% (excellent) as of December 31, 2014. In the past year, Pacific City Bank has increased its total deposits by $130.94 Million, an excellent annual growth rate of 19.42%. Please refer to our financial overview of Pacific City Bank for more details.

Established in 2003, Pacific City Bank (FDIC Certificate # 57463) grew in ten years from one branch in downtown Los Angeles to nine full-service branches located through the greater Los Angeles metropolitan area. With assets in excess of $893 Million, Pacific City Bank’s customer base includes individuals and small-to-medium sized businesses.

How the CD Compares

When compared to other similar length of term CDs tracked by and available to California residents, Pacific City Bank’s 15-month CD is competitive, regardless of minimum deposit.

The above rates are accurate as of 5/11/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Top Installment Savings Account Rates at Pacific City Bank in Los Angeles - Local Only

It has been a while since my last review of an installment savings account. As I was looking for good CD rates, I came across Pacific City Bank. I had posted on its installment savings account in 2009, and I noticed it's still listing some competitive rates for its Plus Installment Savings.

For those not familiar with installment savings account, instead of making one initial deposit like for a CD, you agree to monthly deposits. At maturity, the balance equals the sum of all the deposits plus the accrued interest....

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Installment Savings Account with Rates of up to 5.39% at Pacific City Bank - Los Angeles Area Only
Here's another installment savings account. Pacific City Bank's version of this is called the Plus Installment Savings. Instead of making one initial deposit, you agree to monthly deposits. At maturity, the balance equals the sum of all the deposits plus the accrued interest. When you open the account, you specify the maturity balance (the contract amount). The Plus Installment Savings account rates listed at the bank's website as of 3/24/09 include:
  • 3.30% APY 12 and 18 months
  • 3.82% APY 24 months
  • 4.34% APY 30 months
  • 4.86% APY 48 months
  • 5.23% APY 60 months
  • 5.39% APY 72...

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