2.50% 6-Month CD & 2.65% 9-Month CD at Plaza Bank in California


Plaza Bank is offering three competitive CD rates: 2.50% APY for 6 months, 2.65% APY for 9 months and 2.75% APY for 12 months. Minimum deposit is $25,000, and new money is required. These rates are listed on the bank's home page as of 4/24/09. According to the small print, these rates are scheduled to last through 5/31/09.

It appears a branch visit is required. It's a small bank with an office located in Irvine, California.

The bank's ratings for safety and soundness are weak: 1 star (troubled) at BauerFinancial and 1 star (lowest) at Bankrate. Both ratings are based on 12/31/08 financial data. It's a fairly new bank that was established in 2005. It's a member FDIC (FDIC Certificate # 58100).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.
Related Pages: CD rates

4.75% 60-Month CD at a Chicago Bank (Plaza).
Update 2/09/08: The CD rates have fallen. Please check the bank's website for the latest rates.

Plaza Bank has some competitive CD rates on its longer terms. The highest is a 4.75% APY for a 5-year term. The minimum deposit is $1,000. There's also a promotional 10-month 4% CD with a $5K minimum deposit, but this requires a checking account with direct deposit. Without the checking the yield is 3.75% APY. The rate table has a Feb 4, 2008 date so hopefully these rates will last awhile.

Branches are located in Chicago...

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