Poppy Bank (CA) Offers Competitive Long-Term CDs Statewide


Deal Summary: CDs – 24-month (0.75% APY), 36-month (1.00% APY), 48-month (1.00% APY), 60-month (1.00% APY), $1k minimum deposit.

Availability: All California residents through online application.

Poppy Bank is currently offering competitive rates on its long-term CDs, all of which are available statewide. Of the four CDs listed below, the 36-month CD has the most competitive rate. The minimum opening deposit is $1k, with no stated balance cap.

1.00%$1k-Poppy Bank36 Month CD
1.00%$1k-Poppy Bank48 Month CD
1.00%$1k-Poppy Bank60 Month CD
0.75%$1k-Poppy Bank24 Month CD
Rates as of October 17, 2021.

The CD disclosure is listed on the penultimate page of the online application, which really doesn’t help anyone trying to do due diligence before opening an account. According to CSR, the Early Withdrawal Penalty for the 24-month CD is 180 days of interest, and 365 days of interest for the 36-, 48-, and 60-month CDs, with partial withdrawals allowed. Earned dividends can be withdrawn penalty-free.

Funding a CD can be done by ACH or wire transfer. Maturing funds will be distributed through a check to the address on file, wire transfer, or deposited into a Poppy Bank savings or checking account. There is a seven day grace period before a CD automatically renews at the then-current rate.


Headquartered in Santa Rosa, Poppy Bank offers its CDs to all US citizens/residents aliens who live in California through an online application.

CDs can also be opened at any of 17 California branches located in Alameda, Corte Madera, Costa Mesa, La Jolla, Los Angeles, Menlo Park, Milpitas, Petaluma, Pleasanton, Roseville, San Rafael, Santa Rosa (4), Walnut Creek, and Windsor. According to the Bank’s Locations page, some of the branch locations have COVID-related temporary operating hours.

Bank Overview

Poppy Bank has an overall health rating of "A" at DepositAccounts.com, with a Texas Ratio of 2.67% (excellent), based on December 31, 2020 data. In the past year, the Bank has increased its total non-brokered deposits by $620.9 million, an excellent annual growth rate of 29.03%. Please refer to our financial overview of Poppy Bank (FDIC Certificate # 57903) for more details.

Originally known as First Community Bank, Poppy Bank was founded in 2005 by nine prominent San Francisco area business leaders. The Bank re-branded as Poppy Bank in November 2017 to avoid marketplace confusion, although the parent company name (First Bank Community Holdings) has not changed. According to Poppy Bank CEO, Khalid Acheckzai,

There are thirteen banks named “First Community Bank” in the United States with 157 branch locations. As we expanded, we wanted to distinguish our excellent products and services from our competitors. Changing our name to “Poppy Bank” is unique and an exciting step forward on our road to continued success.

The Bank’s footprint expanded into Southern California with the 2018 acquisition of Blue Gate Bank (Costa Mesa). Currently the 35th largest bank headquartered in California, Poppy Bank has deposits in excess of $3.2 billion and nearly 20,000 customer accounts.

How the 36-month CD Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com requiring a similar minimum deposit and available to all California residents, Poppy Bank’s 36-month CD APY currently ranks second.

The above information and rates are accurate as of 3/22/2021.

To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Los Angeles CD rates, San Francisco Bay CD rates, Sacramento CD rates, 5-year CD rates

Poppy Bank (CA) Offers Poppy Savings At Two Branches
Deal Summary: Poppy Savings, 2.50% APY, $10k minimum, guaranteed through December 31, 2019, checking requirement.

Availability: Offer in-branch at the Menlo Park and Milpitas locations only.

Poppy Bank (formerly First Community Bank) is currently offering a Poppy Savings/Poppy Checking combo special only at its Menlo Park and Milpitas branch locations. Both accounts must be opened at the same time. (Note: since this offer is limited to only two branch locations, the Poppy Savings account is not listed in any of DA's rate tables.)

Poppy Savings

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Poppy Bank (CA) Ups 12-Month CD Rate
Deal Summary: 12-month CD (2.50% APY), 24-month CD (2.75% APY), $1k minimum deposit.

Availability: Market area is San Francisco Bay area.

About a month ago, Poppy Bank (formerly known as First Community Bank) added a 12-month and a 24-month CD, with fairly ho-hum rates. Following increases of 50 bps over the weekend, those rates are now quite competitive: 12-month CD (2.50% APY) and 24-month CD (2.75% APY). The minimum opening deposit is $1k, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.