3.53% 6-Month CD with Liquid Features at Uniti Bank in California


Update 2/28/09: It has been reported that this special 3.53% 6-month CD has ended.

Uniti Bank is offering a special Flex CD with a 3.53% APY and a term of 6 months. It allows additional unlimited deposits during the term along with 2 penalty-free withdrawals. The special doesn't seem to be listed at the bank's website. A reader emailed me info on this, and I just received an email reply from the bank late yesterday. They didn't say how long this special may last.

Update 2/21/09: A reader informed me of some additional CD details:
  • you also have to open an interest free checking account
  • minimum CD deposit is $10,000
  • simple interest accrues, not compounded
It appears a branch visit is required to open an account. Branches are located in Los Angeles, Buena Park and Garden Grove, California.

Uniti Bank has some strong ratings for safety and soundness: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/08 financial data. The bank has been FDIC insured since 2001 (FDIC Certificate # 57120).

Thanks to the reader who emailed me info on this special CD.
Related Pages: CD rates

Anonymous   |     |   Comment #1
2.27.09: I just spoke with a Uniti Bank rep in the Buena Park headquarters and they said that they were no longer offering the 3.53% flex CD for 6-months.