US Metro Bank (CA) Offers 12-Month CD Special


Availability: Market area is primarily Southern California

Over the weekend, Southern California’s US Metro Bank began advertising their 12-month CD Special (1.20% APY) and Jumbo Money Market (1.09% APY).

The 12-month CD Special requires a minimum deposit of $100K, with no balance cap. This is a limited-time offering, but no specific end-date has been stated. Earned interest can either accumulate in the CD or be paid out on a monthly basis. According to a very helpful CSR, the Early Withdrawal Penalty is one month’s interest.

The Jumbo Money Market currently earns 1.09% APY on balances of $100K+; balances below $100K earn 0.83% APY.

Many thanks to the DA reader who emailed me with this deal.


US Metro Bank is located in Garden Grove, California, and has a market area of Southern California, although CSR stated "anyone in the US could open an account if they are willing to travel (to the Bank)."

Opening any type of account at US Metro Bank must be done in person at the sole branch located in Garden Grove. At this time, US Metro Bank’s online banking platform is dedicated to account management and bill payment services.

CSR stated that the Bank’s website is in the process of being re-worked and improved, and more online services will be available in the future.

Bank Overview

US Metro Bank (FDIC Certificate # 58310) has an overall health rating of "A+" at, with a Texas Ratio of 1.05% (excellent), based on June 30, 2015 data. In the past year, US Metro Bank has increased its total deposit by $16.5 Million, an excellent annual growth rate of 18.25%. Please refer to our financial overview of US Metro Bank for more details.

Established in 2006, US Metro Bank was founded to serve the Korean-American community in Garden Grove and neighboring areas, with most of the staff speaking Korean. In 2012, US Metro Bank began to diversify its customer base by targeting the local Chinese-American and Vietnamese-American population.

How the CD Compares

When compared to the 310 similar length-of-term CDs tracked by available to California residents, US Metro Bank’s 12-Month CD APY currently ranks fifth, regardless of minimum deposit.

How the Money Market Compares

When compared to the 283 Money Market Accounts (MMA) tracked by available to California residents, US Metro Bank’s Money Market Account APY currently ranks fifth, regardless of minimum deposit.

The above rates are accurate as of 12/1/2015.

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

To search for nationwide MMA rates and MMA rates in your state, please refer to the Money Market Account rates section of

Related Pages: US Metro Bank, Los Angeles

3.15% 12-Month Liquid CD at US Metro Bank in California - Local Only
US Metro Bank is offering a special CD called the Freedom CD. It's a 12-month CD with a 3.15% APY. Minimum deposit is $10,000. It allows unlimited deposits during the term and up to 5 no-penalty withdrawals. This special doesn't seem to be listed at the bank's website. A reader mentioned seeing it advertised in the Sunday paper, and I just called for additional details. According to the CSR, tomorrow (3/31/09) will be the last day for this special. You would think the special would last longer if they advertised...
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