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California CD Interest Rates & CD Yields

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Besides Social Security many retirees rely on returns from certificates of deposit for their income. Since returns on CD rates have been dismal for almost three years that source of income has been dwindling. The current national average CD rate on a 12 month certificate of deposit is only 0.77 percent today.

Three years ago you could find 12 month CD rates around 3.00 percent or even higher depending on the bank or credit union. In the summer of 2008 several banks were so desperate for deposits they offered rates as high as 5.00 percent for a 12 month CD. 



Although the national average 12 month CD rate is .077 percent you can find rates higher than the average. Right now on our CD interest rate table for California, Bank of Internet has the highest rate. Bank of Internet is currently offering 1 year CD rates at 1.47 percent with a CD yield of 1.48 percent. Bank of Internet's rate is one of the highest CD rates at banks and credit unions available right now.

Other banks on our list in California include the banking arm of the student loan company Sallie Mae. Sallie Mae Bank is offering 1 year bank CD rates at 1.39 percent with a CD yield of 1.40 percent. Discover Bank and Giantbank.com have the third highest California CD rate. Both banks are currently offering 1 year CD rates at 1.34 percent with a bank CD yield of 1.35 percent.

California CD Yields




  • Bank of Internet USA 1.48% APY Min $1000 


  • Sallie Mae 1.40% APY Min $ 1


  • Giantbank.com 1.35% APY Min $2500 


  • Nationwide Bank 1.35% APY Min  $10,000 


  • Discover Bank 1.35% APY Min $2500 


  • Ally Bank 1.34% APY Min $ 1 


  • American Express Bank FSB 1.30% APY Min $ 0 


  • Pentagon Federal Credit Union 1.26% APY Min $1000


  • PenFed 1.26% APY Min $1000 


  • ING DIRECT 1.25% APY Min $ 1 


  • La Jolla Bank 1.20% APY Min  $10,000 


  • Tennessee Commerce Bank 1.15% APY Min $2500 


  • Luther Burbank Savings 1.10% APY Min $1000 


  • AIG Bank 1.10% APY Min $2500 


  • EverBank 1.01% APY Min $1500 


  • First Internet Bank of IN 1.00% APY Min $1000 


  • Ameriprise Bank FSB 0.95% APY Min  $10,000 


  • Flagstar Bank 0.95% APY Min $500 


  • E-LOAN.com 0.85% APY Min  $10,000 


  • CapitalSource Bank 0.80% APY Min  $10,000 


  • BankDirect 0.75% APY Min  $10,000 


  • Allstate Bank 0.70% APY Min $1000 


  • HSBC Advance 0.70% APY Min $1000 


  • Lockheed Federal Credit Union 0.65% APY Min $1000 


  • Bank of the West 0.65% APY Min  $10,000 


  • Westamerica Bank 0.65% APY Min  $10,000 


  • First Bank & Trust 0.65% APY Min $1000 


  • First Federal S&L 0.60% APY Min $1000 


  • Oak Valley Community Bank 0.60% APY Min $2500 


  • Bank of the Sierra 0.60% APY Min $1000 


  • Bank of Marin 0.59% APY Min  $10,000 


  • Provident Credit Union 0.55% APY Min $1000


Returns on certificates of deposit will be low until the economy gathers steam and the Fed starts raising the Fed funds rate. Until that time comes the best thing you can do to maximize your return is to broaden your search for the best CD rate. Think nationally, not locally, when searching for the best interest rate. MonitorBankRates.com has CD rate tables for every state in the United States. Our rate tables include local banks and national banks.
 
Author: Brian McKay
October 30th, 2010