Silvergate Bank Drastically Reduces Short Term CD Rates
Silvergate Bank, headquartered in La Jolla California, recently lowered their short term CD rates by a considerable amount. The largest reduction was on Silvergate Bank's regular 1 year certificate of deposit. 1 year CD rates were reduced 78 basis points from 1.08 percent to 0.30 percent.
6 month CD rates were also lowered to 0.20 percent with a yield of 0.20 percent. The previous 6 month CD rate was much higher at 0.75 percent with a yield of 0.75 percent. These rates are for Silvergate Bank's High Yield Online Certificates of Deposit. To search for CD rates and terms, search monitorbankrates.com.
Silvergate Bank Certificate of Deposit Summary
FDIC insured to the maximum amount allowed by law
You can open and fund the CD account online
Fixed CD rates guarantee your return
CD terms range from 6 months to 3 years
$25,000 minimum to opening CD account deposit
There are no monthly CD account maintenance fees
Current List of Regular CD Rates at Silvergate Bank