Silvergate Bank Drastically Reduces Short Term CD Rates

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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

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

ProductAPYRateMin. Deposit
6 month CD0.200%0.200%$25,000.00
1 yr CD0.300%0.300%$25,000.00
2 yr CD1.470%1.460%$25,000.00
3 yr CD1.660%1.650%$25,000.00

Current List of Jumbo CD Rates at Silvergate Bank

ProductAPYRateMin. Deposit
6 month jumbo CD0.200%0.200%$100,000.00
1 yr jumbo CD0.300%0.300%$100,000.00
3 yr jumbo CD1.660%1.650%$100,000.00

Author: Brian McKay
July 24th, 2016