OneWest Bank, FSB — OneWest was formerlly IndyMac Bank which the FDIC took over. The FDIC actually kept the bank open and ran it as IndyMac Bank, FSB. They finally found a group of investors to move it back to private ownership. The investors got to take the good and leave the bad so have had a nice healthy start. They are currently about $17BB in assets with a very healthy 11.8% capital ratio. They made about $377MM in the first 6-months. Their CD Rates are not limited to people in California and are currently quite competitive. They will also accept IRAs, but the rates are a little lower. The are currently pushing the 1-year CD most heavily.

Visit their site for current rates and to open a CD. They also have a nice savings/money market account for 1.75% APY. Check the site for restrictions and details.
Rated 4-stars (****).FDIC# 58978.

Imperial Capital Bank — Imperial Capital has good rates and they offer either an on-line process or CDs can be opened through the mail. CD Rates are:

FDIC# 26348. The bank has $4BB in assets, but their Capital ratio is quite low at 4.20%.
Rated 1-star (*). Site.

The California Credit Union — California CU is open to all. You have to either be a current member of the PTA or PTSA or make a $5 donation. You can also gain membership by contributing to an organization like PBS. They need an additional $5 to go into a savings account. They are large for a credit union with about $1.5BB in assets. They have a 9.53% capital ratio.

They currently have a loss, but still are rated 3-stars (***). NCUA# 60784. Site.

That’s it for our CD Rates California post.

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