CD Rates California
September 30th, 2009
Updated 3/26/2020
Here is a look at CD rates in California from a few strong banks and credit unions.
Southern California
OneWest Bank, FSB — OneWest was formerly 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. Currently they have about $45.3BB in assets with a very healthy 14.02% capital ratio. Their CD Rates are not limited to people in California and are currently are better through their parent company CIT Bank.
60-month CD: 1.40%
Visit their site for current rates and to open a CD. Check the CIT site for restrictions and details.
Rated 5-stars (*****). FDIC# 58978.
The California Credit Union — California CU is a strong credit union with about $3.20BB in assets. They have a 11.02% capital ratio. They service San Diego and Los Angeles Counties and service educators and PTA members. You can find list of who can join on their Site here.
12-Month CD: 1.75%
6-month CD: 1.40%
They are rated 5-stars (*****). NCUA# 60784.
Northern California
Bay Federal Credit Union Bay Federal CU has good CD Rates. The membership is limited to:
“Anyone who lives, works, volunteers, worships or attends school in Santa Cruz, San Benito, and Monterey Counties is eligible to join Bay Federal Credit Union. ”
The 5-year rate is 1.50% APY and the 1-year is 0.50% APY. They have good rates on the in between terms as well.
Your funds are federally insured by the NCUA. Their charter# is 12067. They are a little over $1.06BB (Q4 2019) in size.
Here is the link to their rates page.
Another option
Umpqua Bank Umpqua Bank has an A+ rating from Deposit Accounts.com with branches all over California.
Top CD rate is 0.80% for 13 months.
As always, make sure you check the fine print for Early Withdraw Penalties (EWP) and wire fees.
Rated 5-stars (*****). FDIC# 17266.
Check our CD Rates page to compare these rates to rates around the country. That’s it for our CD Rates California post.
-- By Chris Duncan
