Banks in California with the Best Interest Rates Today
When searching for the best California interest rates, there are actually several different types of financial institutions where you can look like community banks, credit unions, national banks and online institutions. So why not begin your search close to home with the local banks in your area? These small organizations tend to offer higher rates than larger banks and chains. The following is a look at the highest rates from local banks specifically.
Best California Bank Savings Rates
Finding a savings account in California with a high interest rate will help you make the most out of your deposits. The community banks in California with the best savings rates today are:
- Golden Security Bank: 0.94%
- Centennial Bank: 0.85%
- The First National Bank of Florida: 0.75%
Top CD Rates from California Banks
A certificate of deposit (CD) is like a savings account, but you keep your money on deposit for a set period of time in exchange for higher interest rates. The term is how long that deposit period is–generally, the longer the term, the higher the rate. Here are the best bank rates for various CD accounts in California.
6-Month CD
- OneWest Bank, FSB: 0.95%
- Gateway Business Bank: 0.9%
- The First National Bank of Florida: 0.75%
12-Month CD
- Balboa Thrift and Loan Association: 1.16%
- OneWest Bank, FSB: 1.05%
- Gateway Business Bank: 1%
24-Month CD
- California Community Bank: 1.56%
- OneWest Bank, FSB: 1.4%
- Community Business Bank Sacramento: 1.35%
The above rates are accurate as of June 14, 2011 but are subject to change at any time. Please contact individual banks to verify rates before opening an account. To see a comprehensive list of all the financial institutions in the state, visit our California Banks List.
