Best California Bank Account Rates – April 11, 2011
Why just put your money in any California bank account when you could actually earn money while saving? There are so many options today, you can have your pick of the best bank accounts and rates. While shopping around for the account that best suits your needs, it’s important that you consider a few key factors, including: Interest rates, banking fees and minimum deposit amounts.
Shopping around for the best rate is easy with California Banking Rates. Using our comprehensive database, California Banking Rates is able to bring you a list of the most competitive rates in California from local banks and credit unions. We pound the pavement so you don’t have to.
Current Average California Bank Account Rates
Currently, among the 6 6-month CD accounts available, the average 6 month CD rate is 0.36% APY, while out of 6 12 month CDs the average is 0.62% APY and 24 month CDs average 0.95% APY with 6 accounts available.
As for savings accounts, there are a total of accounts available in California today. The average interest rate among these accounts is 0.21% APY.
Look for financial institutions offering rates that exceed these averages to decide where the best bank accounts are.
Best 6-Month CD Rate
F & A Credit Union: 1.3% APY
Highest 12-Month CD Rate
F & A Credit Union: 1.45% APY
Top 24-Month CD Rate
North Hollywood Credit Union: 1.76% APY
Top Savings Account Interest Rates in California
F & A Credit Union: 1.26% APY
