California Banking Rates

Highest California CD Rate – December 6, 2010

Despite California’s current economic turmoil, certificate of deposit account rates have managed to stay high. If you wish to deposit your money in a safe and reliable account while still earning a competitive interest rate then this is a great investment choice for you.  Remember, when considering a CD, in order to earn the best CD rate possible you need to consider the term length of your CD, as well as, the location of the account.  The information below will help you in this process, and you can compare rates from the previous weeks as well.

Average California CD Rates

The state in which your CD account is held makes a difference in the interest rate you can expect to earn. For example, if you’re shopping around for a CD in California, you can compare offers from various bank and credit unions with the following averages in mind:

  • Average 6 month CD rate in CA: 0.59% APY
  • Average 12 month CD rate in CA: 0.80% APY
  • Average 24 month CD rate in CA: 1.17% APY

California Banks and Credit Unions with the Highest CD Rates

Now that you have a benchmark in mind, here are some of the best California banks and credit unions for finding great CD rates: Best California 6-Month CD Rate

  • Northeast Community Credit Union: 2.00% APY

Top California 12-month CD rate

  • Northeast Community Credit Union: 2.50% APY

Highest California 24-month CD rate

  • Mizuho Corporate Bank of California: 2.17% APY

Don’t pass up these great California CD rates. In order to open an account with one of the above financial institutions or view a comprehensive list of all the banks and credit unions in your state, view our list of  California banks for contact information and start earning the best rates possible.

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.