California Banking Rates

Highest CD Rates in California – November 8, 2010

There are a lot of factors that go into choosing the best certificate of deposit account, especially the interest rate. Whether you’re in search of a short-term six month CD, or are willing to commit to a longer investment period of one or two years in order to earn a higher rate, CD interest rates vary by location and financial institution. That’s why finding an account with the highest CD rate that also meets your savings needs and goals is crucial to making a wise investment.

Typical CD Rates in California

Knowing the average CD rate in your state will help you understand the realistic range of interest rates you’re likely to find, as well as pinpoint the truly outstanding offers. Right now, the average 6-month CD rate in California is .62% APY, while the average 12-month CD interest rate is .87% APY and two year CDs come in at 1.27% APY. There are plenty of banks and credit unions in California that beat these rates, however–you just have to know where to find them.

Banks and Credit Unions with the Best California CD Rates

The following are the CA banks and credit unions that offer CD rates well above the state average: Highest 2 year CD rate in CA

  • E-Central Credit Union at 1.77% APY

Best 1 year CD rate in CA

  • Alisos Credit Union at 1.50% APY

Top 6 month CD rate in CA

  • R Csse Credit Union at 1.25% APY

If you would like to open a CD account with one of the above banks, view the directory of California banks for contact information so you can begin growing your savings today.

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.