High CD Interest Rates in CA

Partners Federal Credit Union -- Partners in the past has had some great rate offers. They use to allow members from anywhere you just had to join one of their affiliated associations. However, once they merged they stopped offering that. They also use to offer bonuses for opening relationship type accounts. Bonuses were as high as an additional 0.40%. I don't know if they are doing that anymore. The CD Rates aren't very good. 6-month at 1.16%, 1-year at 1.25%, 3-year at 1.90%. $879MM in assets. They are currently profitable but may have some problem loans. They are in southern CA after all. 2-star rating.

Imperial Capital Bank has fairly decent interest rates. Certificates of Deposit can be opened through the mail or on-line. Rates are: 6-month at 1.49%, 1-year at 1.80%, 18-month at 2.04%, and 2-year at 2.27%. FDIC# 26348. The bank has $4BB in assets, but their Capital ratio is quite low at 4.20%. Rated 1-star (*).

Many banks in California are experiencing problems. Although the listed institutions above are either FDIC or NCUA insured so you won't lose any funds over the current $250,000 limit, many people don't want to deal with bank or credit union closures. For that reason, it makes sense to carefully review the bank or credit union you are looking to make deposits at. We have other sources to Compare CD Rates.

Chris Duncan is a FINRA Registered Representative. He specializes in helping clients find the best and highest CD rates nationwide. His clients include individuals, financial institutions, corporations, and public agencies.