Best 6 month CD rates in California beat national avg by 85%

April 11, 2010 No Comments »

Although we have seen the average rates on six month CDs rise a bit recently, we’re still seeing the top 6 month CD rates in California ahead of the national average by nearly 85%.

As of last Friday, 6 month CD rate averages were nearing 0.81% APY. Compare this with the one bank in California that is offering nearly 1.50% APY on their 6 month CDs! You’ll need to make a minimum deposit of at least $5,000 to open the account.

United Pacific Bank, a small bank based out of the City of Industry, California is offering new and existing customers a 6 month CD yielding 1.48% APY. The rates associated with their deposits are actually set up in tiers. You can earn the 1.48% APY on deposits from 180 – 364 days. If you opt for a 1 year CD (or a CD maturing between 365 days to 17 months) you can earn 1.68% APY. The national average for 12 month CDs sits at roughly 1.20% APY.

United Pacific Bank is a private commercial bank specializing in commercial and international banking products for emerging middle-market companies. Their primary business and areas of expertise (as they refer to it) include corporate commercial banking, real estate finance, small business administration and corporate finance.

They were founded in 1982 and still remain relatively small with just 26 employees. They are federally insured by the FDIC (#23805) and control roughly $96 million in consumer deposits while servicing almost $86 million in loans.

They have a 3 star health rating according to and have a ‘A’ rating on BBB (Better Business Bureau). Their complaints are almost entirely based on mortgage and home loan related issues. They have 7 registered complaints regarding false or misleading advertising and 18 registered complaints revolving around problems with the product or service. All 25 complaints have been closed.

Branch Locations and Contact Info:

1630 S. Azusa Ave.
City of Industry, CA 91748
Tel: (626) 965-6230
Fax:(626) 965-2840

101 W. Garvey Ave.
Monterey Park, CA 91754
Tel: (626) 312-2080
Fax:(626) 312-2088

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