Best CD Rates in Sacramento, CA: Top 3

October 13, 2009 No Comments »

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Sacramento, California. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Sacramento as well as central California, we found that for the most part, you will be able to receive slightly better rates with national institutions than with local ones.

Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide. 

How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.

Best 6 month CD rates in Sacramento, CA:

  • UFB Direct has a 6 month CD yielding 1.70%APY with a minimum deposit of $8,000 required. This is a national bank and can accept deposits from any state.
  • First Financial Bank (Sacramento branch) has a promotional 10 month CD yielding 1.50% APY with a minimum deposit of $500 required.
  • Community Business Bank of West Sacramento has a 6 month CD yielding 1.45% APY with a minimum deposit of $10,000 required.

Best 12 month CD rates in Sacramento, CA:

  • Colorado Federal Savings Bank has a branch in Sacramento which is offering a 12 month CD yielding 2.0% APY with a minimum deposit of $5,000 required.
  • Community Business Bank has a 12 month CD yielding 2.0% APY with a minimum deposit of $10,000 required.
  • iGoBanking.com has a 12 month CD yielding 2.0% APY with a minimum deposit of $1,000 required. They are an online institution which can accept deposits from any state.

Best 24 month CD rates in Sacramento, CA:

  • Hudson City Savings Bank has a 24 month CD yielding 2.50% APY with a minimum deposit of $5,000 required. This is a national institution and can accept deposits from any state.
  • First Financial Bank has a promotional 25 month CD yielding 2.50% APY with a minimum deposit of $10,000 required.
  • CitiBank (Carmichael, CA branch) has a 24 month CD yielding 2.25% APY with a minimum deposit of $1,000 required.
All of the above institutions are federally insured by either the FDIC or NCUA. If you live in the city of Sacramento, CA and know of a better interest rate offered through your local bank or credit union, please share by leaving a comment.

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