Best CD Rates in San Jose, CA: Top 3

October 11, 2009 No Comments »

Below are the highest yielding CD (certificate of deposit) rates available to the residents of San Jose, 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 San Jose 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 San Jose, CA:

  • Hanmi Bank (Santa Clara branch) has a 6 month CD yielding 1.86% APY with a minimum deposit of $1,000 required.
  • Nexity Bank has a 6 month CD yielding 1.65% APY with a minimum deposit of $1,000 required. They are a national bank and can accept deposits from any state.
  • Omni Bank, National Association has a 6 month CD yielding 1.50% APY with a minimum deposit of $5,000 required.

Best 12 month CD rates in San Jose, CA:

  • Technology Credit Union (San Jose branch) has a 12 month CD yielding a whopping 3.50% APY with a minimum deposit of $1,000 required.
  • American Airlines Federal Credit Union has a 12 month CD yielding 2.12% APY with a minimum deposit of $10,000 required.
  • Far East National Bank has a promotional 11 month CD yielding 2.0% APY with a minimum deposit of $5,000 required.

Best 24 month CD rates in San Jose, 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.
  • Pacific National Bank (Campbell, CA) has a 24 month CD yielding 2.30% APY with a minimum deposit of 2.30% APY required.
  • Valley Credit Union has a 24 month CD yielding 2.30% 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 San Jose, California 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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