Last night we got tipped off on a couple of fantastic short term CD rates available in the greater Los Angeles region. In the past we’ve highlighted several of the best CD rates in Los Angeles which can be seen in our archives . And for the time being, it seems the fantastic rates from this region are still coming in.
Today, if eligible to join Mid-Cities Financial Credit Union (out of Compton, California) you can lock in a 12 month CD yielding 1.50% APY with a minimum deposit requirement of just $100. To put this offer in perspective, the current national average for 12 month CDs sits at just 0.98% APY.
You can also lock in a 6 month CD yielding 1.15% APY from Opus Bank (of California) as well as a 9 month CD from Central State Credit Union yielding 1.25% APY. The minimum deposit requirements for both of these bank deposits is $1000.
Best Short Term CD Rates (Los Angeles, California):
(Rates accurate as of Jan 2011. Visit our CD Rates center to see today’s best offers from around the nation.)
- Pacific Alliance Bank (Rosemead, CA) has a 3 month CD yielding an unheard of 1.10% APY with a minimum deposit requirement of $5,000.
- Cass Commercial Bank (Santa Anna, CA) has a 3 month CD yielding 0.85% APY with a minimum deposit of $1000 required.
- Colorado Federal Savings Bank has a 6 month CD yielding 1.10% APY with a minimum deposit requirement $5000.
- Omni Bank (based out of San Jose, CA) has a 6 month CD yielding 1.10% APY as well, with a minimum deposit of $5000 required.
If you live in LA area and know of a better CD rate offered through your local bank or credit union, please share by leaving a comment!