Looking for some competitive 6 and 12 month CD rates in southern California? Check out Beal Bank in San Diego. They’re offering consumers six month certificates of deposit with yields just squeaking over 1.0% (at 1.004% APY to be exact) along with twelve month CD’s featuring APY’s of 1.15%. The national average for deposits with these terms are 0.50% for 6 month CD’s and 0.80% APY for 1 year CD’s – to give you a better idea of where they stand.
Beal Bank has a solid presence all the way up the southern California coast – with many branches in Orange County and even as far north as Sacramento. Founded in just 1988, Beal Bank has grown substantially over the years. Today they control almost $3.5 billion in assets.
Other high yielding deposit products in San Diego:
Outside of two offers from Beal Bank, there are still a number of other respectable rates on CD’s in San Diego and southern California. First, as we’ve mentioned several times here on BankVibe.com, Navy Federal Credit Union is still offering their “Easy Start Certificate.” This product isn’t designed for those looking to store a large chunk of change in a deposit (due to it’s maximum balance of $1,000) but it’s great for first time savers as it features an APY of 3.0% for 12 month deposits. NFCU has a few branches in the greater San Diego area.
You may want to also check out Neighborhood National Bank, of National City, CA, as it’s currently featuring a 12 month CD yielding 1.06% APY with an, albeit rather hefty, minimum deposit requirement of $10,000.
OneWest Bank, based out of LaJolla, CA, has a noteworthy 6 month CD as well. Currently with a minimum deposit of $1,000, southern California deposit-seekers can lock in a six month CD yielding 0.85% APY with OneWest.