Los Angeles CD Rates Survey for the week of December 19, 2011

Written by: Ryan Watson

According to a recent Primerates.com survey conducted on December 19, 2011 of Los Angeles CD rates offered by the area banks & credit unions, Los Angeles’ largest financial institutions offered short-term savers 6 month CD’s with rates between 0.05% at Wells Fargo (www.WellsFargo.com) and US Bank National (www.usbank.com) and 0.75% at Onewest Bank (www.owb.com).   Historically low US interest rates continue to keep pressure on CD rates of all maturities, but occasionally a bank breaks out and offers higher CD returns in attempts to garner new business.  For savers interested in longer maturities, Onewest Bank offers the best rates for 2, 3, 4 and 5 year maturities, ranging from .95% to 1.74%.

 

CD’s are typically insured up to $250,000 by the FDIC.  As CD’s mature, banks typically re-price the rates on deposits.  Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.

 

Banks 6 month 1 year 2 year 3 year 4 year 5 year
Bank of America 0.30% 0.35% 0.40% 0.60% 0.85% 1.19%
Wells Fargo 0.05% 0.05% 0.40% 0.65% 1.15% 1.15%
Union Bank 0.20% 0.30% 0.50% 0.60% 1.00% 1.49%
JP Morgan Chase 0.20% 0.25% 0.40% 0.50% 0.50% 1.00%
Citibank 0.15% 0.25% 0.30% 0.50% 0.75% 1.00%
Onewest Bank 0.75% 0.95% 1.09% 1.19% 1.34% 1.74%
U S Bank National 0.05% 0.10% 0.45% 0.70% 1.00% 1.39%
Bank Of The West NA NA NA NA NA NA
Cathay Bank 0.40% 0.60% 0.70% 0.80% 0.80% 0.80%
Comerica Bank 0.15% 0.20% 0.30% 0.40% 0.65% 1.00%

 

Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement.  Data is believed accurate at time of collection, can change without notice, and will vary.  Contact a specific institution for current rates.


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Los Angeles CD Rates Survey for the week of...

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