4.5
Bank Score
CD's
Overview

ComplexSearch.com is an independent website dedicated to reviewing bank and financial products.

Highlights
  • Guaranteed returns
  • FDIC insured
  • Auto renewal option available
  • High APY
  • No monthly fee

Below is our list of the Best yielding CD Rates in California.

Narrow your search for CD Rates in California: Sacramento

Best 6-Month CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: Bask Bank

Minimum Amount:$1000

APY Rate: 4%

Pros:

  • Easy to open CD accounts
  • FDIC insured
  • customization option available
  • Highest CD rates on 6 months term

Rules:

  • Minimum balance should be maintained at all times
  • The interest is accrued daily and compounded monthly. 
  • There is a penalty for premature withdrawal from the account.
4.0
Bankrate Score

Bank or Credit Union Name: Merrick Bank

Minimum Amount:$25000

APY Rate: 4.30%

Pros:

  • High APY rate
  • 24/7/365 access to account
  • Fixed return
  • No hidden charges
  • One of the fastest growing banks in America

Rules:

  • Minimum balance must be deposited in the account in a single transaction. 
  • Monthly compounded interest with end of monthly dividends credits
  • Penalty fee on early withdrawal
4.0
Bankrate Score

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10, 000

APY Rate: 4.15%

Pros:

  • highest fixed APY 
  • Unconditional account access
  • FDIC insured deposits
  • 24/7 customer support

Rules:

  • A minimum of $10000 balance is required for interest calculation 
  • Interest is accrued and compounded on monthly basis
  • The interest amount will be transferred to the account at the end of month. 
  • A penalty is imposed in early withdrawal 
4.0
Bankrate Score

Bank or Credit Union Name: First Internet Bank of Indiana

Minimum Amount:$1000

APY Rate: 3.87%

Pros:

  • Online only banking experience
  • High interest rates
  • Low minimum deposit

Rules:

  • Interest is compounded every month and added to the account at month’s end
  • Early withdrawal are exposed to penalty
4.0
Bankrate Score

Bank or Credit Union Name: Bank5 Connect

Minimum Amount: $500

APY Rate: 3.80%

Pros:

  • High interest CD options
  • Lowest minimum balance
  • 100% deposit insurance
  • No maintenance fees

Rules:

  • APY can be earned with the minimum balance only. 
  • Monthly compounding of interest
  • Penalty on premature withdrawal

Best 12-Month CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: M. Y. Safra Bank

Minimum Amount: $500

APY Rate: 4.41%

Pros:

  • High APY
  • low minimum balance
  • FDIC insured
  • 24/7 customer assistance
  • Reputed banking services

Rules:

  • Interest is compounded monthly and added to the account at every month’s end. It must stay in account u tip term ends
  • Early withdrawal available with a penalty
4.0
Bankrate Score

Bank or Credit Union Name: North American Savings Bank

Minimum Amount: $5000

APY Rate: 4.29%

Pros:

  • Reputed Bank in the region
  • High APY on CDs
  • eBook, “Everything You Need To Know About Certificate of Deposit Accounts” available
  • No limit on beneficiaries

Rules:

  • Minimum balance must be maintained
  • Early withdrawal penalty equalling 6 months interest
  • 7 days grace period before CD gets auto renewed
4.0
Bankrate Score

Bank or Credit Union Name: Bask Bank

Minimum Amount: $1000

APY Rate: 4.10%

Pros:

  • Instant CD accounts
  • FDIC insured
  • Easy customize CD option
  • High CD rates and APY

Rules:

  • The interest is accrued only if you maintain the minimum balance
  • Interest calculated daily and compounded monthly. 
  • A penalty is charged if you withdraw before maturity
4.0
Bankrate Score

Bank or Credit Union Name: Discover Bank

Minimum Amount: $2500

APY Rate: 4.00%

Pros:

  • Best rates in the nation
  • Highly reputed bank
  • FDIC insured
  • 9 days grace period after maturity

Rules:

  • Maintain $2500 minimum balance
  • Early withdrawal is charged with 6 months interest as penalty
  • Interest is compounded daily and credited to the account on monthly basis
4.0
Bankrate Score

Bank or Credit Union Name: CFG Bank

Minimum Amount: $500

APY Rate: 4.50%

Pros:

  • Competitive rates
  • Reasonable minimum deposits required
  • Mobile app access to check progress
  • Option to choose term ranging 6 months to 5 years

Rules:

  • Minimum balance should be maintained all the time
  • Penalty is charged on early withdrawal
  • Interest is accrued daily and added to the account on month’s end

Best 2-Year CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: KS StateBank

Minimum Amount: $500

APY Rate: 4.73%

Pros:

  • Minimum balance required is low
  • Top tier APY rate
  • Jumbo CD option available
  • FDIC insure

Rules:

  • All interest is compounded and credited to the account on quarterly basis
  • Daily balance method is applied to calculate interest
  • Penalty charged in early withdrawal
4.0
Bankrate Score

Bank or Credit Union Name: Bread Savings

Minimum Amount:$1500

APY Rate: 4.50%

Pros:

  • $1 million/ account and $10 million limit/ customer maximum deposit limit
  • No hidden charges
  • No monthly maintenance fee
  • Auto-renew facility available

Rules:

  • Interest accrued and compounded on daily basis and credited to the account every month
  • Penalty on premature withdrawal
4.0
Bankrate Score

Bank or Credit Union Name: Popular Direct

Minimum Amount:$10, 000

APY Rate: 4.5%

Pros:

  • Impressive fixed APY 
  • 24/7/365 account access
  • FDIC insured deposits
  • Live customer support

Rules:

  • Maintain a $10000 minimum balance to earn interest
  • Interest is compounded and credited to the account monthly
  • Early withdrawals are exposed to penalty
4.0
Bankrate Score

Bank or Credit Union Name: M. Y. Safra Bank

Minimum Amount: $500

APY Rate:4.48%

Pros:

  • Best rates for the long-term CD
  • FDIC insured
  • Promotes CD ladder approach
  • No hidden fees

Rules:

  • A minimum balance of  $500 must be maintained at all times
  • Interest is compounded and credited to the account monthly
  • A penalty is imposed on early withdrawal
4.0
Bankrate Score

Bank or Credit Union Name: Sallie Mae Bank

Minimum Amount:$2500

APY Rate:4.40

Pros:

  • Guaranteed returns
  • FDIC insured
  • Auto renewal option available
  • High APY
  • No monthly fee

Rules:

  • Interest is calculated only when the minimum balance is maintained
  • A penalty will be charged on early withdrawal
  • Interest is compounded on a monthly basis
4.0
Bankrate Score

Bank or Credit Union Name: Sallie Mae Bank

Minimum Amount:$2500

APY Rate:4.40

Pros:

  • Guaranteed returns
  • FDIC insured
  • Auto renewal option available
  • High APY
  • No monthly fee

Rules:

  • Guaranteed returns
  • FDIC insured
  • Auto renewal option available
  • High APY
  • No monthly fee

Best 3-Year CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: M. Y. Safra Bank

Minimum Amount:$500

APY Rate:4.48%

Pros:

  • Most competitive rates for the 3-year CD
  • FDIC insured
  • CD ladder approach possible with diverse options
  • No hidden charges

Rules:

  • A decent minimum balance is required at all times to earn interest
  • Interest will be compounded and credited to the account on a monthly basis
  • Early withdrawal with earn penalty equalling six months’ interest
4.0
Bankrate Score

Bank or Credit Union Name: CFG Bank

Minimum Amount:$500

APY Rate: 4.60%

Pros:

  • Highest CD APY rates
  • Low minimum balance
  • Mobile app with unconditional access 
  • CD Options available from 6 months to 5 years

Rules:

  • Interest is calculated only when you maintain the minimum balance
  • There is a penalty for premature withdrawal
  • Interest is compounded daily and credited to the account on a monthly basis
4.0
Bankrate Score

Bank or Credit Union Name: Department Of Commerce Federal Credit Union

Minimum Amount: $500

APY Rate:4.57%

Pros:

  • Leading CD rates in the market
  • Best customer service
  • FDIC insured
  • Additional 0.10% APY with initial deposits of $25k
  • No limit on beneficiaries

Rules:

  • Dividends are compounded  and credited monthly to the DOCFCU checking or savings account
  • Early withdrawal earns you a penalty amounting to the interest of 180 days
  • 10 calendar days grace period before auto-renewal
4.0
Bankrate Score

Bank or Credit Union Name: Popular Direct

Minimum Amount:$10, 000

APY Rate:4.55%

Pros:

  • 120-year-old bank
  • Competitive rates
  • No monthly fees

Rules:

  • Maintain a $10000 minimum balance to earn interest
  • Interest is compounded/ credited on a monthly basis
  • Early termination of CD earns a penalty
4.0
Bankrate Score

Bank or Credit Union Name: Merrick Bank

Minimum Amount: $25, 000

APY Rate:4.55%

Pros:

  • Best available yields on a 3-year CD
  • Nationwide availability
  • Excellent customer service
  • Deals exclusively on CD products

Rules:

  • You need to have $25, 000 in your account at all times
  • Monthly Compounding interest
  • Interest is credited at month end
  • There is a penalty for early withdrawal

Best 5-Year CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY Rate:4.75%

Pros:

  • The maximum deposit limit per account is $1 million and per customer is $10 million
  • No hidden fee
  • No monthly fee
  • Auto-renew with grace period facility available

Rules:

  • The interest is calculated on a daily basis and added to the account at every month’s end
  • Need to maintain a $1500 minimum balance to earn interest
  • A penalty is charged in case you withdraw prematurely
4.0
Bankrate Score

Bank or Credit Union Name: Merrick Bank

Minimum Amount:$25, 000

APY Rate:4.75%

Pros:

  • Highest CD rates
  • Nationwide available bank
  • Best customer service
  • The bank offers CDs only

Rules: 

  • The minimum balance of $25, 000 must be maintained in your account
  • The interest is compounded on a monthly basis
  • Interest is credited to the savings account at month end
  • Penalty charged on early withdrawal
4.0
Bankrate Score

Bank or Credit Union Name: Department Of Commerce Federal Credit Union

Minimum Amount:$500

APY Rate:4.70%

Pros:

  • Top-tier CD rates in the market
  • Uncompromised customer service
  • FDIC insured
  • For initial deposits of $25k you earn an additional 10% APY
  • Unlimited add beneficiary option

Rules: 

  • Interest is compounded  monthly and credited to the account every month end
  • A simple interest of 180 days is charged as a penalty for early withdrawal
  • You can auto-renew a CD or withdraw it in the 10 days grace period
4.0
Bankrate Score

Bank or Credit Union Name: CFG Bank

Minimum Amount:$500

APY Rate:4.6%

Pros:

  • Best APY on CDs
  • The lowest minimum balance required
  • Free access to the account through the mobile app

Rules: 

  • Interest is calculated when minimum balance requirements are followed
  • Premature withdrawal attracts penalties
  • Interest is compounded daily and credited to the account on a monthly basis
4.0
Bankrate Score

Bank or Credit Union Name: Sallie Mae Bank

Minimum Amount:$2500

APY Rate: 4.55%

Pros:

  • Guaranteed returns
  • FDIC insured
  • Auto renewal option available
  • High APY
  • No monthly fee

Rules:

  • Interest is calculated only when the minimum balance is maintained
  • A penalty will be charged on early withdrawal
  • Interest is compounded on a monthly basis

National CD Rates

Average CD Rates

1-YEAR CD 1.82%
2-YEAR CD 1.75%
6-MONTH CD 2.10%
5-YEAR CD 2.47%
On This Page