Best CD Rates in California
Editor
Author
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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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