Best CD Rates in Sacramento, California

Certificates of Deposits can be a rewarding venture for all those who want to boost their savings with minimal risk. In the capital city Sacramento, where the economy vibrates with opportunities investors are always on the lookout for the most competitive interest rates.

Whether you’re a long-term resident or a newcomer attracted by Sacramento’s diverse culture and growing economy, securing a CD with a top rate can significantly enhance your financial portfolio. A complete and comprehensive guide is elaborated next for your reference.

Let’s explore the section below in detail;

Overall Best CD rates in Sacramento, California

No.	Name of the Bank	APY %	TermLength	Address
1	Beal Bank USA	4.96%	3-month	2381 Fair Oaks Blvd Sacramento, CA 95825
2	Sierra Central Credit  Union	4.75%	18-month	Yuba City near Sacramento, 820 Plaza Way, Yuba City, CA
3	PenFed Credit Union	4.65%	12-month	Online
4	Merchants National Bank of Sacramento	4.65%	12-month	Sacramento Yolo & Placer Counties Sacramento, CA 95814
5	Umpqua Bank	4.65%	12-month	1545 River Park Dr Sacramento, CA 95815
6	Wells Fargo Bank,  National Association	4.50%	3-month	3835 Freeport Blvd Sacramento, CA 95822
7	SchoolsFirst  Federal Credit Union	4.45%	12-month	3640 Crocker Ave  Sacramento, CA 95818
8	Plumas Bank	4.35%	12-month	Quincy Sacramento, 35 S Lindan Ave, Quincy, CA
9	First U.S. Community Credit Union	4.00%	6-month	580 University Ave, Sacramento, CA
10	Schools Financial	3.95%	3-month	8848 Calvine Rd Sacramento, CA 95828
11	SchoolsFirst Federal  Credit Union	3.95%	3-month	3640 Crocker Ave Sacramento, CA 95818
12	Bank of America, National  Association	3.93%	3-month	8842 Calvine Rd Sacramento, CA 95828
13	Heritage Community Credit  Union	3.93%	18-month	10399 Old Placerville Road, Sacramento, CA
14	Rabobank (now part of Mechanics Bank)	3.93%	6-month	Online
15	Oak Valley Community Bank	3.93%	3-month	Modesto (near Sacramento), 3508 McHenry Ave, Modesto, CA
16	Premier Valley Bank	3.50%	5-month	Online
17	Sacramento Credit Union	3.04%	3-month	800 H St PO Box 2351 Sacramento, CA 95814
18	Golden 1 Credit Union	3.00%	3-month	8241 Bruceville Rd Sacramento, CA 95823
19	SAFE Credit Union	3.00%	3-month	4700 Freeport Blvd Sacramento, CA 95822
20	Patelco Credit Union	3.00%	12-month	1537 Howe Ave Sacramento, CA 95825
21	Sacramento Credit Union	3.00%	24-month	800 H Street, Sacramento, CA
22	El Dorado Savings Bank	3.00%	14-month	Online
23	F&M Bank	3.00%	12-month	Lodi (near Sacramento), 121 W Pine Street, Lodi, CA
24	Citibank, N.A.	2.96%	12-month	1116 Alhambra Blvd Sacramento, CA 95816
25	Heritage Community Credit  Union	2.75%	3-month	10415 Old Placerville Rd Sacramento, CA 95827
26	Golden Pacific Bank,  National Association	2.50%	12-month	980 9th St Ste 100 Sacramento, CA 95814
27	River City Bank	2.50%	12-month	900 Howe Ave Sacramento, CA 95825
28	Redwood Credit Union	2.50%	6-month	3033 Cleveland Ave, Santa Rosa, CA
29	El Dorado Savings Bank,  F.S.B.	2.47%	3-month	4768 J St Sacramento, CA 95819
30	SAFE Credit Union	2.43%	12-month	4700 Freeport Blvd Sacramento, CA 95822
31	Yolo Federal Credit Union	2.08%	6-month	266 W Main St, Woodland, CA
32	Comerica Bank	2.08%	18-month	1201 K Street, Suite 120, Sacramento, CA
33	River Valley Community  Bank	2.08%	60-month	Yuba City (near Sacramento), 1629 Colusa Ave, Yuba City, CA
34	California Community Credit Union	2.00%	12-month	8815 Folsom Blvd Sacramento, CA 95826
35	Fremont Bank	2.00%	24-month	39150 Fremont Blvd, Fremont, CA
36	Summit State Bank	2.00%	24-month	Santa Rosa (near Sacramento), 500 Bicentennial Way, Santa Rosa, CA
37	North Coast Credit Union	1.38%	36-month	Online
38	Cathay Bank	1.06%	15-month	1628 Webster St, Sacramento, CA
39	Community Business Bank	1.06%	24-month	Merged into Banner Bank
40	Exchange Bank	0.45%	60-month	545 Fourth Street, Santa Rosa, CA

Current CD Rates of Sacramento, California

The current CD rates in Sacramento, California, hold the most prominent alignment for the investors. It overall represents the broader economic climate as well as the banking industry and its response to market conditions.

Some of the highly noticeable and concise CD options are discussed next for the fruitful gains in return.

Best 6 Month CD Rates

For those seeking short-term investment opportunities with guaranteed returns, the best 6-month CD rates in Sacramento are the best pick for them.

1. Department of Commerce Federal Credit Union

Minimum Amount: $500

APY / Rate: 4.29%

Pros:

• High yield rate
• Low minimum balance required
• CD options available from 6-60 months
• No monthly fees
• Relationship reward benefits  additional .25% based on number of products
• NCUA insured

Rules:

• No funds can be added during the term of them CD
• Premature withdrawal incurs a penalty
• Interest is accrued daily and credited to account on monthly basis
• 10 days grace period to make changes in the CD without Penalty

2. Merrick Bank 

Minimum Amount: $25000

APY / Rate: 4.30%

Pros:

• Highest APY rate on 6 month CD
• Excellent customer service
• CD can be opened with Primary account or joint account
• No hidden charges
• FDIC insured investment

Rules:

• Minimum balance requirement is $25000 which must be deposited in one transaction. 
• Interest is compounded daily and credited monthly to the account
• A penalty is charged on early withdrawal
• To roll over a CD, there is a grace period of 10 calendar days

3. NASA Federal Credit Union

Minimum Amount: $1,000.00

APY / Rate: 4.00% APY

Pros:

• Hassle-free account opening
• FDIC insured
• Easy renewal

Rules:

• Dividends are compounded and credited on a monthly basis
• Average daily balance method is applied
• There is a penalty for early withdrawal

Best 1 Year CD Rates

When it comes to locking in savings for a bit longer, the best 1-year CD rates in Sacramento stand out as a golden middle ground.

1. M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.41%

Pros:

• Monthly compounding interest
• Low minimum balance required
• Interest is calculated on deposit until maturity
• FDIC insured savings

Rules:

• Interest is compounded monthly and credited in account at months end
• A penalty is charged on early withdrawal

2. North American Savings Bank

Minimum Amount: $5000

APY / Rate: 4.29%

Pros:

• Available nationwide
• No hidden fees of maintenance charges
• Free financial and management tools
• FDIC Insured

Rules:

• Fixed interest rate with interest accrued daily and added to the account at the end of month
• Six months interest is charged as penalty on early withdrawal

3. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.01% APY

Pros:

• No minimum balance
• Easiest penalty terms
• Interest can be withdrawn anytime without penalty
• FDIC insured up to $250,000

Rules:

• Monthly Interest is calculated and credited to the account at the end of the month
• A penalty is charged if you withdraw prematurely

Best 2 Year CD Rates

2-year CD rates strike an ideal balance between offers that hold the higher interest rates than shorter-term CDs and also maintain liquidity for your financial planning.

1. KS State Bank 

Minimum Amount: $100,000

APY / Rate: 4.73%

Pros:

• Top tier CD rates
• No hidden charges
• Fixed interest rate with monthly compounding
• FDIC insured
• 24-hour telephone banking support

Rules:

• Fixed interest rate compounding monthly
• Unlimited deposits of $100 or more allowed before maturity 
• Advance maturity notice sent 

2. Bread Savings 

Minimum Amount:$1500

APY / Rate: 4.50%

Pros:

• No hidden fees
• Free online statement and maintenance
• Maximum deposit limit of $1 million per account and $10 million limit per custom
• FDIC insured

Rules:

• Interest is accrued and compounded daily and credited and posted to the account monthly
• 10 days grace period to auto renew or cash out the matured CD
• Penalty on early withdrawals

3. Skyla Credit Union

Minimum Amount: $500.00

APY / Rate: 4.50% APY

Pros:

• Low minimum balance requirement
• Insured up to $500,000 by National Credit Union Administration (NCUA) and Excess Share Insurance Corporation (ESI)
• No monthly fees

Rules:

• The dividend is compounded and credited on a monthly basis
• Complete the term to avoid penalties

Best 3 Year CD Rates

While exploring the medium-term investment opportunities, the best 3-year CD rates in Sacramento present an attractive option for those who are willing to part with their funds for a slightly longer period.

1. CFG Bank  

Minimum Amount: $500

APY / Rate: 4.60%

Pros:

• High yield credit deposit option
• Low minimum balance
• No monthly fee
• Interest remains on deposits

Rules:

• Interest is accrued daily and credited to account on monthly basis
• Early withdrawal of interest incurs penalty
• Grace period to auto roll or withdraw on maturity

2. M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.48%

Pros:

• Top-tier APY rate
• Low minimum balance 
• Interest is calculated on deposit until maturity
• FDIC insured

Rules:

• Interest is calculated monthly, compounded and added to the account
• There is a penalty on premature withdrawal

3. Bread Savings

Minimum Amount: $1,500.00

APY / Rate: 4.00% APY

Pros:

• Hassle-free account opening
• Best reinvestment options available
• $1 million per account and $10 million limit per customer maximum deposit limit
• No hidden fees
• Free monthly maintenance
• Auto-renew facility available

Rules:

• Interest is accrued and compounded on daily basis and credited to the account on a monthly basis

Best 5 Year CD Rates

For long-term savers aiming to maximize their interest earnings, the best 5-year CD rates in Sacramento are available to meet the interest needs of the investors.

1. Department of Commerce Federal Credit Union

Minimum Amount: $500

APY / Rate: 4.70%

Pros:

• High rate of interest
• Low minimum balance
• No monthly fees
• Relationship reward benefits  additional .25% based on number of products
• NCUA insured

Rules:

• Adding funds during the term of  CD is not allowed
• Premature withdrawal has a penalty
• Interest is accrued daily and credited to account on monthly basis
• 10 days grace period to make changes in the CD without Penalty

2.  Capital One

Minimum Amount: 0.00

APY / Rate: 4.25% APY

Pros:

• No minimum balance
• FDIC insured investment
• No risk investment
• 5 minutes account opening facility

Rules:

• Daily interest accrual which is monthly compounded and credited to the account
• The interest can be withdrawn on the end of term, monthly or annually basis.

    4. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75%

Pros:

• Hassle free account opening
• Competitive rates
• No hidden fees
• Free monthly maintenance

Rules:

• Interest is accrued and compounded daily
• CD is auto renewed on maturity after 10 days of grace period
• Penalty imposed on early withdrawal

Economic Statistics: Sacramento, California

Sacramento, California, as the state capital, and its economic statistics paint a picture of growth and opportunity at the same time. This is particularly relevant for those considering CD investments.

• Sacramento’s population is over 500,000, making it the sixth-largest city in California. This growing population supports a dynamic economic environment, with a demand for banking and financial services, including competitive CD rates.
• Moreover, the average household income in Sacramento is a critical factor for potential investors and savers to consider. As of recent information, the median household income in Sacramento is approximately $65,000. This figure is crucial for financial institutions when setting CD rates, as it influences the saving capacity of the residents.
• On the broader side, the real estate market in Sacramento has seen significant growth, with the average home value in the city being around $400,000. This increase in home values is considerable for the potential for further growth. It influences how residents might invest their savings along with the CDs.

a	Value	Context
Population	Over 500,000	Reflects Sacramento’s status as a key economic hub in California.
Average Household Income	$65,000	Influences the saving capacity and investment appetite of residents.
Average Home Value	$400,000	Indicates the city’s economic vitality and potential for growth.

For all those who are interested in the best CD rates in Sacramento, these economic statistics underline the importance of understanding the local financial landscape.

How to Get Best CD Rates in Sacramento, California

Getting the best CD rates in Sacramento, California, requires a mix of research, timing, and strategy. Here are steps to guide you in securing the most favorable rates for your investment:

1. Research and Compare
2. Understand the Terms
3. Check Credit Unions and Online Banks
4. Negotiate Your Rate
5. Consider Laddering
6. Stay Informed About Economic Trends
7. Monitor Special Offers
8. Use Online Tools and Alerts

CD Rates Methodology

When evaluating and compiling a list of the best CD rates, we employ a comprehensive methodology that ensures transparency and reliability. Here is an outline of a possible methodology that is used to review the CD rates from various financial institutions, including how 76 banks’ CD rates were reviewed and how 40 of them made the list for your kind consideration.

1. Started by identifying a wide range of banks, including major national banks, regional banks, and online banks, that offer CDs to consumers.
2. Collected data on the CD rates offered by each of these banks
3. Compared the collected CD rates across all banks for each term length.
4. Established a set of criteria for a bank’s CD rates to be included in the list.
5. Applied the established criteria to the initial list of 76 banks. This process helps in identifying which banks stand out for their CD rates and terms. In this case, 42 banks met the criteria and made the list, indicating they offer competitive rates and favorable terms for savers.

This methodology ensures a thorough and fair evaluation of CD rates. It provides the consumers with a reliable list of banks where they can find the best returns on their investments.

Conclusion

In conclusion, navigating the landscape of CD rates in Sacramento, California, requires strategic planning. With a diverse array of financial institutions offering competitive rates, from local credit unions to online banks, investors have ample opportunities to find options that best suit their financial goals.

On the whole, by staying informed, leveraging available tools, and considering your financial horizon, you can maximize your returns in a secure and predictable manner.

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