Best CD Rates in San Francisco, California

In the vibrant surroundings of San Francisco, California, choosing and finding the best CD rates is a golden opportunity for all those who look to grow their money securely.

For residents and investors alike, searching for the top CD rates in San Francisco is not just about securing an investment; it is about making a smart financial choice that aligns with the city’s dynamic pace.

For the keen overview, let’s explore the best CD rates in this city that could be your next step towards financial empowerment.

Overall Best CD rates in San Francisco, California

No.	Name of the Bank	APY %	Term Length (month)	Address
1	City National Bank	5.10%	3-month	50 Fremont St San Francisco, CA 94105
2	Northern Trust Company	5.10%	3-month	580 California St San Francisco, CA 94104
3	SchoolsFirst Federal  Credit Union	5.00%	13-month	2115 N. Broadway, Santa Ana, CA 92706
4	Diablo Valley Federal  Credit Union	5.00%	6-month	Online
5	Presidio Bank	4.75%	18-month	Serving the San Francisco Bay Area
6	Meriwest Credit Union	4.65%	12-month	Serves the San Francisco Bay Area
7	Mission Federal Credit  Union	4.65%	12-month	No specific San Francisco location
8	Wells Fargo Bank,  National Association	4.50%	3-month	333 Market St San Francisco, CA 94105
9	Technology Credit Union  (Tech CU)	4.45%	12-month	2010 N. First Street, Suite 200, San Jose, CA 95131
10	North Bay Credit Union	4.35%	12-month	1010 Grant Avenue, Novato, CA 94945
11	PenFed Credit Union	4.20%	3-month	Online
12	Fremont Bank	4.17%	3-month	200 Townsend St San Francisco, CA 94107
13	Sterling Bank & Trust	4.01%	6-month	400 Montgomery St, San Francisco, CA 94104
14	River City Bank	4.00%	18-month	Online
15	Bank of America, National  Association	3.93%	3-month	555 California St San Francisco, CA 94104
16	SF Fire Credit Union	3.93%	3-month	3201 California Street, San Francisco, CA 94118
17	Pacific National Bank	3.68%	6-month	Online
18	Community First Credit  Union	3.50%	5-month	1105 N Dutton Ave, Santa Rosa, CA 95401
19	Preferred Bank	3.44%	3-month	600 California St San Francisco, CA 94108
20	San Francisco Fire Credit Union	3.44%	3-month	3908 24th St San Francisco, CA 94114
21	Bank of San Francisco	3.26%	24-month	575 Market Street, Suite 2400, San Francisco, CA 94105
22	Redwood Credit Union	3.00%	12-month	3033 Cleveland Avenue, Santa Rosa, CA 95403.
23	Golden 1 Credit Union	2.96%	3-month	1560 3rd St San Francisco, CA 94158
24	S.F. Police Credit Union	2.96%	3-month	2550 Irving St San Francisco, CA 94122
25	Redwood Credit Union	2.72%	3-month	1390 Market St San Francisco, CA 94102
26	First Tech Federal Credit  Union	2.50%	12-month	1011 Sunset Blvd, Rocklin, CA 95765
27	Summit Bank	2.50%	6-month	serving the San Francisco Bay Area
28	Star One Credit Union	2.43%	12-month	1306 Bordeaux Dr., Sunnyvale, CA 94089
29	Technology Credit Union	2.23%	3-month	1449 Mission St San Francisco, CA 94103
30	Provident Credit Union	2.08%	60-month	303 Twin Dolphin Drive, Redwood City, CA 94065
31	New Resource Bank	2.00%	18-month	Online
32	Exchange Bank	2.00%	24-month	545 Fourth Street, Santa Rosa, CA 95401
33	PrivateBank and Trust  Company	1.80%	3-month	101 2nd St San Francisco, CA 94105
34	Bridge Bank	1.75%	36-month	Online
35	California Bank &  Trust	1.18%	11-month	San Francisco Bay Area.
36	Stanford Federal Credit Union	1.06%	24-month	1860 Embarcadero Road, Palo Alto, CA 94303.
37	American River Bank	1.04%	15-month	services extend to San Francisco.
38	Plumas Bank	0.06%	6-month	Online
39	Alliant Credit Union	N/A	N/A	Online

Current CD Rates of San Francisco, California

In San Francisco, California, the current CD rates balance the risk and return within the city’s dynamic economic environment. In this diverse landscape, securing competitive CD rates becomes crucial for those who want to preserve their capital while earning a steady, predictable return.

In this regard, some of the most committed options is described below;

Best 6-Month CD Rates

For those seeking short-term investment opportunities with a quick return, the best 6-month CD rates in the market offer an appealing blend of safety and profitability.

1. CommunityWide FCU

Minimum Amount: $1.000.00

APY / Rate: 3.25% APY

Pros:

• NCUA Insured to at least $250,000
•  Dividend can be compounded in certificates / deposited to another share/ transferred to another institution
•  Option to renew on the maturity

Rules:

• Any withdrawal before maturity is charged with a penalty
• Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
• Dividends are paid at the end of the month

2. Quontic Bank

Minimum Amount: $500.00

APY / Rate: 2.25% APY

Pros:

• Instant account opening
• Low minimum balance
• FDIC insured

Rules:

• Interest is compounded daily and credited to the account at the end of every month
•   A periodic rate is applied to the balance (principal + interest) in the account
• CD can be withdrawn upon maturity within 10 days after which, it is automatically renewed on the same terms.

3. PenFed Credit Union

Minimum Amount: $1,000.00

APY / Rate: 2.00% APY

Pros:

• Easy renewal without any conditions
• Can be accessed at the branch, mobile or online
• Insured by NCUA insurance

Rules:

• Dividends are calculated on a simple interest basis
• Monthly dividends are paid on CD maturity

Best 1-Year CD Rates

Exploring the best 1-year CD rates reveals a strategic choice for the investors who want to achieve slightly higher yields than shorter-term CDs.

1. Blue FCU

Minimum Amount: $1.00

APY / Rate: 4.60% APY

Pros:

• Nationwide available bank
• No penalty for early withdrawal
• Can withdraw after 7 days of the opening date
• FDIC insured

Rules:

• Interest is compounded daily and credited to the account at the end of the month

2. Bread Savings

Minimum Amount: $1,500.00

APY / Rate: 4.00% APY

Pros:

• $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 every month

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

When considering the best 2-year CD rates, investors find a middle ground between short and longer-term investments. It offers a balance of enhanced interest rates and flexibility.

1. Marcus by Goldman Sachs

Minimum Amount: 4.25% APY

APY / Rate: $500.00

Pros:

• Instant account opening
• Low minimum balance requirements
• All seven days of customer support

Rules:

• Interest is accrued daily and compounded at the end of the month
• No penalty withdrawal is available on the interest amount

2. 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

3. Genisys Credit Union

Minimum Amount: $500.00

APY / Rate: 4.58% APY

Pros:

• A low minimum balance is required to open an account
• Higher APY than most of the banks
• Hassle-free account opening

Rules:

• Maintain a minimum balance of $500 to earn the interest
• Interest is compounded and credited to the account on a monthly basis.

Best 3-Year CD Rates

The best 3-year CD rates are convenient for the longer investment period without extending too far into the future.

1. 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

2. Synchrony Bank

Minimum Amount: $0.01%

APY / Rate: 4.26% APY

Pros:

• No minimum balance
• Minimum penalty on early withdrawal
• Interest can be withdrawn anytime without penalty
• FDIC insured up to $250,000

Rules:

• Monthly Interest calculation and account credit
• No minimum balance is required to earn the interest
• A penalty amount is charged on early withdrawals

3. First National Bank of America

Minimum Amount: $1,000.00

APY / Rate: 4.10% APY

Pros:

• High APY and interest rates
• Easy account opening procedure
• FDIC insured
• BBB accredited business

Rules:

• You must maintain a minimum balance of $1000 to earn APY
• Interest is added to the account every end of month

Best 5-Year CD Rates

For the long-term, the investors focus on maximizing their interest earnings. In this regard, the best 5-year CD rates stand out as the premium choice.

1. Popular Direct

Minimum Amount: $10,000.00

APY / Rate: 4.35% APY

Pros:

• One of the highest APY
• 24X7 account access
• FDIC insured deposits
• 24/7 customer support

Rules:

• Minimum balance of $10000 must be maintained in the account to earn interest
• Interest is accrued and compounded monthly and transferred to the account at the end of month.
• Premature withdrawal are exposed to penalty

2. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.26% APY

Pros:

• Best APY rate
• No minimum balance required
• High yield savings options
• No penalty on premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn interest.
• Also no penalty on premature withdrawals.

3. Barclays

Minimum Amount: $0.00

APY / Rate: 4.25% APY

Pros:

• One of the biggest banks in America
• No minimum balance required
• Easy fund transfer
• No monthly fees

Rules:

• Fund must be added to the account within 14 days of opening
• To earn interest minimum $0.01 balance must be maintained
• Interest is compounded on monthly basis

Economic Statistics for San Francisco, California

San Francisco, California, stands as a platform of economic strength and diversity.

For investors and savers, understanding the city’s economic backdrop is crucial when navigating the CD market to make informed decisions.

As of the latest statistics, San Francisco boasts a significant average household income, reflective of its thriving economy and high cost of living. The average home value in the city underscores the premium real estate market that is driven by demand of the city.

Moreover, with a population that embodies a wide range of professionals, from tech innovators to creative minds, San Francisco’s demographic is a testament to its dynamic and forward-thinking spirit.

Economic Indicator	Insight for CD Investors/Savers
Average Household Income	Higher incomes may lead to more competitive CD rates as banks seek to attract deposits from wealthier clients.
Average Home Value	High property values reflect a strong real estate market, influencing financial institutions to offer attractive CD rates.
Population	A diverse and substantial population suggests a dynamic economy, potentially affecting the availability of higher CD rates.

Given these economic indicators, investors can gauge the potential for CD investments within the context of the city’s financial health. Higher average incomes and property values suggest a market where higher CD rates could be more commonly found.

How to Get Best CD Rates in San Francisco, California

To secure the best CD rates in San Francisco, California, savers and investors should adopt a proactive and informed approach.

•   Start by comparing rates from a variety of financial institutions, including banks, credit unions, and online platforms, as these entities often offer different rates based on their operational needs and market positioning.
• Paying attention to promotional offers and rate specials is crucial, as is considering the timing of your investment, since rates can fluctuate based on economic conditions.
•  Building a relationship with your banking institution can also lead to better offers, and staying informed about the local economic climate will provide insight into potential rate changes.
• Additionally, leveraging online financial comparison tools can streamline the process, offering a broad view of the market at a glance.

Apart from all this, by employing these strategies, individuals can enhance their chances of finding the most competitive CD rates in the diverse economic landscape of San Francisco.

CD Rates Methodology

The methodology behind reviewing Certificate of Deposit rates involves a comprehensive analysis of offerings from a broad spectrum of financial institutions.

In this particular study, 75 banks were scrutinized for their CD rates. Out of these, 39 banks made the list, having been identified for offering the most competitive rates in the market. This selection process is indicative of a rigorous criteria set, which likely includes factors such as the interest rates offered, the terms and conditions of the CD.

This approach displays the importance of thorough research and comparison in financial decision-making for San Francisco, California.

Conclusion

For investors, the journey to securing the best CD rates is facilitated by a blend of research, awareness of market trends, and an appreciation for personal financial goals.

In this dynamic financial environment, the pursuit of the best CD rates is not just about finding a safe route for your savings, but about making a smart investment that aligns with both your immediate needs and future aspirations.

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