View Rates

Deal Summary

60-month CD, 1.05% APY, minimum deposit $1000, dividends paid upon maturity

Luther Burbank’s Top CD Rates

Luther Burbank’s top CD rate is 1.05% APY. This rate is offered on the credit union’s 60-month CD with a minimum deposit of $1000. The dividends earned on this CD are paid upon maturity.

The 24-month CD is a great alternative. The account offers an 1.75% APY with a $1000 minimum deposit. This account also pays you your dividends upon maturity.

For short-term investors the credit union offers a 3 to 5-month CD. This CD offers an annual percentage yield of 0.75%. This CD is also obtainable with a $1000 minimum deposit. Again, the dividends here are paid upon maturity.

Luther Burbank offers eight CDs. Each of these CDs can be opened with a $1000 minimum deposit. You are always welcome to invest more, but you don’t have to. These CD terms vary from 3 to 60-months. The APY starts at 0.75% and builds to 1.05%. Each of Luther Burbank’s CD accounts is subject to early withdrawal penalties.

Availability

You must be a member of the Luther Burbank to open a CD. This means that you will need to open a checking or savings account. To do so, reach out to the bank for more information.

Branches in California

Beverly Hills, El Segundo, Encino, Long Beach, Los Altos, Pasadena, San Jose, San Rafael, Santa Rosa, and Toluca Lake.

Bank Overview

Luther Burbank first opened their stores in 1983. The bank is named after Luther Burbank, who was an American botanist, horticulturist and pioneer in agricultural science, who lived and worked in Santa Rosa, California.

His legacy lives on in the form of the bank, which has since grown immensely and have over 280 employees and $7.1 billion in assets. Luther Burbank’s goal is to help their clients reach all of their financial goals whether it be for your home, your business, your real estate portfolio, your dreams for the future.

The bank offers several services including competitive rates on both savings and lending products, excellent customer service, and even affordable housing loan programs. They also have something called Grow loan Program that are there to make purchasing and refinancing a home much easier for clients.

They offer a competitive fixed rate with a low down payment and no mortgage insurance requirement. This program is available for first time home owners as well as the Daisy Program which is a forgivable second trust deed loan.

The WISH program, otherwise known as The Workforce Initiative Subsidy for Homeownership also provides grants to qualified first-time homeowners to use towards a down payment on a home.