Poppy Bank is a highly regarded bank that aims to provide the best financial services that meet all of your banking needs. Whether you need customer service, immediate access, or must make a deposit, Poppy Bank is readily available to provide a positive banking experience. 

This set of writing is precisely managed to provide you with deeper authentication about Poppy Bank CD Rates.

Poppy Bank CD Rates Offers

Poppy Bank CD Rates Offers, with complete detail of the time duration and APY are;

3-Month CD

  • Minimum Balance Requirement: $1,000
  • Interest Rate: 2.96%
  • Annual Percentage Yield: 3.00%
  • Early Withdrawal Penalty: 3.00% of principal withdrawn prior to maturity

Key Considerations

  • It automatically renews at maturity, providing convenience for those who prefer a hands-off approach.
  • Online/mobile banking access is free, and statements are generated quarterly.

Pros & Cons

Short-term commitmentLower interest rate (2.96%)

6-Month CD

  • Minimum Balance Requirement: $1,000
  • Interest Rate: 4.88%
  • Annual Percentage Yield: 5.00%
  • 3.00% of principal withdrawn prior to maturity

Key Considerations

  • Like the 3-month CD, it automatically renews at maturity and offers free online/mobile banking access.

Pros & Cons

Moderate-term durationEarly withdrawal penalty (3.00%)
Competitive interest rateLimited access to funds

9, 12-Month CD

  • Minimum Balance Requirement: $1,000
  • Interest Rate: 4.88%
  • Annual Percentage Yield: 5.00%

Key Considerations

  • Similar to the 6-month CD, but with a 9 & 12 -month duration.

Pros & Cons

Automatic RenewalQuarterly statements

Are Poppy Bank CD Rates Competitive?

Poppy Bank CD terms, the rates offered are highly competitive, especially when considering the current market conditions.

  • The 6-month, 9-month, and 12-month CD terms, with interest rates of 4.88% and Annual Percentage Yields (APYs) of 5.00%, are notably competitive.

These rates compare favorably with industry standards and may attract investors seeking a balance between a reasonable investment horizon and competitive returns. Additionally;

  • The automatic renewal feature
  • Free online/mobile banking access
  • Quarterly statements

Enhance the overall appeal of Poppy Bank’s CD offerings. However, individuals should carefully evaluate their financial goals and liquidity needs before committing to any CD, taking into account factors such as early withdrawal penalties and the specific terms of each CD.

Overview Poppy Bank

Poppy Bank offers many flexible banking options that help grow your finances and maintain a smart organization. Poppy Bank is recognized as one of the most highly regarded banking institutions nationwide. Poppy Bank prioritizes your financial security by providing a strong network that is always reliable. 

It would help if you were relieved that Poppy Bank is a highly regarded financial institution that works hard at providing you with a quality banking service that is safe and secure to use. You can access your funds regardless of virtual or physical locations. This makes it a diverse technological system that helps you maintain the most accurate depiction of your current financial standing.


When you are applying for a CD, you need to be a member of the Poppy Bank to open a CD.  This means that you will need to open a checking or savings account.  You should make sure that you have all of your identifying paperwork that improves this process.  

This means you will need your employment information, social security number, driver’s license, birth date, home address, and telephone number for your account certification to process successfully.  

Locations Poppy Bank

Branches in California

The branches in California are:

Poppy Bank is available in Alameda, Corte Madera, Costa Mesa, Los Angeles, Menlo Park, Milpitas, Petaluma, Pleasanton, Roseville, Santa Rosa, Walnut Creek, Windsor

All of these branches are fully operational and have readily available staff to answer any questions and solve any problem you may be having with your account. You can trust and rely upon that all of your financial information is stored safely within these branches. 

Choose any local California branch to help you navigate your finances. 

Frequently Asked Questions

What is the interest rate for the 3-month Poppy Bank CD?

The interest rate for the 3-month Poppy Bank CD is 2.96%, with an Annual Percentage Yield (APY) of 3.00%.

Can I add funds to my Poppy Bank CD during its term?

No, Poppy Bank CDs generally do not allow additional funds to be added during the term. The initial deposit is typically the amount that accrues interest until maturity.

How are interest payments handled for Poppy Bank CDs?

Interest for Poppy Bank CDs is typically compounded, meaning it is added to the principal, and account holders receive the total amount at the end of the term or upon renewal.

Are Poppy Bank CD rates fixed or variable?

Poppy Bank CD rates are typically fixed for the term. This means that the interest rate and APY remain constant from the time of account opening until maturity.

Can I choose not to renew my Poppy Bank CD at maturity?

Yes, account holders have the option to choose not to renew their Poppy Bank CD at maturity. It’s important to communicate your decision to the bank before the renewal date.