CalFirst Bank or California First National Bank, based out of Irvine, California, is an FDIC insured online bank that can accept deposits from consumers around the country. They offer personal banking products including CDs, Money Market Accounts, High-Interest Savings and High-Interest Checking Accounts.

CD Rate Policies:

Regular CD: Minimum deposit of $5,000.00 is required. The minimum balance required to obtain the APY shown is $5,000.00.

IRA CD: Minimum deposit of $2,000.00 is required. The minimum balance required to obtain the APY shown is $2,000.00.

CalFirst Bank’s Current CD Rates:

  • 3 month CD yielding 0.80% APY
  • 6 month CD yielding 1.00% APY
  • 1 year CD yielding 1.30% APY
  • 2 year CD yielding 1.70% APY
  • 3 year CD yielding 1.90% APY

* If you are opening one of these as IRA CD’s the minimum deposit required is just $2,000.

* Penalty will be imposed for early withdrawal.

California First National Bank’s Interest Checking Rates:

CalFirst offers a high-interest checking account for accounts over $2,499.99 and pays 0.50% APY every month.

California First National Bank’s Savings Rate:

CalFirst offers a savings account for deposits over $1,000.00 and pays 1.10%.

California First National Bank’s Money Market Account Rates:

Their Money Market Account rate closely resembles their savings and checking accounts. They pay 1.10% APY rate on all balances over $5,000.00.

Minimum deposit of $5,000.00 is required to open the account. Interest does not compound. Interest is paid monthly. Interest is paid on the actual daily balance according to the following tiers: