Best 5 Year CD Rates in Long Beach, California
The current national average 5 year CD rate is 2.27 percent this week. Granted, even five year rates are not that great these days considering back in 2008 you could find 12 month CD rates more than double the current five year rate. The interest rate increases that looked likely to happen earlier this year now might happen in the fourth quarter or early next year. The reason being is the financial trouble in Europe might derail the world economic recovery.
Looking for the highest CD rates? Use our CD rate tables at CDRates.MonitorBankRates.com to find the highest bank CD rates and credit union CD rates in your area.
Although the national average rates are dismal, we have 5 year CD rates listed on our CD rate tables that are higher than the national average rate. We have compiled a list of the top 5 year CD rates from banks and credit unions in Long Beach, CA.
EverBank has the highest 5 year CD rate on our list of best CD rates in Long Beach. The bank's current 5 year CD rate is 3.09 percent with an annual percentage yield of 3.14 percent. The minimum opening certificate of deposit account balance is $1,500.
Tennessee Commerce Bank and Nationwide Bank are tied for second on the list of best CD rates. Both banks are currently offering 5 year bank CD rates at 3.01 percent with an APY of 3.05 percent. The minimum opening certificate of deposit account balance is $2,500. Nationwide Bank's minimum opening deposit is $10,000.
Fourth on list of best CD rates is Pentagon Federal Credit Union (PenFed). Their current 5 year CD rate is 2.96 percen with an APY of 3.00 percent. The minimum opening deposit to receive this APY for a 5 year CD account is $1,000.
Best CD Rates in Long Beach, California
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