CalFirst Bank Certificates of Deposit

California First National Bank (CalFirst Bank) is offering certificates of deposit with terms ranging from 3 months to 36 months. The rates and yields are for regular certificate of deposit accounts and IRA certificate of deposit accounts.

The certificate of deposit rates are not the best CD rates around but they still beat the national average. The minimum opening deposit for a regular certificate of deposit account at CalFirst Bank is $5,000. IRA certificate of deposit accounts have a $2,000 minimum opening deposit.

The bank's shortest term certificate of deposit, the 3 month CD currently has a CD rate of .80 percent with an annual percentage yield(APY) of 0.80 percent. The 6 month CD interest rate isn't the highest CD rate around but it is almost double the national average 6 month rate of 0.42 percent.

The bank's current 6 month CD rate and yield is 1.00 percent whereas the current national average 6 month CD rate is 0.76 percent. The current 12 month certificate of deposit rate is 1.29 percent with an APY of 1.30 percent. The 12 month rate is 0.26 percent higher than the national average 12 month CD rate.

The current 24 month CD rate is 1.69 percent with an APY of 1.70 percent. The current national average 24 month CD rate is 1.48 percent. CalFirst Bank's 36 month CD rate matches the current national average rate. The bank's 36 month CD rate is 1.88 percent with an APY of 1.90 percent. The average 36 month rate is 1.89 percent.

All accounts are insured by the Federal Deposit Insurance Corporation for up to $250,000. The Bank's FDIC Cert number is 35331. For more information about California First National Bank and current CD rates visit: CalFirst.

Author: Lisa Graham
March 21st, 2010

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