Highest California CD Rates

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    One-year CDs

    • In general, the fewer number of years your CD is carried, the lower the interest rate. As of 2010, Ally Bank offers a 1.63 simple interest rate, yielding an annual interest rate of 1.64 with interest compounded daily. There is no minimum deposit and no fees.

      Metlife Bank offers a 1.29 simple interest rate, providing an annual rate of 1.30 with interest compounded daily. Minimum deposit is $25,000

      Citibank's CD rates are 1.00 simple interest, yielding an annual interest rate of 1.01 with interest compounded daily. Minimum deposit is $500.

    Two-year CDs

    • Ally Bank's two-year CDs offer a 2.03 simple interest rate, yielding an annual interest rate of 2.05 with interest compounded daily. There is no minimum deposit and no fees.

      Metlife's CD rates are 1.83 simple interest, yielding an annual interest rate of 1.85 with interest compounded daily. Minimum deposit is $25,000.

      Citibank's rates are 1.14 simple interest, 1.15 annually and requires a $500 minimum deposit.

    Five-year CDs

    • Ally Bank CD rates are 3.10 simple interest, yielding an annual rate of 3.15 with interest compounded daily. Minimum deposit is $25,000.

      Citibank offers interest rates of 2.47 simple interest, yielding an annual interest rate of 2.50 with interest compounded daily and a $500 minimum deposit.

      Bank of America's five-year CDs have interest rates of 2.23 simple interest, an annual rate of 2.25 with interest compounded monthly and a $1,000 minimum deposit.

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