California CD Rates 2023

Below are the best one-year CD Rates from banks in California. One-year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

CA - June 2, 2023

1 Year CD National Average : 0.47% ^?

Advertiser Disclosure

Banks	APY	MIN	MILES ^?

Forbright Bank	5.20%	$1,000	-	Learn More on the Forbright Bank website
Start earning 5.20% APY with a high-yield CD that supports a greener economy. Easy signup. FDIC-insured.
Discover Bank	4.75%	$2,500	-	Learn More on the Discover Bank website
Guaranteed returns. No account fees. Member FDIC.
M.Y. Safra Bank	5.20%	$500	-	Learn More Reviews (6)
Merrick Bank	5.20%	$25,000	-	Learn More Reviews (1)
Warning: Early Withdrawal Penalty is 2% of the account balance.
Bask Bank	5.00%	$1,000	-	Learn More Reviews
First Foundation Bank	4.75%	$2,500	-	Learn More Reviews (44)
Beal Bank USA	4.65%	$1,000	-	Learn More Reviews (3)
Beal Bank	4.65%	$1,000	-	Learn More Reviews
Community Commerce Bank	4.61%	$10,000	-	Learn More Reviews (2)
HSBC Bank USA, National Association	4.50%	$1,000	-	Learn More Reviews (3)
CTBC Bank Corp. (USA)	4.30% 0.40%	$5,000 $4,999	-	Learn More Reviews
Capital One, National Association	4.15%	$1,000	-	Learn More Reviews (13)
Citibank, National Association	4.05% 0.05%	$500 $501	-	Learn More Reviews (11)
Blue Foundry Bank	4.00%	$1,000	-	Learn More Reviews
TD Bank, National Association	3.75% 1.00%	$10,000 $10,000	-	Learn More Reviews (1)
JPMorgan Chase Bank, National Association	3.75% 3.25%	$100,000 $10,000	-	Learn More Reviews (18)
State Bank of India (California)	3.44%	$1,000	-	Learn More Reviews
Wells Fargo Bank, National Association	2.00% 1.50%	$100,000 $25,000	-	Learn More Reviews (7)
Sterling Bank and Trust, FSB	1.90%	$500	-	Learn More Reviews (1)
American Plus Bank, N.A.	1.85%	$1,000	-	Learn More Reviews
Hingham Institution for Savings	1.65%	$1,000	-	Learn More Reviews
PCB Bank	1.26%	$1,000	-	Learn More Reviews
Habib American Bank	1.20%	$1,500	-	Learn More Reviews (2)
California International Bank, N.A.	0.97%	$10,000	-	Learn More Reviews
Summit State Bank	0.90%	$10,000	-	Learn More Reviews
Nano Banc	0.80%	$100,000	-	Learn More Reviews
EverTrust Bank	0.80%	$100,000	-	Learn More Reviews (3)
Balboa Thrift and Loan Association	0.80%	$10,000	-	Learn More Reviews
Golden Valley Bank	0.75%	$100,000	-	Learn More Reviews
United Pacific Bank	0.75%	$100,000	-	Learn More Reviews
Community Bank of Santa Maria	0.75%	$100,000	-	Learn More Reviews
First Credit Bank	0.75%	$100,000	-	Learn More Reviews (1)
Shinhan Bank America	0.70%	$10,000	-	Learn More Reviews (1)
American First National Bank	0.65%	$100,000	-	Learn More Reviews
Community Bank of the Bay	0.65%	$100,000	-	Learn More Reviews
EverTrust Bank	0.65%	$10,000	-	Learn More Reviews (3)
US Metro Bank	0.65%	$100,000	-	Learn More Reviews
Partners Bank of California	0.65%	$100,000	-	Learn More Reviews
United Pacific Bank	0.65%	$10,000	-	Learn More Reviews
Wallis Bank	0.65%	$100,000	-	Learn More Reviews
Hanmi Bank	0.65%	$100,000	-	Learn More Reviews
First General Bank	0.65%	$100,000	-	Learn More Reviews
First Western Trust Bank	0.61%	$10,000	-	Learn More Reviews
Mega Bank	0.60%	$100,000	-	Learn More Reviews
Murphy Bank	0.60%	$10,000	-	Learn More Reviews (3)
First Federal Savings and Loan Association of San Rafael	0.60%	$10,000	-	Learn More Reviews
BEACON BUSINESS BANK, NATIONAL ASSOCIATION	0.60%	$100,000	-	Learn More Reviews
American First National Bank	0.60%	$10,000	-	Learn More Reviews
Mission National Bank	0.60%	$100,000	-	Learn More Reviews
Manufacturers Bank	0.55%	$10,000	-	Learn More Reviews
Nano Banc	0.55%	$10,000	-	Learn More Reviews
Community Valley Bank	0.55%	$100,000	-	Learn More Reviews (1)
COMMONWEALTH BUSINESS BANK	0.55%	$10,000	-	Learn More Reviews (1)
Community Bank of the Bay	0.55%	$10,000	-	Learn More Reviews
Wallis Bank	0.55%	$10,000	-	Learn More Reviews
Gateway Bank, F.S.B.	0.50%	$1,000	-	Learn More Reviews
Home Bank of California	0.50%	$10,000	-	Learn More Reviews
Poppy Bank	0.50%	$1,000	-	Learn More Reviews
First Credit Bank	0.50%	$10,000	-	Learn More Reviews (1)
Partners Bank of California	0.50%	$10,000	-	Learn More Reviews
Industrial and Commercial Bank of China USA, National Association	0.50%	$100,000	-	Learn More Reviews
Fresno First Bank	0.50%	$100,000	-	Learn More Reviews
Golden Bank, National Association	0.50%	$100,000	-	Learn More Reviews
US Metro Bank	0.50%	$10,000	-	Learn More Reviews
Golden State Bank	0.50%	$100,000	-	Learn More Reviews
USAA Federal Savings Bank	0.50%	$1,000	-	Learn More Reviews (2)
Bank of Hope	0.50%	$100,000	-	Learn More Reviews (1)
Hanmi Bank	0.50%	$10,000	-	Learn More Reviews
Luther Burbank Savings	0.50%	$1,000	-	Learn More Reviews
Pacific Premier Bank	0.50%	$10,000	-	Learn More Reviews (1)
Community Bank of Santa Maria	0.45%	$10,000	-	Learn More Reviews
Golden Bank, National Association	0.45%	$10,000	-	Learn More Reviews
Industrial and Commercial Bank of China USA, National Association	0.45%	$100,000	-	Learn More Reviews
Universal Bank	0.45%	$100,000	-	Learn More Reviews
Fresno First Bank	0.45%	$10,000	-	Learn More Reviews
Western Alliance Bank	0.45%	$100,000	-	Learn More Reviews
Mission Bank	0.42%	$100,000	-	Learn More Reviews
California Business Bank	0.40%	$10,000	-	Learn More Reviews
Mission National Bank	0.40%	$10,000	-	Learn More Reviews
Industrial and Commercial Bank of China USA, National Association	0.40%	$2,500	-	Learn More Reviews
Open Bank	0.40%	$10,000	-	Learn More Reviews
Citizens Business Bank	0.40%	$100,000	-	Learn More Reviews
Monterey County Bank	0.40%	$10,000	-	Learn More Reviews
Tustin Community Bank	0.40%	$10,000	-	Learn More Reviews
Malaga Bank F.S.B.	0.40%	$100,000	-	Learn More Reviews
Bank of Hope	0.40%	$10,000	-	Learn More Reviews (1)
Avidbank	0.40%	$100,000	-	Learn More Reviews
Golden State Bank	0.40%	$10,000	-	Learn More Reviews
Bank of Stockton	0.40%	$10,000	-	Learn More Reviews
Banc of California, National Association	0.40%	$10,000	-	Learn More Reviews
Umpqua Bank	0.40%	$10,000	-	Learn More Reviews (2)
EH National Bank	0.35%	$100,000	-	Learn More Reviews
Neighborhood National Bank	0.35%	$10,000	-	Learn More Reviews
Metropolitan Bank	0.35%	$100,000	-	Learn More Reviews
CalPrivate Bank	0.35%	$100,000	-	Learn More Reviews
Western Alliance Bank	0.35%	$10,000	-	Learn More Reviews
United Business Bank	0.35%	$100,000	-	Learn More Reviews (1)
United Security Bank	0.35%	$100,000	-	Learn More Reviews
Citizens Business Bank	0.35%	$10,000	-	Learn More Reviews
EH National Bank	0.30%	$10,000	-	Learn More Reviews
Bank of Southern California, N.A.	0.30%	$100,000	-	Learn More Reviews
Universal Bank	0.30%	$10,000	-	Learn More Reviews
Farmers and Merchants Bank of Long Beach	0.30%	$10,000	-	Learn More Reviews
Metropolitan Bank	0.30%	$10,000	-	Learn More Reviews
Amalgamated Bank	0.30%	$10,000	-	Learn More Reviews
CalPrivate Bank	0.30%	$10,000	-	Learn More Reviews
Malaga Bank F.S.B.	0.30%	$10,000	-	Learn More Reviews
Beneficial State Bank	0.30%	$10,000	-	Learn More Reviews (1)
Bank of the Orient	0.30%	$100,000	-	Learn More Reviews
Umpqua Bank	0.30%	$10,000	-	Learn More Reviews (2)
Armed Forces Bank, National Association	0.30%	$10,000	-	Learn More Reviews (2)
Endeavor Bank	0.30%	$100,000	-	Learn More Reviews
Commercial Bank of California	0.30%	$100,000	-	Learn More Reviews
BEACON BUSINESS BANK, NATIONAL ASSOCIATION	0.30%	$10,000	-	Learn More Reviews
First General Bank	0.30%	$10,000	-	Learn More Reviews
Cathay Bank	0.30%	$50,000	-	Learn More Reviews
Avidbank	0.27%	$10,000	-	Learn More Reviews
Mission Bank	0.27%	$10,000	-	Learn More Reviews
Asian Pacific National Bank	0.25%	$10,000	-	Learn More Reviews
C3bank, National Association	0.25%	$10,000	-	Learn More Reviews
Bank of Southern California, N.A.	0.25%	$10,000	-	Learn More Reviews
Pinnacle Bank	0.25%	$10,000	-	Learn More Reviews
Santa Cruz County Bank	0.25%	$10,000	-	Learn More Reviews
Banner Bank	0.25%	$10,000	-	Learn More Reviews (1)
Bank of San Francisco	0.25%	$100,000	-	Learn More Reviews
El Dorado Savings Bank, F.S.B.	0.25%	$100,000	-	Learn More Reviews
GBC International Bank	0.25%	$10,000	-	Learn More Reviews (1)
Eastern International Bank	0.25%	$10,000	-	Learn More Reviews
Commercial Bank of California	0.25%	$10,000	-	Learn More Reviews
United Security Bank	0.25%	$10,000	-	Learn More Reviews
United Business Bank	0.25%	$10,000	-	Learn More Reviews (1)
Plumas Bank	0.25%	$100,000	-	Learn More Reviews
Bank of the Sierra	0.22%	$100,000	-	Learn More Reviews
Exchange Bank	0.22%	$100,000	-	Learn More Reviews
El Dorado Savings Bank, F.S.B.	0.20%	$10,000	-	Learn More Reviews
Five Star Bank	0.20%	$10,000	-	Learn More Reviews
First Bank	0.20%	$10,000	-	Learn More Reviews
The Bank of Hemet	0.20%	$10,000	-	Learn More Reviews
Infinity Bank	0.20%	$10,000	-	Learn More Reviews
Pacific Valley Bank	0.20%	$10,000	-	Learn More Reviews
Heritage Bank of Commerce	0.20%	$100,000	-	Learn More Reviews
Oak Valley Community Bank	0.20%	$10,000	-	Learn More Reviews
Bank of San Francisco	0.20%	$10,000	-	Learn More Reviews
Bank of the Orient	0.20%	$10,000	-	Learn More Reviews
Provident Savings Bank, F.S.B.	0.20%	$100,000	-	Learn More Reviews
City National Bank	0.20%	$10,000	-	Learn More Reviews
Plumas Bank	0.20%	$10,000	-	Learn More Reviews
American Riviera Bank	0.20%	$10,000	-	Learn More Reviews
Exchange Bank	0.20%	$10,000	-	Learn More Reviews
Westamerica Bank	0.19%	$100,000	-	Learn More Reviews (2)
Bank of the Sierra	0.19%	$10,000	-	Learn More Reviews
Golden Valley Bank	0.18%	$10,000	-	Learn More Reviews
BAC Community Bank	0.18%	$10,000	-	Learn More Reviews
Friendly Hills Bank	0.15%	$10,000	-	Learn More Reviews
Community Valley Bank	0.15%	$10,000	-	Learn More Reviews (1)
Northern California National Bank	0.15%	$100,000	-	Learn More Reviews
Montecito Bank & Trust	0.15%	$10,000	-	Learn More Reviews
Provident Savings Bank, F.S.B.	0.15%	$10,000	-	Learn More Reviews
Bank of Marin	0.15%	$100	-	Learn More Reviews
Mechanics Bank	0.15%	$10,000	-	Learn More Reviews (1)
MidFirst Bank	0.15%	$1,000	-	Learn More Reviews (3)
Westamerica Bank	0.15%	$10,000	-	Learn More Reviews (2)
MUFG Union Bank, National Association	0.15%	$350	-	Learn More Reviews (3)
Heritage Bank of Commerce	0.10%	$10,000	-	Learn More Reviews
Community Valley Bank	0.10%	$10,000	-	Learn More Reviews (1)
Comerica Bank	0.10%	$10,000	-	Learn More Reviews (1)
Sunwest Bank	0.10%	$100	-	Learn More Reviews (1)
The Northern Trust Company	0.10%	$10,000	-	Learn More Reviews
Bank of Guam	0.10%	$10,000	-	Learn More Reviews
Fremont Bank	0.10%	$10,000	-	Learn More Reviews
Northern California National Bank	0.10%	$10,000	-	Learn More Reviews
Mega Bank	0.10%	$10,000	-	Learn More Reviews
Zions Bank	0.10%	$10,000	-	Learn More Reviews
East West Bank	0.10%	$10,000	-	Learn More Reviews (2)
1st Capital Bank	0.10%	$100,000	-	Learn More Reviews
1st Capital Bank	0.05%	$10,000	-	Learn More Reviews
California Pacific Bank	0.05%	$10,000	-	Learn More Reviews
KeyBank National Association	0.05%	$2,500	-	Learn More Reviews (2)
American Business Bank	0.05%	$10,000	-	Learn More Reviews
U.S. Bank National Association	0.05%	$500	-	Learn More Reviews (1)
PNC Bank, National Association	0.03%	$25,000	-	Learn More Reviews (1)
Bank of America, National Association	0.03%	$100,000	-	Learn More Reviews (6)
First-Citizens Bank & Trust Company	0.01%	$10,000	-	Learn More Reviews (3)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

See rates for Online Banks →

See rates for Credit Unions →

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2023

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
CDs provide a predictable, set rate of return.
Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.