Best CD Rates in San Diego, California

CD rates in San Diego, California, can be an excellent way to secure your savings with a fixed interest rate. It falls over a predetermined period.

With its vibrant economy and diverse financial institutions, San Diego offers a variety of options. It is exceptional for all those who are forward to maximize their savings growth with minimal risk.

For your kind interest here is the article that will help you to explore the best CD rates in this sunny coastal city. It can further provide you with the financial security and peace of mind you are looking for your money. Let’s dive into how you can find the most competitive CD rates in San Diego in the section below.

Overall Best CD rates in San Diego, California

No.	Name of the Bank	APY %	Term Length (month)	Address
1	City National Bank	5.22%	3-month	501 W Broadway San Diego, CA 92101
2	Northern Trust Company	5.10%	3-month	4370 La Jolla Village Dr San Diego, CA 92122
3	SchoolsFirst Federal  Credit Union	5.00%	13-month	2431 Fenton Pkwy San Diego, CA 92108
4	Wescom Central Credit Union	5.00%	8-month	Online
5	Cabrillo Credit Union	4.75%	18-month	10075 Carroll Canyon Rd San Diego, CA 92131
6	Self-Help Federal Credit  Union	4.60%	18-month	4029 43rd St San Diego, CA 92105
7	Wells Fargo Bank,  National Association	4.50%	3-month	13490 Pacific Highlands Ranch Pkwy San Diego, CA 92130
8	PenFed Credit Union	4.50%	18-month	Online
9	Navy Federal Credit Union	4.50%	18-month	6755 Mira Mesa Blvd San Diego, CA 92121
10	Home Bank of California	4.40%	18-month	4493 Ruffin Rd San Diego, CA 92123
11	Northern Trust Company	4.35%	18-month	4370 La Jolla Village Dr San Diego, CA 92122
12	Beal Bank, SSB	4.28%	18-month	8880 Rio San Diego Dr San Diego, CA 92108
13	San Diego Firefighters  Federal Credit Union	4.25%	18-month	4926 La Cuenta Dr San Diego, CA 92124
14	North Island Financial Credit Union	4.21%	18-month	9119 Clairemont Mesa Blvd San Diego, CA 92123
15	California Coast Credit  Union	4.17%	3-month	3202 Governor Dr San Diego, CA 92122
16	Scient Federal Credit  Union	4.17%	18-month	10646 Science Center Dr San Diego, CA 92121
17	California Coast Credit  Union	4.01%	6-month	9201 Spectrum Center Blvd., San Diego, CA 92123
18	Torrey Pines Bank	4.00%	3-month	12220 El Camino Real, Suite 100, San Diego, CA 92130
19	Bank of America, National  Association	3.93%	3-month	12830 El Camino Real San Diego, CA 92130
20	North Island Credit Union	3.68%	36-month	5898 Copley Dr, San Diego, CA 92111
21	BBCN Bank	3.60%	3-month	4428 Convoy St San Diego, CA 92111
22	Pacific Western Bank	3.50%	18-month	1661 Rosecrans St San Diego, CA 92106
23	Comerica Bank	3.26%	18-month	1201 K St #125, Sacramento, CA 95814
24	State Bank of India  (California)	3.25%	18-month	9494 Black Mountain Rd San Diego, CA 92126
25	Mission Federal Credit  Union	3.01%	3-month	6950 Navajo Rd San Diego, CA 92119
26	Pacific Premier Bank	3.00%	12-month	17901 Von Karman Ave, Suite 1200, Irvine, CA 92614
27	Banc of California, National Association	2.50%	3-month	16840 Bernardo Center Dr San Diego, CA 92128
28	Citibank, N.A.	2.47%	18-month	10606 Camino Ruiz San Diego, CA 92126
29	Western Alliance Bank	2.35%	18-month	9280 Clairemont Mesa Blvd San Diego, CA 92123
30	The Golden 1 Credit Union	2.08%	18-month	8945 Cal Center Dr, Sacramento, CA 95826
31	San Diego County Credit Union (SDCCU)	2.00%	6-month	6545 Sequence Drive, San Diego, CA 92121
32	Cabrillo Credit Union	2.00%	3-month	10075 Carroll Canyon Rd, San Diego, CA 92131
33	SD Medical Federal Credit Union	1.75%	3-month	8889 Rio San Diego Dr San Diego, CA 92108
34	Point Loma Credit Union	1.18%	12-month	Online
35	Silvergate Bank	1.16%	24-month	4250 Executive Square, Suite 300, La Jolla, CA 92037
36	San Diego Private Bank	1.04%	24-month	Online
37	MUFG Union Bank	0.06%	48-month	400 California St, San Francisco, CA 94104
38	Financial Partners Credit Union	0.05%	60-month	7800 Imperial Highway, Downey, CA 90242

Current CD Rates of San Diego, California

The current CD rates in San Diego, California, offer a secure and predictable way to earn interest on their deposits. In the fluctuating economic environment of the city, the CDs stand out as a low-risk investment choice

It allows the individuals to lock in a fixed interest rate for a specified term.

This can be particularly appealing in San Diego’s dynamic financial landscape, where the stability and guaranteed returns of CDs provide a contrast to more volatile investment options.

Best 6 Month CD Rates

For those looking for a short-term investment opportunity, the best 6-month CD rates in San Diego offer a perfect blend of higher interest earnings without the long-term commitment.

1. Charles Schwab Bank

Minimum Amount: $1000

APY / Rate: 4.40%

Pros:

• High APY
• No monthly fee
• FDIC insured deposits
• Sell the CD through bidding

Rules:

• To purchase a CD with the bank, one needs to open an account first
• CD rates can be checked through Schwab CD OneSource.

2. Ameriprise Bank

Minimum Amount: $1000

APY / Rate: 3.96%

Pros:

• No monthly fees
• Top-tier and competitive rate of interest
• Premium customer service

Rules:

• Any deposit equalling $2 Million or above must be pre-approved by the bank
• Interest is compounded monthly
• Early withdrawal incurs a penalty

3. Amarillo National Bank

Minimum Amount: $1000

APY / Rate: 3.50%

Pros:

• FDIC insured investment
• Reputed bank with a nationwide presence
• High yield rate as compared to other banks

Rules:

• Bank pays interest by (a) Rolling back into CD (b) Deposit to account (c) Check can be mailed (depending on the length of term)
• Auto renewal facility available with a grace period of 10 days
• Penalty on early withdrawal

Best 1 Year CD Rates

The best 1-year CD rates in San Diego is exceptional for the savers who require a slightly longer horizon. These CD rates provide a balance between attractive yields and the flexibility of a moderate-term investment.

1. Charles Schwab Bank

Minimum Amount: $1000

APY / Rate: 4.60%

Pros:

• High APY
• No monthly fee
• FDIC insured deposits
• Sell the CD through bidding

Rules:

• To purchase a CD with the bank, one needs to open an account first
• CD rates can be checked through Schwab CD OneSource.

2. Ameriprise Bank

Minimum Amount: $1000

APY / Rate: 4.20%

Pros:

• No monthly fees
• Top-tier and competitive rate of interest
• Premium customer service

Rules:

• Any deposit amounting to $2 Million Or greater requires pre-approval
• Interest compounded every month
• Early withdrawal incurs a penalty

3. Citi Bank

Minimum Amount:

APY / Rate: 3.75%

Pros:

• 24/7 access to the account
• Rules (Terms to Earn the Rate)

Rules

• N/A

Best 2 Year CD Rates

All the investors who are aiming for a middle ground in terms of investment duration and return on investment will find the best 2-year CD rates in San Diego appealing for their improved interest rates.

1. Academy Bank

Minimum Amount: $500

APY / Rate: 4.58%

Pros:

• No monthly fee
• A fixed-rate interest on the entire balance
• $500 is a very low minimum balance slab
• FDIC insured investment
• Online application facility available

Rules:

• The CD earns a fixed interest on the entire balance
• Interest is compounded monthly and added to the account at every month’s end

2. Ameriprise Bank

Minimum Amount:

APY / Rate: 4.40%

Pros:

• No monthly fees
• Federally insured
• Guaranteed returns
• Low minimum balance

Rules:

• A pre-approval is required for all certificates amounting to $2 Million or greater.
• Interest is compounded monthly and credited to the account at the month’s end
• A penalty is charged on premature withdrawal

3. Amarillo National Bank

Minimum Amount: $1000

APY / Rate: 4.00%

Pros:

• FDIC insured investment
• Reputed bank with a nationwide presence
• High yield rate as compared to other banks

Rules:

• Bank pays interest by (a) Rolling back into CD (b) Deposit to account (c) Check can be mailed (depending on the length of term)
• Auto renewal facility available with a grace period of 10 days
• Penalty on early withdrawal

Best 3 Year CD Rates

With the best 3-year CD rates, San Diego residents can benefit from higher interest rates offered by banks and credit unions. It commits their funds for a longer period and enhances the growth of their savings.

1. Ameriprise Bank

Minimum Amount: $1000

APY / Rate: 4.60%

Pros:

• No monthly fees
• Federally insured
• Guaranteed returns
• Low minimum balance

Rules:

• A pre-approval is required for all certificates amounting to $2 Million or greater.
• Interest is compounded monthly and credited to the account at the month’s end
• A penalty is charged on premature withdrawal

2. Sallie Mae

Minimum Amount: $2500

APY / Rate: 4.00%

Pros:

• Competitive interest rates
• Automatic Renewal
• Fixed-rate with guaranteed returns
• FDIC insured

Rules:

• Interest is compounded monthly and added to the account at the end of the month
• Early withdrawal attracts a penalty
• Automatic renewal option available

3. USAA

Minimum Amount: $1000

APY / Rate: 3.66%

Pros:

• Fixed-rate and high returns
• FDIC insured
• CD opening features available on mobile
• FDIC insured

Rules:

• APY is earned on initial deposits of $1000
• Interest starts accruing from the day it is opened and added to the account
• Interest is paid monthly and can be transferred to another bank’s account
• A notice is sent 30 days before the maturity date
• 10 days grace period to withdraw the CD before auto-renewal

Best 5 Year CD Rates

For the most patient savers and investors, the best 5-year CD rates in San Diego promise the highest returns, rewarding long-term financial planning and stability with premium interest rates

1. Sallie Mae

Minimum Amount: $2500

APY / Rate: 4.05%

Pros:

• Competitive interest rates
• Automatic Renewal
• Fixed-rate with guaranteed returns
• FDIC insured

Rules:

• Interest is compounded monthly and credited to the account on the month’s end
• Automatic Renewal
• Premature withdrawal is charged with a penalty

2. Ally Bank

Minimum Amount: $0

APY / Rate: 3.60%

Pros:

• It can be opened in the name of a trust
• 24/7 customer service
• Automatic renewal on maturity
• FDIC insured

Rules:

• There is no minimum deposit to open a CD
• Interest is compounded daily
• A fixed-rate interest is charged on the amount
• Auto renewal facility available with 10 days grace period

3. Popular Bank

Minimum Amount: $10000

APY / Rate: 3.55%

Pros:

• High rate of interest
• 24/7 access through mobile or desktop
• Round-the-clock customer support
• FDIC insured

Rules:

• To earn APY, interest, and principal must remain in the account
• Early withdrawal incurs a penalty

Economic Statistics for San Diego, California

San Diego, California, stands out as an economic hub with a vibrant market for investors. For the most precise statistics, the city is known to have an estimated population of over 1.4 million people. It is the second-largest city in California that showcases a diverse and dynamic economy.

The average household income in San Diego is approximately $89,457, representing the city’s relatively high cost of living and the affluence of its residents.

In addition to all this, the average home value in San Diego is around $800,000 and it indicates a robust real estate market and significant investment opportunities.

Economic Indicator	Value
Population	Over 1.4 million
Average Household Income	Approximately $89,457
Average Home Value	Around $800,000

For savers and investors, these economic indicators suggest a strong local economy with substantial earning and saving potential. It makes San Diego an attractive market for securing competitive CD rates in California.

How to Get Best CD Rates in San Diego, California?

To get the best CD rates out of the town, it is better to do proper research. In this regard;

1.    Start by comparing CD rates offered by various financial institutions in San Diego through online financial comparison websites. This allows you to view a broad range of options quickly.

2.    Also look for the online banks. Online banks frequently offer higher CD rates compared to traditional brick-and-mortar institutions due to lower overhead costs.

3.    Banks and credit unions sometimes offer promotional CD rates that are higher than their standard rates. Keep an eye out for these deals, especially during seasonal financial campaigns.

4.    Additionally, also consider the economic news and trends, as CD rates can fluctuate with changes in the Federal Reserve’s interest rate policies.

5.    Timing your investment can make a significant difference in the rates you secure.

CD Rates Methodology

The CD Rates Methodology involves a comprehensive review process to identify the most competitive Certificate of Deposit rates available in San Diego, California

A total of 85 banks and credit unions were initially reviewed. Each institution’s CD products were evaluated based on several criteria, including;

·         Interest rates

·         Term lengths

·         Minimum deposit requirements

·         Flexibility of terms

Additional factors such as customer service, digital banking capabilities, and the ease of opening a CD were also considered.

After the comprehensive evaluation, 38 banks and credit unions made the list for offering the best CD rates. This selection reflects institutions that not only offer competitive rates but also meet criteria for reliability, customer satisfaction, and overall financial stability.

This methodology provides a clear and transparent framework for identifying the best CD rates, helping savers make informed decisions about where to place their funds for optimal growth and security.

Conclusion

By leveraging the insights from a comprehensive review of 85 banks and credit unions, of which 42 made the list for offering superior CD rates, investors can confidently navigate the landscape to find options that best suit their financial goals.

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