Best 12 Month CD Rates California

The current national average 12 month CD rate is averaging 0.965 percent this morning. 12 month CD rates had been even lower a few weeks ago averaging 0.76 percent. You can find CD interest rates higher than the national average rates. We have put together a list of the best 12 month CD rates from credit unions and banks in the state of California.

Looking for the best CD rates at banks and credit unions? Use our CD rate tables at CDRates.MonitorBankRates.com to find the best CD rates in your area.

Right now the most competitive 12 month certificate of deposit rates are hovering around 1.50 percent. Sallie Mae Bank and Flagstar Bank top our list with the highest 12 month CD rates. The current 12 month bank CD rate is 1.54 percent with an annual percentage yield of 1.55 percent. Flagstar Bank's minimum opening CD account deposit is $500 and Sallie Mae Bank's minimum opening deposit is $1.

Third on the list is Bank Of Internet with a CD rate of 1.53 percent and an APY of 1.54 percent. Bank of Internet's minimum deposit is $1,000. Discover Bank, American Express Bank and Tennessee Commerce Bank are tied for fourth on the list. All three banks are currently offering 12 month CD rates at 1.49 percent with an APY of 1.50 percent.

• Flagstar Bank 1.55% APY Min $500
• Sallie Mae 1.55% APY Min $ 1
• Bank of Internet USA 1.54% APY Min $1000
• Discover Bank 1.50% APY Min $2500
• American Express Bank FSB 1.50% APY Min $ 0
• Tennessee Commerce Bank 1.50% APY Min $2500
• Ally Bank 1.49% APY Min $ 11
• AIG Bank 1.49% APY Min $2500
• Giantbank.com 1.46% APY Min $2500
• First Federal Bank of California 1.40% APY Min $10,000
• Nationwide Bank 1.40% APY Min $10,000
• La Jolla Bank 1.40% APY Min $10,000
• PenFed 1.37% APY Min $1000
• EverBank 1.24% APY Min $1500
• Luther Burbank Savings 1.20% APY Min $1000
• BankDirect 1.11% APY Min $10,000
• Allstate Bank 1.01% APY Min $1000
• CapitalSource Bank 1.01% APY Min $10,000
• ING DIRECT 1.00% APY Min $ 1
• First Internet Bank of IN 1.00% APY Min $1000
• Ameriprise Bank FSB 0.90% APY Min $10,000
• E-LOAN.com 0.85% APY Min $10,000
• Bank of Marin 0.84% APY Min $10,000
• Citibank 0.80% APY Min $10,000
• Westamerica Bank 0.80% APY Min $10,000
• First Republic Bank 0.80% APY Min $5000
• First Federal S&L 0.75% APY Min $1000
• Bank of the West 0.75% APY Min $10,000
• Oak Valley Community Bank 0.75% APY Min $2500
• Union Bank 0.70% APY Min $10,000
• Northern Trust 0.70% APY Min $10,000