bank rates

Kaiser Federal Tops 24-Month CD Rates

Kaiser Federal Bank has leapt to the top of our rankings for the best, nationally-available deal on 24-month CD rates.

Kaiser Federal BankKaiser, which has nine branches in the Los Angeles area, is paying 2.60% APY with a minimum deposit of $10,000.

That trumps the 2.47% APY (also with a $10,000 minimum deposit) that E-Loan is offering.

It also beats the national average of 1.52% for two-year certificates of deposit by more than a full point.

You can open an account by phone at 1-800-524-2274 or use the online application.

Kaiser Federal was organized in 1953 as a credit union for employees of Kaiser Permanente, a major health provider in California. Ten years ago it became a federally chartered bank that is FDIC insured.

Click here to compare these rates with the best CD rates and terms from dozens of other banks in our extensive database.

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Comments (3)
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3 Existing Comments
  1. DealMaven said:
    on July 29th at 10:36 am

    It happened again. The day after we posted Kaiser Bank’s great rate, they lowered it. The current rate is a not-bad 2.30% on a 24-month CD, but the change vaults E-Loan back into the top spot, paying 2.47% on the same certificate.

    The problem is that these smaller banks just can’t handle the surge of business that comes their way in the face of national exposure. So they lower their rates, making their CD less attractive.

    Unfortunately, this will probably keep happening until the big banks start lending money and begin offering savers decent rates on their deposits. That can’t happen soon enough.

  2. ScottyBoy said:
    on July 30th at 12:13 am

    God, , , I couldn’t of said it better!

  3. J.Gross said:
    on October 7th at 11:14 am

    Kaiser is less than 1.8% not 2.6%.