A guaranteed return for a specific period of time, that’s the number one reward of a bank CD.  Now all an investor has to do is find the terms, rates and minimum deposits to fit their needs.  California is densely packed with banks offering competitiev rates on CDs.  Butte Community Bank tries to match the needs of the consumer looking for the best CD rates in California. 

As an old fashioned community bank, Butte Community Bank brings traditional and progressive financial services to its bank customers.  This means, competitive rates and good old service.  Butte Community Bank has traditional and progressive financial services available in the market they serve.  Banking products such as checking accounts, savings accounts and certificates of deposit are FDIC insured and are offered through Butte Community Bank, an FDIC member.  Butte Community Financial Services, a division of Butte Community Bank, offers a variety of financial and  investment options such as 401k Rollovers, annuities, asset allocation planning , education and college planning, mutual funds, portfolio management, retirement planning and stocks and bonds.  Investments available are not insured by the FDIC.

Butte Community Bank is a subsidiary of Community Valley Bancorp.  The Northern California Bank was founded in 1990 and provides its banking solutions with 15 branches in 11 cities.

Current CD rates and terms include a 3 month CD earning an interest rate of 1.64% APY, a 6 month CD with interest rate of 1.89% APY, a 1 year CD with interest rate of 2.33% APY, a 2 year CD term having an interest rate of 2.62% APY, a 3 year CD term with an interest rate of 2.83% APY, a 4 year CD term yielding an interest rate of 2.83% APY and a 5 year CD with a rate of 3.03% APY.  All of these CD terms and rates require minimum deposit of $10,000. 

Along with the bank CDs’ terms and rates presented on their website, the company also presents its money market account with rates.  With its rates listed the site also states the minimum balance to open their money market account is $100.00.  Money market accounts allow a consumer to access funds while earning high rates of interest.

As part of the banks obejective to combine traditional deposit and lending services with innovative banking solutions, the bank offers a liquid CD.  The liquid CD offers  unlimited deposits and no time requirements.  Withdrawals permitted up to six per month or four week statement period.  The account has a tiered rate that can earn up to 1.79% APY.  There is also a minimum $10,000 opening deposit for this bank CD.

To earn the annual percentage yield, principal and interest must remain on deposit for entire term.  Interest rates subject to change.  To verify current rates, terms and tiers, the bank can be reached at 530-899-7100.  The bank website is located at www.buttecommunity.com.

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