Certificates of Deposits offer guaranteed yields, flexibility, and the safety of FDIC insurance.  With a bank CD, you lock in a high yield that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.  Broadway Federal Bank is a community bank providing friendly and personal service and has some of the best CD rates in California.

Broadway Federal Bank has 84 full time employees, five convenient bank branches and approximately $404 million in total assets as of September 30, 2008.  Broadway Federal is a wholly owned subsidiary of Broadway Financial Corporation, a publicly traded company on the NASDAQ small cap market under the symbol BYFC.  Broadway Federal Savings and Loan Association was founded in 1946

The bank offers CD to California residents in a broad range of maturities.  For as little as $500.o00, a bank customer can open their own CD.  The bank has short term CDs, usually up to 3 months that offer the fastest, readiest access to your money.  They also have medium-term bank CDs from 6 to 18 month which offer higher yields than shorter term CDs.  For those customers who have a long term outlook, the bank has CDs with maturities of two years or more that reward the accountholders with the highest yields the bank has to offer.

The bank is now offering the following promotional CDs:

A two year CD that earns an interest rate of 3.15% APY.
A three year CD that has an interest rate of 3.26% APY.
A four year CD with an interest rates of 3.16% APY.
A five year CD that yields a rate of 3.26% APY.
And a long term 6 year CD that earns an interest rate of 3.36% APY.

CD rates fluctuate regularly and may change; furthermore there may be additional conditions to open the bank CDs.  For current interest rate information call 323.634.1700.  Further rate information and bank data can be found at the Broadway Federal Bank website which is located at www.broadwayfed.com.

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