CDs, or Certificates of Deposit, are a safe way of earning interest on your money.  Palm Desert National Bank in California offers a number of flexible CD terms at guaranteed rates for its customers.  The bank CDs provide the account holders with a choice on when to receive your interest payments, whether it’s at maturity, quarterly, or even monthly.  Palm Desert National Bank is a locally-owned, privately held independent bank.  The bank opened its first branch in Palm Desert, California in December 1981.  The bank is a nationally chartered financial institution with assets exceeding $400 million.

As a component of the various savings vehicles offered by Palm Desert National Bank, the bank currently offers the following California CD rates and terms:

A 30-59 day CD with an interest rate of .45% APY.
A 60-89 day CD that earns an interest rate of .70% APY.
A 90-119 day CD that yields a rate of 2.12% APY.
A 120-179 CD with an interest rate of 2.32% APY.
A 180-364 day CD that earns an interest rate of 2.43% APY.
A one year CD that yields a rate of 3.04% APY.
A two year CD with an interest rate of 3.20% APY.

The bank offers these California CD rates with a minimum opening deposit of $1,000.00.

The bank also offers a broad choice of checking and savings accounts that allow customers to choose the one that fits their financial needs best.  The bank has savings account with standard features and competitive rates.  The bank offers a simple personal checking account as well as an interest bearing checking account.  Furthermore, the bank offers a money market account that is a good fit for those bank customers that have higher minimum daily balances.  With a higher balance, the money market account a pay a higher interest rate, allowing your money to work harder for you.

CD rates are subject to change and further conditions may apply.  Call a banking officer for current rates and yields at 760-340-1145.  Current CD rates and yield information can also be located at the bank web site along with more bank products and services information.  The web address is pdnb.com.

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