CD Rates North Valley Bank California

North Valley Bank provides financial products and services to meet the needs of both consumers and businesses in Shasta and Trinity Counties.  Its products include checking and savings accounts, loans, credit cards, internet banking and cash management services.  In addition to these depository services, North Valley Bank engages in a full complement of lending activities including consumer, commercial and real estate loans.  Additionally, the bank has SBA Preferred Lender status and provides investment services to its customers.  The company was founded in 1973 and is based in Redding, California.  North Valley Bank is a subsidiary of North Valley Bancorp.

North Valley Bancorp is a bank holding company headquartered in Redding, California. Its subsidiary, North Valley Bank, operates twenty six commercial banking offices in Shasta, Humboldt, Del Norte, Mendocino, Yolo, Solano, Sonoma, Placer and Trinity Counties in Northern California, including two in-store supermarket branches and seven Business Banking Centers, and a loan production office in Vacaville, CA.
North Valley Bancorp is a bank holding company with $880 million in assets.  The company had recently reported a net loss for the year ended December 31, 2008 of $1,794,000.  During the third quarter of 2008, the company had recognized an impairment on its FNMA Preferred Stock of $3,284,000 which greatly impacted net income.  At December 31, 2008, the bank’s Total Risk-based Capital was $101,637,000, and its risk-based capital ratios were: Tier 1 risk-based Capital ratio of 11.22%; Total Risk-based Capital ratio of 12.48%; and Tier 1 Leverage ratio of 10.64%.  The bank continues to be categorized as well-capitalized.

The bank offers several different term, rate and deposit amounts on their CDs.  The following is a sample of some of the bank CD rates and terms being promoted.

30 day thru 59 day CD rate is 1.65% APY
60 day thru 89 day CD earns an interest rate of 1.75% APY
90 day thru 179 day CD yields a rate of 1.85% APY
180 day 364 day CD has an interest rate of 1.90% APY
1 year CD rate is 2.10% APY
2 year CD earns an interest rate of 2.30% APY
3 year CD rate is 2.60% APY
4 year CD yields an interest rate of 2.75% APY

There is a minimum required investment of $10,000.00 to open these CDs and reach the listed CD rates.

At the banks discretion the CD interest rates may change.  Additional conditions may apply to open these CD accounts.  For more information and up to date bank CD rates call a bank representative at 866-869-6673.  Further CD rate and other account rate information can be found at the bank web site located at www.novb.com.

Tags: 1 year CD rates, 2 year CD rates, 5 year CD rates, 6 month CD rates, Banks, California bank, CD rates, CD rates California, North Valley Bank, savings

This entry was posted on Wednesday, February 4th, 2009 at 8:38 am and is filed under Bank Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.