Savings and CD Rates at Saigon National Bank

Saigon National Bank is based in Westminster, California.  Saigon National Bank is a locally owned community bank devoted to serving the financial needs of the Vietnamese business community in Southern California.  The bank has one location where it provides both consumer bank products and services as well as business products and services.

Saigon National Bank has a wide assortment of consumer products to help those looking for flexible savings accounts and competitive interest rates.  The rates offered on the bank money market accounts and savings accounts are some of the highest interest rates in the region.

The bank personal money market investment account requires a $1,000.00 minimum opening deposit.  The money market account is a tiered interest rate account, the more the account holder saves, the more they will earn.  The money market accounts offers unlimited withdrawals in person or with a debit card, up to three checks or six transfers per month, immediate access to the funds, no monthly fee if the money market account holder maintains a minimum daily balance of $1,000.00 or a monthly average balance of $2,000.00.
   
For daily balances of up to $999.99 the money market account rate is 0.25% APY.
For money market account balances that are between $1,000.00-$99,999.99 the rate earned is 1.50% APY.
For balances that are $100,000.00 and greater the rate is also at 1.50% APY.

Saigon National Bank also offers a regular savings account.  The savings account provides account holders easy access to the funds with a convenient ATM services, all deposited funds earn interest, has a low monthly fee and no monthly fee if the savings account holder maintains a minimum daily balance of $200.00 or a monthly average balance of $400.00

With a daily balance  of up to $999.99 the savings account rate is 0.50% APY.
For savings account balances of $1,000.00 and greater the interest rate is 2.00% APY.

Saigon National Bank offers certificates of deposits with a wide range of terms, amounts and interest rates to match the financial flexibility requirements of the depositors.
Current CD rates and terms:

1 month certificate of deposit rate is 0.75%
3 month certificate of deposit earns an interest rate of 1.50%
6 month certificate of deposit also has a rate of 1.50%
9 month certificate of deposit is also yielding a rate of 1.50%
One year certificate of deposit rate is 1.75%
18 month certificate of deposit has an interest rate of 1.76%
Two year certificate of deposit rate is 2.24%
Three year certificate of deposit earns an interest rate of 2.50%
Four year certificate of deposit also earns a rate of 2.50%
Five year certificate of deposit rate is 2.50%

Bank rates and CD rates are subject to change.  The savings account and money market are variable rate accounts.  The CD accounts are fixed rate accounts.  For the latest bank rates and detailed account information, a bank customer service representative can be reached at 714-338-8700.  The Saigon National Bank website has additional information on savings rates, money market accounts and CD rates, the bank web address is
www.saigonnational.com.

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This entry was posted on Sunday, April 5th, 2009 at 9:57 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.