The oldest independent bank in California, Scott Valley Bank was established in 1912 but traces its history back to 1852.  A 12 branch bank operation, this bank offers insured savings opportunities with fixed rates and variable rates on various savings vehicles.  Savings accounts include; statement savings, tiered statement savings, traditional certificates of deposit and an account called the Optimizer certificates of deposit.

The banks traditional time certificates of deposits are presented with different terms accompanied by standard rates.  The standard bank CDs require a $2,500 minimum opening deposit.  The bank CD terms run from 30 days to 60 months.  CD interest earned is compounded daily.  The earned interest on the certificates of deposit can be paid monthly, quarterly, or at maturity.  Additional deposits into a CD account are allowed at maturity.

California CD rates from Scott Valley Bank.  Scott Valley Bank current CD rates and terms include.

The 30 to 89 day CD with a rate of 1.00% APY.
The 90 – 179 day CD earns an interest rate of 1.20% APY.
The 180 to 364 day CD has an interest rate of 1.50% APY.
The 1 year CD earns an interest rate of 1.60% APY.
The 18 month CD yields a rate of 1.65% APY.
The 2 year CD rate is 1.75% APY.
The 3 year CD has an interest rate of 1.75% APY.
The 4 year CD also has an interest rate of 1.75% APY.
The 5 year plus CD earns an interest rate of 1.75% APY.

Also offered from Scott Valley Bank is a CD product called the Optimizer certificates of deposit.  These bank CDs allow for one withdrawal of up to 50% of the principal after the first 30 days of the term with no early withdrawal penalty.  A penalty will be assessed on other withdrawals made prior to certificate of deposit maturity date.

A 180-364 day optimizer CD has a rate of 1.30% APY.
The 1 year optimizer CD earns an interest rate of 1.40% APY.
The 18 month optimizer CD rate is 1.45% APY.

CD interest rates are subject to change.  Contact a local Scott Valley Bank for account disclosures, additional information and current CD rates.  Scott valley Bank website url is www.scottvalleybank.com and their administrative offices can be contacted at 530-842-5701.

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