The November 18, 2008 issue of the Los Angeles Times has a prominent ad by Downey Savings regarding their short term CDs.  The Newport Beach, California bank is advertising the interest rates on their 3 month CD, 6 month CD and 12 month CD.  The rates offered are very aggressive on the 3 month and 6 month CDs, the 12 month CD rate is in the top 10 CD rates for California.  The interest rate presented on the 12 month CD is 4.00%, the rate on 6 month CD is 3.83% and the rate on the 3 month CD is 3.13%.  All of these terms require a minimum $1,000.00 investment.  The contact information for Downey Savings regarding these CD rates consist of the main phone of 800-936-9639, the web address of www.downeysavings.com or  one of the numerous bank branches throughout California.  These CD rates are available at Downey Savings in California only.  Rates subject to change contact the bank for details.

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