Triple sevens are the winning number often sought out on the slot machine for the big payout but in today’s investment environment triple fives may be the better deal.  Here we have three banks offering 5.00% yields on five year CDs in the state of California. 

Washington Mutual is offering a 5.00% rate on their five year CD.  This CD does require a checking account to open at the bank to obtain the rate.  The minimum deposit is $1,000.00.  CD accounts and bank deposit products for Washington Mutual are serviced by JPMorgan Chase Bank.  Washington Mutual bank products however, are offered separately from Chase bank products.

Santa Barbara Bank and Trust has a five year CD with an interest rate of 5.00%.  The minimum deposit is also $1,000.00.  Santa Barbara Bank & Trust is part of Pacific Capital Bank, N.A., a nationally chartered bank that operates 48 branches under the brand names of Santa Barbara Bank & Trust, First National Bank of Central California, South Valley National Bank, San Benito Bank, and First Bank of San Luis Obispo.  All of the banks under the Pacific Capital umbrella promote the 5.00% rate five year CD in California.

Wachovia Bank round out the list with a five year CD yielding 5.00%.  Wachovia has a $1,000.00 minimum deposit on their CD account.

Bank list updated November 23, 2008.  For all bank products and services certain conditions may apply, see the bank for details.  For a complete list of California CD rates select the table on our site, www.selectcdrates.com for that state.  For the best CD rates nationally simply select the term of the CD on the home page.

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