Current CD rates and terms at Avidbank are available to consumers in and around Silicon Valley and the greater San Francisco Bay Area.  In most cases, the minimum earned on the bank certificates compares favorably with most regional banks in the region.  These savings tools are a great way for banking customers to save money for the future.

CDs available through Avidbank work well for customers that are willing to be patient and let their money grow.  The money deposited in one of the Avidbank CDs has to stay in the account for a certain period of time, which is called the term or maturity.  A term can range from three months to five years or longer.

Avidbank’s traditional CDs offer yields that are slightly better than the average rate in the Bay Area.  The traditional CDs have a fixed interest rate, meaning that the rate does not change over the term of the commitment.  When the term is up, account holders can redeem their CD.  That means the banking customer will get paid their original investment, plus all interest accrued.

Certificates at the bank offer a unique and secure way to save money at a competitive rate of return.  Avidbank CD rates compare favorably with the bank rates found throughout Marin, Sonoma, Napa, Solano, Contra Costa, Alameda, Santa Clara, and San Mateo County.  Low minimum deposits make certificate accounts affordable for all for a variety of investors.

Avidbank offers a three month CD that currently offers a market average rate of return.  The bank’s longer term CDs, including the Avidbank six month CD and Avidbank one year CD have rates comparable to the shorter term accounts.  The rates of return vary according to current market conditions.

Avidbank is headquartered in San Jose, with a retail branch in Palo Alto and loan production offices in Redwood City and San Francisco.  The bank was founded in October 2003 as The Private Bank of the Peninsula.  In April of 2011 the bank changed its name to Avidbank.  Avidbank specializes in commercial and industrial lending, technology and asset-based lending, specialty finance, real estate construction and commercial real estate lending.

More information on the current CD rates offered by Avidbank in California can be obtained by contacting a customer service representative at 408.200.7390.  While rates on the bank CDs are fixed for the term once an account is opened, rates may change swiftly prior to opening an account.  Early withdrawal penalties may apply.  Fees could reduce earnings.  Additional conditions may apply.

No user commented in " Avidbank CD Rates "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)