CalFirst Bank, based in California, has new promotion on their short term certificates of deposit.  The new CD rate promotion boost Calfirst to the top of the list for the highest yielding short term CD rates available nationwide.  The CD rate promotion is for the three month and six month term certificates that are available through the bank. 

 The current rates for these two CD accounts are 0.60 percent on the three month maturity and 1.00 percent on the six month maturity.  As of this publication date, the rates promoted are the highest CD rates for these two terms available nationwide.

The minimum deposit to open one of the bank CD accounts is $5,000.00, this is also the minimum balance required to obtain the APY shown listed.  CalFirst offers other savings products as well as additional CD terms including one year, two year, and three maturities.

Along with being the leading rates in the nation for the terms listed, the interest rates promoted by CalFirst are more than seven times the national average rate for comparable term certificates as of the February 2nd, 2015.  The average three month CD rate is currently 0.08 percent and the average six month rate is just 0.12 percent (see FDIC weekly national rates).

CalFirst Bank, California First National Bank, is an FDIC-insured national bank.  The bank has assets of just over $500 million making it the 84th largest bank based in California.  CalFirst is based in Orange County, California and offers consumers the option to open accounts online, via phone or by mailing an application to the bank. 

Account holders may elect to transfer the interest earned on the CDs to an existing CalFirst checking or money market account.  There is a penalty for early withdrawal of funds.  Interest rates may be adjusted at the bank’s discretion.  Service charges and penalties may reduce the advertised APRs.

A CalFirst representative can be reached for more information by calling the banking center at (800) 735-2465 or by sending an e-mail to

As of the most recent filing with the FDIC, CalFirst is a well capitalized bank with no delinquent loans, a core capital ratio of 19.75 percent, a tier 1 capital ratio 19.17 percent, and a total risk based capital ratio of 20.13 percent.  For comparison purposes, the average core ratio of all 6,000+ FDIC insured banks is 9.52 percent, the average tier 1 cap ratio is 13.01 percent, and the average total risk based cap ratio is 14.44 percent.  CalFirst’s conditions are well above the average financial institution.

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