Banks offer several different types of savings accounts from which a customer can choose.  The bank certificate of deposit usually has the highest interest rate of all the bank products available.  A certificate of deposit, or CD, is a financial instrument in which a bank customer deposits money the bank for a fixed period of time at a fixed interest rate. Sometimes the rate on a CD can also be a variable rate. For those investors who want to get the highest interest rates it is important to research several different banks before deciding on a bank choice.

Redwood Capital Bank opened in March of 2004.  The bank offers a wide assortment of banc products for California customers including bank CDs.  The bank offers various deposit products, checking accounts, savings accounts, negotiable order of withdrawal accounts, and money markets accounts, as well as business checking and savings accounts.  The banks lending products include real estate mortgage and commercial loans, commercial loans, agricultural loans, and installment and other loans to individuals. 

The banks management believes in personal banking services and community development.  John Dalby, President and CEO stated in May 2008 press release, “Redwood Capital Bancorp remains fully committed to serving our market, and we look forward to 2008 as an opportunity to continue building mutually beneficial relationships with both new and existing customers while simultaneously building value for our shareholders”

At the present time, Redwood Capital Bank has several CD accounts available with various rates and terms.  Included in the list of available bank CD is:

A 30-59 day CD with an interest rate of 1.00% APY.
A 60-89 day CD that has an interest rate of 1.10% APY.
A 90-179 day CD which yields a rate of 1.15% APY.
A 180-364 day CD with an interest rate of 1.25% APY.
A 12-23 month CD that has an interest rate of 2.02% APY.
A 24-35 month CD which yields a rate of 2.27% APY.
A 36-59 month CD which yields a rate of 2.78% APY.

These CDs require a minimum investment of $2,500.00.  All rates are subject to change without notice.  For details on bank products including current CD rates a bank representative can be reached at 707-444-9800.  The bank web site also holds current CD rates as well disclosers and information on other bank savings and loan products.  The bank web address is www.redwoodcapitalbank.com.

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