The Mojave Desert is approximately 20,000 square miles of arid land in Southern California.  It is surrounded by mountain ranges to the north and west and the Sonoran Desert near the southeast.  The desert was formed by volcanic eruptions and deposits from the Colorado River.  When searching for the beauty of the Mojave Desert, two items jump out; the Desert tortoise and the CD rates offered in California by Mojave Desert Bank.  Granted the tortoise is far more beautiful physically, but the CD rates of the bank can also provide beauty ( wow ).

Mojave Desert Bank is a commercial bank which opened for business on August 2, 1991.  The bank is headquartered in Mojave, California which is a high desert community located about 90 miles north of Los Angeles, CA.  Mojave Desert Bank has one main office and four bank branches located in two California counties.  

Mojave Desert Bank is a locally owned and operated full service bank serving the Mojave and surrounding communities.  The bank provides a wide assortment of personla and business bnak products and services.  Along with savings accouns, checking accounts, loans and mortgages, the bank offers some of the highest CD rates in California. 

The bank CD account is an interest bearing account.  The interest rate and annual percentage yield will not change for the term of the CD account.  Interest begins to accrue on the business day of deposit.  Interest will be paid as set out under the terms of the certificate of deposit at the time the account is opened at the bank.

The bank affords the accountholder 10 business days after the maturity date to withdraw funds from the CD without penalty.  The bank certificate will automatically renew for a similar term and at the then prevailing interest rate.

Mojave Desert Bank offers the following short term CD rates and terms in California.

7 to 59 day CD that has an interest rate of 0.50% APY.
60 to 89 day CD with an interest rate of 1.51% APY.
90 to 179 day CD that earns an interest rate 1.51% APY.
180 days to 1 year CD that yields a rate of 1.70% APY.

The interest on all of these short term CDs is paid at maturity.  The shortest term CD requires a $2,500.00 minimum investment to open the account and obtain the posted interest rate.  The other bank CDs listed requires a $1,000.00 minimum deposit to open the account and obtain the posted interest rate.

The bank also offers longer term CDs including these bank CD rates and terms.

1 year to 2 year CD that has an interest rate of 2.02% APY with interest paid monthly.
2 year to 3 year CD with an interest rate of 2.12% APY with interest paid monthly.
3 year to 4 year CD that yields an interest rate of 2.53% APY with interest paid monthly.
And a 4 year CD that earns an interest rate of 2.63% APY with interest paid monthly.
Each of these bank CDs require a low minimum deposit of $500.00 to open the account and obtain the posted interest rate.

Interest rates are not guaranteed until the CD accounts are opened.  Current rate information can be obtained by calling Mojave Desert Bank at 800-446-0557.  Additional information as well as bank rates and CD information can be found on the banks web site at www.mojavedesertbank.com.

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