Choosing a savings plan that makes sense for you and your lifestyle can be a difficult task.  Bank products such as money market accounts and CDs are quick solutions for individual and business savings needs.  Bank CDs and money market accounts can offer security, high yields and flexibility for savings and investments.  Finding the right bank to invest in a  CD or money market account can also be a difficult task, at making that task easier is our mission.  A mission that when applied to finding the best CD rates in California, turns up Mission Bank.

Mission Bank is a community bank with three locations in and near Bakersfield, California.   The bank offers a full range of commercial and consumer banking services primarily to the business and professional community and individuals in Kern County, California.  The bank offers checking and savings accounts, certificates of deposit, credit cards, and business, agricultural, commercial real estate, construction, residential, and consumer loans.  It also provides credit card processing services to area merchants.  Mission Community Bank offers all of the checking, savings and financing services the consumers should expect from a full service financial institution.  But the bank has a strong commitment to serving its customers and the community as well.

Part of the financial services offered by the bank includes CDs.  With a minimum balance of $1000, Mission Bank offers interest rates on one month CDs to ten year CDs.  Interest rate on the CD are tiered and established at  $1000, $10,000, $50,000, and $100,000 investment amounts.  The bank provides flexible interest payment methods on the interest earned for these CDs.

Current CD rates and terms highlights.

A 7 – 29 days CD with an interest rate of 1.11% APY.
A 30 – 89 day CD that earns an interest rate of 1.31% APY.
A 90 – 179 day CD that yields a rate of 1.61% APY.
A 180 – 269 day CD with an interest rate of 1.87% APY.
A 270 – 364 day CD that earns an interest rate of 2.05% APY.
A 1 Year + CDs that have an interest rate of  2.22% APY.
An 18 Months + CD that yields a rate of 2.38% APY.
A 2 Year + CD with an interest rate of  2.53% APY.
A 3 Year + CD with an interest rate of 2.68% APY.
These CDs are based on an initial minimum deposit of $10,000.00 in order to obtain the posted CD interest rate.

The bank is now promoting a 120 Day Special CD that earns an interest rate of 2.46% APY.  This particular CD has a rather sizeable minimum deposit of $500,000.00 to obtain the interest rate and annual percentage yield.

Mission Bank has a professional environment, a qualified staff, and community support to service all customers in the region.  Mission Bank’s financial statement for 2007 included the following results.  The 2007 year was the most profitable in the history of the bank.  Net income after tax for the year was $3,274,144, a 4% improvement over the record earnings of the prior year.  Total assets grew by $23.7 million, which was a significant 17% increase, while total deposits increased by $14.3 million with growth in both the non-interest bearing and interest bearing categories.  Gross loans grew by $16.1 million or a 16.7% increase with no loan losses

The CD rates for California are subject to change without notice prior to opening the account.  Current interest rates are updated on the bank website at  A bank representative can be reached at 877-507-5355.

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