Last Updated: 04/18/2025
Banc of California Certificates of Deposit
Unaffiliated
in CD Accounts from Banc of California
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Up to 5.02%(Verified 07/07/2024)
Minimum Opening Deposit
Starting at $1
Certificate Term
12 months
Banc of California Certificates of Deposit Review
Banc of California Certificates of Deposit are offered by Banc of California, a bank founded in 1941 and based in Los Angeles, CA. Banc of California 12 Month High-Yield CD are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Small selection of CD account types. Banc of California 12 Month High-Yield CD only offers liquid and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.02%, which is much higher than the national average for a CD account.
- Small minimum initial deposit. You only need $1 to open an account.
- Limited selection of CD terms. Banc of California 12 Month High-Yield CD only offers one CD term. This limits your options when trying to set up a CD ladder.
Pros & Cons of Banc of California Certificates of Deposit
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Banc of California Certificates of Deposit FAQ
Are CD from Banc of California federally insured?
Yes, your Banc of California CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does Banc of California offer?
Banc of California 12 Month High-Yield CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- liquid CDs. Liquid CDs, often called risk-free or breakable CDs, are a type of no-penalty CD that allows you to take out your money before the CD matures without paying a penalty.
What rates does Banc of California offer on its CDs?
What terms does Banc of California 12 Month High-Yield CD offer?
Banc of California offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 5.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 4.76% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | Up to 5.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 4.92% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 4.03% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 4.24% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9-Month APY | 4.86% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1-Month APY | 5.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Banc of California?
Banc of California 12 Month High-Yield CD require a minimum deposit of $1 to open an account.
What is the grace period for Banc of California 12 Month High-Yield CD?
Banc of California 12 Month High-Yield CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Banc of California charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Banc of California charges an early withdrawal fee.
Banc of California does charge any of the fees we track.
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