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  Pacific City Bank Certificate of Deposit

Pacific City Bank Certificate of Deposit

in CD Accounts from Pacific City Bank · fdic

Unaffiliated

Pacific City Bank Certificate of Deposit

Unaffiliated

in CD Accounts from Pacific City Bank · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $100
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 11 months
  • 18 months
  • 1 month
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 28 months
  • 30 months
  • 19 months
  • 25 months
  • 31 months
  • 27 months
APY (Annual Percentage Yield) N/A

Pacific City Bank Certificate of Deposit Review

Pacific City Bank Certificate of Deposit is offered by Pacific City Bank, a bank founded in 2003 and based in Los Angeles, CA. Pacific City Bank Certificate of Deposit is available in 7 states across the USA.

Key Takeaways
  • Small selection of CD account types. Pacific City Bank CD only offers traditional and IRA CDs.
  • Small minimum initial deposit. You only need $100 to open an account.
  • Wide selection of CD terms. Pacific City Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Pacific City Bank Certificate of Deposit
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • No charge on incoming domestic or international wire transfers.
  • Only available in 7 states.
  • There isn't a no-penalty CD option.
Pacific City Bank Certificate of Deposit FAQ

Are cd accounts from Pacific City Bank federally insured?

Yes, your Pacific City Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57463). 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 Pacific City Bank offer?

Pacific City Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Pacific City Bank CD offers a CD that is specifically for retirement.

What CD rates does Pacific City Bank offer on its CDs?

What terms does Pacific City Bank CD offer?

Pacific City Bank offers CD terms of the following lengths:
Pacific City Bank Certificate of Deposit Rates & Terms
Description

What is the minimum deposit to open a CD account with Pacific City Bank?

Pacific City Bank CD requires a minimum deposit of $100 to open an account.

What is the grace period for Pacific City Bank CD?

There is a 10-day grace period for Pacific City Bank CD. 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 10-day 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 Pacific City Bank CD 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 CD term ends.

Pacific City Bank does not charge an early withdrawal fee.

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Availability

  Available in 7 states
  • California
  • Colorado
  • Georgia
  • Illinois
  • New York
  • Virginia
  • Washington

Feature Breakdown

Minimum Opening Deposit Starting at $100
CD Accounts
  • Traditional
  • IRA
Grace Period for Account Changes 10 days
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 11 months
  • 18 months
  • 1 month
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 28 months
  • 30 months
  • 19 months
  • 25 months
  • 31 months
  • 27 months

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