Last Updated: 04/18/2025
Pacific City Bank Certificate of Deposit
Unaffiliated
in CD Accounts from Pacific City Bank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
N/A
Minimum Opening Deposit
Starting at $100
Certificate Term
- 1 month
- 3 months
- 6 months
- 9 months
- 11 months
- 12 months
- 13 months
- 15 months
- 16 months
- 18 months
- 19 months
- 2 years
- 25 months
- 27 months
- 28 months
- 30 months
- 31 months
- 3 years
Pacific City Bank Certificate of Deposit Review
Pacific City Bank Certificate of Deposit are offered by Pacific City Bank, a bank founded in 2003 and based in Los Angeles, CA. Pacific City Bank CD are available in 7 states.
Key Takeaways
- Small selection of CD account types. Pacific City Bank CD only offers IRA and traditional 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
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Pacific City Bank Certificate of Deposit FAQ
Are CD from Pacific City Bank savings accounts federally insured?
Yes, your Pacific City Bank 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 Pacific City Bank offer?
Pacific City Bank 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.
- 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 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:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What is the minimum deposit to open a CD account with Pacific City Bank?
Pacific City Bank CD require 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 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.
Pacific City Bank charges an early withdrawal fee.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
10:00AM - 6:00PM
Saturday
Closed