California First National Bank, offers 0.950% APY on 12-month term certificates of deposit for a minimum opening balance of $5,000. The interest is compounded on a monthly basis and will be credited to the account subsequently.
The bank offers CDs for terms ranging from 3 months to 36 months with high APY rates. Early withdrawal of the deposit or interest fund would be subject to a penalty. All the CDs require a minimum deposit of $5,000 in order to maximize the returns.
