Bank CD Rates

One of the largest Korean-American owned banks is Wilshire State Bank. CD rates at this bank are very competitive, and have been since it first opened its doors in 1980. They current have 21 branch offices in 4 states to help serve their customers along with being online.

This bank CD rates can be found online or at a local branch office. Their current CD rates are for a 30 day CD at 1.51% APY. Their 90 day CD is current at 1.86% APY and their 180 day CD is at 1.96% APY. The greatest returning CD is their 365 day CD which is set at 2.15% APY. These rates were current 6/19/2009 and according to their web site that if you wish more current CD rates a visit to one of their local branch office would be suggested.

The Wilshire State Bank CD Rates also have a flex account. This does require a $10,000 deposit. This flex account does allow for withdraws from the account up to 6 times before the maturing of the CD. After this there is a 3 month interest penalty on the amount withdrawn.

The Wilshire State Bank CD’s have many standard features including interest paid out monthly, quarterly, semi-annually, annually or at the time of the CD becoming mature. Unless contacted this financial establishment automatically rolls over the mature CD’s into the same term CD as before.

Limitations on CD accounts are that deposits are only allowed at the time of purchase. Only interest may be withdrawn before the maturing of the CD without penalty. Minimum amount required to open a standard CD is $1000.

A good thing about Wilshire State Bank is that even during this current financial recession, they have the funding to make acquisitions. This was exhibited in July of 2009 with the purchase of Mirae Bank.

The best Wilshire State Bank CD Rates is from their flex accounts.