Balboa Thrift and Loan is pushing for their best interest rate for their mid-term and long term certificate of deposit. The following are the bank’s current CD rates:

• 12 months       1.01% APY
• 18 months       1.21% APY
• 24 months       1.41% APY
• 36 months       1.77% APY
• 48 months       2.02% APY
• 60 months       2.53% APY

You can start enjoying this highest CD rates when you open an account and make an initial deposit of $10,000 to open a certificate of deposit account. You also need to maintain this amount to earn this top CD rates. The earnings of this money in the bank deal is compounded and credited on a monthly basis. The bank automatically renews your CD account as soon as it matures. You are given 5 days grace period to decide if you still want to have your certificate of deposit renew. Please be reminded that the current CD rates are subject to change anytime without notice.

It also appears that you need to visit one of the banks branch to open an account. Balboa Thrift and Loan is located in the cities of Chula Vista, Claremont, La Quinta and Fresno in the state of California. You can also call customer service for additional information with regard to certificate of deposit and current interest rates thru 800-354-1160.

Balboa Thrift and Loan has been in business since 1980. Currently, they have grown to have over $200 million in declared assets. The bank is also insured by the Federal Deposit Insurance Corporation with certificate number 26704.