The current cd rates at Wilshire State Bank remain very competitive at 2.53% APY for their 6- and 12-month certificates of deposit offerings. They also have a top cd rate deal for their 3-month CD at 2.27% APY. These best cd rates can be enjoyed for a minimum deposit of $1000.

Consumers can choose for interest rates to be credited upon maturity, semi annually, quarterly, or on a monthly basis. Account holders can also opt to have the earnings deposited to their accounts with other banks.

Additional deposits can only be done upon maturity of the account. Interests that have been credited can also be withdrawn only before maturity of the CD without application of the penalties.

According to the Wilshire website other restrictions apply for their certificate of deposit programs so it will be wise to inquire with their customer service prior to signing up.

Interested individuals can open an account through a safe online portal. Like other banks, Wilshire will require you to mail in the accomplished form and signature card. The bank usually does not pull a hard credit but may do so if needed.

They also have branches that can entertain your inquiries in Dallas, New Jersey, New York, and Southern California.

BauerFinancial and bankrate.com both issued 4 stars when they reviewed the bank’s financial soundness using their December 2008 data.

Wilshire Bank is insured with the FDIC through certificate # 23301.