California Cities > Monterey Park
Monterey Park Deposit Provider Listing

List of Banks and Institutions Providing Deposits in Monterey Park, California

ERATE® provides this page to help consumers locate local financial institutions offering Depost/Savings accounts in Monterey Park. Our goal is to provide an extensive network of sources that offer ways for you to protect, save and grow your assets throughout the Monterey Park area. We are not responsible for the performance of these financial institutions. Whenever selecting a bank, credit union or other source be sure to do your own due diligence.

Current Certificate of Deposit rates in California

Deposit Provider Companies
Bank of America "Find the CD account to help with your savings goal" Atlantic-Brightwood Branch 1969 Atlantic Boulevard Monterey Park, CA 91754 Toll Free: 1-800-432-1000 Atlantic-Garvey Branch 300 North Atlantic Boulevard Monterey Park, CA 91754 Toll Free: 1-800-432-1000 Monterey Park Branch 110 West Garvey Avenue Monterey Park, CA 91754 Toll Free: 1-800-432-1000 Bank of America in the News Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key (8/19/19)
Bank of the West "CDs are a key part of a diversified portfolio. CDs offer a predictable return in exchange for holding your deposit for a fixed time period." (from https://www.bankofthewest.com/personal-banking/savings-accounts/cd.html) 331 North Atlantic Boulevard Monterey Park, CA 91754 Toll Free: 1-844-777-2689
California Bank & Trust "Use a Certificate of Deposit to maximize your savings for a fixed period of time." (from https://www.calbanktrust.com/business-banking/checking-savings/certificates-of-deposit-cds.html) Monterey Park Branch 2107 South Atlantic Boulevard Monterey Park, CA 91754 Toll Free: (800) 429-7685
Cathay Bank "...a safe investment with a fixed interest rate through maturity." Monterey Park Branch 250 South Atlantic Boulevard Monterey Park, CA 91754 Toll Free: 1-800-9CATHAY
Chase "With a Chase CD, you'll always know exactly what interest rate you'll receive during the term." (from https://www.chase.com/personal/savings/bank-cd) Monterey Park Branch 459 South Atlantic Boulevard Monterey Park, CA 91754 Toll Free: 1-888-342-4273
Citibank "Certificates of Deposit" "Earn a Guaranteed Rate" (from https://online.citi.com/US/banking/cd-ira/citi.action?ID=certificates-of-deposit) Monterey Park 201 N Garfield Avenue Monterey Park, CA 91754 Toll Free: 1-800-374-9700
East West Bank "A CD from East West Bank is a term deposit account that offers a higher rate of interest than a regular savings account." Monterey Park Branch 720 W. Garvey Ave, Monterey Park, CA 91754 Toll Free: 1-888-895-5650 Monterey Park Branch 855 South Atlantic Blvd. Monterey Park, CA 91754 Toll Free: 1-888-895-5650 Monterey Park-Ramona Branch 228 West Garvey Avenue Monterey Park, CA 91754 Toll Free: 1-888-895-5650
Wells Fargo Bank "With a Wells Fargo CD, you can enjoy financial security knowing your funds are FDIC-insured up to the maximum allowable limits. Investing in a CD can provide peace of mind whether you're saving for tomorrow, next year's projects, college tuition, or retirement." (from https://www.wellsfargo.com/savings-cds/certificate-of-deposit/ ) Monterey Park Branch 2101 South Atlantic Boulevard Monterey Park, CA 91754 Toll Free: 1-800-869-3557 Wells Fargo Bank in the News Wells Fargo Customers Report Missed Paychecks Due To Apparent Glitch (3/13/23) A Wells Fargo glitch drained some customer accounts by double-paying their bills online. (1/18/18)
Zions Bank® "Early withdrawal/closure penalties may be assessed when principal is withdrawn from a CD prior to the maturity date." Monterey Park Branch 2107 South Atlantic Boulevard Monterey Park, CA 91754 Toll Free: 1-888-307-3411

Deposits come in various forms depending on one's amount willing to deposit, and length of time willing to invest.

Often, the hardest part of deciding on and purchasing investment options is understanding the process and the terms. It's no different with CDs. Here, we present a glossary of the CD vocabulary to better explain the product and its advantages and disadvantages.

• Liquidity: In a savings or checking account, your funds are liquid. This means that you can withdraw as needed without penalties. In a CD, you are placing a certain amount of money in a locked fund. It is not liquid, meaning you cannot withdraw funds without penalty.
• Term: CDs are defined by the amount of time funds are locked, called terms. CDs are available in many different terms, usually ranging from three months to five years. Over the term your funds accrue interest and are not available for withdrawal without penalties. (continued here)

Current CD Rates in CA