California Cities > Simi Valley
Simi Valley Deposit Provider Listing

Simi Valley CD Rates, Certificate of Deposit (CD) Savings Accts

ERATE® provides this page to help consumers locate local financial institutions offering Depost/Savings accounts in Simi Valley. Our goal is to provide an extensive network of sources that offer ways for you to protect, save and grow your assets throughout the Simi Valley 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" Simi Valley Branch 1307 Los Angeles Avenue Simi Valley, CA 93065 Toll Free: 1-800-432-1000 Simi Valley Town Center Mall Night Depository 1555 Simi Town Center Way Simi Valley, CA 93065 Toll Free: 1-800-432-1000 Sycamore Plaza Branch 2830 Cochran Street Simi Valley, CA 93065 Toll Free: 1-800-432-1000 View More Branches Located in Simi Valley Bank of America in the News Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key (8/19/19)
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) First And Los Angeles Branch 1377 East Los Angeles Avenue Simi Valley, CA 93065 Toll Free: 1-888-342-4273 Madera & Royal Road Banking Center Branch 1324 Madera Road Simi Valley, CA 93065 Toll Free: 1-888-342-4273 Simi Valley East Branch 5105 E Los Angeles Ave Simi Valley, CA 93063 Toll Free: 1-888-342-4273 View More Branches Located in Simi Valley
Citibank "Certificates of Deposit" "Earn a Guaranteed Rate" (from https://online.citi.com/US/banking/cd-ira/citi.action?ID=certificates-of-deposit) Cochran Street Branch 2860 Cochran Street Simi Valley, CA 93065 Toll Free: 1-800-374-9700
Union Bank M-Th: 9:00AM - 5:00PM     Drive Up M-Th: 9:00AM - 5:00PM     F: 9:00AM - 6:00PM     Drive Up F: 9:00AM - 6:00PM Simi Valley 1475 E. Los Angeles Avenue Simi Valley, CA 93065 Phone Number: 805-578-4567
U.S. Bank "Savings Accounts and CDs - Start saving smarter. Whether you're starting to look at colleges or thinking about retirement, there are accounts for every stage."(from https://www.usbank.com/savings/) Cochran Street Vons 1855 Cochran Street Simi Valley, CA 93065 Toll Free: 1-866-283-8092 Simi Valley Branch 1445 East Los Angeles Avenue Simi Valley, CA 93065 Toll Free: 1-866-283-8092 Simi Valley Pavilions Branch 2938 Tapo Canyon Road Simi Valley, CA 93063 Toll Free: 1-866-283-8092 View More Branches Located in Simi Valley
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/ ) Cochran & Colonial Branch 2888 Cochran Street Simi Valley, CA 93065 Toll Free: 1-800-869-3557 Mountain Gate Plaza Branch 1200 East Los Angeles Avenue Simi Valley, CA 93065 Toll Free: 1-800-869-3557 Simi Valley Branch 2740 Cochran Street Simi Valley, CA 93065 Toll Free: 1-800-869-3557 View More Branches Located in Simi Valley 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)

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

Simi Valley, CA is a vibrant community that boasts a thriving economy, strong community, and a range of financial institutions to support the needs of its residents. One may have observe that the city's financial infrastructure is essential to its success, providing funding for local businesses and individuals.

Simi Valley is home to several major banks, including Bank of America, Wells Fargo, Chase, and Citibank. These banks offer a wide range of financial products and services, including checking and savings accounts, loans, and investment products. They also offer Certificates of Deposit (CDs), which are popular investment vehicles that offer higher interest rates than traditional savings accounts.

CDs are a type of time deposit, meaning that the investor agrees to leave their funds in the account for a specified period of time, usually ranging from three months to five years. In exchange for this commitment, the bank offers a higher interest rate than a traditional savings account, making CDs a popular choice for those looking to save for the future.

In addition to major banks, Simi Valley is also home to several credit unions, including Ventura County Credit Union, First Entertainment Credit Union, and Premier America Credit Union. These credit unions offer similar services to banks, including checking and savings accounts, loans, and investment products. They also offer CDs, providing residents with a range of investment options to meet their unique financial needs.

Overall, Simi Valley's financial institutions play a critical role in the city's economy, providing funding for local businesses and individuals. The city's list of banks and credit unions includes Bank of America, Wells Fargo, Chase, Citibank, Ventura County Credit Union, First Entertainment Credit Union, and Premier America Credit Union. These institutions offer a range of financial products and services, including CDs, helping residents to save for the future and achieve their financial goals.