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Silvergate Bank Lowers 2 and 3 Year CD Rates
 

Silvergate Bank Lowers 2 and 3 Year CD Rates

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Silvergate Bank, headquartered in La Jolla, California, has just lowered CD rates on the bank's intermediate term certificates of deposit. Silvergate Bank CD rates were lowered on regular 2 and 3 year certificates of deposit and on 3 year jumbo certificates of deposit.

The largest CD rate decrease was 25 basis points on Silvergate Bank's 3 year and 3 year jumbo CD accounts. 3 year rates were lowered from 1.65 percent with a yield of 1.66 percent to 1.40 percent with a yield of 1.41 percent. Silvergate Bank's 3 year CD rate was the highest 3 year rate on our list but now the bank's rate falls to eighth place.

2 year CD rates were lowered by 21 basis points to 1.25 percent with a yield of 1.26 percent. Silvergate had the second best 2 year rate on our rate list. With this decrease, Silvergate's rate is now the third best rate available. The complete lists of Silvergate Bank's current CD rates are listed below.

Current Silvergate Bank CD Rates

ProductAPYRateMin. Deposit
6 month CD0.200%0.200%$25,000.00
2 yr CD1.260%1.250%$25,000.00
3 yr CD1.410%1.400%$25,000.00

Current Silvergate Bank Jumbo CD Rates

ProductAPYRateMin. Deposit
6 month jumbo CD0.200%0.200%$100,000.00
1 yr jumbo CD0.300%0.300%$100,000.00
3 yr jumbo CD1.410%1.400%$100,000.00

You can see how Silvergate Bank's CD rates compare with other bank CD rates by searching our rate tables at RatesORama.com.


Author: Brian McKay
August 14th, 2016