Best CD Rates in Los Angeles (2024): Online Banks Beat Local Branches
If you're in the Los Angeles area hunting for the highest Certificate of Deposit (CD) yields, skip the local branch. The top rates are almost exclusively offered by online-only banks with no physical presence in LA—but fully FDIC-insured and accessible nationwide.
Top National Online Banks (Rates ~May 2024, Subject to Change)
| Bank | 1-Year APY | 3-Year APY | 5-Year APY | Min Deposit |
|---|
| American Express National Bank | 4.50–5.00% | 4.25–4.75% | 4.00–4.50% | $0 |
| Ally Bank | 4.35–4.85% | 4.10–4.60% | 3.90–4.40% | $0 |
| Marcus by Goldman Sachs | 4.40–5.05% | 4.15–4.65% | 3.95–4.45% | $500 |
| Capital One 360 | 4.25–4.75% | 4.00–4.50% | 3.80–4.30% | $0 |
| Discover Bank | 4.25–4.75% | 4.00–4.50% | 3.80–4.30% | $2,500 |
| Synchrony Bank | 4.20–4.70% | 3.95–4.45% | 3.75–4.25% | $0 |
| Barclays Online | 4.30–4.80% | 4.05–4.55% | 3.85–4.35% | $0 |
| Bread Savings (Comenity) | 4.50–5.10% | 4.25–4.75% | 4.00–4.50% | $1,500 |
Local LA Banks/Credit Unions (For In-Person Service)
- First Entertainment Credit Union (Hollywood/Burbank): Competitive promo CDs (often 4.5–5.0% 12-mo), membership via entertainment industry or $5 donation.
- Logix Federal Credit Union (Burbank/Pasadena): Good rates, easy membership (LA County resident/worker).
- Partners Federal Credit Union (Disney/entertainment): Strong rates for members.
- City National Bank (Private banking focus): Relationship-based, sometimes competitive for large deposits ($100k+).
- East West Bank (Chinatown/downtown): Asian-American focused, occasional promo CDs.
How to Choose
- Rate chasers: Use DepositAccounts.com or Bankrate for daily updated tables.
- Ladder: Split funds across 1, 2, 3, 4, 5-year CDs to capture rising rates / maintain liquidity.
- Early Withdrawal Penalty: Typically 90–365 days' interest. Read the fine print.
- FDIC/NCUA: Verify insurance (all above are insured).
Bottom Line: Open an online CD in 10 minutes from your phone. Highest yield, zero LA traffic.
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