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A Look At Downey Savings

Category: Bank Profiles- gotalkmoney.com- 3:21 pm/ February 12, 2008

A new bank has popped up on the GOtalkmoney.com’s top ten charts for the first time.  The bank, Downey S&L Bank may be familiar to some but not too many others.  In this post, I’m going to give you a few details about the bank, so that you can become more familiar with the bank itself.

Downey Savings was started in California in 1957.  This is where their main branch is located but their CD rates are opened to everyone nationwide.

They have over 13.5 billion in assets and have branches located in Arizona and California.

Their current CD rates as of 2/12/2008

3 month CD – 3.75% APY

6 month CD – 3.75% APY

12 month CD – 3.00% APY

All CDs require a minimum deposit of at least $5,000.  If you’re interested in opening a CD with this bank, feel free to browse their website or call 1-800-9-downey.  Downey S&L bank IS FDIC insured.

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