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IB: Innovative Bank CD Rates
  ==>  " Innovative Bank Best CD Rates with FDIC "   <==
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Current CD rates and terms at Innovative Bank with offices in Oakland, Santa Clara and Los Angeles, California.  You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.

Bottom line: It never hurts to ask the teller if better rates are available when you do your homework! 
==> " CD Rates at Innovative Bank " as of 6/30/09 <==
San Jose Mercury News  6/30/09 Advertisement of CD Rates
CD Term APY Min Deposit
12 months 2.15% $20,000
2.17% Over $100,000
18 months 2.28% $20,000
2.31% $100,000
24 months 2.43% $20,000
2.45% $100,000
36 months 2.56%

Article: Beware of Annuities

Contact Info for Innovative Bank, Member FDIC.
360 14th Street
Oakland, CA 94612
Phone: 510-899-6800
Toll Free Number: 888-960-0700
Santa Clara Branch
2998 El Camino Real
Santa Clara, CA 95051
Phone: 408-247-5983
Fax: 408-249-2556

Los Angeles Branch
757 East 12th Street
Los Angeles, CA 90021
Phone: 213-744-7700
Fax: 213-747-8257

Oakland Chinatown Branch
401 8th Street
Oakland, CA 94607
Phone: 510-899-8340
Fax: 510-451-4819

Innovative Bank was originally established in 1982 as the Bank of Oakland. During 1999 the bank obtained its Preferred Lender Participant status from the Small Business Administration (SBA). As of January 23, 2002 the Bank of Oakland changed its name to Innovative Bank.  In July of 2005, a group of Korean-American investors acquired the bank.

It costs money to get new accounts so Banks often give you a deal if you are ready to walk out the door with a chashier's check after you close your CD.   Rates and terms may change so read the fine print and make sure you get FDIC insurance!!!! 

A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest.  Often there is a penalty for early withdrawal (taking your money out before the specified period of time.)

Definition:  A Liquid Certificate of Deposit gives you a CD rate that is usually better than most checking accounts while allowing more fluid access to your money.  That is you can take money out of the CD before it matures.  They usually pay higher rates than the offering bank's money market account but not the top rates of CDs held to the full term.  They are sort of "half and half" and thus offer rates that are inbetween the two.

==>ArticleHow to Get the Best CD Rates <==

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