El Dorado Savings Bank Rates Reviewed
El Dorado Savings Bank was founded in 1956 and its headquarters are located in Placerville, California. It has assets totaling $2 billion and deposits totaling $2 billion, ranking it as a large bank.
El Dorado Savings Bank has a full suite of savings products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, and mortgage products.
This quick guide will compare El Dorado Savings Bank money market, savings account, and CD rates to other leading financial institutions and annuity rates.
Without further ado, let’s dive in!
El Dorado Savings Bank CD Rates
| Term | Rate | APY* | Minimum |
|---|---|---|---|
| 1 Month CD | 0.05% | 0.05% | $10,000 |
| 2 Month CD | 0.10% | 0.10% | $1,000 |
| 3 Month CD | 1.00% | 1.00% | $10,000 |
| 4 Month CD | 0.15% | 0.15% | $10,000 |
| 5 Month CD | 0.15% | 0.15% | $10,000 |
| 6 Month CD | 0.16% | 0.16% | $500 |
| 7 Month CD | 2.47% | 2.50% | $10,000 |
| 8 Month CD | 0.18% | 0.18% | $10,000 |
| 9 Month CD | 0.20% | 0.20% | $10,000 |
| 10 Month CD | 0.20% | 0.20% | $10,000 |
| 12 Month CD | 0.20% | 0.20% | $500 |
| 14 Month CD | 2.96% | 3.00% | $10,000 |
| 15 Month CD | 0.30% | 0.30% | $10,000 |
| 18 Month CD | 0.30% | 0.30% | $500 |
| 24 Month CD | 0.40% | 0.40% | $500 |
| 25 Month CD | 0.45% | 0.45% | $1,000 |
| 30 Month CD | 0.50% | 0.50% | $500 |
| 36 Month CD | 0.55% | 0.55% | $500 |
| 60 Month CD | 0.90% | 0.90% | $500 |
El Dorado Savings Bank Savings Account Rates
| Standard Savings | $100.00 | 0.03% |
El Dorado Savings Bank Money Market Rates
| Minimum Balance | APY |
|---|---|
| $5,000.00 | 0.10% |
| $15,000.00 | 0.03% |
| $25,000.00 | 0.04% |
| $50,000.00 | 0.06% |
| $100,000.00 | 0.08% |
| $1,000,000.00 | 0.10% |
CDs vs Fixed Annuity
A multi year guaranteed annuity (MYGA) is essentially a CD that is issued by an insurance company rather than a bank. The table below compares and contrasts some of the key differences and similarities between the two.
| FEATURES | FIXED ANNUITY | CD |
|---|---|---|
| Issued By | Insurance Companies | Banks |
| Investment Amount | $2,000 - $1,000,000 | Essentially Any Amount |
| Investment Term | 2 years - 10 years | 3 months - 5 years |
| Interest Rates (APY) | Varies by product. | Varies by bank, term and investment amount. |
| Liquidity | Usually, 10% annually or interest earned. | Almost always accumulated interest. |
| Guarantees | Backed by Insurer & State Guaranty Associations. | Backed by the FDIC. |
| Death Benefit | May avoid probate. | Probate process required. |
Today's Best Guaranteed Annuity Rates
Fixed annuity rates are guaranteed for a set number number of years.
| Term | Insurer | Company Details | Annuity | Rate | AM Best | Application |
|---|---|---|---|---|---|---|
| 2 Years | 
| Oceanview | Harbourview | 4.90% | A- | Apply |
| 3 Years | 
| Farmers Life | Safeguard Plus | 5.50% | B++ | Apply |
| 4 Years | 
| AMERICO | Platinum Assure | 5.20% | A | Apply |
| 5 Years | 
| Ibexis | MYGA Plus | 5.90% Simple | A- | Apply |
| 6 Years | 
| EquiTrust | Certainty Select | 5.65% | B++ | Apply |
| 7 Years |
| AMERICO | Platinum Assure | 5.55% | A | Apply |
| 8 Years |
| EquiTrust | Certainty Select | 5.70% | B++ | Apply |
| 9 Years | 
| American National | Palladium MYG | 5.10% | A | Apply |
| 10 Years |
| EquiTrust | Certainty Select | 6.00% | B++ | Apply |
Today's Top CD Rates
3 Month CD Rates
| Bank | Rate | Term | Minimum |
|---|---|---|---|
| TotalDirect Bank | 5.16% APY | 3 Months | $25,000.00 |
| Ponce Bank N.A. | 5.15% APY | 3 Months | $50,000.00 |
| Brilliant Bank | 5.10% APY | 3 Months | $1,000.00 |
| Alliant Credit Union | 4.50% APY | 3 Months | $1,000.00 |
| Popular Direct | 4.50% APY | 3 Months | $10,000.00 |
12 Month CD Rates
| Bank | Rate | Term | Minimum |
|---|---|---|---|
| Evergreen Bank Group | 5.50% APY | 13 Months | 10000 |
| NexBank | 5.40% APY | 12 Months | 25000 |
| BrioDirect | 5.35% APY | 12 Months | 500 |
| Bread Savings | 5.25% APY | 12 Months | 1000 |
| Barclays | 4.80% APY | 12 Months | 0 |
2 Year CD Rates
| Bank | Rate | Term | Minimum |
|---|---|---|---|
| U.S. Senate Federal Credit Union | 5.28% APY | 24 Months | 1000 |
| Summit Credit Union | 5.25% APY | 22 Months | 5000 |
| Idabel National Bank | 5.05% APY | 24 Months | 1000 |
| Bread Savings | 5.00% APY | 24 Months | 1500 |
| PenFed Credit Union | 4.45% APY | 24 Months | 1000 |
3 Year CD Rates
| Bank | Rate | Term | Minimum |
|---|---|---|---|
| U.S. Senate Federal Credit Union | 5.23% APY | 36 Months | 1000 |
| Quorum Federal Credit Union | 4.85% APY | 36 Months | 1000 |
| Popular Direct | 4.55% APY | 36 Months | 10000 |
| Bread Savings | 4.50% APY | 36 Months | 1500 |
| Barclays | 4.30% APY | 36 Months | 0 |
4 Year CD Rates
| Best 4-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| NASA Federal Credit Union | 4.85% APY | 49 Months | 10000 |
| GTE Financial | 4.85% APY | 48 Months | 500 |
| First National Bank of America | 4.50% APY | 48 Months | 1000 |
| Bread Savings | 4.35% APY | 48 Months | 1500 |
5 Year CD Rates
| Bank | Rate | Term | Minimum |
|---|---|---|---|
| Lafayette Federal Credit Union | 4.68% APY | 60 Months | 500 |
| Department of Commerce Federal Credit Union | 4.67% APY | 60-84 Months | 25000 |
| GTE Financial | 4.54% APY | 60 Months | 500 |
| Popular Direct | 4.53% APY | 60 Months | 10000 |
| Bread Savings | 4.25% APY | 60 Months | 1500 |
CD Interest Calculator
Use the calculator below to see how much interest you will earn in a CD or annuity. Enter your initial investment amount, the fixed annuity or CD rate and term in the calculator below then hit CALCULATE.
By default, you’ll see what your annuity or CD will be worth at the end of the investment term based on compounding interest and no withdrawals.
If you would like to know how much interest you will earn monthly scroll past the bar chart below and click the monthly tab (just to the right of the annual tab).
Key Take-Aways
A certificate of deposit is very similar to a fixed annuity. If you are looking for a safe and steady way to grow your retirement savings you can learn more about fixed “CD Type Annuities” here.
If you would like a personalized annuity quote you can contact us or use one of our fixed annuity calculators to see how much an annuity would pay you.
FAQs
Are Annuities FDIC Insured?
While not FDIC insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.” Financial Industry Regulatory Authority (FINRA). Visit FINRA’s Fixed Annuities Webpage
Can you Loose money in a fixed annuity?
You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.
Does a Fixed Annuity Have any Fees?
Fixed Annuities do not have any fees or expenses unless you add an additional rider that was not mentioned on this page.
El Dorado Savings Bank Contact Info
Customer Service Phone Number:
Mailing Address:
4040 El Dorado Rd.
Placerville, CA 95667
