El Dorado Savings Bank CD Rates 2023

El Dorado Savings Bank CD Rates

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El Dorado Savings Bank Rates Reviewed

El dorado savings bank logo

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 RateAPY*Minimum
1 Month CD0.05%0.05%$10,000
2 Month CD0.10%0.10%$1,000
3 Month CD1.00%1.00%$10,000
4 Month CD0.15%0.15%$10,000
5 Month CD0.15%0.15%$10,000
6 Month CD0.16%0.16%$500
7 Month CD2.47%2.50%$10,000
8 Month CD0.18%0.18%$10,000
9 Month CD0.20%0.20%$10,000
10 Month CD0.20%0.20%$10,000
12 Month CD0.20%0.20%$500
14 Month CD2.96%3.00%$10,000
15 Month CD0.30%0.30%$10,000
18 Month CD0.30%0.30%$500
24 Month CD0.40%0.40%$500
25 Month CD0.45%0.45%$1,000
30 Month CD0.50%0.50%$500
36 Month CD0.55%0.55%$500
60 Month CD0.90%0.90%$500

El Dorado Savings Bank Savings Account Rates

Standard Savings$100.000.03%

El Dorado Savings Bank Money Market Rates

Minimum BalanceAPY
$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.

FEATURESFIXED ANNUITYCD
Issued ByInsurance CompaniesBanks
Investment Amount$2,000 - $1,000,000Essentially Any Amount
Investment Term2 years - 10 years3 months - 5 years
Interest Rates (APY)Varies by product.Varies by bank, term and investment amount.
LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
GuaranteesBacked by Insurer & State Guaranty Associations.Backed by the FDIC.
Death BenefitMay avoid probate.Probate process required.

Today's Best Guaranteed Annuity Rates

Fixed annuity rates are guaranteed for a set number number of years.

TermInsurerCompany DetailsAnnuity RateAM BestApplication
2 Years Oceanview life and annuity logo OceanviewHarbourview 4.90%A-Apply
3 Years Farmers life insurance company logo Farmers LifeSafeguard Plus5.50%B++Apply
4 Years Americo annuity logo AMERICOPlatinum Assure5.20%AApply
5 Years Ibexis annuity logo Ibexis MYGA Plus5.90% SimpleA-Apply
6 Years Equitrust annuity logo EquiTrustCertainty Select5.65%B++Apply
7 Years Americo annuity logo AMERICOPlatinum Assure5.55%AApply
8 Years Equitrust annuity logo EquiTrustCertainty Select5.70%B++Apply
9 Years American national annuity logo American NationalPalladium MYG5.10%AApply
10 Years Equitrust annuity logo EquiTrustCertainty Select6.00%B++Apply

Today's Top CD Rates

3 Month CD Rates

BankRateTermMinimum
TotalDirect Bank5.16% APY3 Months$25,000.00
Ponce Bank N.A.5.15% APY3 Months$50,000.00
Brilliant Bank5.10% APY3 Months$1,000.00
Alliant Credit Union4.50% APY3 Months$1,000.00
Popular Direct4.50% APY3 Months$10,000.00

12 Month CD Rates

BankRateTermMinimum
Evergreen Bank Group5.50% APY13 Months10000
NexBank5.40% APY12 Months25000
BrioDirect5.35% APY12 Months500
Bread Savings5.25% APY12 Months1000
Barclays4.80% APY12 Months0

2 Year CD Rates

BankRateTermMinimum
U.S. Senate Federal Credit Union5.28% APY24 Months1000
Summit Credit Union5.25% APY22 Months5000
Idabel National Bank5.05% APY24 Months1000
Bread Savings5.00% APY24 Months1500
PenFed Credit Union4.45% APY24 Months1000

3 Year CD Rates

BankRateTermMinimum
U.S. Senate Federal Credit Union5.23% APY36 Months1000
Quorum Federal Credit Union4.85% APY36 Months1000
Popular Direct4.55% APY36 Months10000
Bread Savings4.50% APY36 Months1500
Barclays4.30% APY36 Months0

4 Year CD Rates

Best 4-Year CD RatesRateTermMinimum
NASA Federal Credit Union4.85% APY49 Months10000
GTE Financial4.85% APY48 Months500
First National Bank of America4.50% APY48 Months1000
Bread Savings4.35% APY48 Months1500

5 Year CD Rates

BankRateTermMinimum
Lafayette Federal Credit Union4.68% APY60 Months500
Department of Commerce Federal Credit Union4.67% APY60-84 Months25000
GTE Financial4.54% APY60 Months500
Popular Direct4.53% APY60 Months10000
Bread Savings4.25% APY60 Months1500

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


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

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.

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:

1-800-874-9779

Mailing Address:

4040 El Dorado Rd.
Placerville, CA 95667

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