El Dorado Savings Bank CD Rates 2022

El Dorado Savings Bank CD Rates
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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!

Table of Contents

El Dorado Savings Bank CD Rates

TermMinimumAPY
3 Month$500.000.10%
6 Month$500.000.16%
1 Year$500.000.20%
2 Year$500.000.40%
3 Year$500.000.55%
5 Year$500.000.90%

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.

 FIXED 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 but usually higher than CDs.Varies by bank, term and investment amount.
LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
GuaranteesBacked by Insurance Company & 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.

Term InsurerAnnuityRatingRateApply
2 Years Oceeanview logo OceanviewHarbourview 2A-2.85%
3 Years Sagicor life logo SagicorMilestone 3A-3.50%
4 Years Sagicor life logo SagicorMilestone 4A-3.70%
5 Years Security sentinel life logo Sentinel SecurityPersonal ChoiceB++4.05%
6 Years Oceeanview logo OceanviewHarbourview 6A-4.30%
7 Years Security sentinel life logo Sentinel SecurityPersonal ChoiceB++4.10%
8 Years Oxford life logo Oxford LifeMulti-Select A3.80%
9 Years Oxford life logo Oxford LifeMulti-Select A3.65%
10 Years Atlantic coast life logo Atlantic Coast LifeSafe HavenB++4.15%

Today's Top CD Rates

3 Month CD Rates

Best 3-Month CD RatesRateTermMinimum
Spectrum Credit Union 0.50% APY3 Months$500.00
Navy Federal Credit Union0.40% APY3 Months$1,000.00
Chevron Federal Credit Union0.50% APY3 Months$500.00
Luana Savings Bank0.55% APY3 Months$1,000.00

12 Month CD Rates

Best 12 Month CD RatesRateMinimum
Live Oak 1.75% APY$2,500.00
Limelight Bank1.25% APY$1,000.00
Lafayette Federal Credit Union0.80% APY$5,000.00
CommunityWide FCU0.75% APY$1,000.00

2 Year CD Rates

Best 2-Year CD RatesRateTermMinimum
Connexus Credit Union 2.86% APY24 Months$5,000
Oceanview Harbourview Annuity2.85% APY24 Months$20,000
Popular Direct2.30% APY 24 Months$10,000
BMO Harris2.25% APY24 Months$1,000
PenFed Credit Union1.25% APY24 Months$1,000

3 Year CD Rates

Best 3-Year CD RatesRateTermMinimum
Sagicore Milestone 33.50% APY36 Months$100,000
Connexus Credit Union 3.01% APY36 Months$5,000
My Banking Direct1.40% APY36 Months$500
Lafayette Federal Credit Union1.01% APY36 Months500

4 Year CD Rates

Best 4-Year CD RatesRateTermMinimum
Sagicor3.70% APY48 Months$100,000
Connexus Connexus Credit Union Credit Union 3.11% APY48 Months$5,000
NASA Federal Credit Union1.70% APY48 Months$500
Teachers Federal Credit Union1.30% APY48 Months$1000

5 Year CD Rates

Best 5-Year CD RatesRateTermMinimum
Milestone 53.85% APY60 Months$100,000
Connexus Credit Union3.21% APY60 Months$5,000
BMO Harris2.80% APY60 Months$1,000
Teachers Federal Credit Union1.65% APY60 Months$1000

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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