You can open all CalFirst CDs terms online. You can complete the entire application through the CalFirst website. There is also the option to apply by calling customer service or mailing in an application.

The shorter-term CDs offer more competitive rates than long-term CDs. The rates are more competitive with online CDs than long-term CDs. The short-term CDs include a three month and six-month term.

Customers can choose how to receive interest payments. You can have the money credited to your CD or another CalFirst account. You can have the money transferred into another bank account, or have the interest mailed to you in a check. Interest will credit to your account monthly.

Customers can choose how to receive interest payments. You can have the money credited to your CD or another CalFirst account. You can have the money transferred into another bank account, or have the interest mailed to you in a check. Interest will credit to your account monthly.

The initial amount required to open CalFirst CDs is high. Each of the standard CD terms requires $5,000 to open. You must keep that amount in the CD to earn interest. To open IRA CDs and earn interest requires a balance of $2,000.

There is a limited amount of CD terms offered through CalFirst. There are five CD terms available. Those terms range from three months to three years. CalFirst provides CD terms as standard CDs or IRA CDs. All terms can be opened online.

CalFirst CD interest rates are low. They are not competitive with online CD rates. These rates are competitive with typical bank rates. CalFirst rates are not tiered. Any balance over the opening amounts earns the rates listed on the website.

There are only two early withdrawal fees for CalFirst CDs. For terms less than one year, the fee is 90-days of interest. For CD terms 12-months or longer, the fee is 180-days of interest. If you withdraw money early, you must pay that amount of interest even if you have not earned it.

Read the full California First National Bank review.

PurePoint Financial offers competitive interest rates on each CD term. Their interest rates are competitive with other online CD accounts. PurePoint rates are some of the leaders in the market of online CD accounts. The interest rates are not tiered. Any amount over $10,000 earns the most competitive interest rate offered.

There are four ways to fund your PurePoint CD accounts. Fund your account through an online electronic transfer from a linked account. You can also fund your account through a mobile deposit, a wire transfer, or by mailing in a check. You can only make a deposit into PurePoint CDs when you open the account.

There are a variety of CD terms available through PurePoint Financial. The terms range from six-months to five-years. There is a total of nine CD terms offered. Each of the terms requires $10,000 to open.

PurePoint Financial offers its Best Rate Commitment. Once you fund your PurePoint CD, they watch the rates for ten days. During that time, whatever is the highest rate offered will be the rate you receive for the duration of the CD term. If you renew your CD for the same term, you are again given the ten-day period to lock in the highest rate.

To open PurePoint CDs requires a high amount. Each term requires $10,000 to open. Once you open the account, you earn the most competitive interest rates for any balance over $10,000. PurePoint CDs do not have tiered interest rates.

There is a fee if you withdraw money from your PurePoint CD before it reaches maturity. The fee for any CD term length is 181 days of interest on the withdrawn amount. That fee applies to every PurePoint CD.

The opening required amount to open PurePoint CDs is $10,000. That amount must come from a one-time deposit of at least that amount. The deposit can only come from a single account. If PurePoint does not receive that funding within 45 days, they will close the account. Once you open and fund a CD, you cannot deposit into the CD during the life of the CD term.

To open an account with PurePoint Financial requires signing up for online banking. It does not matter if you open an account over the phone, online, or in person. If the primary account holder does not enroll in online banking within 90 days, PurePoint will close the account. If you open an account over the phone, you only have 30 days to enroll in online banking. A valid email address is also required.

Read the full PurePoint Financial review.