Here you can find the latest Poppy Bank CD rates, offers, and promotions.
Best CD Rates: 6-Month, 9-Month, or 12-Month CD, 4.00% APY, $1k minimum deposit
Availability: California. CDs can only be opened in-branch at any of 16 Northern California branches located in Alameda, Corte Madera, Menlo Park, Milpitas, Napa, Petaluma, Pleasanton, Roseville, San Francisco, San Rafael, Santa Rosa (4), Walnut Creek, and Windsor, or four Southern California branches located in Costa Mesa, La Jolla, Long Beach, and Los Angeles.
Credit Inquiry: Unknown
About Poppy Bank
Since opening their first branch in January 2005, Poppy Bank has grown to over $3 Billion in assets with branches across the San Francisco Bay Area, Roseville and Southern California. They also have loan production offices in Northern and Southern California.
Certificate Specials
| Term | APY Rate | Minimum Deposit |
| 3-Month | 3.00% | $1,000 |
| 6-Month | 4.00% | $1,000 |
| 9-Month | 4.00% | $1,000 |
| 12-Month | 4.00% | $1,000 |
| 18-Month | 2.00% | $1,000 |
| 24-Month | 2.00% | $1,000 |
| 36-Month | 2.00% | $1,000 |
| 48-Month | 2.00% | $1,000 |
| 60-Month | 2.00% | $1,000 |
*The above rates are accurate as of 10/06/2022*
Poppy Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.
Interest is compounded daily and credited monthly and can be withdrawn penalty-free at any time.
You can fund your CD by ACH, wire transfer, or check. Maturing funds will be distributed by cashier’s check to the address on file, wire transfer, or deposited into a Poppy Bank savings or checking account.
Poppy Bank will give you a seven day grace period before a CD automatically renews at the then-current rate.
With as little as $1,000, you can invest in a CD account to maximize your earnings. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.
Finally, unlimited beneficiaries (with equal shares) can be designated, with full legal name, DOB, and Social Security number required for each named beneficiary.
- Minimum deposit: $1,000
- Maximum deposit: None
- Early withdrawal penalty:
- 30 days of interest – 6-month CD
- 90 days of interest – 9-month CD and 12-month CD
(FDIC Insured)
| Compare to the best CDs such as Blue FCU 15-Month CD (5.25% APY), First Mid Bank & Trust 9-Month CD (5.00% APY), Blue FCU 9-Month No Penalty CD (5.10% APY), and Western Alliance Bank 12-Month CD (5.51% APY). |
Poppy Bank CD Features
- Flexible terms
- Select Your Own Rate
- Interest Compounded Daily
- Open With as Little as $1,000
- Federally insured by FDIC
Bottom Line
In my opinion, I would definitely check out this CD rate at Poppy Bank. Additionally, both the rates are rather high compared to others and you only need $1,000 to open this account.
Furthermore, this is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*Although Poppy Bank offers competitive rates, I recommend checking out promotions at Discover Bank to find some other great products.
This is a great opportunity to invest in a high-interest CD from Poppy Bank. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Additionally, be sure to apply as soon as you can to start your new account experience. Check back often for the latest Poppy Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
