SAVINGS
Certificates of Deposit and Savings RatesCD Rates Fresno & San Luis Obispo
Whether you’re saving for a goal or want to grow your nest egg without risk, Murphy Bank stands out.
The numbers don’t lie. We offer Certificates of Deposit with higher interest rates than most banks.
Certificates of Deposit (CDs) are a safe and reliable way to invest your money at a fixed rate over a specific period of time. Not only does Murphy Bank offer higher CD rates than most banks, but we also offer a personal touch, whether you talk with us on the phone or in person. While it’s true that our personal touch won’t do anything extra for your bank balance, you can enjoy peace of mind when your questions are answered face to face. At Murphy Bank, we think that matters.
Deposits are limited to California residents only. The U.S. Patriot Act requires proof of identity to open an account.
Details
Savings Options with Murphy Bank
Passbooks / Regular Savings Accounts
| Minimum Deposit 1 | Rate | Percent Yield (APY)* |
| $ 500 - $9,999 | 0.60% | 0.60% |
| $ 10,000 - $24,999 | 0.85% | 0.85% |
| $ 25,000 + | 1.35% | 1.36% |
SAVINGS - Any savings account closed within 90 days of its opening date will be assessed a fee of $25.00.
Fixed Rate Certificates of Deposit (CD)
Amount: $1,000 - $9,999 1
| Term | Rate | Percent Yield (APY)* |
| 3 Months | 2.96% | 3.00% |
| 6 Months | 3.45% | 3.50% |
| 12 Months | 3.93% | 4.00% |
| 24 Months | 3.54% | 3.60% |
Amount: $10,000+ (Jumbo)1
| Term | Rate | Percent Yield (APY)* |
| 3 Months | 3.20% | 3.25% |
| 6 Months | 3.93% | 4.00% |
| 12 Months | 4.70% | 4.80% |
| 24 Months | 3.69% | 3.75% |
LOYAL CUSTOMER RATE BONUS: An extra 0.20% over the rate shown above will be paid on all fixed rate certificate accounts renewing (not new accounts) that have been open for a consecutive period of one year or longer.
Interest Penalty – There is a substantial penalty if you withdraw any or all of the funds before the maturity date.
IRA CD – Minimum term for an IRA CD is 1 year.
RATES SUBJECT TO CHANGE WITHOUT NOTICE. We invite you to call us at (559) 225-0225 to verify current rates or to open a new CD.
1 – Minimum deposit to open an account and minimum daily balance (the amount of principal in the account each day) to obtain the annual percentage yield.
* RATE/ANNUAL PERCENTAGE YIELD: Customer receives the rate shown if interest is withdrawn monthly or is transferred to another account. The customer will earn at an APY shown only if the funds remain on deposit to maturity and no interest is withdrawn from the account during that period of time. Any withdrawal of interest will reduce earnings to less than the APY shown.
WIRE FEE: Funds wired out will be assessed a $20.00 fee.
Returned Check Fee - $25.00
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents.
ACCOUNT INACTIVITY: In the event an account remains inactive for a period of 3 years, the money deposited in such an account will be turned over to the State of California as provided in the Code of Civil Procedures Section 1513 of the California Unclaimed Property Law and Regulations.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
Have a Question?
Contact us now.
Fresno Office
5180 N. Palm Ave. Suite 101
Fresno, CA 93704
Ph: (877) 225-0318 (Toll-Free)
Savings Inquiries - Ph: (559) 225-0225
Lending Inquiries - Ph: (559) 225-0318
Fax: (559) 225-9298
Monday - Friday, 8:30 am - 4:30 pm
San Luis Office
892 Aerovista Place, Suite 110
San Luis Obispo, CA 93401
Ph: (805) 250-2300 | Fax: (805) 787-0415
Monday - Friday, 8:30 am - 4:30 pm