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Best CD Rates in California [December 2023]

The Best California Certificate of Deposit (CD) Rates [Updated: December 2023]

Deciding on a solid short-term investment but don’t know what to choose? If you’re looking to invest for somewhere between 2 and 5 years, certificates of deposit (CDs) and annuities are two great choices.

In this blog, we list the best CD rates in California for December 2023 compared to fixed annuity rates. 

Spoiler alert! Annuities help grow your money significantly faster than CDs!

Best CD Rates in California vs Annuity Rates (December 2023)

The following are the best CD rates in California for December 2023 compared to the best annuity rates. Only insurers rated B++ or better are shown here.

Best 5-Year CD Rate and Annuity Rate (60 Months)

Company Rate Minimum Deposit
5-Year CD Rate BMO Alto 4.50% $1,000
5-Year Annuity Rate Canvas Future Fund Annuity 6.25% $2,500

Best 3-Year CD Rate and Annuity Rate (36 Months)

Company Rate Minimum Deposit
3-Year CD Rate Popular Direct 5.00% $10,000
3-Year Annuity Rate Canvas Future Fund Annuity 6.00% $2,500

Best 2-Year CD Rate and Annuity Rate (24 months)

Company Rate Minimum Deposit
2-Year CD Rate Popular Direct
5.30% $10,000
2-Year Annuity Rate Oceanview 5.30% $20,000
Read more about Craig Simms
Craig Simms
Craig Simms, founder and principal of Forest Lake Consulting, offers comprehensive distribution..
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