4.05% 5-Month CD at Home Savings of America in California read and submit comments for this post

Home Savings of America is offering a special 5-month CD with a 4.05% APY. Minimum deposit is $100. There's also a 13-month CD with an 3.90% APY. These rates are listed in the bank's California rate table. The bank's other rate table seems to apply to all other states, and it doesn't have the 5-month term. Instead the 4.05% APY applies to a 19-month term.

The bank has a new account application on its website with instructions for mailing, so anyone in California may be able to qualify for this 4.05% 5-month CD special. Please call to verify. California branches are located in Laguna Woods and Seal Beach. The main office is located in Minnesota.

The bank's financial ratings for soundness are a little weak: 3 stars (adequate) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 6/30/08 data. The bank has been FDIC insured since 1934 (FDIC Certificate # 29178).

Thanks to the reader who emailed me the scan of the ad for this promotion.