Both of these bank accounts come with very high fees. It is possible to avoid these fees by keeping an eye on your bank account balances each month, but still â€” that means you need to be on guard every single month, lest you miss one and end up being charged a bundle for that month. For that reason, we donâ€™t recommend these checking accounts.
If you still want to earn interest on your checking account with more favorable terms, we recommend these top checking accounts instead. They offer higher rates, lower minimum balance requirements and no monthly fees.
When it comes to good interest rates, California First National Bankâ€™s savings account falls well short of the mark. In fact, you can find online savings accounts offering more than three times what this bank is offering on its savings account.
Even worse, this savings account comes with fees that youâ€™ll need to jump through hoops to avoid each month. Then thereâ€™s also the fact that it doesnâ€™t come with an ATM card, which can be inconvenient. All of these are reasons why we recommend looking elsewhere for a savings account.
With most CDs, the longer the term length you select, the higher the interest rate. Most banks also offer a wider range of term lengths, up to 5 years in length. But thatâ€™s not the case with these CDs: the two longest CDs are only 2 and 3 years, and they also offer very poor interest rates.
On the flip side, the 3 month, 6 month and 1 year CDs offer decent rates. These could be good accounts to open if you want to cycle through these CDs quickly and earn decent rates. However, you can still earn better rates for longer-term deposits with these top online CD accounts instead. We recommend checking those out first.
Although this is the highest-earning savings account at California First National Bank, it still falls well short of what the top money market accounts are offering these days â€” the best accounts are currently offering two to four times what you can get at this bank. Thatâ€™s why we suggest looking elsewhere if you really want to maximize the amount of money you get from your money market account.
California First National Bank actually does offer some decent rates on its IRA CDs â€” but only for the 3 month, 6 month and 1 year CD options. These rates are very close to the top contenders for IRA CD rates, but theyâ€™re still not quite there yet. If you want to earn the best rates possible on your IRA CD deposit (including earning more for longer-term CDs that California First National Bank doesnâ€™t offer), try checking out these IRA CD accounts instead.
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