Centennial Bank Rates & Review
- Savings
Updated: 2012-05-16 -
APY
0.80%
Min to Earn APY: $500 - Variable rate savings account - apply online
- CD Rates
Updated: 2012-05-16 - from CentennialBank.com.
- Compare cd rates across all banks
- Term
- APY
- Min. To Earn APY
- Compounding Method
Centennial Bank Review
Centennial Bank is a Fountain Valley, California bank that deals in CDs, IRAs, FHA multi-family housing loans and REO properties.
Established in 1979, Centennial Bank's headquarters and sole retail office are located in Fountain Valley, California, a suburban city within Orange County. Customers can complete applications and get customer service in person, over the phone, and online.
Savings account options
Centennial Bank offers a variable rate passbook savings account. For customers meeting minimum deposit requirements there is a certificate (CD) or an IRA with a term of one to five years. Checking is not available.
Real estate services
Centennial Bank specializes in the FHA 223 (f) multi-family home loan. The bank is a HUD-approved lender for this type of loan, which is a refinancing option for people who own multi-family homes and need to get better rates on their mortgages. The bank also assists potential buyers of commercial properties in finding REO (foreclosed) homes for sale.
Deposit insurance
CD and IRA deposits at Centennial Bank are FDIC-insured to the maximum amount allowed by law. This amount is currently $250,000 per individual account.
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