Wilshire State Bank is offering a higher-than-average 3.82% APY rate on their Rainbow Savings Accounts. The Rainbow Savings account is an monthly installment based plan where depositors must make fixed contributions on a per the terms of the contract agreement. Customers wanting to earn the highest interest rate must opt into a contract including automatic contributions from a Wilshire State Bank deposit account including:
- To qualify for the high 3.82% APY a 36-month deposit contract must be agreed to
- Deposit amounts for the contract include deposit contributions amounts totaling r $1,000, $5,000, $10,000 or $20,000
- Maximum contract amount is $100,000
- Contract is automatically nullified if customer fails to make 3 consecutive monthly contributions
- Fees or penalties may apply if terms are not met
- FDIC insured up to $250,000
Wilshire State Bank is a branch arm of Wilshire Bancorp Inc. Although the financial institution is headquartered in Los Angeles, Calif., there are locations throughout the United States including options in Texas, New Jersey, and New York.
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
