Broadway Federal Bank kicked off their online cd specials this month by giving the top cd rates of 3.05% APY for their online certificate of deposit with a 24-month term. Consumers can enjoy the best interest rate with an initial deposit of $1000. This offer is pretty fresh and is still featured on the banks website as of 8 July.

The bank is also offers other competitive money in the bank deal with their 24-,6-, and 3-month certificates of deposit which also give the best CD rates. These are offered nationally and interested individuals can call their customer service lines to verify the rates which may change any time.

The online application page gives applicants an option to fund their accounts via ACH but we received some reports that some account holders encountered some issues with their ACH system. They were advised by the bank to send the check via mail with a copy of their driver’s license enclosed. The account will be considered open upon receipt of the check.

Broadway Federal Bank based in California is known to launch pretty interesting offers. They just recently ended their 12-month CD deal that gave 2.53% APY. It will be best to ask the bank if they will be doing a hard credit pull upon opening an account. This might ding your credit score and we got some tips from some consumers that the bank did a hard credit pull.

Interested individuals can open an account online. The bank will require that you send in a valid ID like your driver’s license. The certificates of deposit can be funded via ACH or by sending in your check through the post. The bank will lock in the rates upon submission of the application.

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