Savings Bank of Mendocino County savings and CD rates
Savings Bank of Mendocino County advertises 0.05% APY on its Local Choice Savings account. That is 0.32 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #2481 of 2767 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2386.
Estimate your earnings·What Savings Bank of Mendocino County actually pays
Savings Bank of Mendocino County at a glance
| Savings | |
|---|---|
| Top savings APY | 0.05% · Local Choice Savings |
| Minimum to open | $100 · Local Choice Savings |
| Against the national average | 0.32 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.75% · 7 months · 7 Month CD |
| Minimum to open | not stated · 7 months CD |
| Against the national average | 2.34 percentage points above the 1.41% FDIC 6-month CD average (Sep 2026) |
| FDIC certificate | 8011 · Ukiah, CA |
|---|---|
| Website | www.savingsbank.com |
| Branches | 9 branches in CA |
| Availability | Available in CA |
Savings Bank of Mendocino County savings and CD rates
Personal
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Savings Bank of Mendocino County CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 6 months | 2.50% | not stated | 6 Month CD |
| 7 months | 3.75% | not stated | 7 Month CD |
| 12 months | 3.00% | not stated | 12 Month CD |
| IRA CDs | |||
| 1-3 months | 0.10% | $2,000 | IRA Term Account 32 thru 91 Days |
| 3-6 months | 0.15% | $2,000 | IRA Term Account 92 thru 182 Days |
| 6-12 months | 0.20% | $2,000 | IRA Term Account 183 thru 364 Days |
| 12-23 months | 0.30% | $1,000 | IRA Term Account 12 to 23 Months |
| 24-35 months | 0.45% | $1,000 | IRA Term Account 24 to 35 Months |
| 36-59 months | 0.50% | $500 | IRA Term Account 36 to 59 Months |
| 60 months | 0.75% | $500 | IRA Term Account 60 Months Maximum |
Interactive Tool
Calculate Savings for Savings Bank of Mendocino County
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$18.60(0.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,018.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Savings Bank of Mendocino County pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Savings Bank of Mendocino County paid a higher average rate on savings and money market deposits than 1% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Savings Bank of Mendocino County, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Local Choice Savings | 0.05% | $100 | $0 | None | $5 maintenance fee each statement cycle, waived with a $100 minimum daily balance | not stated | One rate | |
| Fine print: A $5 maintenance fee is charged each statement cycle unless a $100 minimum daily balance is kept. | ||||||||
| Cash Kids Club Savings | 0.05% | $5 | $0 | None | not stated | not stated | One rate | |
| Smart Start Savings | 0.05% | $5 | $0 | None | not stated | not stated | One rate | |
| Holiday Savings | 0.05% | $5 | $0 | None | not stated | not stated | One rate | |
| UTMA Savings | 0.05% | $5 | $0 | None | not stated | not stated | One rate | |
| IRA | ||||||||
| IRA Savings Account | 0.05% | $100 | $0 | None | not stated | not stated | One rate | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 6 Month CD | 6 months | 2.50% | not stated | not stated | not stated |
| 7 Month CD | 7 months | 3.75% | not stated | not stated | not stated |
| Fine print: Promotional product. | |||||
| 12 Month CD | 12 months | 3.00% | not stated | not stated | not stated |
| IRA CDs | |||||
| IRA Term Account 32 thru 91 Days | 1-3 months | 0.10% | $2,000 | not stated | not stated |
| IRA Term Account 92 thru 182 Days | 3-6 months | 0.15% | $2,000 | not stated | not stated |
| IRA Term Account 183 thru 364 Days | 6-12 months | 0.20% | $2,000 | not stated | not stated |
| IRA Term Account 12 to 23 Months | 12-23 months | 0.30% | $1,000 | not stated | not stated |
| IRA Term Account 24 to 35 Months | 24-35 months | 0.45% | $1,000 | not stated | not stated |
| IRA Term Account 36 to 59 Months | 36-59 months | 0.50% | $500 | not stated | not stated |
| IRA Term Account 60 Months Maximum | 60 months | 0.75% | $500 | not stated | not stated |
Opening and using the account
| Availability | Available in CA |
|---|---|
| Footprint | 9 branches in CA |
| Eligibility | not stated |
How Savings Bank of Mendocino County behaves over time
Every observation of the advertised Local Choice Savings rate in the last 12 months was 0.05% (observed through Sep 30, 2026). The series includes promotional tiers where one applied.
- Rate last changed
- Sep 28, 2026(effective date)
$10,000 at the 0.05% APY Savings Bank of Mendocino County advertises on Local Choice Savings grows to $10,005 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,676 does today. See how the federal funds rate shapes savings rates.
Savings Bank of Mendocino County CD rates over time
Who is Savings Bank of Mendocino County?
| Headquarters | Ukiah, CA |
|---|---|
| Founded | 1903 |
| Scale | $1.3B assets · $1.0B deposits, $682M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 8011 |
| Charter state | California · one of 115 insured banks chartered there (Q2 2026, FDIC) |
| Size | 877th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 31% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Savings Bank of Mendocino County pays on deposits above.
Common questions about Savings Bank of Mendocino County
Is Savings Bank of Mendocino County FDIC insured?
Yes. Savings Bank of Mendocino County is FDIC insured under certificate 8011, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Savings Bank of Mendocino County?
Savings Bank of Mendocino County requires a minimum deposit of $100 to open its Local Choice Savings account, as observed on Sep 30, 2026. Check the bank's current terms before you open an account.
Does Savings Bank of Mendocino County have branches?
Yes. Savings Bank of Mendocino County operates 9 branches according to FDIC branch records, in addition to its website and mobile apps.
Savings Bank of Mendocino County against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Savings Bank of Mendocino County | 0.05% | 0.06% | $100 | 9 branches in CA |
| 1st Community Bank | 0.05% | 0.45% | not stated | 2 branches in IL |
| Arrow Bank National Association | 0.05% | 2.21% | $500 | 56 branches in NY |
| Bank of Franklin County | 0.05% | 0.50% | $25 | 6 branches in MO |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Savings Bank of Mendocino County's.
Similar banks and related pages
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Rate hubs: today's highest savings rates, and CD rates by term.