Safe Way to

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Bank of Hope Personal Installment Savings

With Bank of Hope's Installment Savings, you can save up a goal amount easily by making fixed monthly payments for a specific time period.

Installment Savings Monthly Deposit Schedule
Goal/Term 12 Months 24 Months 36 Months 48 Months 60 Months
APY* 1.51% 1.77% 2.02% 2.79% 3.05%
$1,000.00 $82.67 $40.92 $26.94 $19.70 $15.44
$5,000.00 $413.31 $204.57 $134.65 $98.44 $77.15
$10,000.00 $826.61 $409.13 $269.30 $196.87 $154.30
$15,000.00 $1,239.91 $613.70 $403.95 $295.30 $231.44
$20,000.00 $1,653.21 $818.27 $538.60 $393.73 $308.59

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Bank of Hope Personal Installment Savings: *The stated APY (Annual Percentage Yield) of 1.51% for a term of 12 months, 1.77% for a term of 24 months, 2.02% for a term of 36 months, 2.79% for a term of 48 months and 3.05% for a term of 60 months are accurate as of 01/02/2018. The rate is fixed until your maturity date. A minimum opening deposit varies depending on the Contract Term. The Goal Amount ranges from $1,000 to $100,000. The amount at maturity may be different from the original Goal Amount. The Goal Amount is guaranteed only when the monthly payments are made according to the monthly payment schedule. Your monthly payment must be automatically transferred from a linked checking or savings account at Bank of Hope. The account must be closed at maturity. If you choose to withdraw the amount before maturity, you must withdraw the entire balance and close the account. A closing fee will apply for early withdrawal before maturity. Fees may reduce earnings on the account. Terms and conditions are subject to change without notice. Contact your local branch for additional information.