Benefits of a CD Account
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Fixed Interest Rate
CD accounts operate independently from the stock and bond markets, providing steadfast interest rates that outperform returns from traditional saving accounts.
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Predictable Growth
With fixed CD rates comes guaranteed future interest you can calculate and count on, helping you to accurately plan for financial goals years down the line.
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FDIC Insured
Bank of Hope's CD accounts are covered by the FDIC insurance up to the maximum allowed by law.
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Many Term Options
Certificates of deposit are not one size fits all. That’s why Bank of Hope offers multiple CD types and terms, letting you open the best account option for your finances.
Bank of Hope Certificates of Deposit
Online Hope Preferred Certificate of Deposit
New customers or existing customers with new money can take advantage of promotional rates by opening the Online Hope Preferred Certificate of Deposit account with Bank of Hope.
- $1,000 minimum opening deposit & balance to earn interest
- 3, 6, 8, 12, 24, 36, 48 or 60 Month Terms
- No additional deposit allowed before maturity
- No principal balance withdrawal allowed before maturity
- A penalty may be imposed for early withdrawal before maturity
Account is subject to approval. Other fees and charges may apply. The account is covered by FDIC insurance up to the maximum allowed by law.
Hope Preferred Certificate of Deposit
Start earning interest today with our Hope Preferred certificate of deposit.
- $1,000 minimum opening deposit & balance to earn interest
- 3, 6, 8, 12, 24, 36, 48 or 60 Month
- No additional deposit allowed before maturity
- No principal balance withdrawal allowed before maturity
- A penalty may be imposed for early withdrawal before maturity
- For current rates, please contact our call center at 1-855-325-2226 or your nearest branch during normal business hours.
Regular Certificate of Deposit
Earn interest at a fixed rate on funds you have on deposit for a specified period of time.
- $1,000 min. opening deposit & balance to earn interest
- 1 Month to 60 Month Terms
- No additional deposit allowed before maturity
- No principal balance withdrawal allowed before maturity
- A penalty may be imposed for early withdrawals
- For current rates, please contact our call center at 1-855-325-2226 or your nearest branch during normal business hours.
IRA Certificate of Deposit
Open a certificate of deposit account geared towards your retirement needs.
- $1,000 min. opening deposit & balance to earn interest
- 12 Month or 18 Month Terms
- Additional deposits into account are allowed except during the last seven (7) days before maturity date
- A penalty may be imposed for early withdrawals
- For current rates, please contact our call center at 1-855-325-2226 or your nearest branch during normal business hours.
Flex Certificate of Deposit
CD benefits with the flexibility of deposit and withdrawal options.
- $5,000 min. opening deposit & balance to earn interest
- 12 Month or 18 Month Terms
- Two additional deposits up to the initial or the last renewal account balance are allowed during each term except during the last seven (7) days before the maturity
- Two withdrawals up to 50% of the initial or the last renewal account balance are allowed but must be six (6) days after the date of account opening, last withdrawal, or the last additional deposit
- The principal balance cannot exceed $250,000 at any time
- A penalty may be imposed for early withdrawals
- For current rates, please contact our call center at 1-855-325-2226 or your nearest branch during normal business hours.
Online Hope Preferred Certificate of Deposit
New customers or existing customers with new money can take advantage of promotional rates by opening the Online Hope Preferred Certificate of Deposit account with Bank of Hope.
- $1,000 minimum opening deposit & balance to earn interest
- 3, 6, 8, 12, 24, 36, 48 or 60 Month Terms
- No additional deposit allowed before maturity
- No principal balance withdrawal allowed before maturity
- A penalty may be imposed for early withdrawal before maturity
Account is subject to approval. Other fees and charges may apply. The account is covered by FDIC insurance up to the maximum allowed by law.
Hope Preferred Certificate of Deposit
Start earning interest today with our Hope Preferred certificate of deposit.
- $1,000 minimum opening deposit & balance to earn interest
- 3, 6, 8, 12, 24, 36, 48 or 60 Month
- No additional deposit allowed before maturity
- No principal balance withdrawal allowed before maturity
- A penalty may be imposed for early withdrawal before maturity
- For current rates, please contact our call center at 1-855-325-2226 or your nearest branch during normal business hours.
Regular Certificate of Deposit
Earn interest at a fixed rate on funds you have on deposit for a specified period of time.
- $1,000 min. opening deposit & balance to earn interest
- 1 Month to 60 Month Terms
- No additional deposit allowed before maturity
- No principal balance withdrawal allowed before maturity
- A penalty may be imposed for early withdrawals
- For current rates, please contact our call center at 1-855-325-2226 or your nearest branch during normal business hours.
IRA Certificate of Deposit
Open a certificate of deposit account geared towards your retirement needs.
- $1,000 min. opening deposit & balance to earn interest
- 12 Month or 18 Month Terms
- Additional deposits into account are allowed except during the last seven (7) days before maturity date
- A penalty may be imposed for early withdrawals
- For current rates, please contact our call center at 1-855-325-2226 or your nearest branch during normal business hours.
Flex Certificate of Deposit
CD benefits with the flexibility of deposit and withdrawal options.
- $5,000 min. opening deposit & balance to earn interest
- 12 Month or 18 Month Terms
- Two additional deposits up to the initial or the last renewal account balance are allowed during each term except during the last seven (7) days before the maturity
- Two withdrawals up to 50% of the initial or the last renewal account balance are allowed but must be six (6) days after the date of account opening, last withdrawal, or the last additional deposit
- The principal balance cannot exceed $250,000 at any time
- A penalty may be imposed for early withdrawals
- For current rates, please contact our call center at 1-855-325-2226 or your nearest branch during normal business hours.
Find the Right CD for You
Let us know a little about you and we'll suggest a certificate of deposit account for you!
Compare and Select
| Account Type | Online Hope Preferred Certificate of Deposit |
Regular Certificate of Deposit |
Flex Certificate of Deposit |
IRA Certificate of Deposit |
|---|---|---|---|---|
| Min. Opening Deposit | $1,000 | $1,000 | $5,000 | $1,000 |
| Terms | 3, 6, 8, 12, 24, 36, 48 or 60 M | 1M to 60M | 12M or 18M | 12M or 18M |
| Min. Balance to Earn Interest | $1,000 | $1,000 | $5,000 | $1,000 |
| 24/7 Telephone Banking | ✔ | ✔ | ✔ | ✔ |
| 24/7 Online Banking | ✔ | ✔ | ✔ | ✔ |
Need Help?
Contact Us
Call us at 1-855-325-2226
Mon-Fri: 5:30 am - 6:00 pm (PST)
Sat: 6:00 am - 1:00 pm (PST) or
visit a branch near you.
Message Us
Send us an email and one of our representatives will reach out to you soon.
FAQ About Certificate of Deposit (CD) Accounts
A certificate of deposit account provides a locked rate of interest that is typically greater than what is offered for checking accounts.
However, in turn for the higher earning potential, you commit to keeping your funds in place for an agreed-upon amount of time. Money can be withdrawn before the set maturation date, but will be accompanied by a penalty.
Specific CD interest rates will vary based on the type of CD you choose and the length of the term. However, as of 1/13/2023, online rates range 3.00% - 4.01% APY.
Bank of Hope charges no fees for opening a CD account with us.
Almost all financial institutions, including Bank of Hope, will not let you add new funds to a traditional CD that has yet to mature. However, you can open a new certificate of deposit account.
The good news is that a CD is considered to be collateral that you can leverage when obtaining a personal loan.
Yes, we will contact you via mail typically within 30 business days of the maturation date.
If you take no action, this account will automatically renew. However, you also have the option to withdraw funds or roll the money into a new CD.
The term “CD ladder” refers to strategically opening CD accounts with differing terms, assuming that the longer durations have higher interest rates. When the shorter-term CDs reach maturity, you may then withdraw the cash, renew for the same conditions, or roll the money and earned interest into the longer-term CD.
We suggest scheduling an appointment with one of our bank specialists to discuss the preferred CD ladder structure for your savings and overall financial objectives.
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