CDs
Power Your Savings With CDs
Certificates of Deposit (CDs) are an effective, low-risk form investment.
Maximize Your Savings
Open a CD today to lock in a great rate and earn steady returns.1
Fixed interest rates, compounded daily
No opening or maintenance fees
$1,000 minimum balance
Flexible terms from 32 days to 5 years
FDIC insured up to $250K per depositor, per insured bank, for each account ownership category
How Do CDs Work?
A CD is an interest-bearing account, where funds must remain in the account for an agreed upon period of time, or “term”. You choose the investment term that works best for you – with our CD offering terms ranging from 32 days to 5 years. Early withdrawal penalties will apply if funds are withdrawn before term maturity.
Generally, CD accounts let you earn a higher rate of return on money you know you won't need for a while. The fixed interest rate is guaranteed for the term of the CD if funds remain in the account until term maturity, making CDs a great low-risk investment option.
Want to learn more?
How to Apply
To be eligible to open a CD from our
mobile App, you must first have a
qualifying checking or savings
account.2,3
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Get started from the App
Login to the App and select CD from Explore Products on the Dashboard. Don’t have the App? Download here.
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Select an opening deposit
Select the CD opening deposit amount and term that best suit your needs.
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Confirm and submit
Confirm your contact information, submit your application and fund your CD from your qualifying checking or savings account, all within minutes.
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Check for confirmation
Check your email for your new CD confirmation, and you’re all set.
Need Help?
Disclosure
1 CD Annual Percentage Yields (APY) may vary based on term and opening balance. Early withdrawal penalties may apply. Fees may reduce your earnings. Please refer to the additional disclosures received at account opening for complete terms, fees and conditions.
2 Use of East West Bank’s mobile banking application requires a data connection. Wireless carrier charges may apply.
3 To open and fund a CD in-app, you must have a qualifying East West Bank checking or savings account held individually or jointly in your name. See Product Terms and Conditions for additional requirements.