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Personal Certificate of Deposit

Give Your Savings a Boost

Secure Your Financial Dreams

Whether your goals are long or short-term, a CD’s guaranteed return will help you get there.

Online Promotion CD

Competitive and fixed terms that can help you grow your savings faster

  • 3.80% APY (18 Month) & 3.60% APY (9 Month)1
  • $1,000 minimum balance to open
  • FDIC insurance up to the maximum limit allowed2
  • Online only
Open Now – 9 Month
Open Now – 18 Month

See Account Terms for details

Certificate of Deposit

Want competitive, fixed interest rates on a variety of terms

  • 1 to 3 years term CDs
  • Fixed interest rates on a variety terms
  • $1,000 minimum balance to open
  • FDIC insurance up to the maximum limit allowed2

See Account Terms for details

Premium CD

Higher CD rates with a higher balance requirement

  • 7 days to 3 years term CDs
  • Competitive interest rates
  • $10,000 minimum balance to open
  • FDIC insurance up to the maximum limit allowed2

See Account Terms for details

For detailed information, see Deposit Account Agreement, and Fee Schedule.

CDs will automatically renew at maturity for the original term, excluding Promo CDs.  A penalty may be imposed on withdrawals made before maturity.  The early withdrawal penalty may reduce the principal balance.

1Annual Percentage Yield (APY) is accurate as of 4/8/2024. 2Per account owner, per institution, and per ownership category. 3This CD account will automatically renew at maturity. The 9-month Promo CD will renew as a Regular 12-month CD after the first maturity and will renew as Regular 12-month CDs thereafter. At renewal the Online Promo CD interest rate will change. A penalty may be imposed for withdrawal made before maturity. Early Withdrawal Penalty may reduce the principle balance. The penalty amount will be equal to one (1) month simple interest of the opening balance. Interest payout will occur at maturity. The 18-month Promo CD will renew as Regular 24-month CD after the first maturity and will renew as Regular 24-month CD thereafter. At renewal the Online Promo CD interest rate will change. A penalty may be imposed for withdrawal made before maturity. Early Withdrawal Penalty may reduce the principle balance. The penalty amount will be equal to three (3) months simple interest of the opening balance. Interest payout will occur annually and at maturity.

What you can expect from Hanmi Bank CDs

No Monthly Maintenance Fees

With our CDs, there are no surprises. Zero monthly service fees let you reach your goals faster.

Predictable Growth

Once you set up a CD, you lock in your interest rate allowing you to calculate your return.

FDIC Insured

Hanmi Bank is a member of the Federal Deposit Insurance Corporation (FDIC). Be confidently assured that your deposits are safe up to FDIC limits.

FAQ

What is a Certificate of Deposit (CD)?

A CD is a type of investment or savings account with a fixed rate and term provided by the bank.

Why do people open CD accounts?

There are many different reasons to put money into a CD:

  • Saving for retirement
  • Down payment on a house
  • Low-risk investment with guaranteed return
  • Controlling your budget
  • Saving for education
  • Buying a car

My CD is maturing soon. Is there anything I need to do?

You will receive a maturity letter from us via postal mail approximately thirty (30) days prior to the maturity date.  Once the CD matures, you will have seven (7) calendar days, known as the grace period, to decide on one of the following options:

  • Automatic Renewal – If you do not take any action, the CD will automatically renew to the same CD term, unless specified otherwise.  (Promo CDs will automatically renew to a different term from the original term. Terms are described in the following question.)
  • Change CD – You can change the CD to a different product or term.
  • Close CD – You can close the CD and request the principal and interest be transferred to another account or be sent to you as a cashier check.

    What happens when a CD automatically renews?

    If you do not contact us to make changes to your CD during the grace period, the CD will automatically renew to another term.  CD interest rate and APY may change to the current rate at the time of the renewal. Please note that different CDs may auto renew at different terms.

    • Regular CD – Automatically renews at maturity for the same term
    • Premium CD – Automatically renews at maturity for the same term
    • Online Promo CD
      • The 9-month Promo CD will renew as a Regular 12-month CD after the first maturity and will renew as Regular 12-month CDs thereafter
      • The 18-month Promo CD will renew as a Regular 24-month CD after the first maturity and will renew as Regular 24-month CDs thereafter

    How is interest calculated for my CD?

    Interest is simple interest and will not be compounded

    Is there an early withdrawal penalty for my CD?

    A penalty may be imposed for withdrawal made before maturity. Early Withdrawal Penalty may reduce the principle balance.  The Early Withdrawal Penalty for each CD is as follows

    • Regular CD – One (1) to three (3) months simple interest of the opening balance, dependent on term.
    • Premium CD – One (1) month simple interest of the opening balance
    • Promo CD
      • 9-month – One (1) month simple interest of the opening balance
      • 18-month – Three (3) month simple interest of the opening balance

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