Regular CD

Terms:
7 days to 3 years
Minimum Balance to Open the Account:
$1,000
Minimum Balance to Obtain Disclosed APY:
$1,000
Rate Information:
The interest rate and Annual Percentage Yield (APY) in effect at account opening will be paid until first maturity. Please contact any Hanmi Bank branch to learn the current interest rate.
Compounding Frequency:
Interest will not be compounded daily
Interest Crediting Frequency:
You can choose to have your interest credited:
Monthly, quarterly, semiannually, annually, or at maturity (if term is 1 year or less). 
Interest may be:
Credited to your account, credited to another checking/savings account you have with us, or paid by check.
Early Withdrawal Penalties:
A penalty may be imposed for withdrawals before maturity. Penalty amount varies by the original maturity term.  Any withdrawal made during the first six (6) days after the account opening will be subject to an early withdrawal penalty of seven (7) days simple interest on the principal amount withdrawn regardless of term.
Transaction Limitation:
You may not make any deposits into your account before maturity. You can only withdraw interest credited in the term before maturity of that term without penalty.
Non-Automatically Renewable Time Deposit:
This account will not automatically renew at maturity. If you do not renew the account, interest will not accrue after maturity.
Renewal of Time Deposit:
You have a choice between renewing automatically or renewing non-automatically.
Balance Information:
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Noncash Deposits:
Renewal:
Daily Balance Computation Method:
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