Certificates of Deposit (CDs)
You work hard for your money. Why not let it work for you?
BankWest provides competitive rates and flexible terms.
Why a CD?
Certificates of Deposit, or CDs, are one of the safest investments you can make. Enjoy financial security knowing your funds are FDIC-insured up to the maximum allowable limits. We provide competitive rates and flexible terms. Call us, visit one of our branches, or contact us using our online contact form for our current rates and to open your account!
Term CD
Flexible terms, low minimum opening deposit, and fixed or variable rates make this a great, safe savings option.
- Terms from 12 months to 60+ months
- Low, minimum opening deposit of $1,000 required
- Fixed or variable rates
- Penalty for early withdrawal
For The Future CD
A low opening deposit of $100 will open this savings product that matures as your children do.
- Helps children get a financial jumpstart on college, trade school or a career
- If the balance is less than $1,000, an ongoing monthly deposit of $10 or more is required until the CD balance reaches $1,000*
- If held in the adult’s name with the child as the beneficiary the minor could eligible for student loans and scholarships without the “For The Future CD” being considered as an available asset for the minor
- The parent and/or adult chooses who will control assets at maturity
- This CD matures in May of the student’s senior year in high school or when the youth reaches age 19, whichever occurs first
- Variable interest rate
- Penalty for early withdrawal
Freedom CD
The Freedom CD offers a fixed rate with the flexibility to cash out without penalty after only seven days.
- 12-month term
- $5,000 minimum opening deposit required
- May be cashed without penalty any time after the FDIC’s seven-day deposit requirement
- Customers have one (1) partial withdrawal per year as long as the remaining balance does not fall below the minimum required opening balance
- Fixed rate
Disclosure
*If a monthly deposit of $10 or more is not made for three consecutive months, the account will be closed.
Helping you cultivate financial success
If you haven’t made a mobile deposit using BankWest’s mobile app now is the perfect time. Here's how!
There’s no time like the present to get your personal finances organized and under control. Take a look at these ideas to strengthen your portfolio and make your money start working (out) for you!
