Certificates of Deposit

Keep your money working for you.

Keep your money working for you. 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.

BankWest provides competitive rates and flexible terms.

Accounts Key Benefits
Term CD Flexible terms, low, minimum opening deposit and fixed or variable rates make this a great, safe savings option.
Laddered CD Portfolio This CD earns premium interest rates with a minimum investment of $25,000 — spread evenly over five CDs.
36-Month Rising Rate CD The interest rate increases every 12 months, over a 36-month period, with a minimum investment of $25,000.
For the Future CD A low, opening balance of $100 will open this savings product that matures as your children do.
Freedom CD The Freedom CD offers a fixed rate with the flexibility to cash out without penalty after only 7 days.

Term Certificate of Deposit (CD)

  • Terms from 32 days to 60+ months
  • Low, minimum opening deposit of $1,000 required
  • Fixed or variable rates
  • Penalty for early withdrawal
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Laddered CD Portfolio

  • The laddered CD portfolio begins with the purchase of CDs of equal dollar amounts in a series of staggered maturity dates. This process allows investors to take advantage of the higher interest rates typically available with longer-term CDs, while maintaining access to funds by rotating the maturity of the CDs.
  • To set up a 5-year ladder, an investor would purchase a 1-, 2-, 3-, 4- and 5-year CD. As each CD matures, it is reinvested in a five-year CD. At the end of the initial 5-year period, the investor would have a portfolio of five, 5-year CDs with one CD maturing every year.
  • $25,000 minimum opening deposit
  • Penalty for early withdrawal
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36-Month Rising Rate CD

  • 2.01% Annual Percentage Yield* for the 36-month term
  • For customers making a CD investment of $25,000 or more
  • Rate starts at 1.80% and increases 0.20% every 12 months
  • Penalty for early withdrawal

*APY accurate as of April 23, 2018. $25,000 minimum balance required to open account.


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For the Future CD

  • An account to help adults provide children with a financial jumpstart on college, trade school or a career.
  • This CD can be opened with as little as $100. If the balance of the CD is less than $1,000, an ongoing monthly deposit of $10 or more is required until the CD balance reaches $1,000.*
  • The CD can be held in the adult’s name with the child as the beneficiary in order for the minor to be eligible for student loans and scholarships without the “For The Future CD” being considered as an available asset for the minor.
  • At account opening, 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
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Freedom CD

  • 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 can have one (1) partial withdrawal per year as long as the remaining balance does not fall below the minimum required opening balance
  • Fixed rate

Curious about our Certificate of Deposit rates?

We provide competitive rates and flexible terms. Contact us to discuss our current CD rates. Call (800) 253-0362, visit one of our branches or contact us using our online contact form.

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