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Certificates of Deposit - First Hope Bank

Certificates of Deposit

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Overview

Greater interest than savings accounts
Terms from 3 months to 5 years
Interest can be paid out monthly, quarterly, or added to CD principal
Penalty for early withdrawal
Risk-free CD option allows early withdrawal (see below)
$500 minimum to open
FDIC insured

We know first hand that things move fast in the business world, so we do our best to help your business earn and save efficiently. With a Certificate of Deposit from First Hope, you can capitalize on your investments without any hassle when you get a locked-rate CD. The best part? It’s risk-free, and your funds are always available to you! Don’t let the worry of locking up funds long-term prevent you from accelerating your bottom line.

Risk-free CDs

With the unpredictability of the business world, we do what we can to eliminate excess risk. That’s why we offer the Risk-free CD. This account lets you make an early withdrawal of up to half your principal without penalty any one time per term.

– Three terms available: 36 months, 48 months, 60 months
– $2,500 minimum to open
– Open to new money only

Certificates of Deposit

Certificates of Deposit
Product	Interest Rate Paid	APY¹
3 Month	0.05%	0.05%
6 Month	0.15%	0.15%
12 Month	0.15%	0.15%
18 Month	0.25%	0.25%
24 Month	0.20%	0.20%
30 Month	0.40%	0.40%
36 Month	1.00%	1.00%
36 Month Risk-Free ¹	0.95%	0.95%
48 Month	0.60%	0.60%
48 Month Risk-Free ¹	0.55%	0.55%
60 Month	0.60%	0.60%
60 Month Risk-Free ¹	0.55%	0.55%

¹Minimum deposit at account opening may apply. Statement fee may apply. Currently, applications for new accounts can only be accepted from business owners who are available to visit a branch location to complete the process.