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CD & IRAs

CD & IRAs

Home  /  Personal Banking  /  Savings  /  CDs and IRAs

Exceptional CD Rate from Hawaii's Best Bank


3.50%APY1
11 months

A minimum deposit of $10,000 from another institution is required to obtain APY.

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Limited time offer:

3.50%APY1
for 11 months

(requires $10,000 new money from another institution)


To qualify for this rate, you must either open or have an Exceptional Checking account with us. This CD special automatically meets the minimum requirement to avoid service charge on our Exceptional Checking account.

Featured benefits of a CD include:
  • Safe investment, regardless of how the market does
  • Predictability in how much your money will grow
  • View your balance anytime over online and mobile banking

Are you ready to boost your savings with exceptional rates? Visit a branch today. For more information call our Customer Service Center at 808-544-0500.

Not an Exceptional Checking account customer? Click below to find out why having an Exceptional Checking account is so exceptional!

 HMAA-Plant

1. Limited time offer. Annual Percentage Yield (APY) is accurate as of February 6, 2023. Minimum balance to obtain APY is $10,000. $1,000,000 maximum per customer. CD qualifies towards Exceptional Checking balance. APY assumes interest will remain on deposit until maturity. Fees may reduce the earning on the CD account. A penalty may be imposed for early withdrawal. Offer is subject to change and is not combinable with other offers. Other restrictions may apply. All CPB CD specials are FDIC insured, up to $250,000 per category. Full list of rates available at cpb.bank/rates/personal.

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Certificates of Deposit (CD)

With a CD, you can earn a higher rate of interest than a typical savings account. 

see current rates
see current rates
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IRAs (Individual Retirement Accounts)2

Make contributions today and you could defer taxes until retirement.

Traditional IRA

A traditional IRA is a tax-deferred retirement savings account which means money that you deposit and the interest you earn are not taxed until you make withdrawals in retirement. Deferring taxes allows an IRA to grow faster because all your contributions and earnings can compound each year without being hindered by taxes.

Roth IRA

If a Traditional IRA seems too restrictive, a Roth IRA may be more suitable. It's available to more people, allows couples to contribute more, grants greater flexibility with withdrawals, and offers better tax benefits. You can even convert your existing IRA to a Roth IRA (consult with your tax advisor).

  • Tax-Free Earnings
  • Tax-Free Withdrawals
  • No Mandatory Withdrawals. You can continue to earn tax-free income because you are never required to take a distribution from a Roth IRA, even if you are over age 70½.
  • First Home Purchase Withdrawal. You can withdraw up to $10,000 from your account Federal tax-free and IRS penalty-free for the purchase of a first home (account must be open for at least 5 years).

For more information, visit any Central Pacific Bank branch or call our Customer Service Center at (808) 544-0500 or toll-free at 1-800-342-8422.

2. A penalty may be imposed for early withdrawal. Please consult your tax advisor for more information.