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CD & IRAs

CD & IRAs




Earn a higher Annual Percentage Yield (APY) than a typical savings account with our limited time CD specials!*

2.00%APY

9 Months

2.25%APY

18 Months



Benefits of a CD at CPB include:

  • A guaranteed rate, regardless of what happens to the financial markets.
  • Predictability in how your deposit will grow.
  • Visibility of your balance, which can be viewed anytime over online or mobile banking.
  • Confidence that your investment is safe and secure as CPB was recently ranked as the Best Bank in Hawaii by Forbes magazine.
*Limited time offer. Annual Percentage Yield (APY) is accurate as of September 26, 2022. A minimum deposit of $5,000 from another financial institution is required to obtain APY. The APY assumes interest will remain on deposit until maturity. Fees may reduce the earnings 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.


Exceptional Offer for Exceptional Checking Customers

If you are an Exceptional Checking customer, you can receive an even more exceptional boost to your savings!**

2.35%APY

6 Months

2.75%APY

12 Months

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Learn more about this exceptional offer

Ready to get started? Visit a branch today. To learn more, call (808) 544-0500.

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Certificates of Deposit (CD)

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

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IRAs (Individual Retirement Accounts)1

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.

**Limited time offer. Annual Percentage Yield (APY) is accurate as of September 26, 2022. A minimum deposit of $10,000 from another financial institution is required to obtain APY. A CPB Exceptional Checking account is required to receive this rate. $10,000 deposit will count towards the qualified combined balance for an Exceptional Checking account. The APY assumes interest will remain on deposit until maturity. Fees may reduce the earnings 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.

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