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Certificates of Deposit (CD)

At Central Pacific Bank, we offer a variety of certificate of deposit (CD) options that make it easy to find the best option for your needs. A CD is a great option for you if you are looking for a safe and secure way to grow your savings.

3 Reasons Why People Like CDs with CPB


We offer a wide range of CDs so you can easily find one that will provide you with the best yields on your money while still keeping it safe and secure. Whether you’re looking to get cash up front or a boost to your savings, CPB offers options to suit your needs and financial goals. Explore our CD offerings.


Our commitment to exceptional customer service goes beyond just offering great rates on CDs; it extends into providing you with peace of mind knowing your funds are safe from market volatility or any other risks. That is one of the reasons why we've been named as one of the best regional banks in Hawaii by Newsweek Magazine.


As the first bank in Hawaii to be FDIC-insured, you can rest assured knowing your deposits are protected up to $250,000 per account!


With such strong support from Newsweek, and being FDIC insured, choosing CPB for your CD is a no brainer! And don't forget about our wide selection of CD options so you can easily find one that meets your needs. So don't wait any longer – visit one of our many branches and get started on building a secure financial future!

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

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.


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