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CD & IRAs

Boost your savings with a 1.00% Annual Percentage Yield (APY) when you open a one-year CD today!

CD & IRAs

Boost your savings with a 1.00% Annual Percentage Yield (APY) when you open a one-year CD today!


Certificates of Deposit (CD) 1 Year, 1.00% APY

With a CD, you can earn a higher rate of interest than a typical savings account. Don’t miss out on 1.00% Annual Percentage Yield (APY) when you open a one-year CD with CPB today!

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 banking

Limited time offer. APY is effective as of July 6, 2022. $2,500 minimum balance to obtain APY. The APY assumes interest will remain on deposit until maturity. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal. CPB Checking or Savings account is required to receive this rate. Offer is subject to change and is not combinable with other offers. Other restrictions apply. 

Exceptional Offer for Exceptional Checking Customers

And if you’re an Exceptional Checking customer, you can receive an even more exceptional boost to your savings! For a limited time, we’re offering Exceptional Checking customers 1.25% APY when opening a one-year CD.* A minimum deposit of $5,000 from another financial institution is required to obtain this APY. 


Ready to get started? Visit a branch today or call our Customer Service Center at 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. Don’t miss out on 1.00% Annual Percentage Yield (APY) when you open a one-year CD with CPB today!

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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.

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

*
Limited time offer. Annual Percentage Yield (APY) is accurate as of July 25, 2022. A minimum deposit of $5,000 from another financial institution is required to obtain APY. $5,000 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.