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Rates


At Central Pacific Bank, we are committed to small businesses and growing their success. Interest rates and annual percentage yields are subject to change on a daily basis. Fees may reduce earnings on accounts. If you would like more information or have questions about this rate schedule, please contact our Business Banking team at 808-544-0500.

Annual Percentage Yields and Interest Rates Effective: 11/07/2022

View Personal Rates

 

Exceptional Preferred Certificate of Deposit (CD) Specials 1

Minimum $30,000 new funds from another institution, however your CD account may not exceed $1,000,000. Must have CPB Exceptional Checking Account. Limited Time Offer.

Annual Percentage Yield (APY) and Interest Rate Effective: 11/20/2023 and offered for limited time. Fees may reduce earnings on accounts.



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Interest
Rate

Annual
Percentage
Yield (APY)

Minimum Balance to
Open

Minimum Balance2 to
Earn Interest

Exceptional CD Special 6 months3

5.00%

5.00%

$30,000

$30,000

Exceptional CD Special 12 months4

4.75%

4.75%

$30,000

$30,000

1. As long as you are a consumer Exceptional Plan customer, you may open and maintain Exceptional Preferred Certificates of Deposit.

Limited time offer. Annual Percentage Yield (APY) is accurate as of November 20, 2023. Minimum balance to obtain APY is $30,000. Customer may not have more than $1,000,000 in the CD. CD qualifies towards Exceptional Checking balance. APY assumes interest will remain on deposit until maturity. Fees may reduce the earnings on the CD account. A penalty will be imposed for early withdrawals and early closing of the CD. 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

2. This is the daily balance (i.e., the amount of principal in the account each day.)

3. $30,000 minimum balance in new money required from another Institution. All deposited funds must be new money from another financial institution and cannot contain any existing funds.

4. $30,000 minimum balance in new money required from another Institution.

 

 

 

Business Checking Products

Annual Percentage Yields and Interest Rates Effective as of: 11/07/2022

Performance Business Checking1

Interest
Rate

Annual
Percentage
Yield (APY)

Minimum
Balance to
Open

Minimum
Balance2 to
Earn Interest

Interest
Compounded/Paid

Tier 1 $0 - $2,499.99

0.02%

0.02%

$750

$0

Daily/Monthly

Tier 2 $2,500 - $249,999.99

0.02%

0.02%

$750

$2,500

Daily/Monthly

Tier 3 $250,000 - $999,999.99

0.02%

0.02%

$750

$250,000

Daily/Monthly

Tier 4 $1,000,000 - $2,499,999.99

0.04%

0.04%

$750

$1,000,000

Daily/Monthly

Tier 5 $2,500,000 & Over

0.04%

0.04%

$750

$2,500,000

Daily/Monthly

  1. The interest rate is determined by the balance tier and is paid on the entire balance of the account.
  2. This is the daily balance (i.e. the amount of principal in the account each day).

 

Certificates of Deposit (CD)1

 

Annual Percentage Yields and Interest Rates Effective: 11/07/2022. Fees may reduce earnings on accounts.

Interest Rate

Annual Percentage Yield (APY)

Minimum Balance to Open

Minimum Balance2 to Earn Interest

7 - 31 day CD

0.01%

0.01%

$500

$500

32 - 90 day CD

0.01%

0.01%

$500

$500

91 - 180 day CD (3 months to less than 6 months)

0.01%

0.01%

$500

$500

181 - 364 day CD (6 months to less than 1 year)

0.02%

0.02%

$500

$500

12 - 23 month CD

0.04%

0.04%

$500

$500

24 - 35 month CD

0.06%

0.06%

$500

$500

36 - 47 month CD

0.08%

0.08%

$500

$500

48 - 59 month CD

0.08%

0.08%

$500

$500

5 - 8 year CD

0.13%

0.13%

$500

$500

  1. A penalty may be imposed for early withdrawal. Please consult your tax advisor for more information.
  2. This is the daily balance (i.e., the amount of principal in the account each day).

 

Business Savings and Money Market Savings Accounts

Business Savings

Interest
Rate

Annual
Percentage
Yield (APY)

 

Minimum
Balance to
Open

Minimum
Balance3 to
Earn Interest

 

Interest
Compounded/Paid

Business Savings

0.02%

0.02%

$100

$0

Daily/Quarterly

 

Business Super Savings

Business Super Savings1

Interest
Rate

Annual
Percentage
Yield (APY)

Minimum
Balance to
Open

Minimum
Balance3 to
Earn Interest

Interest
Compounded/Paid

Standard Rate

0.03%

0.03%

$100

$0

Daily/Monthly

Tier 1 $1-$9,999.99

0.04%

0.04%

$100

$0

Daily/Monthly

Tier 2 $10,000-$24,999.99

0.04%

0.04%

$100

$10,000

Daily/Monthly

Tier 3 $25,000-$99,999.99

0.05%

0.05%

$100

$25,000

Daily/Monthly

Tier 4 $100,000 & Over

0.06%

0.06%

$100

$100,000

Daily/Monthly

 

Business Money Market Savings

Business Money Market Savings2

Interest
Rate

Annual
Percentage
Yield (APY)

Minimum
Balance to
Open

Minimum
Balance3 to
Earn Interest

Interest
Compounded/Paid

Tier 1 $0 - $19,999.99

0.03%

0.03%

$5,000

$0

Daily/Monthly

Tier 2 $20,000 - $49,999.99

0.04%

0.04%

$5,000

$20,000

Daily/Monthly

Tier 3 $50,000 - $99,999.99

0.04%

0.04%

$5,000

$50,000

Daily/Monthly

Tier 4 $100,000 - $249,999.99

0.05%

0.05%

$5,000

$100,000

Daily/Monthly

Tier 5 $250,000 - $999,999.99

0.05%

0.05%

$5,000

$250,000

Daily/Monthly

Tier 6 $1,000,000 & Over

0.06%

0.06%

$5,000

$1,000,000

Daily/Monthly

1. Our Business Super Savings account has a special feature that pays a higher interest rate and APY if ALL of the following transaction requirements are met during the calendar month:
- One deposit of $25.00 or more made during the calendar month. If the deposit is made by automatic transfer from a CPB deposit account or an account at another financial institution, the automatic transfer must be scheduled no later than the 25th of the month, and
- No withdrawal is made during the calendar month.

When you meet all transaction requirements, the entire balance in your account will be paid interest according to the tier that your account balance matches; see the current interest rates above. If your account does not meet all the transaction requirements for the tiered rates, the standard rate noted above will apply to your entire balance

2. The interest rate is determined by the balance tier and is paid on the entire balance of the account.

3. This is the daily balance (i.e., the amount of principal in the account each day).