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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: 05/03/2021

Personal

Business Checking Products

Annual Percentage Yields and Interest Rates Effective as of: 05/03/2021
Performance Business Checking(1) Interest
Rate
Annual
Percentage
Yield (APY)
Minimum
Balance to
Open
Minimum
Balance* 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
Performance Business Checking(1) Interest
Rate
Annual
Percentage
Yield (APY)
Minimum
Balance to
Open
Minimum
Balance* 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

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

Certificates of Deposit (CD) Specials

(CPB Checking or Savings Account is Required to Qualify for CD Specials)

Annual Percentage Yields and Interest Rates Effective as of: 05/03/2021

  Interest
Rate
Annual
Percentage
Yield (APY)
Minimum Balance to
Open
Minimum Balance* to
Earn Interest
1 year CD Special 0.10% 0.10% $2,500.00 $2,500.00
2 year CD Special 0.15% 0.15% $2,500.00 $2,500.00
3 year CD Special 0.25% 0.25% $2,500.00 $2,500.00
5 year CD Special 0.35% 0.35% $2,500.00 $2,500.00
  Interest
Rate
Annual
Percentage
Yield (APY)
Minimum Balance to
Open
Minimum Balance* to
Earn Interest
1 year CD Special 0.10% 0.10% $2,500.00 $2,500.00
2 year CD Special 0.15% 0.15% $2,500.00 $2,500.00
3 year CD Special 0.25% 0.25% $2,500.00 $2,500.00
5 year CD Special 0.35% 0.35% $2,500.00 $2,500.00

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

Certificates of Deposit (CD)

Interest Rate Annual Percentage Yield (APY)</th Minimum Balance to Open Minimum Balance* to Earn Interest
7 - 31 day CD 0.03% 0.03% $500 $500
32 - 90 day CD 0.03% 0.03% $500 $500
91 - 180 day CD (3 months to less than 6 months) 0.03% 0.03% $500 $500
181 - 364 day CD (6 months to less than 1 year) 0.04% 0.04% $500 $500
12 - 23 month CD 0.06% 0.06% $500 $500
24 - 35 month CD 0.08% 0.08% $500 $500
36 - 47 month CD 0.10% 0.10% $500 $500
48 - 59 month CD 0.10% 0.10% $500 $500
5 - 8 year CD 0.15% 0.15% $500 $500
Interest Rate Annual Percentage Yield (APY)</th Minimum Balance to Open Minimum Balance* to Earn Interest
7 - 31 day CD 0.03% 0.03% $500 $500
32 - 90 day CD 0.03% 0.03% $500 $500
91 - 180 day CD (3 months to less than 6 months) 0.03% 0.03% $500 $500
181 - 364 day CD (6 months to less than 1 year) 0.04% 0.04% $500 $500
12 - 23 month CD 0.06% 0.06% $500 $500
24 - 35 month CD 0.08% 0.08% $500 $500
36 - 47 month CD 0.10% 0.10% $500 $500
48 - 59 month CD 0.10% 0.10% $500 $500
5 - 8 year CD 0.15% 0.15% $500 $500

Jumbo Certificates of Deposit (CD)

Interest Rate Annual Percentage Yield (APY) Minimum Balance to Open Minimum Balance* to Earn Interest
7 - 31 day Jumbo CD 0.05% 0.05% $100,000 $100,000
32 - 90 day Jumbo CD 0.05% 0.05% $100,000 $100,000
91 - 180 day Jumbo CD 0.05% 0.05% $100,000 $100,000
181 - 364 day Jumbo CD 0.05% 0.05% $100,000 $100,000
12 - 23 month Jumbo CD 0.10% 0.10% $100,000 $100,000
24 - 35 month Jumbo CD 0.10% 0.10% $100,000 $100,000
36 - 47 month Jumbo CD 0.15% 0.15% $100,000 $100,000
48 - 59 month Jumbo CD 0.15% 0.15% $100,000 $100,000
5- 8 year Jumbo CD 0.25% 0.25% $100,000 $100,000
Interest Rate Annual Percentage Yield (APY) Minimum Balance to Open Minimum Balance* to Earn Interest
7 - 31 day Jumbo CD 0.05% 0.05% $100,000 $100,000
32 - 90 day Jumbo CD 0.05% 0.05% $100,000 $100,000
91 - 180 day Jumbo CD 0.05% 0.05% $100,000 $100,000
181 - 364 day Jumbo CD 0.05% 0.05% $100,000 $100,000
12 - 23 month Jumbo CD 0.10% 0.10% $100,000 $100,000
24 - 35 month Jumbo CD 0.10% 0.10% $100,000 $100,000
36 - 47 month Jumbo CD 0.15% 0.15% $100,000 $100,000
48 - 59 month Jumbo CD 0.15% 0.15% $100,000 $100,000
5- 8 year Jumbo CD 0.25% 0.25% $100,000 $100,000

Business Savings and Money Market Savings Accounts

Business Savings Interest
Rate
Annual
Percentage
Yield (APY)
Minimum
Balance to
Open
Minimum
Balance* to
Earn Interest
Interest
Compounded/Paid
Business Savings 0.02% 0.02% $100 $0 Daily/Quarterly
Business Savings Interest
Rate
Annual
Percentage
Yield (APY)
Minimum
Balance to
Open
Minimum
Balance* 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
Balance* 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 Super Savings1 Interest
Rate
Annual
Percentage
Yield (APY)
Minimum
Balance to
Open
Minimum
Balance* 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
Balance* 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
Business Money Market Savings2 Interest
Rate
Annual
Percentage
Yield (APY)
Minimum
Balance to
Open
Minimum
Balance* 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.
* This is the daily balance (i.e., the amount of principal in the account each day).

CPB