Enjoy up to 5.20% APY when you open a CD with new money and take home our Gold-Plated Lucky Dragon.1, 4, 5
By opening a 6-month CD with an opening deposit of $100,000 and above.
By opening a 6-month CD with an opening deposit of $50,000 to $99,999.99.
By opening a 12-month CD with an opening deposit of $100,000 and above.
By opening a 12-month CD with an opening deposit of $50,000 to $99,999.99.
Be sure to inquire about bringing home our festive Fortune Dragon Ceramic Money Bank as well! 2, 3, 4, 5
See important details below.
To receive the promotional Annual Percentage Yield (APY) and Gold-Plated Lucky Dragon Figurine offer, a qualified new personal or business CD account must be opened during the promotion period with a minimum of $50,000 new money for 6-month or 12-month term with funds not currently on deposit at Cathay Bank. The minimum balance required in the CD to receive the promotional APY is the same as opening CD deposit balance. Promotional APYs and figurine will apply to CDs renewing during the promotion period only if a minimum of $50,000 new money is added to the renewing CD. New money does not include funds from a Cathay Bank account closed within the previous 10 business days. APYs stated above are effective as of January 8, 2024, and subject to change at any time. No other bonus rates available for this promotion. Penalty will or may be imposed for early withdrawal. Fees could reduce earnings on the account. Limit one Gold-Plated Dragon Figurine per qualified account, household, or business. Cannot be combined with any other offers.
To receive the Fortune Dragon Ceramic Money Bank, personal clients must open a qualified Cathay Value Plus Checking with minimum opening deposit with new money. Business clients must open a qualified Advanced Business Checking, Commercial Analysis Checking, Business Interest Checking with minimum opening deposit with new money. Limit one Fortune Dragon Ceramic Money Bank per qualified account, household, or business.
To receive promotional 3.88% Annual Percentage Yield (APY) and Fortune Dragon Ceramic Money Bank, personal and business clients must open a Promotional Statement Savings or Promotional Business Savings with minimum opening deposit of $30,000 new money. New money does not include funds transferred from an existing account or funds closed from Cathay Bank account within the previous 15 business days. Promotional APY is guaranteed through June 30, 2024, and eligible balance between $30,000 - $500,000 for Personal Statement Savings account and balance between $30,000 - $1,000,000 for Business Savings account. The non-promotional rate will apply to any balance outside of this tier. After June 30, 2024, the promotional APY will no longer apply, and the account will revert to the standard balance tiers and APYs associated with the regular Personal Statement Savings account or Business Savings account.
The interest rate and APY paid depend on the balance tier into which the account’s end-of-day balance falls. The interest rate that corresponds to the balance tier is paid on the full collected balance in the account at the end-of-day. Fees can reduce earnings on the account. You must maintain the $500 minimum daily balance in the Personal Statement Savings account or Business Savings account to avoid a monthly maintenance charge.
Gift offers also apply to personal accounts opened through the Bank’s online account opening platform. To receive the promotional Annual Percentage Yield (APY) and Gold-Plated Lucky Dragon Figurine a Digital Personal 6-month or 12-month CD account must be opened with minimum $50,000 in new money required. To receive the Fortune Dragon Ceramic Money Bank a Digital Personal Interest Checking with minimum opening deposit with new money. Online account opening limited to residents of CA, WA, NV, TX, IL, NY, NJ, MA, and MD. Account must be funded within 30 days of opening and initial deposit must be made at one-time and not cumulative. Gift will be shipped within 30 days of initial deposit receipt.
Value of any gift received will be considered as reportable income for tax purpose in the first year the account is opened. A 1099-INT statement for the gift amount (including tax) will be issued. Gift images for illustration only and may not be 100% representation of actual gifts. Gifts available while supplies last.
Cathay Bank reserves the right to withdraw these offers at any time.