Business CDs

CDs are a guaranteed investment tool for businesses with excess funds and long-term business goals. Our Business CDs help you lock in higher interest rates than standard savings accounts, plus offer a variety of flexible terms so you can grow your savings in your preferred timeframe.

Earn higher returns

CDs earn a higher Annual Percentage Yield (APY) than regular savings deposits.

Flexible terms

Maturity terms range from 7 days to 5 years.

A safe investment

Get FDIC protection on your CDs for up to $250,000 per depositor for each ownership category.

Link to other deposit accounts

Interest may be credited to the CD or a Cathay Bank savings or checking account.

The minimum opening deposit is $2,500.
The interest rate is fixed for the term.
The term automatically renews at maturity.
For Jumbo CD rates ($100,000 and above), inquire at any Cathay Bank branch.
No monthly maintenance charge.

Term of deposit	$2,500¹ - $49,999.99 Interest rate	$2,500¹ - $49,999.99 Annual Percentage Yield	$50,000¹ - $99,999.99 Interest rate	$50,000¹ - $99,999.99 Annual Percentage Yield
7 to 31 days	0.10%	0.10%	0.20%	0.20%
1 month (32 to 89 days)	0.20%	0.20%	0.20%	0.20%
3 months (90 to 179 days)	0.25%	0.25%	0.30%	0.30%
6 months (180 to 364 days)	0.25%	0.25%	0.30%	0.30%
1 year to 23 months	0.30%	0.30%	0.35%	0.35%
2 years to 35 months	0.35%	0.35%	0.40%	0.40%
3 years to 5 years	0.35%	0.35%	0.40%	0.40%

Minimum balance required to open an account and to obtain the advertised Annual Percentage (APY) yield. APY assumes interest remains on deposit for the term of the account. A penalty may be applied for early withdrawal. Fees may reduce earnings on the account.

Interest Rates and Annual Percentage Yields are current as of 2023-12-03.

No ATM or debit card service allowed.