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Business CDs

Smart investments for reliable savings

Put your surplus funds to work for your business with a low-risk Certificate of Deposit (CD) that features flexible terms and a fixed interest rate through maturity.

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.

Get to know Business CDS

  • 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.

Business CDs Rates

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%

  1. 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.

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Have a question?

Our team is happy to assist you with all your Business Banking needs. Please reach out to your branch or relationship manager for more information.