Certificate of Deposit Account and Individual Retirement Account

CD Accounts & IRAs | HomeStreet Bank

CDs & IRAs

1.15% APY* Money Market | HomeStreet Bank 1.15% APY* Money Market | HomeStreet Bank

13-month, 18-month, and 36-month CD Specials

Open a CD with as little as $500, and watch your money grow with our increased rates.

Custom Term CDs | HomeStreet Bank

Custom CD

Savings designed by you.

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Set Your Own Goal CD Account | HomeStreet Bank

Set Your Own Goal CD

A targeted way to save for what you need.

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Home Purchase CD Account | HomeStreet Bank

Home Purchase CD

Home, sweet home starts here.

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IRA CD for Retirement | HomeStreet Bank

Individual Retirement Account (IRA) CD

Be prepared for your golden years.

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What is a certificate of deposit?

A certificate of deposit (CD) is a low-risk way to invest that’s commonly sold by banks and credit unions. While savings accounts have long been the traditional way to safely tuck away large sums of money, they offer some of the lowest returns on your money. 

On the other hand, Certificates of Deposits:

  • Offer a higher, fixed rate of return.
  • Are one of the safest investments available because they’re FDIC-insured.
  • By putting your money in a CD investment, you can be reasonably certain that your balance will increase over time instead of decreasing if the market dips as would many other types of investments.

Why consider a certificate of deposit?

Investing in a certificate of deposit might be a good option if:

  • You won’t need the money until the CD investment matures.
  • You’re trying to save up for a large purchase or for retirement.
  • You have enough funds at your disposal that you won’t need to dip into the CD until it matures.

Also, by having an emergency fund stashed in a different type of account in case you need to access it, you can avoid withdrawing from your certificate of deposit and taking the penalty. However, if you might need access to the money you invest in the CD before its maturity date, it might be worth reconsidering. 

Talk to an investment specialist to see if it’s right for you or to discuss other options.

Interested in opening an account?

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