Certificates of Deposit Rates

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9-Month Featured CD

For a limited-time only, earn 2.75% APY* on a 9-month CD.

2.75% APY 9-month CD

Visit your local HomeStreet Bank branch to learn more and open a limited-time only 9-Month Featured CD.

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(APY = Annual Percentage Yield)

Featured Certificates of Deposit

(APY - Annual Percentage Yield)


When is a CD investment a good idea?

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, CDs:

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. 


A CD investment is a commitment

Unlike a savings account, you can’t withdraw the money from your CD any time you want. When you open a CD, you’re committed until it matures—and that could take days, months or even several years. If you withdraw the money from the CD before its maturity date, you could pay a penalty.

There are different types of CDs, each of which a specified certain period of time until maturity. This fixed timeline gives the bank some assurance that while your money is in the CD, the bank can use it for lending or investing. In return, this means that the bank can offer a higher interest rate than it would for a savings account, which offers the bank no such assurance.

However, as long as you leave the money in the CD until your CD investment matures, you’re almost guaranteed to get your investment back, plus the interest it earned. 


Who should consider a CD?

Investing in a CD might be a good option if:

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 CD investment 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.


A HomeStreet Bank CD investment

Every investor is unique. HomeStreet wants to help you work towards your specific financial goals. That’s why we offer several types of CDs from which to choose, each designed to help you:


Come visit one of our local bank branches or call us, and tell us what your goals are. We can work with you to choose the right CD investment or other type of account for your particular needs.


Learn More

HomeStreet Bank Custom CD

HomeStreet Bank CDs and IRAs

Disclosure:

*APY (Annual Percentage Yield) effective May 21, 2019 and is subject to change. $500 minimum balance required to open and obtain the advertised APY. Available for personal and IRA (Individual Retirement Account) CDs only. Funds to open the account must be new money. New money is defined as funds not currently on deposit with HomeStreet Bank by the account holder. Penalty will be assessed for early withdrawal. Fees could reduce earnings on the account. See Schedule of Fees. Offer subject to change without notice and may be withdrawn at any time. Open at any branch location; offer not available for accounts opened online.

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