A certificate of deposit (CD) is an interest-bearing deposit account, where funds must remain in the CD account for a certain length of time in order to earn a promised rate of return. CDs are offered for a variety of maturity timeframes, ranging from 32 days to 5 years. You can open a CD in the mobile app or at any East West Bank branch office.

Note: The FDIC (Federal Deposit Insurance Corporation) insures up to $250,000, per insured bank for each ownership category. East West Bank is an FDIC-insured bank, and the CD account is covered by the FDIC.    

We do not charge any account-specific fees for a CD; however, other service fees may apply. Please refer to the East West Bank Fee Schedule for additional information.

There are early withdrawal penalties associated with CD accounts. For information on early withdrawal penalties for CDs, please click here.

We do not charge any account-specific fees for a CD; however, other service fees may apply. Please refer to the East West Bank Fee Schedule for additional information.

There are early withdrawal penalties associated with CD accounts. For information on early withdrawal penalties for CDs, please click here.

We do not charge any account-specific fees for a CD; however, other service fees may apply. Please refer to the East West Bank Fee Schedule for additional information.

There are early withdrawal penalties associated with CD accounts. For information on early withdrawal penalties for CDs, please click here.

We will send you a maturity notification via email and SMS, 15 days before your in-app opened CD matures.

You will have a grace period of 7 calendar days after the CD maturity date to close your CD without incurring an early withdrawal penalty. You must withdraw the full principal balance plus any accrued interest. Partial withdrawals are not allowed.

If you don't take any action during the 7-day grace period, your CD will be automatically renewed for the same term, at the interest rate that is in effect on the maturity date.

Login to the East West Bank Mobile App,  locate your CD on the App Dashboard under My Accounts, and tap View details to view your CD maturity date.

To view CD maturity date in Online Banking, locate your CD on the main Dashboard under My Accounts, click the three dots next to the available balance>Account Details

If you would like to invest additional funds, you can open an additional CD.

Or, if you prefer, when your existing in-app opened CD matures, you can close the CD and then open a new CD with a new principal balance.

You can withdraw money from your in-app opened CD in the following ways:

• From the day of your CD maturity, you will have a 7-calendar day grace period during which you can close your CD and withdraw the entire CD amount (opening deposit + interest) without an early withdrawal penalty. The closing balance must be transferred to a qualifying East West Bank checking or savings account.
• If you need to close your in-app opened CD before the maturity date, contact us via live chat in the mobile app to submit your request. An early withdrawal penalty will apply. 

For information on early withdrawal penalties for CDs, please click here.

If you don't take any action during the 7-day grace period, your CD will automatically renew for the same term, at the interest rate that is in effect on the maturity date.

You can withdraw money from your in-app opened CD in the following ways:

• From the day of your CD maturity, you will have a 7-calendar day grace period during which you can close your CD and withdraw the entire CD amount (opening deposit + interest) without an early withdrawal penalty. The closing balance must be transferred to a qualifying East West Bank checking or savings account.
• If you need to close your in-app opened CD before the maturity date, contact us via live chat in the mobile app to submit your request. An early withdrawal penalty will apply. 

For information on early withdrawal penalties for CDs, please click here.

If you don't take any action during the 7-day grace period, your CD will automatically renew for the same term, at the interest rate that is in effect on the maturity date.

You can withdraw money from your in-app opened CD in the following ways:

• From the day of your CD maturity, you will have a 7-calendar day grace period during which you can close your CD and withdraw the entire CD amount (opening deposit + interest) without an early withdrawal penalty. The closing balance must be transferred to a qualifying East West Bank checking or savings account.
• If you need to close your in-app opened CD before the maturity date, contact us via live chat in the mobile app to submit your request. An early withdrawal penalty will apply. 

For information on early withdrawal penalties for CDs, please click here.

If you don't take any action during the 7-day grace period, your CD will automatically renew for the same term, at the interest rate that is in effect on the maturity date.

From the date of CD maturity, you will have 7 days to close your CD. To close your in-app opened CD:

Log in to the East West Mobile App, tap your CD under My Accounts on the Dashboard> Close CD>Yes, close CD and select the account to transfer your CD balance to>tap Continue to close your CD

Note: The Close CD option is only available for 8 calendar days, starting from the CD maturity date + 7 calendar days.