Hanmi Bank CD Rates

August 25, 2010

We strive to bring you the top CD rates of many banks located in the United States to give you a good idea of the prevailing trends and to help you decide which investment option is right for your financial goals. We hope the different bank CD rates and their features help you make the right choices that can go a long way in securing your financial future. In today’s article, we will review the Hanmi Bank certificate of deposit rates and their features.

The CDs at Hanmi Bank come with flexible term periods ranging from 7 days to 3 years. They have two kinds of CDs, namely the regular CDs and the Internet CDs. The difference between the two is that you can open an Internet CD through the Internet and it is possible to manage them online as well. The regular CD, on the other hand, is a CD that you can open through the phone or by visiting the local branch. The minimum amount required to open a regular CD is $1,000. As an investor, you can choose if you want your deposit to renew automatically at the end of mature period or not. There is a penalty for early withdrawal.

In the case of Internet CD, there are four term periods, namely, 3,6,9 and 12 months. The interest will be compounded daily and the minimum balance required to open the account is $1,000. The advantage is that non-cash deposits like checks earn interest on the day it is deposited and not on the date it gets cleared. SO, your deposit can start earning interest as soon as you make the deposit. The Hanmi Bank CD rates for a period of 3,6 and 9 months are 0.65%, 1.06% and 1.11% respectively. Hanmi CD rates for a period of 12 months is 1.21% APY.

Posted in Hanmi CD Rates