East West Bank CD Rates

East West Bank is a commercial bank that provides service to people located across the length and breadth of California. It is a public company that is listed in New York Stock Exchange. It has more than $20 billion in assets and it has operations in more than 130 locations around the world. Besides catering to US market, it also serves people in Taipei, Hong Kong, Shanghai and Shenzhen. They have a wide range of savings and lending products that are designed to meet the needs of different kinds of people. In this article, we will review their CD interest rates and features to help you decide if this is the right investment opportunity for you.

East West bank CD rates are competitive and they come with a whole range of features. The funds are safe and they are backed by the trust of East West Bank and also FDIC insurance for up to $250,000 per depositor. It comes with flexible terms, ranging from 32 days to 5 years with the higher term periods earning a better interest rate.

A popular product is the Chinese-Renminbi linked CDs. These CDs give every investor an opportunity to take part in China’s growing currency and to get a profitable return on investment. The East West Bank CD rates on this type of CD is directly linked to the performance of the Renminbi and it can vary from time to time. The greatest advantage is it removes the everyday fluctuations that occur between the Chinese Renminbi and the US Dollar, thereby making it possible for investors to earn a good income at the time of maturity.

Thus, the East West Bank certificate of deposit rates are tied with the Chinese Renminbi and can vary based on its perofrmance.

Leave a Reply