Hanmi Bank CD Rates
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
The Hanmi Bank is a Korean-American branch that has a variety of convenient branches to serve you. The bank was established in December 1982 to serve the Korean-American community. Over the years it has grown to be the largest Korean-American bank of its kind in the country. In fact the Hanmi Bank boosts more branches in California than any other. It also has the fastest growing nationwide presence of any other Korean-American oriented bank.
The Hanmi Bank is a Korean-American branch that has a variety of convenient branches to serve you. The bank was established in December 1982 to serve the Korean-American community. Over the years it has grown to be the largest Korean-American bank of its kind in the country. In fact the Hanmi Bank boosts more branches in California than any other. It also has the fastest growing nationwide presence of any other Korean-American oriented bank.
The commitment at the Hanmi Bank is to meet the financial needs of all of its valuable customers and to do everything possible to grow with them. The bank offers a full range of financial services including personal banking, business banking, investment and insurance, online banking, corporate online banking and credit card banking. The bank works hard to build personal relationships with its customers that are mutually fulfilling and have longevity.
The Hanmi CD rates are competitive and worth checking into further. This is an excellent time to add a certificate of deposit (CD) to your investment portfolio or to take money you have in a savings account and place it into a CD. On the Hanmi Bank website there is a handy feature that allows you to compare deposit products. If you are unclear what type of product you should buy this feature should make your decision so much easier.
At Hanmi there are two different kinds of certificates of deposit to choose from. There is the Internet CD and the regular CD. The Internet CD is a higher yielding CD that you can only open from the Hanmi Bank website. The terms available for this CD are 3 months, 6 months, 9 months and 12 months. The regular CD on the other hand has terms that range from 7 days to 3 years. Think carefully about which type of CD is best for your purposes and also which term is most suitable for you. There is a substantial fee imposed for early withdrawal of money from a CD account. Don’t let that happen to you!
When it comes to a regular certificate of deposit the minimum balance to open the account is $1,000. That is also the minimum balance you require to obtain the disclosed annual percentage yield (APY). Interest is paid on the deposit balance until the maturity date for the CD has been reached. Interest on this CD will not be compounded.
The interest rate and the APY go into effect as soon as your open your CD account and will be paid until the first maturity. Contact any Hanmi Bank office to inquire about the current Hanmi Bank CD rates.
The daily balance method is used to calculate the amount of interest that has been earned on your account. What this method does is it applies a daily periodic rate to the principal of the money that is in your account each and every day.
Isn’t it about time you started to put the powers of investing to work for you? To learn more visit the Hanmi Bank on the web at http://www.hanmi.com/.
