East West Bank CD Rates
The aim of this blog is to bring you the highest CD rates of different banks. These current CD rates will help you to ascertain the best CD rates offered by the banks and we hope it will be useful to plan your financial future.
East West Bank of California is a popular bank in this region. In fact, it was the first bank to introduce the new and unique method of interest which is linked to the performance of Hang seng, the China Index. The interest rate calculated based on this index, would vary based on its performance and it will be paid on maturity.
CDs are one of the low risk form of investment where interest rates are more than that of the savings deposit. They can be easily converted into cash. Since East West Bank CD rates are directly linked with the performance of the Hang Seng there is no specifications pertaining to the current CD rates.
The other features with East West CDs are guarantee for a stable return on the investments. Investors are likely to get more returns for more investments. The term ranges from 32 days to 5 years for the East West Bank certificate of deposits. Automatic renewal of CDs are available and all deposits are covered under the FDIC insurance for deposits up to a maximum of $250000.
There is another scheme called Chinese Renmenibi CD where the minimum deposit is $5000 and there is no limit on the maximum. The deposit term is 5 years and the East West Bank CD rate is 6.8276%. This is also linked to the performance of the Chinese Renminibi relative to the US dollar. This provides as a bridge to best of both worlds and opportunity for guaranteed principal returns.
