The locality of the US is well recognized by the well-reputed identity of the Bank of Hope.

It delivers and ensures world-class proceedings for the right authentications of business deposit and credit cash flow. 

Bank of Hope CD Rate Offers

The most noticeable concerns for Bank of Hope CD rates are mentioned next.

18-Month CD


  • Minimum Deposit: $1,000
  • Annual Percentage Yield (APY): 4.42%


  • Customers should be comfortable with locking in their funds for the entire 18-month period, as early withdrawal may result in penalties.
  • Customers might want to compare the APY with other available options to ensure they are getting the best return for their investment goals.

Pros & Cons

Competitive 4.42% APY18-month lock-in period
Medium-term commitmentPenalty for early withdrawal
Favorable return on investmentPotential for better rates elsewhere

12-Month CD


  • Minimum Deposit: $1,000
  • APY: 4.75%


  • Customers should consider their options at the end of the term, such as renewing the CD or exploring other investment opportunities.

Pros & Cons

Stable and predictableRenewal or reinvestment decisions at maturity
Accessible term lengthMarket comparison for competitive rates
Competitive 4.75% APY

8-Month CD


  • Minimum Deposit: $1,000
  • APY: 4.79%


  • Customers should assess their liquidity needs and ensure the 8-month term aligns with their short-term financial goals.

Pros & Cons

Quick access to fundsLimited time for interest to accumulate
Moderate interest growthLiquidity needs should be considered

Are Bank of Hope CD Rates Competitive?

The 8-month CD offers a slightly higher APY at 4.79%, remaining a competitive option for those seeking a shorter-term commitment.

Bank of Hope’s diverse range of CD terms allows customers to choose a term that aligns with their financial goals, whether it’s a short-term investment with quick access to funds or a longer-term commitment for potentially higher returns.

Additionally, the stability and predictability of the offered rates contribute to the overall competitiveness of Bank of Hope’s CD offerings in the market.

Overview Bank of Hope

Bank of Hope is headquartered in Los Angeles, California, and was founded 37 years ago. To this day, the bank provides services to the largest Korean-American community in the US. Overall, the bank has 58 branches and over $15 billion in assets.

Bank of Hope’s services include residential mortgage and warehouse lending, credit cards, equipment lease financing, and foreign currency, among other things. They are also focused on helping their community, particularly local students.

Bank of Hope has the Bank of Hope Scholarship Program that gives winners $2,500 to go towards their education. Aside from helping students, Bank of Hope also helps their community by supporting affordable housing units for low-income families, helping with disaster recovery, and more.


You must have a new account with Bank of Hope in order to get a CD with them. The account must be funded within 10 calendar days from the account opening date.

Locations Bank of Hope

It has a total of 57 Branches In Alabama, California, Illinois, New Jersey, New York, Texas, Virginia, and Washington.

Branches in Alabama


Branches in California

Los Angeles, Cerritos, Diamond Bar, Buena Park, Gardena, Huntington Park, Colton, Irvine, La Crescenta, La Palma, Northridge, Oakland, Walnut, Rowland Heights, San Diego, Sunnyvale, Torrance, and Garden Grove.

Branches in Illinois

Arlington Heights, Glenview, Niles, Rolling Meadows and Skokie.

Branches in New Jersey

Englewood Cliffs, Fort Lee, and Palisades Park.

Branches in New York

Bayside, Flushing, Great Neck, New York City, and Woodside.

Branches in Texas

Dallas, North Richland Hills, and Houston.

Branches in Virginia

Annandale and Centreville

Branches in Washington

Federal Way, Lynnwood, Bellevue, and Lakewood.


What is the minimum deposit required for Bank of Hope CD accounts?

The minimum deposit for Bank of Hope CD accounts is $1,000.

What are the available CD terms at Bank of Hope?

Bank of Hope offers CD terms ranging from 1 month to 60 months, providing flexibility for customers to choose the duration that suits their financial goals.

Are there promotional rates for new customers or those with new money?

Yes, new customers or existing customers with new money can take advantage of promotional rates when opening a Hope Preferred Certificate of Deposit account.

Can additional deposits be made before the CD matures?

No, additional deposits are not allowed before maturity. The initial deposit is the only contribution to the CD during its term.

What happens if I need to withdraw my principal before the CD matures?

Withdrawal of the principal balance before maturity is not allowed, and a penalty may be imposed for early withdrawal to discourage premature access to funds.