In the financial landscape of the global world, it is not easy to secure one’s financial dream investments. Certificates of Deposits (CDs) stand out as a reliable option in this regard. It guarantees returns over specific terms. Hanmi Bank is one such CD rates approach, that ensures diverse CD offerings. This CD caters to both short and long-term financial goals.

Hanmi Bank CD Rates Offers

The competitive edge offered by Hanmi Bank is;

Certificate of Deposit (1 to 3 years term CDs)

  • Stability in returns for 1 to 3 years, providing security for your financial goals.
  • Minimum balance requirement: $1,000.
  • Affordable entry point for investors seeking a guaranteed return.


  • CD can be a valuable addition to a diversified investment portfolio.
  • Balancing risk by including fixed-income securities with predictable returns.

Pros & Cons

Fixed and competitive interest ratesLower interest rates compared to Premium CD
Affordable $1,000 minimum balanceLonger lock-in period for guaranteed returns

Premium CD (7 days to 3 years term CDs)

  • Maximize your returns with a Premium CD for terms ranging from 7 days to 3 years.
  • Initiate Premium CD with a minimum balance of $10,000.
  • Tailored for investors with a larger capital seeking enhanced returns.


  • Highly featured liquidity needs and financial objectives.

Pros & Cons

Higher interest rates with larger balanceHigher $10,000 minimum balance requirement
Competitive rates for 7 days to 3 years

Are Hanmi Bank CD Rates Competitive?

Hanmi Bank offers competitive CD rates, particularly with their Certificate of Deposit options. For terms ranging from 1 to 3 years, investors can benefit from fixed and competitive interest rates, providing a stable and predictable return on their investment.

The minimum balance requirement of $1,000 for these CDs makes them accessible to a wide range of investors, adding to their competitiveness. However, the competitiveness of CD rates can be subjective and may vary based on individual preferences and financial goals.

How do Hanmi Bank CD Rates Compare?

In comparison to standard CDs, Hanmi Bank offers a Premium CD option with terms ranging from 7 days to 3 years.

This Premium CD comes with higher interest rates, making it an attractive choice for investors with a larger capital base. With a minimum balance requirement of $10,000, the Premium CD caters to those seeking enhanced returns.

When evaluating Hanmi Bank CD rates, the basic necessity for investors makes it considerable to consider their investment horizon and financial goals. By comparing the features and returns of both standard and Premium CDs, investors can make an informed decision based on their unique financial circumstances.

Overview Hanmi Bank 

Hanmi Bank is a California-based bank that opened its doors for the first time in 1982. Originally this bank was created to serve the underrepresented immigrant population in Koreatown. It is a Korean-owned bank that has expanded the scope of its coverage to represent the financial needs of all Americans. They are part of a network of branches that offer services including personal banking, lending, and investment.

They are dedicated to helping their members achieve their own “American dream”. They help to grow communities by providing lending and advising for small businesses which creates jobs and promotes financial wellness within communities. Small business resources available include real estate lending, equipment lending, and financial advising.  

Hanmi has a dream scholarship program that provides financial contributions to the education of at-risk youth. This scholarship has a focus on youths in the foster care system or who come from homes with high rates of domestic violence. This scholarship program changes lives and is one of the many ways that Hanmi invests back in their communities. Students at all levels of education are free to apply with verification of school attendance.

They also have a social responsibility program that encourages bankers and bank employees to do volunteer work within the community. The program is a one-of-a-kind initiative that focuses on youth, families, education, and community development.


Visit a Hanmi branch to sign up for a checking or savings account to be eligible for these CD rates. You can also call Monday-Friday during standard business hours to talk to a banker.

Locations Hanmi Bank 

Branches in California

The branches in California are:

Artesia, Garden Grove, Rowland Heights, Torrance, Buena Park, Irvine, San Diego, Van Nuys, Diamond Bar, Los Angeles, San Francisco, Gardena, Northridge, Santa Clara

Branches in Texas

The branches in Texas are:

Arlington, Plano, Carrollton, Dallas, Houston

Branches in Illinois

The branches in Illinois are:

Chicago, Glenview, Naperville

Branches in Virginia

The branches in Virginia are:


Branches in New Jersey

The branches in New Jersey are:

Edison, Bayside, New York

Frequently Asked Questions

What is the minimum balance required to open a 1 to 3-year CD at Hanmi Bank?

 The minimum balance to open a 1 to 3-year CD at Hanmi Bank is $1,000, providing accessibility to a broad range of investors.

How does a Premium CD differ from a standard CD at Hanmi Bank?

The Premium CD offers higher interest rates and requires a larger minimum balance of $10,000 compared to the standard CD. It caters to investors looking for enhanced returns with a bigger capital commitment.

Can I withdraw my funds before the CD matures?

While early withdrawals are possible, they often incur penalties. It’s crucial to review the terms and conditions of the specific CD to understand the penalties associated with early withdrawal.

Is there an option to renew a CD at Hanmi Bank?

Yes, many CDs offer an option to renew at the end of the term.

How often should I review my CD investment strategy?

Most generally, it is required to review the investment strategy, considering factors such as market conditions, financial goals, and the maturity of your CDs. This ensures your investment aligns with your evolving financial circumstances.