Website:https://www.fhb.com

Authority:  First Hawaiian Bank or abbreviated as FHB is a Hawaii state bank with headquarters in Honolulu. It began in 1858 and today has 57 branches through Hawaii. The banking market in Hawaii is dominated by local banks with the top 6 banks accounting for around 97% of deposits including First Hawaiian Bank (36.6%), Bank of Hawaii (31.5%), American Savings Bank (13%), Central Pacific Bank (10.8%), Territorial Savings Bank (3.7%), Hawaii National Bank (1.5%).

How to open a First Hawaiian Bank FHB Certificate of Deposit

- Their is no online functionality for a non customer to open a e-deposit but may differ for existing customers.

- You can open a CD by visiting one of the physcial branches within Hawaii

- For further information on how to open a deposit you can contact their 24 - Hour Customer Service: (808) 844-4444

Information about FHB 1 Year CD Rates

First Hawaiian Bank offers its retail deposit products through branch, online, mobile as well as direct channels. FHB has number 1 deposit market share in Hawaii and has a mixed of time deposits 24% demand 34% money market 17% savings 26% Deposits as at 3Q16. Deposits are a low cost funding source for banks like FHB and as the leading deposit market leader in the state has less of an incentive to compete for deposits than online banks do as well as branch network in the state. For 1 year deposits which is a short term period it would provide a higher rate as it has a higher risk premium that a 1 month deposit but less risk premium than a 60 month deposit. 1yr rates are also affected by changes in interests from the federal reserve as well as competitive pressures for deposits among other banks in the state.

Requirements for this deposit account

This 1 year CD requires a minimum deposit of $500 and a Maximum deposit of $50,000 Online Transfer or $250,000 check by mail.