Bank of Hawaii 1 Year CD Rate
Type | Fixed |
Rate | 1.45% |
Currency | USD |
Website: https://www.boh.com
Authority: Bank of Hawaii is a large US regional bank in the state of Hawaii. It is the Hawaii's second oldest bank, and is the largest bank in the state with 66 domestic branches.
How to open a Bank of Hawaii Certificate of Deposit:
- For its existing customers, its mobile deposit feature of its mobile Banking app make up 40 percent of its total consumer deposits. It is also are also looking at introducing a cardless deposit that would offer its customers the option to make deposits at an ATM with a mobile device instead of a card.
Information on Bank of Hawaii 1 Year CD Rates:
Like other bank across the US its rates, Bank of Hawaii rates combine a number of factors that create their rates they offer their customers. It is not an online bank so it incurs the costs to maintain its large branch network across Hawaii so in determing its 1 year rates it would consider both internal and external factors. External factors include: 1) the US general economic conditions 2) changes in the securities markets, 3) competitive pressures from other banks in the market 4) the impact of legislative and regulatory initiatives, such as Dodd-Frank 6) Potential changes in fiscal and monetary 7) increasing costs to maintain adequate liquidity and capital as per Basel Committee on Banking Supervision and U.S. regulators 8) any changes to BOH credit quality or risk profile 9) any changes in market interest rates that may affect credit markets and our ability to maintain our net interest margin. While 1 year rates are a short term rate, it will not fluctuate as much as a 5 year CD but fluctuate more than a 1 month rate.
The current interest rate set below is for a deposit is for 1 year and is a jumbo size $100,000 plus.
The rate of 1.45% is 1.45% higher than the average 0%. Also it is -1.45 % lower than the highest rate Updated Aug, 2019
Website: https://www.boh.com
Authority: Bank of Hawaii is a large US regional bank in the state of Hawaii. It is the Hawaii's second oldest bank, and is the largest bank in the state with 66 domestic branches.
How to open a Bank of Hawaii Certificate of Deposit:
- For its existing customers, its mobile deposit feature of its mobile Banking app make up 40 percent of its total consumer deposits. It is also are also looking at introducing a cardless deposit that would offer its customers the option to make deposits at an ATM with a mobile device instead of a card.
Information on Bank of Hawaii 1 Year CD Rates:
Like other bank across the US its rates, Bank of Hawaii rates combine a number of factors that create their rates they offer their customers. It is not an online bank so it incurs the costs to maintain its large branch network across Hawaii so in determing its 1 year rates it would consider both internal and external factors. External factors include: 1) the US general economic conditions 2) changes in the securities markets, 3) competitive pressures from other banks in the market 4) the impact of legislative and regulatory initiatives, such as Dodd-Frank 6) Potential changes in fiscal and monetary 7) increasing costs to maintain adequate liquidity and capital as per Basel Committee on Banking Supervision and U.S. regulators 8) any changes to BOH credit quality or risk profile 9) any changes in market interest rates that may affect credit markets and our ability to maintain our net interest margin. While 1 year rates are a short term rate, it will not fluctuate as much as a 5 year CD but fluctuate more than a 1 month rate.
The current interest rate set below is for a deposit is for 1 year and is a jumbo size $100,000 plus.
The rate of 1.45% is 1.45% higher than the average 0%. Also it is -1.45 % lower than the highest rate Updated Aug, 2019