Money market graphic

Unlock Higher Interest Rates with Money Market Accounts and CDs

Money Market Accounts

CDs & Money Markets. Keep Your Money Safe, Secure and Growing

A flexible account earning more than a traditional savings account with instant access to your funds. Available to sole proprietorships, non-profit organizations, partnerships, corporations and limited liability companies.  These accounts allow flexibility while earning more than a traditional savings account with instant access to your funds.

Features and benefits

  • Available to sole proprietorships, non-profit organizations, partnerships, corporations and limited liability companies
  • Interest Earning (1)
  • Monthly Service Charge is only $12 for Standard and $17 for Premium

Account Requirements and Fees:

  • Minimum opening deposit: $3,500 for Standard and $10,000 for Premium
  • To Waive a Service Charge, Standard Daily Balance must be at minimum $3,500, and Premium Daily Balance must be at minimum $5,000

Personal Money Market and Certificates of Deposit (CD)

Features Money Market Account Premium Money Market Account Certificates of Deposit (CD)

Description

  • For customers who want to earn a higher interest rate over regular savings while having immediate access to investment dollars 
  • For customers who want to earn a higher interest rate over regular savings while having immediate access to investment dollars
  • Standard CD offers fixed terms and rates from 3 months to 5 years

Minimum Opening Deposit

  • $3,500
  • $10,000
  • $2,000

Monthly Service Charge

  • $12
  • $17
  • None

Minimum Balance to Waive Service Charge

  • $3,500 Daily Balance
  • $10,000 Daily Balance
  • Not Applicable

Interest Earning

  • Yes2
  • Yes2
  • Yes2
  • Based on principle balance at time of calculation

Transaction Limits

  • None
  • None
  • Early withdrawal penalties apply1
  • Please see a New Account Representative with questions

Benefits

  • Tiered to pay higher rates for higher balances 
  • Free eStatements3
  • Tiered to pay higher rates for higher balances 
  • Free eStatements3
  • Offers a fixed rate of interest on funds deposited
  • Automatically renewable for a like period, at the current market rates in effect at the time of renewal

Personal Money Market and Certificates of Deposit (CD)

Features

Description

Minimum Opening Deposit

Monthly Service Charge

Minimum Balance to Waive Service Charge

Interest Earning

Transaction Limits

Benefits

Money Market Account
  • For customers who want to earn a higher interest rate over regular savings while having immediate access to investment dollars 
  • $3,500
  • $12
  • $3,500 Daily Balance
  • Yes2
  • None
  • Tiered to pay higher rates for higher balances 
  • Free eStatements3
Premium Money Market Account
  • For customers who want to earn a higher interest rate over regular savings while having immediate access to investment dollars
  • $10,000
  • $17
  • $10,000 Daily Balance
  • Yes2
  • None
  • Tiered to pay higher rates for higher balances 
  • Free eStatements3
Certificates of Deposit (CD)
  • Standard CD offers fixed terms and rates from 3 months to 5 years
  • $2,000
  • None
  • Not Applicable
  • Yes2
  • Based on principle balance at time of calculation
  • Early withdrawal penalties apply1
  • Please see a New Account Representative with questions
  • Offers a fixed rate of interest on funds deposited
  • Automatically renewable for a like period, at the current market rates in effect at the time of renewal

(1) Substantial penalties may apply for each withdrawal of funds from a time deposit.

(2) No interest earned on days balance falls below $3,500 for a Money Market account, $10,000 for a Premium Money Market account, or $2,000 for a Standard Certificate of Deposit. If the account is closed prior to the interest payment period, interest will not be received. This account is a tiered-rate account. The interest rate and annual percentage yield for your account depends upon the applicable rate tier. We may change the interest rate on your account at any time.

3) eStatements require a valid email address. 

Refer to “Understanding Your Deposit Account” for terms and conditions and account disclosures.

Please note: This information is accurate as of July 22, 2024. Community West Bank reserves the right to make changes at any time as a result of a change of policy, law, and regulation or otherwise.

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