Unlock Higher Interest Rates with Money Market Accounts and CDs

Money Market Accounts

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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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Unlock Higher Interest Rates with Money Market Accounts and CDs

Money Market Accounts

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

Features and benefits

Account Requirements and Fees:

Personal Money Market and Certificates of Deposit (CD)

Personal Money Market and Certificates of Deposit (CD)

Money Pass FAQ

Compare Our Accounts

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