Certificates of Deposit (CD) Account
Grow your money faster and safely with a Certificate of Deposit (CD). We'll help your money to work harder for you with an above average interest rate and a wide range of terms to choose from. Get started with just $1,000 ($500 for minors).1
4-5 Month CD Special
$1,000 minimum to open ($500 minimum to open for minors)
A penalty may be assessed for early withdrawal.
4.40%/4.50%
Renews to 4-5 Month CD
7 Month CD Special
$1,000 minimum to open ($500 minimum to open for minors)
A penalty may be assessed for early withdrawal.
4.16%/4.25%
4.06%/4.15%
Renews to 6-11 Month CD
13 Month CD Special
$1,000 minimum to open ($500 minimum to open for minors)
A penalty may be assessed for early withdrawal.
3.82%/3.90%
3.73%/3.80%
Renews to 12-17 Month CD
19 Month CD Special
$1,000 minimum to open ($500 minimum to open for minors)
A penalty may be assessed for early withdrawal.
3.44%/3.50%
3.34%/3.40%
Renews to 18-23 Month CD
WaFd CD Savings Calculator
Use the Savings Calculator to see out how much interest is earned on a certificate of deposit (CD). Enter your information below to compare CD and basic savings account rates.
Interest earned by Month :
CD Earnings: $0.00
Savings Account Earnings (0.1%): $0.00
Total Interest Earned: -$1,000.00
months
Mos.
- APY is Annual Percentage Yield. The above APY is offered at this time and subject to change. Actual earnings may vary.
- A penalty may be imposed for withdrawals before maturity.
- This calculator is for educational purposes only, and may not represent WaFd Bank's program requirements.
- APY is Annual Percentage Yield. The above APY is offered at this time and subject to change. Actual earnings may vary.
- A penalty may be imposed for withdrawals before maturity.
- This calculator is for educational purposes only, and may not represent WaFd Bank's program requirements.
High Yield Savings Accounts vs CD Accounts - Pros & Cons
You're probably familiar with savings accounts—after all, the only difference between a checking and a savings is that you usually don't get a debit card when you open a savings account. A certificate of deposit (CD) is intended for you to set aside your cash for a rainy day, just like a savings account, but with a few more rules.
Read ArticleCertificate of Deposit
Only $1,000 initial deposit ($500 for minors, $100 for IRAs)
Standard terms are available from 14 days to 5 years (60 months).
| Choice of Terms | $1,000 + Interest Rate/APY % | $90,000 + Interest Rate/APY % | Renewal Term |
|---|---|---|---|
| 14 Days - 2 Months | N/A | 0.10/0.10 | 14 Days - 2 Months |
| 3 Months | 0.05/0.05 | 0.10/0.10 | 3 Months |
| 4 - 5 Months | See above | Listed CD | Specials |
| 6 - 11 Months | 0.15/0.15 | 0.20/0.20 | 6 - 11 Months |
| 12 - 17 Months | 0.20/0.20 | 0.25/0.25 | 12 - 17 Months |
| 18 - 23 Months | 0.20/0.20 | 0.25/0.25 | 18 - 23 Months |
| 24 - 35 Months | 0.20/0.20 | 0.25/0.25 | 24 - 35 Months |
| 36 - 47 Months | 0.20/0.20 | 0.25/0.25 | 36 - 47 Months |
| 48 - 59 Months | 0.25/0.25 | 0.30/0.30 | 48 - 59 Months |
| 60 Months | 0.30/0.30 | 0.35/0.35 | 60 Months |
Frequently Asked Questions
114 day CDs earn interest starting at $90,000. All other CD terms earn interest at $1,000 ($500 for minors). WaFd Bank does not pull your credit when opening a new CD. OFAC and ChexSystems® are reviewed. WaFd Bank will not run your credit for this application.
2WaFd Bank checking account holders are eligible for a higher interest rate and annual percentage yield. Minimum to earn interest is $1,000 ($500 for minors).
For account opening WaFd Bank does not pull your credit from one of the three main credit bureaus. We will review OFAC and ChexSystems®.
For assistance with WaFd Bank products and services.
Awarded America's Best Big Bank - Three Years in a Row
Best Big Bank in Washington, Idaho, New Mexico
Awarded America's Best-in-State Bank
Best-in-State Bank in Washington, Nevada, New Mexico
Awarded America's Best Big Bank - Three Years in a Row
Best Big Bank in Washington, Idaho, New Mexico
Awarded America's Best-in-State Bank
Best-in-State Bank in Washington, Nevada, New Mexico