Certificates of Deposit (CDs)

Secure your savings in a CD, where it'll earn competitive interest at a fixed rate. CDs earn a higher interest rate than regular savings, so your cash works harder for you while it's tucked away.

We offer a variety of terms to meet your unique needs. We also offer options for those who want to save a little — or a lot! Have over $250,000? Look into CDARs: secure savings for bigger balances.

Features
  • Fixed rates, higher than regular savings
  • Receive higher rates by selecting a longer term
  • Provides more guarantee than other risky investments
  • A wide variety of terms ranging from 91 days to 10 years
  • Set aside for future savings goals
  • No setup or maintenance fees
  • Early withdrawals subject to penalty*
  • Minimum deposit to open determined by the CD term

Select the terms that make the most sense for your financial situation:

Day Certificates

  • 91 to 182 days (short-term option)
  • Receive your interest 1 of 3 ways:
  • Monthly by check (if your balance is $2,500 or more),
  • Transferred to another Washington Financial Bank account, or
  • Credited at maturity.
  • $2,500 minimum deposit to open

Month Certificates

  • 12 to 120 months (long-term option)
  • Receive your interest 1 of 3 ways:
  • Monthly by check (if your balance is $2,500 or more),
  • Transferred to another Washington Financial Bank account, or
  • Compounded quarterly within the CD and credited at maturity.
  • $500 minimum deposit to open

Customer Choice Certificate

  • 24 months
  • Option to change your rate on the CD:
  • 1 time during initial term and
  • 1 time during each renewal term
  • Receive your interest 1 of 3 ways:
  • Monthly by check,
  • Transferred to another Washington Financial Bank account, or
  • Compounded quarterly within the CD and credited at maturity.
  • $2,500 minimum deposit to open

*Early withdrawal penalties are calculated by the actual principal amount withdrawn.


CDARS

FDIC insurance doesn't have to stop at $250,000. CDARS® offer FDIC insurance on multi-million dollar balances. Plus, the management of your CDs is handled in full by Washington Financial Bank. That way, you gain better rates and peace of mind without inheriting the workload to match.*

  • Interest above standard savings, which may compare favorably with other investment alternatives
  • Greater security; multi-million dollar FDIC insurance coverage
  • Convenience; everything is managed internally by Washington Financial Bank:
  • One interest rate
  • One regular statement
  • One year-end tax form
  • Flexible maturity periods available
  • Helps support lending opportunities within your local community

*Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.