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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

13 Month CD Special

$1,000 minimum to open ($500 minimum to open for minors)

A penalty may be assessed for early withdrawal.

$1,000 - $1,000,000
With Eligible2 Checking or $25k New Money:
Interest Rate/Annual Percentage Yield

4.88%/5.00%

Interest Rate/APY Without Eligible2 Checking:
Interest Rate/Annual Percentage Yield

4.78%/4.90%

19 Month CD Special

$1,000 minimum to open ($500 minimum to open for minors)

A penalty may be assessed for early withdrawal.

$1,000 - $1,000,000
With Eligible2 Checking or $25k New Money:
Interest Rate/Annual Percentage Yield

5.12%/5.25%

Interest Rate/APY Without Eligible2 Checking:
Interest Rate/Annual Percentage Yield

5.02%/5.15%

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.

$

$

Your total CD balance at the end of 0 months

Interest earned by Month 0:

  CD Earnings: $0.00

  Savings Account Earnings (0.1%): $0.00

Total Interest Earned: $NaN

months

Mos.

  • NO ANNUAL FEE.
  • 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.
  • NO ANNUAL FEE.
  • 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.
Happy senior couple banking on mobile phone.

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 Article

Certificate 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). With balances of $10,000 or more, monthly interest payments are available, so that you can use earned interest for other expenses and still enjoy a competitive rate for your savings.

Choice of Terms$1,000 + Rate/APY %$90,000 + Rate/APY %Renewal Term
14 Days - 2 MonthsN/A0.10/0.1014 Days - 2 Months
3 Months0.05/0.050.10/0.103 Months
4 - 5 Months0.10/0.100.15/0.154 - 5 Months
6 - 11 Months0.15/0.150.20/0.206 - 11 Months
12 - 17 Months0.20/0.200.25/0.2512 - 17 Months
18 - 23 Months0.20/0.200.25/0.2518 - 23 Months
24 - 35 Months0.20/0.200.25/0.2524 - 35 Months
36 - 47 Months0.20/0.200.25/0.2536 - 47 Months
48 - 59 Months0.25/0.250.30/0.3048 - 59 Months
60 Months0.30/0.300.35/0.3560 Months

Frequently Asked Questions

info-circleStill can't find what you are looking for? Contact your local branch or call us 24/7 at 800-324-9375.

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®.

Contact Us

For more information about our account services, or to talk to our Client Care Directors.