Our review of the best CD rates in Hawaii continues.  After reviewing the offers by First Hawaiian Bank we decide to grab our beach gear and head on over to First Hawaiian Bank.  First Hawaiian Bank and is the oldest and largest financial institution in Hawaii. The bank provides commercial and consumer banking services, engages in equipment and vehicle leasing and offers trust, investment and insurance products.  As part of the banks consumer banking services, First Hawaiian Bank offers a range of CD terms and interest rates including the following promotions: a 6 month CD with an interest rate of 1.25% APY, a one year CD that earns an interest rate of 1.75% APY, a 23 month CD with a yield of 2.00% APY and a five year CD that ahs an interest rate of 3.25% APY.

First Hawaiian bank has 58 branches throughout Hawaii.  The bank was founded in 1858 and is a subsidiary of BancWest Corporation, a regional financial services company with total assets of more than $74.0 billion.  BancWest’s other major subsidiary is Bank of the West, www.bankofthewest.com, which has more than 700 banking locations in 19 Western and Midwestern states: Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin and Wyoming.  BancWest is a subsidiary of BNP Paribas, a European leader in banking and financial services.

Annual Percentage Yields are accurate as of December 29, 2008.  A penalty may be imposed for early withdrawal.  A minimum opening deposit of $5,000.00 is required for the promotional CDs.  For questions regarding rates, bank products and services call 888-844-4444.  The bank website address is located at www.fhb.com.

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