Q:

What are some types of CDs offered by Bank of the West?

A:

Quick Answer

Bank of the West offers three types of CDs: the Flexible-term CD, a Premium Money Market CD and the Relationship CD, as stated by the Bank of the West website. The CD rates may vary from state to state.

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Full Answer

Bank of the West is a financial institution that primarily serves the Western United States, from California to Missouri and North Dakota to Arizona. It offers a few different types of certificates of deposit. These are low-risk, low-interest investments on money deposited with the bank for a specified time period, as stated by the Wall Street Journal.

A Flexible-term CD allows customers to choose the term length from 32 to 364 days, or 12 to 59 months. The Premium Money Market CD offers a more competitive interest rate on terms from 91 days to 60 months. The Relationship CD gives customers with a signature checking or savings account at the Bank of the West a premium rate on a 12 month CD.

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