What is a Bank of the West CD?

A Bank of the West CD is a certificate of deposit, or CD, offered by Bank of the West. A CD is a type of savings account in which the depositor agrees to leave the money in the account for a set period of time, called the term. In return, the depositor usually receives a higher interest rate than on a regular savings account.

Bank of the West offers CDs with terms from three to 36 months. The interest rate on a Bank of the West CD depends on the term of …