Investing in certificate of deposits will yield you with 1.26% Rate, if you go with the current leader: Tuscaloosa Teachers Credit Union with a 6 Month CD at 1.26% APY with $1,000 deposited. Tuscaloosa Teachers Credit Union currently tops the 12 Month CD rates in Alabama.
Aparently there is no membership requires for non-teachers, in order to take advantage of these CDs you have to be a residents of the following Alabama counties: Tuscaloosa, Bibb, Fayette, Greene, Hale, and Pickens.
Other Top 6 Month CD Rates in Alabama
Nexity Bank offers a 6 Month CD Rate at 1.12% APY with $1,000 minimum deposit.
First Jackson Bank offers a 6 Month CD at 1.10% with $1,000 required deposit.
SoutPoint Bank offers a CD with $500 minimum that will yield you 1.00% APY.
NationWide Bank offers a 6 Month with $1,000 min deposit that will yield you 0.95% on deposits up to $100,000, then 1.00% on deposits over it.
Lastly the Four Seasons Federal Credit Union will garner a 0.90% 6 Month CD rate with a $500 Minimum deposit. Requirements Eligible if you live, work, worship or attend school in Lee County, Alabama.