Alabama CD Rates statewide are currently competing with the top 12 Month CD Rate (current top yielding CD Rates).
Tuscaloosa Teachers Credit Union currently has the top yielding CD rate: 1.51% APY on a 12 Month CD with $1,000 minimum deposit. 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 12 Month CD Rates in Alabama:
SouthPoint Bank offers a 12 Month CD at 1.50% APY with $500 Investment.
NationWide Bank offers a 12 Month CD at 1.35% APY with investments below $9,999, and up to $99,999. Deposits over $100,000 get a higher rate: 1.40% APY.
NexityBank ranks with the 4th best rate: 1.29% APY with $1,000 deposited.