Best CD Rates in Wyoming

When it comes to maximizing your savings, Wyoming residents have unique financial landscapes and opportunities at their fingertips.

In this beautiful state, putting your money to work in a CD can be a smart move towards securing your financial future. With a range of options from local credit unions to national banks, Wyoming offers competitive CD rates that cater to short-term savers and long-term investors.

Let’s explore the best CD rates in Wyoming, helping you find a safe place for your savings in the state’s ever-changing economic tides.

Overall Best CD rates in Wyoming

No.	Name of the Bank	APY %	Term Length	Address
1	Utah Power Credit Union	5.50%	12-month	946 E 9000 S, Sandy, UT 84094
2	Cheyenne State Bank	5.00%	6-month	101 W 19th St, Cheyenne, WY 82001
3	Laramie Plains Community Federal Credit Union	5.00%	6-month	365 N 3rd St, Laramie, WY 82072
4	Bank of Star Valley	4.91%	6-month	120 N Washington St, Afton, WY 83110
5	Reliant Federal Credit Union	4.91%	6-month	1000 E Garfield St, Laramie, WY 82070
6	UniWyo Federal Credit Union	4.91%	6-month	419 E Park St, Livingston, MT 59047
7	Cit-Co Federal Credit Union	4.86%	6-month	1401 East A St, Casper, WY 82601
8	Laramie Plains Community Federal Credit Union	4.85%	12-month	365 N 3rd St, Laramie, WY 82072
9	Bank of Star Valley	4.75%	12-month	120 N Washington St, Afton, WY 83110
10	Sundance State Bank	4.75%	6-month	123 E Main St, Sundance, WY 82729
11	River-Rail Community Federal Credit Union	4.55%	12-month	600 W 21st St, Cheyenne, WY 82001
12	PenFed Credit Union	4.50%	12-month	5050 North 16th St, Arlington, VA 22205
13	Campco Federal Credit Union	4.50%	12-month	902 N Highway 14-16, Gillette, WY 82716
14	Sundance State Bank	4.50%	12-month	123 E Main St, Sundance, WY 82729
15	RSNB Bank	4.50%	6-month	365 N 3rd St, Laramie, WY 82072
16	Western Vista Federal Credit Union	4.50%	6-month	One South Main Street, Salt Lake City, UT 84133
17	High Plains Federal Credit Union	4.45%	6-month	1000 E Garfield St, Laramie, WY 82070
18	Reliant Federal Credit Union	4.45%	18-month	264 Wyoming Blvd NE, Casper, WY 82609
19	Buffalo Federal Bank	4.40%	6-month	100 Fort St, Buffalo, WY 82834
20	Atlantic City Federal Credit Union	4.35%	12-month	3711 Atlantic Ave, Atlantic City, NJ 08401
21	Cit-Co Federal Credit Union	4.34%	12-month	1401 East A St, Casper, WY 82601
22	First Northern Bank of Wyoming	4.33%	12-month	1400 Dewar Dr, Rock Springs, WY 82901
23	Reliant Federal Credit Union	4.33%	12-month	1000 E Garfield St, Laramie, WY 82070
24	UniWyo Federal Credit Union	4.33%	12-month	1610 E Reynolds St, Laramie, WY 82072
25	Buffalo Federal Bank	4.30%	12-month	100 Fort St, Buffalo, WY 82834
26	Glacier Bank	4.30%	12-month	2020 Gillette Ave, Gillette, WY 82718
27	Converse County Bank	4.25%	12-month	322 Main St, Douglas, WY 82633
28	First National Bank of Gillette	4.25%	12-month	319 S Gillette Ave, Gillette, WY 82716
29	First State Bank of Newcastle	4.25%	12-month	20 US Highway 16, Newcastle, WY 82701
30	Western Vista Federal Credit Union	4.25%	12-month	3207 Sparks Rd, Cheyenne, WY 82001
31	First Northern Bank of Wyoming	4.23%	6-month	1400 Dewar Dr, Rock Springs, WY 82901
32	First State Bank of Newcastle	4.23%	6-month	20 US Highway 16, Newcastle, WY 82701
33	Glacier Bank	4.20%	6-month	2020 Gillette Ave, Gillette, WY 82718
34	River-Rail Community Federal Credit Union	4.05%	6-month	600 W 21st St, Cheyenne, WY 82001
35	Rocky Mountain Bank	4.05%	12-month	1050 E Lincolnway, Cheyenne, WY 82001
36	Atlantic City Federal Credit Union	4.04%	6-month	3711 Atlantic Ave, Atlantic City, NJ 08401
37	Platte Valley Bank	4.02%	12-month	1400 Dewar Dr, Rock Springs, WY 82901
38	Wyoming Community Bank	4.01%	12-month	109 W Lakeway Rd, Gillette, WY 82718
39	Valley Federal Credit Union of Montana	4.00%	6-month	3207 Sparks Rd, Cheyenne, WY 82001
40	Sweetwater Federal Credit Union	4.00%	12-month	1601 Yellowstone Rd, Cheyenne, WY 82009
41	First Federal Savings Bank	4.00%	12-month	1400 Dewar Dr, Rock Springs, WY 82901
42	Wyoming State Bank	4.00%	12-month	3001 Dutton Ave, Cheyenne, WY 82001
43	Fremont Federal Credit Union	3.93%	12-month	2515 Foothill Blvd, Rock Springs, WY 82901
44	Blue Federal Credit Union	3.93%	18-month	2686 Commercial Way, Rock Springs, WY 82901
45	Alpine Bank	3.93%	18-month	507 E Grand Ave, Laramie, WY 82070
46	Western States Bank	3.93%	24-month	2005 Idaho St, Meeteetse, WY 82433
47	Sunlight Federal Credit Union	3.75%	6-month	1522 17th St, Cody, WY 82414
48	First Northern Bank	3.45%	18-month	300 S Gillette Ave, Gillette, WY 82716
49	Hilltop Bank	3.45%	24-month	Online
50	Zions First National Bank	3.05%	12-month	One South Main Street, Salt Lake City, UT 84133
51	Zions First National Bank	3.05%	6-month	919 E Sunset Dr, Riverton, WY 82501
52	Trona Valley Federal Credit Union	3.00%	24-month	937 N 9th St, Laramie, WY 82072
53	First Bank of Wyoming	3.00%	24-month	500 9th St, Wheatland, WY 82201
54	Wyoming Bank & Trust	3.00%	6-month	1455 Dewar Dr, Rock Springs, WY 82901
55	The Farmers State Bank	2.86%	36-month	5827 Yellowstone Rd, Cheyenne, WY 82009
56	Platte Valley Bank of Wyoming	2.35%	24-month	130 S 2nd St, Laramie, WY 82070
57	Bank of Meeteetse	2.05%	18-month	700 E Main St, Basin, WY 82410
58	Security State Bank	2.00%	24-month	110 E Broadway St, Jackson, WY 83001
59	Sunwest Educational Credit Union	1.05%	24-month	211 N Federal Blvd, Riverton, WY 82501
60	Summit National Bank	1.00%	24-month	314 N Main St, Sheridan, WY 82801
61	First Northern Bank of Wyoming	1.00%	18-month	1010 E Garfield St, Laramie, WY 82070
62	State Bank	1.00%	24-month	109 W Lakeway Rd, Gillette, WY 82718

Current CD Rates of Wyoming

Current CD rates in Wyoming reflect the broader national financial climate. It is characterized by fluctuating interest rates as the Federal Reserve responds to economic indicators.

These rates significantly influence individual financial planning and saving strategies, as CDs offer a fixed interest rate over a specified term, providing a stable and predictable return on investment.

Higher rates can significantly enhance earnings from savings, making the search for the best rates a worthwhile endeavor for those aiming to strengthen their financial foundation in the Cowboy State.

Best 6 Month CD Rates

6-month CD rates offer Wyoming savers a sweet spot between accessibility and profitability.

1. Capital One

Minimum Amount: $0

APY / Rate: 4.00%

Pros:

• High-yield certificate of deposits
• FDIC-insured investment up to maximum
• 24/7 access to the account
• Among the 10 largest U.S. banks by assets.
• It offers branches in seven Eastern and two Southern states
• The bank offers high rates on its savings and CD accounts

Rules:

• CDs can be opened in the name of one person, or joint accounts in the names of more than one person, or payable on death.
• Once the CD is registered, a Truth-in-Savings disclosure with detailed information about the account is provided to the customer.

2. Merrick Bank

Minimum Amount: $25000

APY / Rate: 4.70%

Pros:

• Top-tier APY on CD
• 24/7 access to the account through online banking
• CD options ranging from 3 to 6 months
• FDIC-insured banking

Rules:

• CD can be booked in the name of one person or joint accounts in the names of more than one person
• Truth-in-Savings disclosure with detailed information about the CD is shared with the customer
• Interest is accrued and credited to the account monthly.

3. CFG Bank

Minimum Amount: $500

APY / Rate:4.65%

Pros:

• Top-tier rate of interest
• Decent minimum amount requirement
• FDIC-insured banking option
• 24/7 account access

Rules:

• A CD can be opened online or by contacting the branch.
• The investor has to make a minimum deposit allowed of  $500. The maximum deposit limit is set at $250,000.
• The interest on the CD is compounded monthly.

Best 1 Year CD Rates

Elevating your savings strategy to the next level, the 1-year CD rates in Wyoming provide a perfect balance of higher interest earnings and short-term financial commitment.

1. Merrick Bank

Minimum Amount: $25000

APY / Rate: 4.70%

Pros:

• Top-tier APY on CD
• 24/7 access to the account through online banking
• CD options ranging from 3 to 6 months
• FDIC-insured banking

Rules:

• CD can be booked in the name of one person or joint accounts in the names of more than one person
• Truth-in-Savings disclosure with detailed information about the CD is shared with the customer
• Interest is accrued and credited to the account monthly.

2. CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 4.00% APY

Pros:

• NCUA Insured to at least $250,000
• Dividends can be compounded in certificates / deposited to another share/ transferred to another institution
•  Option to renew on the maturity

Rules:

• Any withdrawal before maturity is charged with a penalty
• Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
• Dividends are paid at the end of the month

3. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

Best 2 Year CD Rates

For those in Wyoming willing to commit their savings for a bit longer, 2-year CD rates unlock the potential for more substantial interest gains.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

2. Synchrony Bank

Minimum Amount: $0.0

APY / Rate: 4.30% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty on premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn interest.
• Also no penalty on premature withdrawals.

3. First National Bank of America

Minimum Amount: $1000

APY Rate: 4.40% APY

Pros:

• Competitive APY on online CDs and high-yield savings accounts
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

Best 3 Year CD Rates

3-year CD rates in Wyoming signifies a commitment to medium-term saving, offering a noteworthy increase in interest rates for a moderate duration.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

2. Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.05% APY

Pros:

• Easy online and mobile access.
• Checking account dividends are compounded daily and paid monthly
• 85,000 free ATM network access nationwide.
• Competitive APY rates.

Rules:

• NCUA insured.
• Rates are the same and are subject to change.
• Penalties applied for early withdrawal.
• The penalty will be 30% of the gross amount of dividends after 365 days of the open date.

3. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty for premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn inter

Best 5 Year CD Rates

The best 5-year CD rates stand out as the pinnacle of long-term saving strategies in Wyoming, catering to those willing to part with their funds for an extended period in exchange for premium interest rates.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75% APY

Pros:

• $1,500 minimum opening deposit
• FDIC insured
• Zero service charges
• Interest Accrued and compounded daily & Credited and posted monthly

Rules:

• APYs are subject to change at any time without notice
• The penalty will be applied for early withdrawals on CDs
• The penalty is calculated based on 365 days of simple interest.
• $25 per outgoing wire transfer
• Auto-renew at maturity or cash out without penalty within the 10-day grace period

2. Popular Direct

Minimum Amount: $10000

APY / Rate: 4.50%

Pros:

• Highly competitive rates for 6-month CDs
• 24/7 access to the bank account
• No hidden fees or charges
• Customer support for all sorts of queries and concerns
• FDIC-insured bank up to maximum

Rules:

• APY can be earned assuming the interest and the principal remains on deposit until maturity.
• Interest is compounded monthly and added to the account at the end of the month.
• Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD

3. PenFed Credit Union

Minimum Amount: $1000.00

APY / Rate: 3.90 % APY

Pros:

• High-yield checking account with easy-to-waive monthly fees
• Opening checking and savings accounts require a low minimum deposit.
• Online savings account with a competitive dividend rate

Rules:

• On early withdrawal, account earnings will be reduced.
• Require a written notice of up to 60 days of the intention to withdraw funds

Wyoming Economic Statistics

Wyoming, with its robust economic landscape shaped by energy production, tourism, and agriculture, presents unique opportunities for investors and savers alike.  The state boasts an attractive setting for those looking to grow their savings through CDs, against the backdrop of its economic indicators.

·         The average household income in Wyoming stands at approximately $65,003, reflecting the state’s relatively high earning potential due to its low population density and significant natural resources​​.

·         Meanwhile, the average home value is around $255,000, indicating a stable real estate market that contributes to the overall economic health of the region​​.

·         With a population of roughly 580,000 people, Wyoming offers a tight-knit community feel, which can influence local banking institutions to offer competitive CD rates as a way to attract and retain customers

Economic Indicator	Statistic
Average Household Income	$65,003
Average Home Value	$255,000
Population	~580,000

How to Get Best CD Rates in Wyoming?

Securing the best CD rates in Wyoming involves a strategic approach that combines thorough research and a keen eye for timing.

·         Start by comparing rates from both local and national banks, as well as credit unions, since these institutions often offer competitive rates to attract new customers or retain existing ones.

·         Additionally, consider online banks, which frequently offer higher rates due to lower overhead costs.

·         It is essential to stay informed about the overall economic conditions, as interest rates can fluctuate based on the Federal Reserve’s policies.

·         Utilize financial comparison websites and tools to streamline your research, and don’t overlook the value of negotiating with your bank; sometimes, financial institutions are willing to offer better rates to loyal customers or those who are willing to invest a significant amount of money.

CD Rates Methodology

Our methodology for identifying the best CD rates in Wyoming involved an extensive review of 92 banks, including a mix of local, national, and online institutions.

From this broad analysis, 62 banks made the list, distinguished by offering the most competitive rates, favorable terms, and strong customer service.

This selection process was rigorous and aimed at ensuring a comprehensive representation of the best options available to savers and investors in Wyoming. By focusing on these criteria, we aimed to provide a reliable guide for those seeking to maximize their savings growth through CDs.

Conclusion

In conclusion, the best CD rate for you will align with your financial goals, investment timeline, and risk tolerance. In the dynamic world of personal finance, staying informed and adaptable is key to making the most of your savings strategy.

FAQs: