Best CD Rates in Alabama
Vikram Singh
Best 6-Month CD Rates in Alabama

Bank or Credit Union Name: Bask Bank
Minimum Amount: $1000.00
APY / Rate: 4.45% APY
Pros:
- FDIC Approved Bank
- Terms available from 6-24 months
- Top-tier APY rate with secured return guaranteed
- Customer-friendly terms
Rules:
- New customers have to open an account with the bank before investing in Bask Bank’s CDs.
- CDs can be opened at the bank as well as online
- The minimum deposit amount of $1000 must be deposited to the account within 10 days of account opening
- Early withdrawal is subject to a penalty.
- Investors can withdraw the interest credited to the account without any penalty.
- There is a 10 days grace period after maturity to make additional deposits to the CD.

Bank or Credit Union Name: All in federal credit union
Minimum Amount: $1000.00
APY / Rate: 3.66% APY
Pros:
- Low minimum deposit of only $1,000; no maximum
- Great dividend rates
- They have 6,000 branch offices at Credit Union Service Center locations nationally.
- Federally insured by the NCUA.
Rules:
- Rates subject to change after the account is opened.
- Minimum balance to obtain the advertised annual percentage yield is $1,000.
- The minimum balance required to open a Variable Rate Share Certificate is $1,000.00 and must be maintained to receive the disclosed APY.
- Additional deposits allowed during the life of this Share Certificate.
- Rate is based upon the 1 Year Treasury Bill rate less 0.50%.
- Rate will adjust monthly and will not fall below 1.00% APY or exceed 8.00% APY.
- A penalty may be imposed for early withdrawal and fees could reduce the earnings on the account.
Best 12-Month CD Rates in Alabama

Bank or Credit Union Name: Ivy Bank
Minimum Amount: $1000.00
APY / Rate: 4.85% APY
Pros:
- FDIC-insured bank up to maximum
- With a quick and easy application process,
Rules:
- Minimum opening deposit of $1,000.
- The Annual Percentage Yield (APY) is based on monthly compounding with funds held to maturity. $10 minimum daily balance required to earn APY.
- Additional deposits are not permitted. Substantial penalties for early withdrawal may be imposed.
- Ivy Bank and Cambridge Savings Bank are treated as the same entity for the purposes of calculating FDIC insurance limits.
- The National Certificates of Deposit Average is calculated monthly by the Federal Deposit Insurance Corporation (FDIC) and can be found on FDIC.gov.

Bank or Credit Union Name: M.Y. Safra Bank
Minimum Amount: $500
APY / Rate: 4.52% APY
Pros:
- Monthly compounding interest
- Low minimum balance required
- Interest is calculated on deposit until maturity
- FDIC insured savings
Rules:
- Interest is compounded monthly and credited in account at months end
- A penalty is charged on early withdrawal
Best 3 Years CD Rates in Alabama

Bank or Credit Union Name: All in federal credit union
Minimum Amount: $1000.00
APY / Rate: 4.75% APY
Pros:
- Low minimum deposit of only $1,000; no maximum
- Great dividend rates
- They have 6,000 branch offices at Credit Union Service Center locations nationally.
- Federally insured by the NCUA.
Rules:
- Rates subject to change after the account is opened.
- Minimum balance to obtain the advertised annual percentage yield is $1,000.
- The minimum balance required to open a Variable Rate Share Certificate is $1,000.00 and must be maintained to receive the disclosed APY.
- Additional deposits allowed during the life of this Share Certificate.
- Rate is based upon the 1 Year Treasury Bill rate less 0.50%.
- Rate will adjust monthly and will not fall below 1.00% APY or exceed 8.00% APY.
- A penalty may be imposed for early withdrawal and fees could reduce the earnings on the account.

Bank or Credit Union Name: Alliant Credit Union
Minimum Amount: $1000.00
APY / Rate: 4.60% APY
Pros:
- Funds are insured up to $250,000 by NCUA
- Low minimum deposit of only $1,000; no maximum
- Great dividend rates
Rules:
- Dividends compounded every month and at maturity.
- Incur an early withdrawal penalty
Best 5 Years CD Rates in Alabama

Bank or Credit Union Name: All in federal credit union
Minimum Amount: $1000.00
APY / Rate: 5.00% APY
Pros:
- Low minimum deposit of only $1,000; no maximum
- Great dividend rates
- They have 6,000 branch offices at Credit Union Service Center locations nationally.
- Federally insured by the NCUA.
Rules:
- Rates subject to change after the account is opened.
- Minimum balance to obtain the advertised annual percentage yield is $1,000.
- The minimum balance required to open a Variable Rate Share Certificate is $1,000.00 and must be maintained to receive the disclosed APY.
- Additional deposits allowed during the life of this Share Certificate.
- Rate is based upon the 1 Year Treasury Bill rate less 0.50%.
- Rate will adjust monthly and will not fall below 1.00% APY or exceed 8.00% APY.
- A penalty may be imposed for early withdrawal and fees could reduce the earnings on the account.

Bank or Credit Union Name: Popular Direct
Minimum Amount: $10000.00
APY / Rate: 4.55% APY
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