Best CD Rates in Alabama

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.

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.

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.

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

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.

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

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.

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