Best 6-Month CD Rates in Alabama

4.0
Bankrate Score

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.
4.0
Bankrate Score

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

4.0
Bankrate Score

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.
4.0
Bankrate Score

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

4.0
Bankrate Score

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.
4.0
Bankrate Score

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

4.0
Bankrate Score

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.
4.0
Bankrate Score

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

Average CD Rates in Nevada

Sidebar CD Rates

1-YEAR CD 1.96%
2-YEAR CD 2.20%
6-MONTH CD 2.10%
5-YEAR CD 2.47%
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