Best CD Rates in Arkansas

When the investors want to maximize their savings, they rely on the Certificate of Deposit as it delivers the highest return. On the other hand, finding the best Certificate of Deposit (CD) rates is not that much of an easy pathway, especially in a place as diverse and financially varied as Arkansas.

The state, known for its lush landscapes, rivers, and hot springs. Whereas, it also offers rich options for savers. In Arkansas, where local banks and credit unions compete alongside national institutions, the urge for the highest CD rates can uncover a lot of opportunities.

For the most specified results, and rewarding opportunities, the following article will let the people o make a well defined and informed decision for their investments.

Let’s explore the further details in the section below;

Overall Best CD rates in Arkansas

No.	Name of the Bank	APY %	Term Length	Address
1	First Community Bank	5.50%	12-month	1325 Harrison Street, Batesville, AR 72501
2	The Citizens Bank	5.50%	14-month	655 Saint Louis Street, Batesville, AR 72501
3	Heritage Bank	5.50%	6-month	Online
4	Simmons Bank	5.30%	18-month	501 Main Street, Pine Bluff, AR 71601
5	First Financial Bank	5.15%	11-month	214 North Washington, El Dorado, AR 71730
6	First Security Bank	5.10%	6-month	314 North Spring Street, Searcy, AR 72143
7	Capital Bank	5.05%	3-month	12224 Chenal Pkwy Little Rock, AR 72211
8	Home BancShares, Inc.  (Conway)	5.00%	48-month	719 Harkrider Street, Conway, AR 72032
9	Bank of England	5.00%	18-month	123 South Main Street, England, AR 72046
10	United Bank	5.00%	5-month	2600 South Thompson, Springdale, AR 72764
11	Peoples Bank	5.00%	9-month	204 East Main Street, Magnolia, AR 71753
12	Telcoe Federal Credit  Union	5.00%	18-month	820 Louisiana Street, Little Rock, AR 72203
13	Fort Smith Dixie Cup  Federal Credit Union	5.00%	3-month	4411 Midland Blvd Fort Smith, AR 72904
14	INTRUST Bank, National  Association	4.97%	3-month	3300 Market St Rogers, AR 72758
15	Arkansas Best Federal Credit Union	4.85%	3-month	3501 Old Greenwood Rd PO Box 17020 Fort Smith, AR 72903
16	Bank of Lake Village	4.60%	3-month	1015 Hwy 65 & 82 S Lake Village, AR 71653
17	Farmers Bank & Trust	4.50%	7-month	200 East Main Street, Magnolia, AR 71753
18	Southern Bancorp	4.50%	6-month	601 Main Street, Arkadelphia, AR 71923
19	Anstaff Bank	4.50%	12-monh	100 First National Avenue, Green Forest, AR 72638
20	Wells Fargo Bank,  National Association	4.50%	3-month	621 Hickory St Texarkana, AR 71854
21	Bank of Gravett	4.33%	18-month	211 Main Street NW, Gravette, AR 72736
22	Arkansas Best Federal Credit Union	4.16%	6-month	3501 Old Greenwood Road, Fort Smith, AR 72903
23	Bank of Gravett	4.04%	3-month	192 E Centerton Blvd Centerton, AR 72719
24	Legacy National Bank	4.04%	3-month	1325 E Joyce Blvd Fayetteville, AR 72703
25	Liberty Bank of Arkansas	4.01%	9-month	Jonesboro, AR.
26	Evolve Bank & Trust	4.01%	36-month	6070 Poplar Avenue, Suite 200, Memphis, TN 38119
27	Bank OZK (formerly Bank  of the Ozarks)	4%	6-month	17901 Chenal Parkway, Little Rock, AR 72223
28	Bear State Bank	4.00%	7-month	1401 South Walton Boulevard, Bentonville, AR 72712.
29	Union Bank of Mena	3.96%	60-month	303 Highway 71 North, Mena, AR 71953
30	Cross County Bank	3.93%	5-month	1 Cross County Plaza, Wynne, AR 72396
31	Bank of America, National  Association	3.93%	3-month	281 E Meadow Ave Springdale, AR 72764
32	Fidelity National Bank	3.80%	3-month	810 Hwy 64 E Wynne, AR 72396
33	First National Bank of  Lawrence County at Walnut Ridge	3.75%	3-month	131 Hwy 63 Bono, AR 72416
34	Citizens Bank	3.59%	24-month	200 South Third Street, Batesville, AR 72501
35	Signature Bank of Arkansas	3.59%	7-month	3878 North Crossover, Fayetteville, AR 72703
36	Bank of England	3.55%	3-month	1320 Rebsamen Park Rd Little Rock, AR 72202
37	Unify Financial Credit  Union	3.50%	3-month	916 W Monroe Ave Lowell, AR 72745
38	River Valley Community  Federal Credit Union	3.45%	3-month	2416 N West Ave El Dorado, AR 71730
39	River Valley Community  Federal Credit Union	3.40%	24-month	340 Cash Road SW, Camden, AR 71701
40	First State Bank	3.04%	13-month	3103 East Main Street, Russellville, AR 72802
41	Merchants & Planters  Bank	3.03%	17-month	319 East Main Street, Newport, AR 72112
42	United Arkansas Federal  Credit Union	3.03%	12-month	8405 Interstate 30, Little Rock, AR 72209
43	Relyance Bank	3.02%	24-month	912 Cherry Street, Pine Bluff, AR 71601
44	Farmers Bank (Greenwood)	3.00%	24-month	71 West Center Street, Greenwood, AR 72936
45	Arkansas Superior Federal  Credit Union	2.75%	36-month	1090 Old Warren Road, Monticello, AR 71655
46	First National Bank of Fort Smith	2.50%	18-month	602 Garrison Avenue, Fort Smith, AR 72901
47	The Bank of Fayetteville	2.50%	48-month	1 East Center Street, Fayetteville, AR 72701
48	Fort Smith Dixie Cup  Federal Credit Union	2.50%	24-month	Online
49	Eagle Bank & Trust	2.48%	48-month	5800 R Street, Little Rock, AR 72207
50	Integrity First Bank	2.36%	6-month	502 South Hickory Street, Mountain Home, AR 72653
51	Bank of Little Rock	2.35%	6-month	200 North State Street, Little Rock, AR 72201
52	Diamond Lakes Federal  Credit Union	2.25%	6-month	4032 Central Avenue, Hot Springs National Park, AR 71913
53	River Town Bank	2.08%	9-month	102 South Front Street, Dardanelle, AR 72834
54	Saint Edward Mercy Hospital Federal Credit Union	2.00%	3-month	7301 Rogers Ave PO Box 17000 Fort Smith, AR 72903
55	The Farmers & Merchants Bank	1.25%	36-month	708 South Main Street, Stuttgart, AR 72160
56	First Arkansas Bank &  Trust	1.25%	12-monh	600 West Main Street, Jacksonville, AR 72076
57	The Capital Bank	1.25%	12-month	17901 Chenal Parkway, Little Rock, AR 72223
58	Chambers Bank	1.09%	48-month	901 Main Street, Danville, AR 72833
59	Arvest Bank	1.08%	60-month	75 North East Street, Fayetteville, AR 72701
60	Summit Bank	1.08%	48-month	Arkadelphia, AR.
61	Diamond Bank	1.06%	18-month	319 East Main Street, Murfreesboro, AR 71958
62	Centennial Bank	0.06%	48-month	620 Chestnut Street, Conway, AR 72032
63	Priority Bank	0.05%	60-month	400 West Commercial Street, Ozark, AR 72949
64	Arkansas Federal Credit Union	N/A	N/A	2424 Marshall Road, Jacksonville, AR 72076
65	Farmers & Merchants Bank (Stuttgart)	N/A	N/A	708 South Main Street, Stuttgart, AR 72160

Current CD Rates of Arkansas

The current Certificate of Deposit (CD) rates in Arkansas has significant relevance for savers and investors. It offers a secure and highly predictable way to earn interest on their deposits. Along with the fluctuating market conditions and economic uncertainties, CDs stand out as a credible source of stability. Furthermore, it allows Arkansans to lock in competitive interest rates for fixed periods.

Best 6-Month CD Rates

For savers seeking a short-term investment with a swift return, the best 6-month CD rates offer a precise blend of higher interest without the long-term commitment.

1. Merrick Bank

Minimum Amount: $25000

APY: 4.40% APY

Pros:

• Fixed, competitive rate of return
• 24/7 anytime, anywhere account access
• Strong and growing U.S. – based bank with one of the best CD rates in Arkansas.
• Peace of mind with no hidden fees

Rules:

• APYs are subject to change at any time without notice.
• This offer is for consumer accounts only. Fees may reduce earnings.
• A minimum of $25,000 is required to open a CD account and must be deposited in a single transaction.
• After maturity, if you choose to roll over your CD, you will earn the base rate of interest in effect at that time.

2. Lone Star Bank

Minimum Amount: $1.000.00

APY / Rate: 4.25% APY

Pros:

• 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
• The amount you need to open a CD is $1,000, and the maximum balance is $250,000.

3. Live Oak Bank

Minimum Amount: $2500.00

APY Rate: 4.25% APY

Pros:

• High-interest rates.
• Offer mobile and online banking.
• No opening and maintenance fees.
• Competitive interest rates on checking, savings, and certificates of deposit. This gives Live Oak Bank one of the best CD rates in Arkansas.

Rules:

•  If the account is closed before interest is credited
• You need $2,500 to open, and the maximum balance is $250,000.

Best 12-Month CD Rates in Arkansas 

The best 1-year CD rates are ideal for the individuals who are looking for a balance between moderate-term investment and appreciable yield.

1. Blue FCU

Minimum Amount: $1

APY Rate: 4.60% APY

Pros:

• No monthly fee, ATM charges & minimum deposit needed
• Pay bills to anyone through the United States
•  Offers an annual percentage yield of up to 2%

Rules:

• Limit one per social security number.
• A minimum daily balance of $25.00 is required to earn dividends.
• The rate changes once the balance exceeds $5,000.
• Dividends are compounded daily and paid quarterly.

2. CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 3.50% 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: 4.00% 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 Years CD Rates in Arkansas

2-years CD rates are also so popular among the investors to seek a credible level of the Yields and interest over their savings. Here are some precise choice options

1. Synchrony Bank

Minimum Amount: $0.00

APY Rate: 3.50% APY

Pros:

• No minimum balance
• Easiest penalty terms
• CD ladder strategy to avoid penalty
• Interest can be withdrawn anytime without penalty
• FDIC insured up to $250,000

Rules:

• Interest is calculated monthly and credited to the account at the end of the month
• Penalty on premature withdrawal.

2.  First National Bank of America

Minimum Amount: $1000

APY Rate: 3.95% 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.

3. PenFed Credit Union

Minimum Amount: $1000

APY / Rate: 3.85 % 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:

• 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.

Best 3 Years CD Rates in Arkansas

Investors who require a middle ground in terms of duration and return will find the best 3-year CD rates appealing. They typically offer higher interest rates in exchange for a slightly longer investment period.

1. Quontic Bank

Minimum Amount: $500.00

APY / Rate: 3.75 % APY

Pros:

• Instant account opening
• Low minimum balance
• FDIC insured

Rules:

• Interest is compounded daily and credited to the account at the end of every month
•   A periodic rate is applied to the balance (principal + interest) in the account
• CD can be withdrawn upon maturity within 10 days after which, it is automatically renewed on the same terms.

2. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.00% 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.

3. PenFed Credit Union

Minimum Amount: $1000

APY / Rate: 3.65% 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.

Best 5 Years CD Rates in Arkansas

For those who prioritize maximum interest and can afford to set aside funds for an extended period, the best 5-year CD rates present the most concise opportunities within the CD spectrum.

1. Popular Direct

Minimum Amount: $10000

APY Rate: 4.35% APY

Pros:

• No monthly fees on savings account
• Competitive rates on savings and CDs
• Access your account 24/7 from desktop or mobile.
• All deposits are FDIC insured, which is something that makes this one of the best CD rates in Arkansas.

Rules:

• The penalty is 730 days of simple interest
• Interest earned may vary
• fees may reduce the aggregate balance on the account.
• A minimum deposit of $10,000 is required for all CDs.

2. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.26% 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.  PenFed Credit Union

Minimum Amount: $1000.00

APY / Rate: 3.65 % 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, making this another competitor for the best CD rates in Arkansas.

Rules:

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

Arkansas Economic Statistics

As investors navigate the landscape of Certificate of Deposit rates in Arkansas, understanding the economic backdrop of the state is crucial. So that they can make well informed decisions.

Economic Indicator	Value
Average Household Income	$55,400
Average Home Value	$157,000
Population	>3 Million

With an average household income of approximately $55,400, Arkansas presents a diverse economic environment for potential savers and investors. The average home value in the state stands at around $157,000. It is a relatively affordable housing market compared to the national average.

Furthermore, with a population exceeding 3 million people, Arkansas’s demographic and economic dynamics create a unique context for assessing the attractiveness of CD rates. These statistics not only highlight the financial health and living standards of Arkansans but also underscore the importance of choosing the right investment vehicles, such as CDs, to align with one’s financial goals and the broader economic conditions.

How to Get Best CD Rates in Arkansas?

To secure the best CD rates in Arkansas, it’s essential to conduct thorough research and comparison shopping among various financial institutions, including local banks, credit unions, and online banks, which often offer competitive rates compared to national chains.

Additionally, paying attention to promotional offers and being ready to negotiate for better rates can also lead to more favorable terms. Make sure to consider the timing of your investment is crucial, as CD rates fluctuate based on economic conditions and federal interest rate policies.

Moreover, joining a credit union is also considerable. It typically offers higher interest rates to its members. Ultimately, understanding your financial goals, investment timeline, and risk tolerance, along with staying informed about the broader economic environment, will help you in choosing the best CD rates in Arkansas.

CD Rates Methodology

The methodology behind reviewing and selecting the best CD rates involves a comprehensive analysis of offerings from a wide array of financial institutions.

In this instance, a total of 98 banks’ CD rates were reviewed to ensure a broad and representative sample of the market. This review process included both large national banks and smaller, local banks to capture the full spectrum of available rates and terms. Out of these, 68 banks made the list, indicating that their CD rates were competitive enough to stand out among the vast number of options.

The selection criteria for making the list were based on several key factors:

• Interest Rates Offered
• Term Lengths
• Minimum Deposit Requirements
• Early Withdrawal Penalties
• Overall Bank Reliability and Customer Service

Conclusion

In conclusion, the best CD rates in Arkansas will help to maximize their returns. Whether you are drawn to the security and stability of local banks or the potentially higher yields of online institutions, the key lies in comparing rates, understanding terms, and considering the financial health and flexibility offered by each option.

By navigating the diverse financial ecosystem of the State with informed precision, investors can unlock the full potential of their savings. It ensures their financial growth and stability in the face of economic fluctuations.

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