Best CD Rates in Indiana
Best 6-Month CD Rates in Indiana
Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000
APY Rate: 4.39%
Pros:
- Online only banking experience
- High interest rates
- Low minimum deposit
Rules:
- Interest is compounded every month and added to the account at month’s end
- Early withdrawal are exposed to penalty
Bank or Credit Union Name: Banesco USA
Minimum Amount: $15000
APY Rate: 4.30%
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
Best 12 Month CD Rates in Indiana
Bank or Credit Union Name: Banesco USA
Minimum Amount: $10000.00
APY / Rate: 4.80% 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
Bank or Credit Union Name: Alliant Credit Union
Minimum Amount: $1000
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 3 Years CD Rates in Indiana
Bank or Credit Union Name: CFG Community Bank
Minimum Amount: $500.00
APY / Rate: 4.60% APY
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
- The interest on the CD is compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.
Bank or Credit Union Name: 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 5 Years CD Rates in Indiana
Bank or Credit Union Name: Popular Direct
Minimum Amount: $10000.00
APY / Rate: 4.55% APY
Pros:
- Online-only CD options are available
- Highly competitive CD rates in a 1-year term
- Early withdrawal penalties are decent
- FDIC-insured bank with investment covered to the max
- Terms ranging from 3 months to 5 years
Rules:
- Interest on CDs is compounded monthly and added to the account at the month’s end.
- Early withdrawal incurs a penalty amounting to:
1- 90 days interest for a 3-month term
2- 180 days interest for a 6-18 month term
3- 365 days interest for 24-60 month term
Bank or Credit Union Name: BMO Harris
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- Competitive CD rates
- Decent minimum balance requirement
- Easy CD withdrawal methods
- 3-months to 60-month term available
Rules:
- A CD can be opened via mobile, online,, or telephone.
- The interest on the CD is compounded monthly and added to the account on a fixed date every month.
- There is a penalty for early withdrawal which depends on the term and amount of the CD.
- Any changes to the CD regarding the amount or term can be made within the grace period of penalty days post maturity.