Best CD Rates in Kansas

Kansas residents are seeking the most robust and highly credible returns on their investments through Certificates of Deposit (CDs). The state is offering a myriad of options to explore for the investors.

In this finding the best CD rates in Kansas can significantly impact your financial growth. By comparing interest rates, terms, and additional features offered by various financial institutions across the state, you can make informed decisions to secure your financial future.

Let’s delve into the top CD rates available in Kansas, tailored to meet your savings goals and aspirations.

Overall Best CD rates in Kansas

No.	Name of the Bank	APY %	Term Length	Address
1	Midwest Heritage Bank, FSB	5.29%	3-month	8900 W 135th St Overland Park, KS 66221
2	Truity Credit Union	5.25%	18-month	901 N Broadway St, Pittsburg, KS 66762
3	CommunityAmerica Credit Union	5.13%	3-month	7900 State Line Rd Prairie Village, KS 66208
4	Credit Union of Leavenworth County	5.13%	3-month	4101 S 4th St Leavenworth, KS 66048
5	Great Plains Federal Credit Union	5.00%	3-month	301 N Alvarado St PO Box 495 Montezuma, KS 67867
6	Union State Bank of Everest	5.00%	3-month	6th & Main Everest, KS 66424
7	First Bank of Newton	4.97%	3-month	347A N Old US Highway 81 Hesston, KS 67062
8	INTRUST Bank, National Association	4.97%	3-month	18225 W 106th St Olathe, KS 66061
9	Millennium Bank	4.97%	3-month	121 N Washington St Junction City, KS 66441
10	Exchange National Bank & Trust Co.	4.91%	3-month	401 Centre Dr Lansing, KS 66043
11	Wells Fargo Bank, National Association	4.50%	3-month	2191 N Rock Rd Wichita, KS 67206
12	CommunityAmerica Credit Union	4.50%	12-month	9777 Ridge Dr, Lenexa, KS 66219
13	Security Bank of Kansas City	4.45%	18-month	701 Minnesota Ave, Kansas City, KS 66101
14	Arvest Bank	4.17%	3-month	301 W 4th Ave Caney, KS 67333
15	Mazuma Credit Union	4.17%	3-month	14275 W 135th St Olathe, KS 66062
16	Landmark National Bank	4.16%	3-month	701 Poyntz Ave, Manhattan, KS 66502
17	First Bank Kansas	4.16%	3-month	235 S Santa Fe Ave, Salina, KS 67401
18	Heartland Credit Union	4.05%	18-month	7915 Santa Fe Dr, Overland Park, KS 66204
19	Kansas State Bank	4.05%	24-month	1010 W Crawford St, Salina, KS 67401
20	Alliance Bank	4.05%	18-month	711 W Douglas Ave, Wichita, KS 67203
21	Central Star Credit Union	4.04%	24-month	333 W Pratt St, Pratt, KS 67124
22	Mainstreet Credit Union	4.04%	36-month	100 S Kansas Ave, Haven, KS 67543
23	Mid American Credit Union	4.02%	18-month	8404 W Kellogg Dr, Wichita, KS 67209
24	Envista Credit Union	4.00%	24-month	3626 SW Wanamaker Rd, Topeka, KS 66614
25	Capitol Federal Credit Union	4.00%	18-month	700 S Kansas Ave, Topeka, KS 66603
26	First Option Bank	4.00%	24-month	7500 College Blvd #100, Overland Park, KS 66210
27	Community Bank of Wichita	4.00%	24-month	215 S Laura St, Wichita, KS 67211
28	Envista Credit Union	4.00%	12-month	3626 SW Wanamaker Rd, Topeka, KS 66614
29	Central Bank and Trust Co.	4.00%	12-month	2921 SW Wanamaker Rd, Topeka, KS 66614
30	Bank of America, National Association	3.93%	3-month	1700 N Rock Rd Derby, KS 67037
31	Azura Credit Union	3.93%	3-month	610 SW 10th Ave, Topeka, KS 66612
32	Meridian Credit Union	3.93%	13-month	8710 E 32nd St N, Wichita, KS 67226
33	Westar Federal Credit Union	3.93%	18-month	6100 N 7th St, Kansas City, KS 66101
34	Azura Credit Union	3.93%	36-month	610 SW 10th Ave, Topeka, KS 66612
35	Industrial Credit Union	3.89%	24-month	1115 S 59th St, Kansas City, KS 66106
36	Legacy Bank	3.89%	24-month	100 E 1st St, Hutchinson, KS 67501
37	Truity Credit Union	3.68%	18-month	501 NE Lakeview Dr, Topeka, KS 66616
38	Westar Credit Union	3.68%	18-month	3001 W 6th St, Lawrence, KS 66049
39	Forbes Field Credit Union	3.50%	3-month	5920 SE Coyote Dr Topeka, KS 66619
40	Frontier Community Credit Union	3.50%	3-month	18751 S Gardner Rd Gardner, KS 66030
41	River Cities Community Credit Union	3.50%	3-month	625 Commercial St Atchison, KS 66002
42	Security State Bank	3.45%	3-month	117 N 4th St Leoti, KS 67861
43	Heartland Credit Union	3.35%	18-month	6601 W 78th St, Overland Park, KS 66204
44	Kansas Teachers Community Credit Union	3.25%	3-month	3204 N Broadway St Pittsburg, KS 66762
45	Golden Plains Credit Union	3.00%	18-month	1801 S Ohio St, Salina, KS 67401
46	Union State Bank	3.00%	12-month	110 W Main St, Everest, KS 66424
47	Mid American Credit Union	3.00%	24-month	8404 W Kellogg Dr, Wichita, KS 67209
48	Bell Credit Union	3.00%	36-month	1419 S Broadway St, Wichita, KS 67211
49	Crossroads Credit Union	3.00%	6-month	4225 W Central Ave, Wichita, KS 67212
50	Landmark National Bank	3.00%	36-month	107 N Main St, Hutchinson, KS 67501
51	Citizens State Bank & Trust Co.	3.00%	48-month	610 SW 10th Ave, Topeka, KS 66612
52	Meritrust Credit Union	2.86%	3-month	2900 N Rock Rd, Wichita, KS 67226
53	Navy Federal Credit Union	2.75%	3-month	5326 Morelock St Fort Riley, KS 66442
54	Central Star Credit Union	2.72%	24-month	611 S Kansas Ave, Topeka, KS 66603
55	Envista Credit Union	2.52%	3-month	3045 Iowa St Lawrence, KS 66046
56	Meritrust Credit Union	2.45%	24-month	1615 N Rock Rd, Wichita, KS 67206
57	Credit Union of America	2.14%	24-month	711 W Douglas Ave, Wichita, KS 67213
58	Mainstreet Credit Union	2.14%	24-month	2909 Vine St, Hays, KS 67601
59	Meridian Credit Union	2.00%	18-month	501 Meridian Ave, Valley Center, KS 67147
60	Fidelity Bank	1.99%	3-month	100 E English St, Wichita, KS 67202
61	Meridian Credit Union	1.98%	12-month	501 Meridian Ave, Valley Center, KS 67147
62	Kansas Blue Cross Blue Shield Credit Union	1.38%	24-month	1130 SW Oakley Ave, Topeka, KS 66604
63	Bank of Blue Valley	1.28%	18-month	11935 Riley St, Overland Park, KS 66213
64	Meritrust Credit Union	1.07%	18-month	4621 W 6th St, Lawrence, KS 66049

Current CD Rates of Kansas

the current CD rates in Kansas offer competitive opportunities for savers looking to grow their money securely. Individuals can capitalize on these offerings to earn interest while keeping their funds safely deposited in a variety of Kansas-based financial institutions.

By comparing rates and terms, they can select the option that best aligns with their financial objectives and risk tolerance.

Best 6-Month CD Rates

For those seeking short-term growth, Kansas offers competitive options with rates, allowing savers to quickly access their funds while still earning favorable returns.

1. Bask Bank

Minimum Amount: $1000

APY / Rate: 4.45%

Pros:

• High yield APY
• CD term ranges from 6 months to 24 months
• FDIC insured
• Easy customization and CD ladder option available

Rules:

• Interest on CD is calculated and accrued on a daily basis.
• The CD operates on reinvestment of interest and redeem and maturity basis.
• A penalty is incurred when the finds are prematurely withdrawn.

2.  Hingham Institution For Savings

Minimum Amount: $1000

APY / Rate: 4.30%

Pros:

• One of the best CD rates in Kansas
• No maximum balance limit
• FDIC insured banking

Rules:

• Interest compounded daily and added to the account on a monthly basis.
• Minimum balance must be maintained in the account till maturity.
• Early withdrawal is subject to penalty.
• On maturity, the CD is automatically renewed.

Best 1-Year CD Rates

Kansas presents diverse opportunities for individuals aiming to lock in their savings for a year, providing stability and modest growth.

1.  BMO Harris

Minimum Amount: $1000

APY / Rate: 5.00%

Pros:

• High, fixed interest rates on CD
• 3 Months to 60 months term options
• Low minimum account balance required
• FDIC insured
• Mobile, online and telephone banking features

Rules:

• CD earns compounded interest.
• Early withdrawal penalty on prematurely withdrawing fund
• Auto renewal on maturity
• Notice sent before maturity to allow CD alterations

2. State Bank of Texas

Minimum Amount: $50,000

APY / Rate: 4.85%

Pros:

• Best rate of interest on 12 month CD
• Easy account opening
• Excellent customer service

Rules:

• Interest is paid monthly via ACH.
• Early withdrawal penalty applicable
• Auto renewal of CD on maturity

Best 2-Year CD Rates

The investors who are looking for a balance between security and higher returns can explore Kansas’s 2-year CD rates, which offers a stable option for mid-term financial planning.

1. Modern Bank, National Association

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

• Top-tier rate of interest, easily making this one of the best CD rates in Kansas
• Low minimum deposit requirements
• FDIC insured to the maximum permitted by law

Rules:

• Interest is compounded and added to the account monthly.
• Auto renewal on maturity. A grace period is offered to alter CD terms.
• Premature withdrawal from the CD is charged with a penalty.

2. M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.48%

Pros:

• CD ladder option available
• Best interest rate for financial planning
• No hidden charges
• FDIC insured investment

Rules:

• Compound interest calculated on CD daily and added to the account monthly.
• Reinvestment of interest and disbursement on maturity rules followed
• Auto renewal on maturity
• 10-days grace period to alter CD term or withdraw CD
• Premature withdrawal is charged with a penalty

Best 3-Year CD Rates

Kansas offers competitive rates for 3-year CDs that provide a solid option for individuals who require a moderate growth and flexibility in their savings strategy.

1. Alliant Credit Union

Minimum Amount: $1000

APY / Rate: 4.60%

Pros:

• NCUA insured investment
• High interest rates and guaranteed returns
• No cap on maximum investment
• No monthly maintenance fees

Rules:

• Dividends compounded monthly as well as on maturity
• Easy withdrawal of dividends possible without any penalty charges.
• After withdrawing dividend once, no compound interest applicable
• Penalty on premature closing of CD.

2. KS State Bank

Minimum Amount: $500

APY / Rate: 4.27%

Pros:

• FDIC insured investment
• High APY rate
• Low minimum balance required
• No monthly maintenance fee

Rules:

• Daily balance method used to calculate interest.
• Interest is compounded quarterly and credited to the account every quarter.
• Early withdrawal are charged with a hefty penalty.
• CD auto renewed on maturity after completion of grace period.

Best 5-Year CD Rates

For those with a long-term savings horizon, Kansas offers appealing rates for 5-year CDs. It provides a steady growth potential over a more extended period.

1. BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

• High interest rate
• 3 to 60 months CD terms
• Minimum account balance requirement is very low
• FDIC insured
• Mobile, online and telephone banking features

Rules:

• Compound interest is calculated on CDs
• Early withdrawal penalty on prematurely withdrawing fund
• Auto renewal on maturity
• Notice sent before maturity to allow CD alterations

2.  M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.36%

Pros:

• CD ladder option available
• Best interest rate for financial planning
• No hidden charges, making this a great contender for one of the best CD rates in Kansas
• FDIC insured investment

Rules:

• Compound interest calculated on CD daily and added to the account monthly.
• Reinvestment of interest and disbursement on maturity rules followed
• Auto renewal on maturity
• 10-days grace period to alter CD term or withdraw CD
• Premature withdrawal is charged with a penalty

Kansas Economic Statistics

Kansas boasts a stable economic landscape that offers attractive opportunities for investors and savers.

• With an average household income of around $57,000 per year, residents have the financial means to explore various investment options, including Certificates of Deposit (CDs).
• The state’s average home value stands at approximately $214,347, reflecting a reasonable cost of living and potential for real estate investment.
• Kansas maintains a population of approximately 2.9 million people, providing a solid consumer base for businesses and financial institutions offering competitive CD rates.

Kansas	Economic Statistics
Average Household Income	$57,000 per year
Average Home Value	Approximately $214,347
Population	Approximately 2.9 million

These economic indicators suggest a favorable environment for investors and savers to consider when making financial decisions.

How to Get the Best CD Rates in Kansas

To secure the best CD rates in Kansas, it’s crucial to conduct thorough research and comparison among various financial institutions.

• Start by identifying banks and credit unions in Kansas that offer CD products. Online research, visiting bank websites, and consulting with financial advisors can provide valuable insights into current CD rates and terms.
• Once you’ve compiled a list of potential institutions, review their CD rates, terms, and special offers.
• Pay attention to factors such as minimum deposit requirements, early withdrawal penalties, and any additional perks or incentives offered.
•  After analyzing the available CD rates, narrow down your choices to the institutions offering the most competitive rates and terms that align with your savings objectives.

Last but not the least, before making a decision, reach out to the selected institutions directly to confirm the accuracy of the rates and terms listed online.

CD Rates Methodology

In our pursuit of identifying the best CD rates in Kansas, we conducted a comprehensive review of CD offerings from various banks and credit unions across the state. Our methodology involved analyzing CD rates, terms, and special promotions available as of the most recent data available. We reviewed CD rates from a total of 89 financial institutions operating in Kansas.

After thorough evaluation, we curated a list of the top CD rates offered by these institutions, considering factors such as competitiveness of rates, flexibility of terms, and overall value for savers. Out of the 89 institutions reviewed, 64 made it to our list of recommended options for individuals seeking the best CD rates in Kansas.

Conclusion

By following the above-outlined steps and conducting thorough research, individuals can confidently navigate the CD market in Kansas and secure the best rates to achieve their savings goals.

By thoroughly reviewing CD rates, terms, and special offers from a variety of banks and credit unions, individuals can make informed decisions to maximize their savings potential.

FAQs