If you’re looking to invest in a CD, it may be hard to choose which institution to invest through. We’re here to help, with our list of the best CD rates in Kentucky.

Find the best banks in Kentucky.

For more about CDs, check out our CD overview.

Best 6-Month CD Rates in Kentucky

4.0
Our Rating

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
Our Rating

Bank or Credit Union Name: Merrick Bank

Minimum Amount: $25000

APY / Rate: 4.45%

Pros:

  • Top-tier APY on CD
  • 24/7 access to the account through online banking
  • CD options ranging from 3 to 6 months
  • FDIC insured banking

Rules:

  • CD can be booked in the name of one person or joint accounts in the names of more than one person
  • Truth-in-Savings disclosure with detailed information about the CD is shared with the customer
  • Interest is accrued and credited to the account monthly.

Best 2-year CD Rates in Kentucky

4.0
Our Rating

Bank or Credit Union Name: Prime Alliance Bank

Minimum Amount: $500

APY / Rate: 4.75%

Pros:

  • Competitive APY and interest rates
  • 24/7 customer support
  • FDIC insured
  • Competitive Interest rates

Rules:

  • Interest is compounded monthly and credited to the account at month’s end.
  • A penalty is charged on withdrawing the amount before maturity.
  • CD gets auto renewed. To make any changes to the term or add more funds, there is a 10-days grace period on maturity.
4.0
Our Rating

Bank or Credit Union Name: North American Savings Bank

Minimum Amount: $5000.00

APY / Rate: 4.60% APY

Pros:

  • Reputed Bank in the region
  • High APY on CDs
  • eBook, “Everything You Need To Know About Certificate of Deposit Accounts” available
  • No limit on beneficiaries
  • FDIC insured.

Rules:

  • Minimum balance must be maintained
  • Early withdrawal penalty equalling 6 months interest
  • 7 day grace period before CD gets auto renewed
  • Terms range from 3 months to 5 years.
4.0
Our Rating

Bank or Credit Union Name: Sallie Mae Bank

Minimum Amount: $2500

APY Rate: 4.50% APY

Pros:

  • No monthly fee
  • Higher APY on CDs
  • No minimum opening deposits on savings and money market accounts

Rules:

  • Interest disbursements are available monthly, quarterly, annually or at maturity.
  • Customers face fines if they remove monies before the maturity date.

Best 3 Years CD Rates in Kentucky

4.0
Our Rating

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.
4.0
Our Rating

Bank or Credit Union Name: North American Savings Bank

Minimum Amount: $1000.00

APY / Rate: 4.60% APY

Pros:

  • Reputed Bank in the region
  • High APY on CDs, giving them one of the best CD rates in Kentucky
  • eBook, “Everything You Need To Know About Certificate of Deposit Accounts” available
  • No limit on beneficiaries
  • FDIC insured.

Rules:

  • Minimum balance must be maintained
  • Early withdrawal penalty equalling 6 months interest
  • 7 days grace period before CD gets auto renewed
  • Terms range from 3 months to 5 years.
4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500.00

APY / Rate: 4.50% APY

Pros:

  • Excellent for earning a competitive interest rate on a savings account or CD, making this one of the best CD rates in Kentucky for those who are serious about investing.
  • 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 Kentucky

4.0
Our Rating

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
4.0
Our Rating

Bank or Credit Union Name: CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 4.50% 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.
4.0
Our Rating

Bank or Credit Union Name: First Internet Bank of Indiana

Minimum Amount: $1000

APY / Rate: 4.39 APY

Pros:

  • Deals in online CD options exclusively
  • Best CD rates for 6-month CD term
  • Low early withdrawal penalty
  • FDIC insured

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

Best 12-Month CD Rates in Kentucky

4.0
Our Rating

Bank or Credit Union Name: CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 4.00% 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
4.0
Our Rating

Bank or Credit Union Name: 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.
4.0
Our Rating

Bank or Credit Union Name: 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 Kentucky

4.0
Our Rating

Bank or Credit Union Name: 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
4.0
Our Rating

Bank or Credit Union Name: 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.
4.0
Our Rating

Bank or Credit Union Name: 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.
4.0
Our Rating

Bank or Credit Union Name: 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:

  • 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 3 Years CD Rates in Kentucky

4.0
Our Rating

Bank or Credit Union Name: 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
4.0
Our Rating

Bank or Credit Union Name: NASA Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.00% 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.
4.0
Our Rating

Bank or Credit Union Name: 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 Kentucky

4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75% APY

Pros:

  • $1,500 minimum opening deposit
  • FDIC insured
  • Zero service charges
  • Interest Accrued and compounded daily & Credited and posted monthly

Rules:

  • APYs are subject to change at any time without notice
  • The penalty will be applied for early withdrawals on CDs
  • The penalty is calculated based on 365 days of simple interest.
  • $25 per outgoing wire transfer
  • Auto-renew at maturity or cash out without penalty within the 10-day grace period
4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY / Rate: 4.50% 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
4.0
Our Rating

Bank or Credit Union Name: 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.
4.0
Our Rating

Bank or Credit Union Name: 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

Rules:

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