Best CD Rates in Louisiana
Vikram Singh
Best 6-Month CD Rates in Louisiana

Bank or Credit Union Name: Department Of Commerce Federal Credit Union
Minimum Amount: $500
APY Rate: 4.29%
Pros:
- Leading CD rates in the market
- Best customer service
- FDIC insured
- Additional 0.10% APY with initial deposits of $25k
- No limit on beneficiaries
Rules:
- Dividends are compounded and credited monthly to the DOCFCU checking or savings account
- Early withdrawal earns you a penalty amounting to the interest of 180 days
- 10 calendar days grace period before auto-renewal

Bank or Credit Union Name: Ivy Bank
Minimum Amount: $1000.00
APY / Rate: 4.85%
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.
Best 12 Month CD Rates in Louisiana

Bank or Credit Union Name: Ivy Bank
Minimum Amount: $1000.00
APY / Rate: 4.85%
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.

Bank or Credit Union Name: Popular Direct
Minimum Amount: $1000.00
APY / Rate: 4.80% 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
Best 3 Years CD Rates in Louisiana

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

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
- 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.
Best 5 Years CD Rates in Louisiana

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:
- Best CD rates nationwide
- Choices of CD withdrawal methods
- 3-months to 60-month term options
- Insured by FDIC
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 that 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.