Best CD Rates in Louisiana

In Louisiana, where the unique blend of vibrant culture and robust economic activities thrives, savers are always on the lookout for the most competitive CD rates. It ensures that their money grows efficiently over time.

Generally, investing in a CD can offer a safe and reliable way to achieve your financial goals. With various financial institutions vying for your business, it pays to shop around to find the top CD rates in this State.

Let’s dive into how Louisianans can maximize their savings by identifying the best CD rates available.

Overall Best CD rates in Louisiana

No.	Name of the Bank	APY %	Term Length	Address
1	Eagle Louisiana Federal Credit Union	5.50%	6-month	2271 College Dr PO Box 64630 Baton Rouge, LA 70808
2	Neighbors Federal Credit Union	5.38%	6-month	185 Eddie Robinson Sr Dr Baton Rouge, LA 70802
3	Access of Louisiana Federal Credit Union	5.25%	6-month	519 Kirby St Lake Charles, LA 70601
4	ANECA Federal Credit Union	5.25%	6-month	1981 Airline Dr Bossier City, LA 71112
5	ASI Federal Credit Union	5.25%	6-month	3131 N I 10 Service Rd E Metairie, LA 70002
6	Community First Bank	5.25%	6-month	202 S Main St Loreauville, LA 70552
7	E Federal Credit Union	5.25%	6-month	9210 Perkins Rd Baton Rouge, LA 70810
8	Farmers-Merchants Bank & Trust Company	5.25%	6-month	2829 Grand Point Hwy Breaux Bridge, LA 70517
9	Whitney Bank	5.25%	3-month	228 St. Charles Avenue, New Orleans, LA 70130
10	Fifth District Savings Bank	5.15%	6-month	425 Harrison Ave New Orleans, LA 70124
11	Bank of St. Francisville	5.10%	6-month	5700 Commerce St Saint Francisville, LA 70775
12	Heritage Bank of St. Tammany	5.07%	6-month	707 Main St Madisonville, LA 70447
13	CSE Federal Credit Union	5.05%	6-month	1170 Sam Houston Jones Pkwy Moss Bluff, LA 70611
14	Citizens Bank & Trust Company	5.00%	6-month	73021 Hwy 25 Covington, LA 70435
15	Commerce Community Bank	5.00%	6-month	600 E Main St Oak Grove, LA 71263
16	Hibernia Bank	5.00%	6-month	933 Metairie Rd Metairie, LA 70005
17	Sicily Island State Bank	5.00%	6-month	6800 Kinloch St Winnsboro, LA 71295
18	Louisiana Federal Credit Union	4.59%	6-month	136 W 10th St Reserve, LA 70084
19	Campus Federal Credit Union	4.43%	3-month	433 Bolivar St New Orleans, LA 70112
20	First South Farm Credit	4.02%	24-month	9555 Airline Highway, Baton Rouge, LA 70815
21	Teche Federal Bank	4.01%	3-month	727 West Main Street, New Iberia, LA 70560
22	BancorpSouth Bank	4.00%	6-month	6889 Corporate Blvd Baton Rouge, LA 70809
23	Gulf Coast Bank and Trust Company	4.00%	3-month	217 Huey P Long Ave Gretna, LA 70053
24	United Community Bank	4.00%	24-month	12328 Highway 44, Gonzales, LA 70737
25	Synergy Bank	3.93%	3-month	210 Synergy Center Blvd, Houma, LA 70360
26	Louisiana Community & Technical College System Foundation	3.86%	36-month	265 S. Foster Drive, Baton Rouge, LA 70806
27	Investar Bank	3.73%	3-month	500 Veterans Memorial Blvd Metairie, LA 70005
28	Northrop Grumman Federal Credit Union	3.70%	6-month	4400 Sen J Bennett Johnston Ave Lake Charles, LA 70615
29	Vermilion Bank & Trust Company	3.68%	7-month	420 N Cushing Avenue, Kaplan, LA 70548
30	United Community Bank	3.45%	3-month	590 Belle Terre Blvd Laplace, LA 70068
31	First American Bank and Trust	3.09%	3-month	13355 Hwy 90 PO Box 521 Boutte, LA 70039
32	Eagle Louisiana Federal Credit Union	3.04%	3-month	6400 Saint Claude Ave Jackson Barracks Area C New Orleans, LA 70117
33	PenFed Credit Union	3.00%	6-month	Online
34	Woodforest National Bank	3.00%	3-month	8101 W Judge Perez Dr Chalmette, LA 70043
35	EFCU Financial Federal Credit Union	3.00%	3-month	10719 Airline Hwy, Baton Rouge, LA 70816
36	ASI Federal Credit Union	3.00%	18-month	5508 Citrus Blvd, Harahan, LA 70123
37	City Savings Bank & Trust Co.	3.00%	24-month	Online
38	Navy Federal Credit Union	2.75%	3-month	501 Obannon St New Orleans, LA 70114
39	Louisiana Federal Credit Union	2.75%	7-month	805 Robin St, LaPlace, LA 70068
40	Campus Federal Credit Union	2.75%	6-month	6230 Perkins Rd, Baton Rouge, LA 70808
41	South Louisiana Bank	2.70%	12-monh	1362 W Tunnel Blvd, Houma, LA 70360
42	Barksdale Federal Credit Union	2.60%	3-month	2701 Village Ln, Bossier City, LA 71112
43	First National Banker’s Bank	2.50%	18-month	7813 Office Park Blvd, Baton Rouge, LA 70809
44	The Bank of Commerce	2.50%	6-month	Online
45	Central Progressive Bank	2.50%	3-month	Online
46	Crescent Bank & Trust	2.33%	3-month	1100 Poydras St, Suite 100, New Orleans, LA 70163
47	La Capitol Federal Credit Union	2.25%	3-month	3197 Richland Ave Metairie, LA 70002
48	Cross Keys Bank	2.08%	13-month	307 Plank Rd., St. Joseph, LA 71366
49	Farmers-Merchants Bank & Trust Company	2.06%	12-month	100 S Main St, Breaux Bridge, LA 70517
50	ASI Federal Credit Union	2.00%	3-month	5508 Citrus Blvd Harahan, LA 70123
51	Citizens Bank & Trust Co. of Vivian, LA	2.00%	3-month	102 W. Arkansas Ave, Vivian, LA 71082
52	American Bank & Trust Company	1.99%	3-month	1320 West Pinhook Road, Lafayette, LA 70503
53	Fidelity Bank	1.90%	9-month	201 St. Charles Avenue, Suite 2500, New Orleans, LA 70170
54	First Guaranty Bank	1.90%	36-month	400 Guaranty Square, Hammond, LA 70401
55	La Capitol Federal Credit Union	1.90%	6-month	700 Main Street, Baton Rouge, LA 70801
56	Origin Bank	1.90%	24-month	500 S Service Rd E, Ruston, LA 71270
57	Jefferson Parish Employees Federal Credit Union	1.88%	3-month	1801 Williams Blvd Kenner, LA 70062
58	Exchange Bank and Trust Company, Natchitoches, Louisiana	1.00%	17-month	700 Front St, Natchitoches, LA 71457
59	First Louisiana National Bank	1.00%	24-month	Online
60	Patterson State Bank	0.25%	60-month	1130 Highway 90 West, Patterson, LA 70392
61	Richland State Bank	0.16%	5-month	724 Louisa Street, Rayville, LA 71269
62	St. Tammany Federal Credit Union	0.05%	3-month	550 Pontchartrain Drive, Slidell, LA 70458

Current CD Rates of Louisiana

In the current economic landscape of Louisiana, CD rates hold significant importance for federal policies and market conditions.

CDs offer a stable investment option as it allows the individuals to lock in competitive rates for fixed periods.

This security is especially valuable in times of economic uncertainty, and it provides Louisiana residents with a low-risk avenue to grow their savings.

Best 6 Month CD Rates

The best 6-month CD rates in Louisiana offer an excellent starting point. They provide a secure return on your investment, and are ideal for individuals with short-term financial goals.

1. 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

2. 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).

Best 1 Year CD Rates

When it comes to balance risk and reward over a slightly longer horizon, the best 1-year CD rates in Louisiana stand out.

1. 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).

2. 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 Year CD Rates

For those with a more extended investment timeframe in mind, the best 3-year CD rates in Louisiana provide a golden middle path. They offer higher interest rates for investors.

1. 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

2. 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 Year CD Rates

5-year CD rates in Louisiana are unmatched. These long-term investments offer the highest interest rates, and are ideal for individuals with long-term goals and a stable financial outlook.

1.  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

2.  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.

Louisiana Economic Statistics

Louisiana’s economic landscape presents a unique backdrop for investors especially when it comes to finding the best CD rates.

• With an average household income of around $51,073. According to the U.S. Census Bureau, Louisiana residents have a diverse range of savings and investment needs that can be well-served by carefully chosen CD investments.
• The state’s average home value stands at approximately $192,173, reflecting a housing market that is accessible compared to many other parts of the country.
• Moreover, with a population of about 4.65 million people, Louisiana’s economy is supported by a mix of industries including energy, agriculture, and tourism, which contributes to the overall financial well-being.

Economic Indicator	Statistic
Average Household Income	$51,073
Average Home Value	$192,173
Population	4.65 million

When considering the best CD rates in Louisiana, it’s important for residents to align their investment choices with their financial goals, local economic conditions, and the broader economic indicators.

How to Get Best CD Rates in Louisiana

To secure the best CD rates in Louisiana, investors and savers should adopt a multifaceted approach that combines thorough research, comparison shopping, and strategic timing.

• Start by exploring a wide range of financial institutions, from large national banks to local credit unions, as these often offer competitive rates to attract or retain customers.
• Credit unions, in particular, can be a goldmine for higher rates due to their not-for-profit status, potentially offering more favorable terms to their members.
• Additionally, keeping an eye on the economic trends and Federal Reserve rate adjustments can provide insights into when rates might rise, allowing you to time your investment for maximum yield.
• Utilize online financial comparison tools to streamline the search process, ensuring you review the terms and conditions for each CD, including minimum deposit requirements and early withdrawal penalties.

Building a relationship with your bank or credit union can also unlock preferred rates, especially for those with multiple accounts or significant deposits. This strategy ensures you have regular access to part of your investment, with the opportunity to reinvest at potentially higher rates as each CD matures.

CD Rates Methodology

Our methodology for reviewing and selecting the top CD rates involves a comprehensive analysis of offerings from a wide array of financial institutions.

We meticulously reviewed CD rates from 85 banks.

By selecting the top 62 out of 85 banks reviewed, our methodology underscores a commitment to quality and value. It ensures that our recommendations reflect the best opportunities for earning higher interest on CD investments in the current economic environment.

Conclusion

In conclusion, the key takeaway is that, in the diverse economic environment of Louisiana, there are a large number of opportunities for securing attractive CD rates that can enhance your financial portfolio’s stability and growth potential.

With the right information and a strategic approach, savers and investors can confidently navigate the CD market.

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