Finding the best CD (Certificate of Deposit) rates in North Carolina can be a smart way to grow your savings. It can be helpful at times when you are in need of aspects with a fixed interest rate over a specific term.

With a variety of financial institutions, North Carolina offers competitive CD rates that can help maximize your returns with minimal risk.

The following guide will help you to navigate the landscape of CD rates in this state. It ensures you to make an informed decision to boost your savings.

Overall Best CD rates in North Carolina

No.Name of the BankAPY %Term LengthAddress
1American Airlines Federal Credit Union5.50%6-month4800 Hangar Rd Charlotte, NC 28208
2Deere Employees Credit Union5.29%6-month2000 John Deere Run Cary, NC 27513
3Atlanta Postal Credit Union5.25%6-month591 Brevard Rd PO Box 6515 Asheville, NC 28810
4Local Government Federal Credit Union5.25%6-month323 W Jones St Raleigh, NC 27603
5Live Oak Banking Company5.20%6-month1741 Tiburon Dr Wilmington, NC 28403
6Blue Flame Credit Union5.13%18-month1521 Dowd St, Charlotte, NC 28208
7Carolina Community Federal Credit Union5.10%6-month1207 Bessemer City Rd Gastonia, NC 28052
8Proponent Federal Credit Union5.08%6-month3504 Forestdale Dr  Burlington, NC 27215
9Charlotte Metro Federal Credit Union5.00%18-month718 Central Ave, Charlotte, NC 28204
10North State Bank4.95%24-month6200 Falls of Neuse Rd, Raleigh, NC 27609
11ServisFirst Bank4.91%6-month1200 Ridgefield Blvd Asheville, NC 28806
12High Point Bank and Trust4.91%12-monthOnline
13Coastal Bank & Trust4.75%6-month300 US Highway 17 N Holly Ridge, NC 28445
14Champion Credit Union4.57%18-month1 Academy St, Canton, NC 28716
15INOVA Federal Credit Union4.50%6-month127 Pony Farm Rd PO Box 568 Clayton, NC 27520
16Select Bank & Trust4.50%24-month700 W Cumberland St, Dunn, NC 28334
17Yadkin Bank4.45%6-monthOnline
18R T P Federal Credit Union4.25%6-month21 Park Dr Research Triangle Park, NC 27709
19New Republic Savings Bank4.20%6-month521 E Morehead St Charlotte, NC 28202
20Freedom Federal Credit Union4.20%24-month4840 W Market St, Greensboro, NC 27407
21NewBridge Bank4.05%24-monthOnline
22Members Credit Union4.04%18-month2098 Frontis Plaza Blvd, Winston-Salem, NC 27103
23Towne Bank4.02%3-month137 Mt Pleasant Rd, Chesapeake, VA 23322
24First Bank4.00%24-month300 SW Broad St, Southern Pines, NC 28387
25Self-Help Credit Union4.00%24-month301 W Main St, Durham, NC 27701
26First South Bank4.00%24-monthOnline
27Southern Bank and Trust Company4.00%3-month100 N Center St, Mount Olive, NC 28365
28United Federal Credit Union4.00%18-month3670 Hendersonville Rd, Fletcher, NC 28732
29Coastal Federal Credit Union3.93%18-month1000 St Albans Dr, Raleigh, NC 27609
30Union Bank3.93%12-month5121 Zebulon Rd, Zebulon, NC 27597
31Telco Community Credit Union3.93%24-month712 New Leicester Hwy, Asheville, NC 28806
32Vision Financial Federal Credit Union3.93%24-month214 Pacific Ave, Durham, NC 27704
33Roxboro Savings Bank, SSB3.92%6-month5420 Durham Rd Roxboro, NC 27573
34Local Government Federal Credit Union3.89%12-month323 West Jones Street, Suite 600, Raleigh, NC 27603
35Carolina Premier Bank3.75%24-monthOnline
36Summit Credit Union3.68%12-month8210 West Market Street, Greensboro, NC 27409
37Jackson Savings Bank, SSB3.50%6-month741 W Main St Sylva, NC 28779
38Southern First Bank3.50%6-month4700 Falls of Neuse Rd Raleigh, NC 27609
39American Partners Federal Credit Union3.50%18-month618 N Scales St, Reidsville, NC 27320
40Woodforest National Bank3.35%6-month11145 Bryton Town Center Dr Huntersville, NC 28078
41First Federal Savings Bank of Lincolnton3.25%6-month4461 W Hwy 27 Vale, NC 28168
42PenFed Credit Union3.00%6-month1800 Skibo Rd Fayetteville, NC 28303
43State Employees’ Credit Union3.00%36-month1000 Wade Ave, Raleigh, NC 27605
44Fidelity Bank3.00%24-month100 S Main St, Fuquay-Varina, NC 27526
45Park Sterling Bank3.00%18-monthOnline
46Piedmont Federal Savings Bank3.00%12-month1399 Silas Creek Pkwy, Winston-Salem, NC 27127
47Latino Community Credit Union3.00%36-month100 W Morgan St, Durham, NC 27701
48Mountain Credit Union2.96%12-month38 Maple St, Waynesville, NC 28786
49Piedmont Advantage Credit Union2.96%24-month3530 Advantage Way, Winston-Salem, NC 27103
50Heritage Trust Federal Credit Union2.75%18-monthOnline
51Premier Federal Credit Union2.72%24-month1400 Yanceyville St, Greensboro, NC 27405
52Wells Fargo Bank, National Association2.50%6-month550 S Tryon St Charlotte, NC 28202
53Entegra Bank2.14%24-monthOnline
54Capital Bank (part of First Horizon National Corporation)2.14%18-month333 Fayetteville St, Raleigh, NC 27601
55First Flight Federal Credit Union2.14%18-month1815 Kildaire Farm Rd, Suite A, Cary, NC 27518
56RBC Bank (USA)2.14%24-monthAcquired by PNC Bank; was in Raleigh, NC
57Carolina Trust Bank2.00%36-month901 East Main Street, Lincolnton, NC 28092
58Gateway Bank & Trust Co.2.00%18-monthOnline
59Allegacy Federal Credit Union1.98%24-month1691 Westbrook Plaza Dr, Winston-Salem, NC 27103
60Mechanics & Farmers Bank1.28%36-month116 W Parrish St, Durham, NC 27701
61HomeTrust Bank1.00%48-month10 Woodfin St, Asheville, NC 28801

Current CD Rates of North Carolina

Finding competitive CD rates in North California can make a noticeable difference in the growth of your savings. In North Carolina, the variety of financial institutions means that CD rates can vary widely, offering an opportunity for investors to lock in higher yields than standard savings accounts.

All is done without the risks associated with more volatile investment options. This makes CDs a valuable tool for both short-term savings plans and long-term financial strategies.

Best 6 Month CD Rates

Securing the best 6-month CD rates is ideal for individuals looking for a short-term investment to earn more than a regular savings account without committing their funds for an extended period.

  1. Bask Bank

Minimum Amount: $1000.00

APY / Rate: 4.45% APY


  • FDIC approved Bank
  • Terms available from 6-24 months
  • Top-tier APY rate with secured return guaranteed
  • Customer-friendly terms


  • 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.
  1. Live Oak Banking Company

Minimum Amount: $2500.00

APY / Rate: 4.15% APY


  • Insured by FDIC
  • No online banking or monthly maintenance fees
  • Interest can be automatically disbursed monthly
  • Manage your renewal preferences online


  • The minimum deposit required to open an account is $2,500 and the maximum amount is $250,000 per account.
  • Penalties may apply to early withdrawals.
  •  Penalties may apply to early withdrawals.
  • As a Live Oak Bank customer, your Live Oak Bank deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.

Best 1 Year CD Rates

1-year CD rates allow investors to benefit from higher interest earnings than many shorter-term CDs. It provides a perfect balance between accessibility and growth.

  1. Bask Bank

Minimum Amount: $1000.00

APY / Rate: 4.55% APY


  • FDIC approved Bank
  • Terms available from 6-24 months
  • Top-tier APY rate with secured return guaranteed
  • Customer-friendly terms


  • 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.
  1. M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.52%


  • Monthly compounding interest
  • Low minimum balance required
  • Interest is calculated on deposit until maturity
  • FDIC insured savings


  • Interest is compounded monthly and credited in account at months end
  • A penalty is charged on early withdrawal

Best 3 Year CD Rates

Investing in the best 3-year CD rates can be a strategic move for those looking to lock in competitive interest rates for a medium term.

  1. Alliant Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.60% APY


  • Funds are insured up to $250,000 by NCUA
  • Low minimum deposit of only $1,000; no maximum
  • Great dividend rates


  • Dividends compounded every month and at maturity.
  • Incur an early withdrawal penalty
  1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY


  • Excellent for earning a competitive interest rate on a savings account or CD.
  • Without monthly services.
  • Free domestic incoming wire transfers on savings account


  • 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 Year CD Rates

Choosing the best 5-year CD rates is a wise decision for long-term savers aiming to maximize their interest earnings with the safety and security of a fixed-rate investment.

  1. Popular Direct

Minimum Amount: $10000.00

APY / Rate: 4.55% APY


  • 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


  • 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
  1.  Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.45 % APY


  • Easy online and mobile access.
  • Checking account dividends are compounded daily and paid monthly
  • 85,000 free ATM network access nationwide.
  • Competitive APY rates.


  • 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.

North Carolina Economic Statistics

North Carolina’s economy presents a dynamic landscape for investors. It is underpinned by robust economic statistics that shape financial decision-making.

As of 2023, the state boasts a diverse and growing economy, with significant implications for those interested in the best CD rates.

  • The average household income in North Carolina is approximately $57,341, which plays a crucial role in savings and investment strategies, including the choice of CD rates.
  • The average home value in the state stands at around $220,300, reflecting a stable real estate market that influences consumer confidence and savings behaviors.
  • With a population of over 10.6 million people, the demand for competitive CD rates is high, as residents seek to maximize their savings potential amidst the economic conditions of the state.
Average Household Income$57,341
Average Home Value$220,300
Population10.6 million

These statistics offer a glimpse into the financial environment in North Carolina that provide valuable insights for investors.

How to Get the Best CD Rates in North Carolina

To secure the best CD rates in North Carolina, it’s crucial to conduct thorough research and compare offerings from various financial institutions.

  • Begin by reviewing local banks, credit unions, and online banks, as they can offer diverse rates and terms.
  • Pay close attention to the fine print regarding minimum deposit requirements, early withdrawal penalties, and interest compounding methods.
  • Leveraging online comparison tools can streamline this process, allowing you to easily contrast the rates and terms from different providers.
  • Additionally, consider your financial goals and select a CD term that aligns with your savings strategy, whether it’s short-term growth or long-term security.

CD Rates Methodology

Our methodology for identifying the best CD rates in North Carolina involved an extensive review of 89 banks and credit unions.

This comprehensive analysis focused on the interest rates, terms, and conditions of their CD products. To make our list, financial institutions had to offer competitive rates, transparent terms, and accessible customer service.

Out of the 89 reviewed, 61 made our list, demonstrating they provide valuable opportunities for savers looking to maximize their returns. This selection process ensures that our recommendations cater to a wide range of financial needs and preferences.


The key to maximize your savings with CDs lies in selecting the right term and rate that aligns with your financial goals and ensures that you are comfortable with the associated terms and conditions. Overall, by considering a broad range of financial institutions and focusing on those that offer the most competitive rates and favorable terms, savers can significantly enhance their investment returns.


Who has the best CD rates in North Carolina?

For the best Certificate of Deposit (CD) rates among banks in North Carolina, North State Bank offers an attractive rate of 4.95% for a 24-month term.

 What Credit Union has the Best CD rates in North Carolina?

American Airlines Federal Credit Union stands out with the best CD rates in North Carolina, offering an impressive rate of 5.50% for a 6-month term.