Best CD Rates in North Dakota

North Dakota, comprises a mix of local banks, credit unions, and national financial institutions. It offers a variety of options for investors to make the most of their investments.

Whether you’re a long-term saver looking for higher yields or someone seeking a short-term haven for your emergency fund, North Dakota‘s financial landscape provides ample opportunities to grow your savings securely.

Let’s dive into some of the best CD rates available in North Dakota. It helps you to make an informed decision that aligns with your financial goals.

Overall Best CD rates in North Dakota

No.	Name of the Bank	APY %	Term Length	Address
1	Hometown Credit Union	5.17%	3-month	18 Main Ave S Kulm, ND 58456
2	Vue Community Credit Union	5.10%	3-month	1313 Skyline Blvd Bismarck, ND 58503
3	Peoples State Bank of Velva	5.00%	3-month	405 37th Ave SW Minot, ND 58701
4	Lakeside State Bank	4.84%	12-month	10 Main St W, New Town, ND 58763
5	Affinity Plus Federal Credit Union	4.75%	18-month	615 14th St S Moorhead, MN 56563
6	First State Bank of North Dakota	4.75%	18-month	405 Main St PO Box 125 Buffalo, ND 58011
7	Dakota Plains Federal Credit Union	4.50%	3-month	221 S Main St PO Box 1020 Hettinger, ND 58639
8	VISIONBank	4.50%	3-month	1321 21st Ave N Fargo, ND 58102
9	Wells Fargo Bank, National Association	4.50%	3-month	57 Hamilton St SE Scranton, ND 58653
10	PenFed Credit Union	4.50%	18-month	Online
11	Rolette State Bank	4.45%	12-month	209 Main St, Rolette, ND 58366
12	Gate City Bank	4.41%	3-month	300 11th St W Williston, ND 58801
13	Grant County State Bank	4.25%	3-month	202 N Main St Carson, ND 58529
14	Heartland State Bank	4.25%	3-month	401 Main St Edgeley, ND 58433
15	Peoples State Bank of Velva	4.05%	18-month	101 N Main St, Velva, ND 58790
16	Red River State Bank	4.01%	24-month	300 2nd Ave NE, Hillsboro, ND 58045
17	Bank of Hamilton	4%	3-month	1 Wall St Hamilton, ND 58238
18	Bell State Bank & Trust	4.00%	3-month	320 32nd Ave W West Fargo, ND 58078
19	Citizens State Bank Midwest	4.00%	3-month	1112 Central Ave Walhalla, ND 58282
20	KodaBank	4.00%	3-month	521 2nd St PO Box 315 Minto, ND 58261
21	North Star Community Credit Union	4.00%	3-month	109 Central Ave S, Maddock, ND 58348
22	Northland Financial	4.00%	24-month	1151 3rd Ave W, Dickinson, ND 58601
23	Plains Commerce Bank	4.00%	18-month	Online
24	Garrison State Bank and Trust	4.00%	18-month	102 N Main St, Garrison, ND 58540
25	Souris Valley Credit Union	3.98%	12-month	1900 13th Ave SE, Minot, ND 58701
26	Capital Credit Union	3.93%	3-month	3103 Yorktown Dr Bismarck, ND 58503
27	Vision Bank	3.93%	36-month	300 4th St NE, Northwood, ND 58267
28	McVille State Bank	3.93%	60-month	201 S Main St, McVille, ND 58254
29	Heartland State Bank	3.93%	24-month	120 E Main St, Edgeley, ND 58433
30	First Western Bank & Trust	3.86%	6-month	900 S Broadway, Minot, ND 58701
31	Turtle Mountain State Bank	3.76%	24-month	103 Oak St, Belcourt, ND 58316
32	BlackRidgeBANK	3.75%	18-month	855 26th Ave E West Fargo, ND 58078
33	VISIONBank	3.75%	18-month	1321 21st Ave N Fargo, ND 58102
34	Ramsey National Bank	3.67%	3-month	300 4th St NE, Devils Lake, ND 58301
35	Affinity First Federal Credit Union	3.65%	6-month	811 S Broadway Suite A, Minot, ND 58701
36	Bell State Bank & Trust	3.50%	18-month	5680 23rd Ave S Fargo, ND 58104
37	North Star Community Credit Union	3.45%	3-month	1225 Hill Ave Grafton, ND 58237
38	Northern Tier Federal Credit Union	3.45%	3-month	210 Summit Dr PO Box 1987 Minot AFB, ND 58705
39	Tulane Credit Union	3.45%	3-month	200 Main St PO Box 8 Tolna, ND 58380
40	Dakota Plains Credit Union	3.44%	24-month	212 5th Ave, Edgeley, ND 58433
41	Alerus Financial, National Association	3.10%	18-month	3137 32nd Ave S Fargo, ND 58103
42	Dakota Heritage Bank of North Dakota	3.10%	18-month	109 Main St PO Box 268 Hunter, ND 58048
43	Railway Credit Union	3.09%	12-month	1006 E Main St, Mandan, ND 58554
44	Security First Bank of North Dakota	3.02%	48-month	700 Ash Ave, New Salem, ND 58563
45	Community Credit Union	3.00%	3-month	1115 11th Ave N Carrington, ND 58421
46	Liberty National Bank	3.00%	12-month	3140 25th St S, Fargo, ND 58103
47	Flasher Community Credit Union	3.00%	12-month	115 N Main St, Flasher, ND 58535
48	Mercer County Community Credit Union	3.00%	18-month	103 N Main St, Hazen, ND 58545
49	Central Minnesota Credit Union	2.91%	18-month	1002 Main Ave Moorhead, MN 56560
50	American Federal Bank	2.86%	18-month	215 5th St N Fargo, ND 58102
51	Prairie Federal Credit Union	2.86%	24-month	1430 S Broadway, Minot, ND 58701
52	LaMoure Credit Union	2.78%	3-month	203 7th St SE PO Box 178 Lamoure, ND 58458
53	Dakota West Credit Union	2.75%	12-month	202 Main St, New England, ND 58647
54	Northwestern Bank, National Association	2.70%	18-month	2405 8th St S Moorhead, MN 56560
55	Western Cooperative Credit Union	2.68%	36-month	1300 Bison Dr, Williston, ND 58801
56	First State Bank of North Dakota	2.66%	36-month	340 Main St, Arthur, ND 58006
57	Choice Financial Group	2.50%	18-month	4501 23rd Ave S Fargo, ND 58104
58	Kindred State Bank	2.50%	18-month	411 Elm St Kindred, ND 58051
59	Capital Credit Union	2.50%	6-month	204 W Thayer Ave, Bismarck, ND 58501
60	State Bank & Trust of Kenmare	2.00%	60-month	4 2nd St NE, Kenmare, ND 58746
61	Union State Bank of Hazen	2.00%	12-month	205 Central Ave N, Hazen, ND 58545
62	Veterans Federal Credit Union	1.98%	18-month	3201 Nygren Dr NW, Mandan, ND 58554
63	Fargo Public Schools Federal Credit Union	1.89%	6-month	415 4th St N, Fargo, ND 58102
64	Unison Bank	1.00%	18-month	401 1st Ave S, Jamestown, ND 58401

Current CD Rates of North Dakota

With a range of terms and rates offered by various banks and credit unions across the state, CDs stand out as a favored option for those looking to safeguard their funds while earning a fixed interest rate over a specified period.

This is a financial tool that is especially appealing in an environment of economic uncertainty, as it provides a reliable avenue for individuals to grow their savings with minimal risk.

Best 6 Month CD Rates

For investors looking for short-term investment options, the best 6-month CD rates in North Dakota offer a perfect blend of higher interest earnings and quick access to funds.

1. Popular Direct

Minimum Amount: $10000.00

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

2. 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.

Best 1 Year CD Rates

With the best 1-year CD rates, North Dakota residents can enjoy a precise balance between short-term flexibility and improved interest yields. This duration is particularly appealing for those who are planning their finances around a year-long horizon.

1. 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 days grace period before CD gets auto renewed
• Terms range from 3 months to 5 years.

2. BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

• Competitive CD rates
• Decent minimum balance requirement
• Easy CD withdrawal methods
• 3-months to 60-month term available

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 which 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.

Best 2 Year CD Rates

The best 2-year CD rates offer a more attractive interest rate for a moderate commitment period. This option suits those who can afford to set funds for a couple of years in exchange for higher returns.

1. USALLIANCE Financial

Minimum Amount: $500.00

APY / Rate: 4.85% APY

Pros:

• No monthly maintenance fees or No minimum balance requirements.
• A free monthly credit score
• You can select the term that’s right for you: 3-60 months
• You can Choose the rate that best meets your financial goals.
• Dividends are compounded daily and credited monthly
• Open With as Little as $500
• Choose the amount that fits your budget

Rules:

• To open a CD with USALLIANCE Financial, As of February 2023, the minimum deposit for a 6-month CD is $500, while the minimum deposit for a 60-month CD is $1,000.
•  
• USALLIANCE Financial offers CDs with terms ranging from 3 months to 60 months. The longer the term, the higher the interest rate you’ll earn on your deposit.
• USALLIANCE Financial offers competitive interest rates on its CDs, with rates varying depending on the term length and the amount of the deposit. Interest is compounded and paid out at the end of the term.
• If you withdraw money from your CD before the maturity date, you’ll be subject to an early withdrawal penalty, which varies depending on the term length of the CD. For example, as of February 2023, the penalty for withdrawing money from a 60-month CD before maturity is 540 days of interest.
• Unless you specify otherwise, your CD will automatically renew at maturity for another term of the same length. You’ll have a 10-day grace period after maturity to withdraw the funds without penalty.
• USALLIANCE Financial is a federally insured credit union, which means that your deposits are insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor.

2. America’s First Credit Union

Minimum Amount: $500.00

APY / Rate: 4.75% APY

Pros:

• Low minimum deposits and high yields
• Automatic renewals
• NCUA insured up to $250,000
• Terms from three months to five years

Rules:

• To open a CD with AFCU, you must deposit a minimum amount of money, which varies depending on the term length of the CD. For example, as of February 2023, the minimum deposit for a 6-month CD is $500, while the minimum deposit for a 60-month CD is $1,000.
• AFCU offers CDs with terms ranging from 6 months to 60 months. The longer the term, the higher the interest rate you’ll earn on your deposit.
• AFCU offers competitive interest rates on its CDs, with rates varying depending on the term length and the amount of the deposit. Interest is compounded and paid monthly, and the rate is fixed for the term of the CD.
• If you withdraw money from your CD before the maturity date, you’ll be subject to an early withdrawal penalty, which varies depending on the term length of the CD. For example, as of February 2023, the penalty for withdrawing money from a 60-month CD before maturity is 365 days of interest.
• Unless you specify otherwise, your CD will automatically renew at maturity for another term of the same length. You’ll have a 10-day grace period after maturity to withdraw the funds without penalty.
• FDIC insurance: AFCU is a federally insured credit union, which means that your deposits are insured

Best 3 Year CD Rates

3-year CD rates in North Dakota are even better interest earnings without locking their money away for too long. This term is a good match for individuals with medium-term financial goals.

1. 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.

2. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% 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 5 Year CD Rates

For the highest interest rates available, the best 5-year CD rates in North Dakota cater to long-term savers committed to maximize their investment returns.

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: $5000.00

APY / Rate: 4.50%

Pros:

• Competitive CD rates
• Decent minimum balance requirement
• Easy CD withdrawal methods
• 3-months to 60-month term available

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 which 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.

North Dakota Economic Statistics

North Dakota’s economic landscape presents a compelling backdrop for investors while examining the best CD rates available in the state. As of 2023;

• North Dakota boasted an average household income of approximately $78,720, which is indicative of the state’s financial health and the earning power of its residents.
• With an average home value of around $243,000, the housing market in North Dakota remains accessible, reflecting a stable real estate environment conducive to both living and investing.
• Moreover, with a population of over 760,000 people, the state’s demographic dynamics suggest a robust consumer base and a workforce that supports the local economy’s diverse sectors.

Statistic	Value
Average Household Income	$78,720
Average Home Value	$243,000
Population	760,000+

For individuals who are looking to optimize their savings or investment strategies, these economic statistics represent the importance of choosing the right financial products. It mainly aligns with their financial goals within North Dakota’s economic context.

How to Get Best CD Rates in North Dakota

Securing the best CD rates in North Dakota involves a comprehensive approach. The people should begin by starting with a broad review of available CD rates from various financial institutions across the state.

• The review should encompass a mix of local community banks, credit unions, and larger national banks that operate within North Dakota.
• This extensive review should ensure a thorough comparison, taking into account the diversity of financial products tailored to different savers’ needs.
• To identify the best rates, we considered factors such as the annual percentage yield (APY), minimum deposit requirements, and term lengths, among others.

By comparing these key features, investors can find the most competitive rates that align with their financial goals and timelines.

CD Rates Methodology

We reviewed around 92 banks in total for a methodological scenario. Out of the 92 banks reviewed for their CD rates in North Dakota, 64 made the list for offering the most competitive rates.

This selection process was based on a criteria set that prioritized higher APYs, favorable terms, and lower minimum deposit requirements.

The aim was to cater to a wide range of financial goals, from short-term savings to long-term investments. This comprehensive approach ensures that the list reflects the best opportunities for earning interest on deposited funds, providing a valuable resource for savers at various stages of their financial journey.

Conclusion

Whether you’re looking to grow your emergency fund, save for a short-term goal, or invest in your future, understanding the landscape of CD rates in North Dakota is crucial. By leveraging this insight, savers can make informed decisions that optimize their returns and align with their financial objectives.

FAQs