Best CD rates in Nebraska

Nebraska is the state where financial institutions offer a range of competitive options. Whether you’re a long-term saver looking for a secure place to grow your investment or a short-term investor seeking to make the most of your funds without risking the volatility of the stock market, Nebraska’s banks and credit unions stand ready to meet your needs.

With CD rates varying by term length and deposit amount, this state offers both safety and attractive returns for investors.

Let’s dive into the best CD rates in Nebraska, where financial prudence meets growth. It ensures your hard-earned money works as diligently as you do.

Overall Best CD rates in Nebraska

No.	Bank Name	APY	Term Length	Address
1	First Northeast Bank of Nebraska	5.15%	6-month	362 County Rd 18 Ceresco, NE 68017
2	Frontier Bank	5.15%	6-month	17002 Marcy St Omaha, NE 68118
3	Kellogg Company Employees Federal Credit Union	5.13%	6-month	9601 F St Omaha, NE 68127
4	Metro Health Services Federal Credit Union	5.13%	6-month	1910 S 44th St Omaha, NE 68105
5	Omaha Federal Credit Union	5.13%	6-month	1616 Capitol Ave Omaha, NE 68102
6	Pony Express Community Bank	5.09%	18-month	203 N Oak St Paxton, NE 69155
7	Bank of Bennington	5.06%	6-month	12212 N 156th St Bennington, NE 68007
8	Great Plains State Bank	5.00%	18-month	140 Main St Petersburg, NE 68652
9	Western Nebraska Bank	5.00%	18-month	308 Elm St Paxton, NE 69155
10	FirstBank of Nebraska	5.00%	6-month	201 E 5th St Wahoo, NE 68066
11	Great Southern Bank	5.00%	6-month	1020 S 179th Ct Omaha, NE 68118
12	SAC Federal Credit Union	4.96%	6-month	7148 Towne Center Pkwy Papillion, NE 68046
13	Farmers Trust & Savings Bank	4.94%	6-month	510 Lincolnway St PO Box 11 Woodbine, IA 51579
14	Adams Bank & Trust	4.91%	18-month	3221 S Jeffers St North Platte, NE 69101
15	Four Points Federal Credit Union	4.65%	6-month	510 N 127th St PO Box 541030 Omaha, NE 68154
16	Holyoke Community Federal Credit Union	4.60%	18-month	517 Broadway Imperial, NE 69033
17	PenFed Credit Union	4.50%	18-month	312 Olson Dr Papillion, NE 68046
18	Commercial State Bank	4.50%	18-month	1918 N 203rd St Elkhorn, NE 68022
19	Consumers Cooperative Federal Credit Union	4.50%	18-month	217 Toluca Ave PO Box 836 Alliance, NE 69301
20	Fremont First Central Federal Credit Union	4.50%	18-month	249 N Park Ave Fremont, NE 68025
21	Navy Federal Credit Union	4.50%	18-month	3604 Twin Creek Dr Bellevue, NE 68123
22	Home Federal Bank	4.45%	48-month	3312 W Stolley Park Rd, Grand Island, NE 68803
23	SAC Federal Credit Union	4.35%	18-month	Online
24	Frontier Bank	4.25%	18-month	17002 Marcy St Omaha, NE 68118
25	Stockmens Bank	4.25%	18-month	402 Commercial St Bartley, NE 69020
26	Bank of Newman Grove	4.15%	18-month	416 Hale Ave Newman Grove, NE 68758
27	Cass County Bank, Inc.	4.15%	18-month	120 N 6th St Plattsmouth, NE 68048
28	Citizens State Bank	4.15%	18-month	121 N Chestnut St Spalding, NE 68665
29	North Platte Union Pacific Employee Credit Union	4.15%	18-month	420 Rodeo Rd PO Box 1067 North Platte, NE 69101
30	Fremont National Bank and Trust Company	4.05%	24-month	152 E 6th St, Fremont, NE 68025
31	Spirit of America Federal Credit Union	4.01%	60-month	325 N 52nd St, Lincoln, NE 68504
32	Four Points Federal Credit Union	4.00%	18-month	510 N 127th St PO Box 541030 Omaha, NE 68154
33	Metro Health Services Federal Credit Union	4.00%	18-month	4444 Ames Ave Omaha, NE 68111
34	SAC Federal Credit Union	4.00%	18-month	7643 Cass St Omaha, NE 68114
35	Omaha Federal Credit Union	4.00%	6-month	3001 S 82nd Ave, Omaha, NE 68124
36	Cobalt Credit Union	4.00%	12-month	7148 Towne Center Pkwy, Papillion, NE 68046
37	Bank of Dixon County	4.00%	18-month	117 E 3rd St, Ponca, NE 68770
38	Tri County Bank	3.93%	18-month	106 N Main St, Stuart, NE 68780
39	Core Bank	3.90%	6-month	12100 W Center Rd Omaha, NE 68144
40	Cattle National Bank & Trust Co.	3.69%	12-month	104 S 5th St, Seward, NE 68434
41	Liberty First Credit Union	3.68%	18-month	501 N 46th St, Lincoln, NE 68503
42	Charter West Bank	3.50%	6-month	7404 Olson Dr Papillion, NE 68046
43	Rolling Hills Bank & Trust	3.50%	6-month	418 S Commercial St Carson, IA 51525
44	MembersOwn Credit Union	3.02%	6-month	1391 S 33rd St, Lincoln, NE 68510
45	PenFed Credit Union	3.00%	6-month	Online
46	Fremont First Central Federal Credit Union	3.00%	6-month	Hwy 275 Valley, NE 68064
47	Elkhorn Valley Bank & Trust	3.00%	24-month	800 W Benjamin Ave, Norfolk, NE 68701
48	Centris Federal Credit Union	3.00%	3-month	343 N 114th St, Omaha, NE 68154
49	Pathway Bank	3.00%	12-month	306 Highway 11, Cairo, NE 68824
50	Omaha Douglas Federal Credit Union	2.84%	6-month	8251 W Center Rd Omaha, NE 68124
51	LincOne Federal Credit Union	2.67%	24-month	5705 S 86th Dr, Lincoln, NE 68526
52	Centris Federal Credit Union	2.52%	6-month	11825 Q Street Omaha, NE 68137
53	Wells Fargo Bank, National Association	2.50%	6-month	7444 Farnam St Omaha, NE 68114
54	First Nebraska Credit Union	2.50%	60-month	10655 Bedford Ave, Omaha, NE 68134
55	3Rivers Federal Credit Union	2.50%	24-month	Online
56	First Westroads Bank	2.50%	24-month	15750 W Dodge Rd, Omaha, NE 68118
57	Creighton Federal Credit Union	2.49%	6-month	2575 Dodge St Omaha, NE 68131
58	Mutual of Omaha Bank	2.01%	12-month	Online
59	Metro Credit Union	2.00%	3-month	14509 F St, Omaha, NE 68137
60	Nebraska Energy Federal Credit Union	1.45%	36-month	1414 15th St, Columbus, NE 68601
61	Sidney Federal Savings and Loan Association	0.98%	60-month	1045 10th Ave, Sidney, NE 69162

Current CD Rates of Nebraska

In Nebraska, competitive CD rates can provide a valuable opportunity for individuals to grow their savings with a higher degree of safety compared to more volatile investment options. It makes them an essential component of a well-rounded financial strategy for those looking to preserve capital while earning a steady return.

Best 1-Year CD Rates

For those seeking a short-term investment with a solid return, the best 1-year CD rates in Nebraska offer an appealing blend of safety and profitability.

1. CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 5.15% 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. North American Savings Bank

Minimum Amount: $5000.00

APY / Rate: 4.86% 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.

3. Navy Federal Credit Union

Minimum Amount: $1000

APY Rate: 4.85 APY

Pros:

• Certificates at competitive prices
• Most savings and checking accounts have no monthly fees.
• A large network of fee-free ATMs

Rules:

• Five CD options available through Navy Federal
• Standard certificate rates are based on both term length and balance amount.

Best 2-Year CD Rates

The best 2-year CD rates in Nebraska cater to investors looking for a balance between accessible, short-term saving and the enhanced returns of a longer commitment.

1. 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.

2. Rising Bank, a Division of Midwest BankCentre

Minimum Amount: $1000

APY / Rate: 4.75%

Pros:

• Competitive CD rates and guaranteed returns
• Traditional term CDs and Jumbo CDs are available
• Term ranging 6 months to 3 years
• Customer-first service
• 24/7 account access through a mobile app

Rules:

• Open an account with a bank online or contact the branch.
• Make the initial deposit to earn interest on a monthly compounding basis.
• 90 days simple interest is charged as a penalty on premature withdrawal of CD with a term of fewer than 12 months. For CDs with the duration of more than 12 months, the penalty is 180 days of simple interest.

3. Sallie Mae Bank

Minimum Amount: $2500

APY Rate: 4.60%

Pros:

• Guaranteed returns
• FDIC insured
• Auto renewal option available
• High APY
• No monthly fee

Rules:

• Interest is calculated only when the minimum balance is maintained
• A penalty will be charged on early withdrawal
• Interest is compounded on a monthly basis

Best 3-Year CD Rates

Investors aiming for a moderate-term investment horizon will find the best 3-year CD rates in Nebraska particularly attractive.

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

3. Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.45% 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 4-Year CD Rates

With the best 4-year CD rates, investors can access even more attractive interest rates, making it a worthwhile option for those prepared to lock in their investment for a longer duration.

1. Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.45% 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.

2. First Internet Bank of Indiana

Minimum Amount: $1000

APY Rate: 4.44%

Pros:

• Online only banking experience
• High interest rates
• Low minimum deposit

Rules:

• Interest is compounded every month and added to the account at month’s end
• Early withdrawal are exposed to penalty

3. M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.36%

Pros:

• CD ladder option available
• Best interest rate for financial planning
• No hidden charges
• FDIC insured investment

Rules:

• Compound interest calculated on CD daily and added to the account monthly.
• Reinvestment of interest and disbursement on maturity rules followed
• Auto renewal on maturity
• 10-days grace period to alter CD term or withdraw CD
• Premature withdrawal is charged with a penalty

Best 5-Year CD Rates

The best 5-year CD rates in Nebraska stand out for offering the highest returns in the CD spectrum. It is ideal for long-term savers focused on maximizing their interest earnings.

1. Barclays Bank Delaware

Minimum Amount: $0

APY / Rate: 4.25% APY

Pros:

• Highly competitive rates for 60-month CDs
• 24/7 access to the bank account
• Low charges
• Customer support for all sorts of queries and concerns
• FDIC insured bank up to maximum

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

2. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.25% 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

3. Sallie Mae Bank

Minimum Amount: $2500

APY Rate: 4.25%

Pros:

• Guaranteed returns
• FDIC insured
• Auto renewal option available
• High APY
• No monthly fee

Rules:

• Interest is calculated only when the minimum balance is maintained
• A penalty will be charged on early withdrawal
• Interest is compounded on a monthly basis

Nebraska Economic Statistics

Nebraska’s economic landscape presents a unique context for investors especially for considering the best CD rates available in the state. As of 2023, Nebraska boasted a robust average household income, which has implications for the savings capacity of its residents.

• Specifically, the average household income in Nebraska was approximately $78,360, reflecting the state’s solid economic foundation and the potential for residents to invest in savings products such as CDs​​.
• The average home value in Nebraska, another critical economic indicator, was around $216,000 as of 2023. This figure highlights the relatively affordable housing market in Nebraska, potentially leaving more disposable income for investments and savings, including CDs​​.
• With a population of nearly 1.95 million people, Nebraska’s demographic and economic statistics paint a picture of a state with a stable economy and a population that might have a keen interest in securing and growing their savings through competitive CD rates

Economic Indicator	Value
Average Household Income	$78,360
Average Home Value	$216,000
Population	Approximately 1.95 million

How to Get the Best CD Rates in Nebraska

To secure the best CD rates in Nebraska, it’s essential;

• To conduct thorough research and comparison across various financial institutions.
• The process begins by reviewing CD rates offered by a broad spectrum of banks and credit unions within the state.
• By evaluating the rates, terms, and conditions of CDs from different institutions, savers can identify the options that best meet their investment goals and timelines.
• Additionally, considering online banks alongside traditional brick-and-mortar institutions can broaden the scope of available rates, as online banks often offer more competitive rates due to lower operational costs.

CD Rates Methodology

The methodology behind identifying the best CD rates in Nebraska involved a comprehensive review of CD rates from 91 banks.

This extensive analysis ensured a wide-ranging understanding of the CD rate landscape within the state. Out of these, 61 banks made the list, selected based on their offer of competitive rates, favorable terms, and overall customer satisfaction.

This selection process underscores the importance of diversity and quality in choosing the best CD rates, aiming to cater to the varying needs and preferences of savers and investors across Nebraska.

Conclusion

Securing the best CD rates in Nebraska requires a strategic approach. It incorporates thorough research, comparison, and understanding of one’s financial goals. By carefully selecting from a diverse pool of institutions, people can optimize their investment outcomes. It leverages CDs as a safe and effective component of their broader financial strategy.

FAQs