Best CD rates in New Hampshire

If you’re in New Hampshire and looking to secure your savings while earning a competitive interest rate, exploring the best Certificate of Deposit rates is a good option. CDs are known for their safety and predictability. It is an excellent choice for investors seeking a low-risk option to grow their funds over a fixed period.

With various financial institutions offering attractive rates, it’s essential to navigate the landscape to find the top CD rates in the Granite State. Discovering the best CD rates in New Hampshire, the CDs can provide a solid foundation for your savings strategy.

Overall Best CD rates in New Hampshire

No.	Name of the Bank	APY %	Term Length	Address
1	Lake Sunapee Bank	5.25%	18-month	Online
2	Cheshire Health Federal Credit Union	5.15%	12-month	580 Court St Keene, NH 03431
3	Freudenberg-Nok Employees Credit Union	5.15%	12-month	450 Pleasant St Bristol, NH 03222
4	Guardian Angel Credit Union	5.15%	12-month	200 Coos St Berlin, NH 03570
5	Service Credit Union	5.15%	12-month	8 Merchants Wy Concord, NH 03301
6	Bellwether Community Credit Union	4.90%	12-month	490 Valley St Manchester, NH 03103
7	Savings Bank of Walpole	4.89%	12-month	400 West St PO Box 744 Keene, NH 03431
8	Citizens Bank, National Association	4.88%	12-month	688 S Willow St Manchester, NH 03103
9	Connexus Credit Union	4.76%	12-month	225 Borthwick Ave Portsmouth, NH 03801
10	Upper Valley Community Credit Union	4.68%	3-month	Online
11	PenFed Credit Union	4.65%	12-month	Online
12	Digital Federal Credit Union	4.60%	12-month	8 Flagstone Dr Hudson, NH 03051
13	Merrimac Savings Bank	4.50%	12-month	29 S Main St Newton, NH 03858
14	Heritage Family Credit Union	4.45%	24-month	Online
15	New Hampshire Postal Credit Union	4.45%	3-month	955 Goffs Falls Road, Manchester, NH 03103
16	Piscataqua Savings Bank	4.40%	12-month	15 Pleasant St Portsmouth, NH 03801
17	Santander Bank, N.A.	4.40%	12-month	541 S Broadway Salem, NH 03079
18	Cheshire County Federal Credit Union	4.05%	24-month	Online
19	Ledyard National Bank	4.04%	24-month	38 Main Street, Hanover, NH 03755
20	Piscataqua Savings Bank	4.01%	36-month	15 Pleasant Street, Portsmouth, NH 03801
21	HRCU – Rochester Credit Union	4.01%	3-month	133 Brock Street, Rochester, NH 03820
22	Franklin Savings Bank	4.00%	18-month	387 Central Street, Franklin, NH 03235
23	Claremont Savings Bank	4.00%	36-month	145 Broad Street, Claremont, NH 03743
24	Woodsville Guaranty Savings Bank	4.00%	12-month	63 Central Street, Woodsville, NH 03785
25	Triangle Credit Union	4.00%	12-month	33 Franklin Street, Nashua, NH 03064
26	Franklin First Federal Credit Union	4.00%	3-month	57 Main Street, Franklin, NH 03235
27	Nashua Municipal Employees Credit Union	4.00%	3-month	28 Crescent Street, Nashua, NH 03060
28	Primary Bank	3.93%	12-month	209 Route 101 Bedford, NH 03110
29	Federal Savings Bank	3.93%	18-month	633 Central Avenue, Dover, NH 03820
30	First Colebrook Bank	3.93%	48-month	Online
31	Optima Bank & Trust	3.93%	12-month	2 Harbour Place, Portsmouth, NH 03801
32	Seacoast Credit Union	3.93%	3-month	887 Lafayette Road, Hampton, NH 03842
33	Manchester Credit Union	3.93%	3-month	Online
34	Bellwether Community Credit Union	3.93%	12-month	425 Hooksett Road, Manchester, NH 03104
35	Sugar River Bank	3.89%	6-month	10 North Main Street, Newport, NH 03773
36	Meredith Village Savings Bank	3.75%	12-month	Rt 25 Moultonborough, NH 03254
37	Primary Bank	3.68%	24-month	207 Route 101, Bedford, NH 03110
38	Merrimack Valley Federal Credit Union	3.68%	3-month	500A Merrimack Street, Lawrence, MA 01843
39	Bank of America, National Association	3.51%	12-month	900 Elm St Manchester, NH 03101
40	Pentucket Bank	3.35%	12-month	201 State Rt 111 Hampstead, NH 03841
41	Millyard Bank	3.35%	18-month	57 Bedford Street, Manchester, NH 03101
42	Anheuser-Busch Employees Credit Union	3.30%	12-month	302 Mounds Ct Merrimack, NH 03054
43	Newburyport Five Cents Savings Bank	3.20%	12-month	1390B Lafayette Rd Portsmouth, NH 03801
44	Savings Bank of Walpole	3.00%	24-month	84 Marlboro Street, Keene, NH 03431
45	NBT Bank	3.00%	18-month	Online
46	Profile Bank	3.00%	24-month	45 Wakefield Street, Rochester, NH 03867
47	Members First Credit Union of N.H.	3.00%	24-month	44 Bridge Street, Manchester, NH 03101
48	GFA Federal Credit Union	3.00%	3-month	67 Mechanic Street, Lebanon, NH 03766
49	Granite State Family Credit Union	3.00%	3-month	Online
50	Plymouth State University Credit Union	3.00%	12-month	Online
51	Great North Woods Federal Credit Union	3.00%	12-month	69 Main Street, Colebrook, NH 03576
52	Enterprise Bank	2.72%	36-month	22 Amherst Street, Manchester, NH 03101
53	New Hampshire Federal Credit Union	2.68%	24-month	70 Airport Road, Concord, NH 03301
54	Bank of New England	2.45%	12-month	31 Pelham Road, Salem, NH 03079
55	New Hampshire Mutual Bancorp	2.14%	12-month	89 North Main Street, Concord, NH 03301
56	Monadnock Community Bank	2.14%	24-month	Online
57	St. Mary’s Bank	2.00%	6-month	200 McGregor Street, Manchester, NH 03102
58	Northeast Credit Union	1.38%	36-month	100 Borthwick Avenue, Portsmouth, NH 03801
59	Holy Rosary Credit Union	1.28%	24-month	133 Brock Street, Rochester, NH 03820
60	Mascoma Bank	1.07%	24-month	67 North Park Street, Lebanon, NH 03766

Current CD Rates of New Hampshire

The current CD rates in New Hampshire are crucial for residents aiming to maximize their savings potential.

The right CD can offer a guaranteed return on investment, making it a significant tool for individuals looking to safely accumulate wealth over time. Moreover, with the economic landscape continually shifting, staying informed about the latest rates ensures that investors can make educated decisions.

Best 6 Month CD Rates

For those interested in short-term investments, the best 6-month CD rates offer a quick return, and it is ideal for investors who are seeking both flexibility and a stable interest yield.

1. 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.

2. Merrick Bank

Minimum Amount: $25000

APY: 4.45% APY

Pros:

• Fixed, competitive rate of return
• FDIC insured up to the maximum allowed by law
• 24/7 anytime, anywhere account access
• Strong and growing U.S. – based bank
• Peace of mind with no hidden fees

Rules:

• APYs are subject to change at any time without notice.
• This offer is for consumer accounts only. Fees may reduce earnings.
• A minimum of $25,000 is required to open a CD account and must be deposited in a single transaction.
• After maturity, if you choose to roll over your CD, you will earn the base rate of interest in effect at that time.

3. Quontic Bank

Minimum Amount: $500.00

APY Rate: 4.45% APY

Pros:

• Instant account opening
• Low minimum balance
• FDIC insured

Rules:

• Interest is compounded daily and credited to the account at the end of every month
•   A periodic rate is applied to the balance (principal + interest) in the account
• CD can be withdrawn upon maturity within 10 days after which, it is automatically renewed on the same terms.

Best 2 Year CD Rates

Investors aiming for a slightly longer commitment with a better yield should consider the best 2-year CD rates.

1. North American Savings Bank

Minimum Amount: $1000

APY / Rate: 4.81% 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. Sallie Mae Bank

Minimum Amount: $2500.00

APY / Rate: 4.50% APY

Pros:

• Guaranteed returns
• Automatic renewal option
• High interest rate and no monthly fees.
• 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

3. 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 3 Year CD Rates

For those who are in a position to lock away their savings for an extended period, the best 3-year CD rates provide an excellent opportunity to secure a higher interest rate.

1. Alliant Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.60% APY

Pros:

• Excellent online and mobile banking tools
• ATM fee is refundable
• 24/7 customer service
• High APY
• Alliant offers 6 terms of CDs with competitive APYs and a reasonable minimum deposit requirement.

Rules:

• Jumbo certificates may be available for a higher rate if you deposit $75,000 or more
• Low minimum deposit of only $1,000; no maximum
• Choose from a variety of maturity dates including 12-month and 60-month terms
• Dividends compounded every month and at maturity
• Funds are insured up to $250,000 by NCUA

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.

3. Popular Direct

Minimum Amount: $10,000

APY / Rate: 4.45%

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

Best 5 Year CD Rates

5-year CD rates are flexible for long-term investors. It focuses on achieving the highest possible return on their deposits.

1. Popular Direct

Minimum Amount: $10,000

APY / Rate: 4.55%

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. CFG Bank

Minimum Amount: $500

APY / Rate: 4.50% 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.

3. BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50% APY

Pros:

• Deposits at FDIC insured institutions are insured up to at least $250,000 per depositor.
• BMO Harris offers CDs with terms ranging from one month to five years, each requiring a minimum $1,000 opening deposit.

Rules:

• CDs can be closed or funds can be withdrawn by contacting the branch.
• The amount is transferred to a BMO account or paid via check.
• There are no monthly maintenance fees, only a penalty charged on early withdrawal of the amount.
• A notice is sent to the CD holder when it matures and there is a grace period of 10 days to add more funds or withdraw the CD before it gets auto-renewed.

New Hampshire Economic Statistics

To provide investors and savers with a comprehensive view of New Hampshire’s economic landscape, it is important to consider a blend of average economic statistics alongside specifics on the best Certificate of Deposit (CD) rates available in the state.

New Hampshire, known for its robust economy and high quality of life, boasts a median household income that significantly surpasses the national average. As of the most recent information;

• The median household income in New Hampshire was approximately $77,933, which reflects the state’s strong labor market and the presence of high-skilled employment sectors.
• Additionally, the average home value in New Hampshire has seen a notable increase, indicative of a competitive real estate market, with average values around $445,263. This is a key factor for investors considering the real estate market’s potential returns. 
• The state’s population, standing at around 1.36 million, showcases a relatively small but economically vibrant community.

Economic Indicator	Value
Median Household Income	$77,933
Average Home Value	$445,263
Population	1.36 million

When looking at the best CD rates in New Hampshire, investors need to be mindful of the prevailing economic conditions. These conditions are the interest rates set by financial institutions, which can vary widely.

How to Get Best CD Rates in New Hampshire?

To secure the best CD rates in New Hampshire;

• It is essential to conduct a thorough comparison of the offerings from various financial institutions across the state. This process involves reviewing the CD rates provided by a wide range of banks and credit unions, taking into account factors such as the term length, minimum deposit requirements, and the annual percentage yield (APY).
• Interested investors should also consider the institution’s reputation, customer service quality, and the flexibility of terms.
• Additionally, it is beneficial to look beyond local banks and explore online banks, which often offer competitive rates due to lower overhead costs.
• Staying informed about the economic conditions and how they influence interest rates can also help in timing your investment to maximize returns.

CD Rates Methodology

Our methodology for identifying the best CD rates in New Hampshire involved a comprehensive review of CD rates from 91 banks.

This extensive analysis covered a broad spectrum of financial institutions, from large, nationally recognized banks to smaller, community-based credit unions across the state. Each institution was evaluated based on the competitiveness of its CD rates, the variety of term lengths offered, and the overall value to the consumer.

Out of the 91 banks reviewed, 66 made the list, having demonstrated that they provide above-average interest rates, favorable terms, and a commitment to customer satisfaction. This selection process ensures that our recommendations reflect the best opportunities for savers and investors in New Hampshire to grow their funds securely.

Conclusion

Securing the best CD rates in New Hampshire requires diligent research and a strategic approach. As the economic landscape evolves, staying informed and adaptable will continue to be key in maximizing the potential of CD investments.

With the right approach, New Hampshire residents can effectively leverage CDs to enhance their financial stability and growth.

FAQs