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.
- 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.
- 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.
- 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.
- 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.
- 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
- 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.
- 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
- 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.
- 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.
- 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
- 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.
- 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
Lake Sunapee Bank offers the best CD rates in New Hampshire with a 5.25% interest rate for an 18-month term.
Cheshire Health Federal Credit Union provides the best CD rates among credit unions in New Hampshire, offering a 5.15% interest rate for a 12-month term.