Best CD Rates in Ohio
Vikram Singh
Best 6-Month CD Rates

Bank or Credit Union Name: Bask Bank
Minimum Amount: $1000
APY / Rate: 4.45%
Pros:
- Instant account opening
- 6 months to 24 months CD term option
- High yield accounts
- FDIC-insured to the maximum permitted by law
Rules:
- Interest is calculated on a daily basis on the amount available in the account on a particular day
- A penalty is imposed on early withdrawal of the principal amount
- Auto-renewal on maturity after 10 days grace period

Bank or Credit Union Name: Merrick Bank
Minimum Amount: $25000
APY / Rate: 4.45%
Pros:
- Strong and credible bank
- Best customer service
- Range of investment tools to diversify the investment portfolio
Rules:
- The minimum amount must be deposited to the account in a single transaction.
- Early withdrawal penalty if you choose to withdraw the principal before maturity
- Interest is calculated and accrued daily and transferred to the account at month’s end
Best 12-Month CD Rates

Bank or Credit Union Name: BMO Harris
Minimum Amount: $1000
APY / Rate: 5.00%
Pros:
- Varying rates and term options
- High-rate of interest
- FDIC-insured
- Access to the account via mobile, online, and telephone
- No monthly maintenance or other fees
Rules:
- Open a CD account with a minimum of $1000.
- Interest is compounded daily and added to your account at the end of every month
- You can early withdraw the CD but will have to pay a penalty amount depending on the terms and amount of the CD
- 10 days grace period to withdraw or rollover CD on maturity

Bank or Credit Union Name: Popular Direct
Minimum Amount: $10,000
APY / Rate: 4.80%
Pros:
- CD calculator to buy the right CD option
- 24/7 access to the account
- FDIC-insured investment options
- High rate and reliable customer support
Rules:
- Open an account with a minimum of $10000
- Interest is calculated and accrued daily and credited to the account at month end
- APY is earned when the principal and the interest remain in the account
- Early withdrawal of any sum from the account is charged with a penalty
Best 2-Year CD Rates

Bank or Credit Union Name: America First Credit Union
Minimum Amount: $500
APY / Rate: 4.75%
Pros:
- Low minimum deposits
- Low-risk investment with NCUA insurance coverage
- Terms ranging from 3 months to 60 months
- Many CD options are available including Ladder, bump, dedicated savings & flexible
Rules:
- Dividends are credited to the account monthly.
- On maturity, you can choose to roll over the CD or get funds transferred into your checking, money market, share savings
- After 10 days grace period, the CD is automatically renewed

Bank or Credit Union Name: Bethpage Federal Credit Union
Minimum Amount: $500
APY / Rate: 4.50%
Pros:
- 6 months to 60-month terms available
- The minimum deposit amount is set at $50
- Federally insured by the NCUA
Rules:
- Divided are compounded daily
- The dividend period and crediting frequency are set on a monthly basis.
- The certificate is auto-renewed at maturity on the existing terms
- Penalty on withdrawing dividends on principal before maturity.
Best 3-Year CD Rates

Bank or Credit Union Name: Alliant Credit Union
Minimum Amount: $1000
APY / Rate: 4.60%
Pros:
- Investments backed by the NCUA
- Higher interest rates than other commercial banks.
- No cap on investing
- No minimum deposit rule
- No ongoing monthly charges
Rules:
- Dividends are compounded every month and at maturity
- Dividends are earned and can also be withdrawn without penalty every month.
- If you withdraw the dividends you earn simple interest and not compounded interest
- No penalty is charged for closing a CD prematurely.

Bank or Credit Union Name: Sallie Mae Bank
Minimum Amount: $2500
APY / Rate: 4.40%
Pros:
- Locked in interest rates
- 6 months to 60-month term range
- FDIC-insured investment
- No monthly maintenance fees
Rules:
- Monthly and on-maturity interest disbursement options are available.
- The premature withdrawal penalty is applicable as follows:
1. Term 12 months of lesser than 12 months: 90 days simple interest
2. The term greater than 12 months: 180 days simple interest - 10 days grace period on maturity to alter CD term and amount
- Auto-renewal of CD post grace period
Best 5-Year CD Rates

Bank or Credit Union Name: Popular Direct
Minimum Amount: $10000
APY / Rate: 4.55%
Pros:
- Easy, round the clock account access
- All investments are FDIC-insured
- Best rate of interest
- Unconditional customer support
Rules:
- The minimum deposit required to open an account is $10000
- The CD earns compounded interest
- The interest is accrued daily and goes into the account at month end
- In case of premature withdrawal from the account, a penalty is to be paid

Bank or Credit Union Name: Randolph-Brooks Federal Credit Union
Minimum Amount: $20000
APY / Rate: 4.55%
Pros:
- Best interest rates for 5-year CDs
- Risk-free investment option
- FDIC-insured banking solutions
- Reliable customer service
Rules:
- Interest is compounded monthly and added to the account
- Investors can choose to receive the dividends in their RBFCU checking, savings, and money market accounts, or any other bank’s savings account.
- Automatic renewal of CD on maturity.
- The premature withdrawal penalty depends on the terms of the CD.