In Ohio, the investors have an array of options to boost their financial well-being. One of such options include; Certificate of Deposits. Throughout Ohio, all the banks and credit unions offer competitive CD rates that cater to a variety of financial goals.

With the right CD, Ohioans can enjoy the peace of mind that comes with secure and predictable returns. This makes it an essential tool in your investment arsenal.

Let’s delve into the best CD rates in Ohio, where financial prudence meets opportunity, and ensure that your savings not only grow but flourish.

Overall Best CD rates in Ohio

No.Bank NameAPYTerm LengthAddress
1Southeastern Ohio Credit Union5.25%6-month68518 Bannock Rd # SR331 Saint Clairsville, OH 43950
2Universal 1 Credit Union5.20%6-month718 S Dixie Dr Vandalia, OH 45377
3Firefighters & Company Federal Credit Union5.17%6-month338 S Patterson Blvd Dayton, OH 45402
4Monarch Federal Credit Union5.17%6-month170 Monarch Ln Miamisburg, OH 45342
53Rivers Federal Credit Union5.15%6-month1166 S Shannon St Van Wert, OH 45891
6Akron Fire Police Credit Union, Inc.5.13%3-month161 Massillon Rd Akron, OH 44312
7Community United Credit Union5.10%6-month10883 Pearl Rd Strongsville, OH 44136
8First Federal Savings & Loan Association of Newark5.10%6-month1050 Beecher Xing N Gahanna, OH 43230
9Beal Bank, SSB5.05%6-month3311 Richmond Rd Beachwood, OH 44122
10DayMet Credit Union, Inc.5.05%6-month3199 S Dixie Dr Moraine, OH 45439
11Community Bank5.01%6-month199 W Main St New Concord, OH 43762
12Community Savings5.01%6-month902 Wheeling Ave Cambridge, OH 43725
13First City Bank5.01%6-month1885 NW Blvd Columbus, OH 43212
14Rockhold Bank5.01%6-month101 E Main St Bainbridge, OH 45612
15Brookville Building and Savings Association5.00%6-month721 S Commerce St Lewisburg, OH 45338
16Fort Jennings State Bank5.00%6-month1300 N Locust St Ottawa, OH 45875
17Hicksville Bank5.00%6-month304 N Michigan Ave Edgerton, OH 43517
18Vinton County National Bank5.00%9-month112 W Main St, McArthur, OH 45651
19St. Pauls Parish Federal Credit Union4.43%3-month1762 Brown St Akron, OH 44301
20Summit Federal Credit Union4.25%3-month100 Wheeler St PO Box 1460 Akron, OH 44311
21Superior Credit Union4.05%3-month4230 Elida Rd, Lima, OH 45807
22Valley Central Savings Bank4.05%3-month115 W Benson St, Reading, OH 45215
23Richwood Bank4.01%12-month1512 W William St, Delaware, OH 43015
24North Valley Bank4.00%12-month2775 Maysville Pike, Zanesville, OH 43701
25Sutton Bank4.00%3-month1 S Main St, Attica, OH 44807
26Sharefax Credit Union4.00%3-month1147 Old State Route 74, Batavia, OH 45103
27Towpath Credit Union4.00%12-month2969 Smith Rd, Fairlawn, OH 44333
28The Farmers National Bank of Canfield3.96%6-month20 S Broad St, Canfield, OH 44406
29Telhio Credit Union3.93%18-month96 N 4th St, Columbus, OH 43215
30New York Community Bank3.69%3-month1835 Brittain Rd Akron, OH 44310
31Stark Federal Credit Union3.69%3-month4100 Dressler Rd NW, Canton, OH 44718
32WaFd Bank3.45%12-monthOnline
33Southeast Financial Credit Union3.40%6-month200 N Town St Fostoria, OH 44830
34Kemba Financial Credit Union3.05%6-month555 Officenter Pl, Gahanna, OH 43230
35PenFed Credit Union3%6-monthOnline
36Woodforest National Bank3.00%15-month8585 Pearl Rd, Strongsville, OH 44136
37Wright-Patt Credit Union3.00%17-month3560 Pentagon Blvd, Beavercreek, OH 45431
38Directions Credit Union3.00%60-month5121 Whiteford Rd, Toledo, OH 43623
39Seven Seventeen Credit Union3.00%12-month3181 Larchmont Ave NE, Warren, OH 44483
40Unity Catholic Federal Credit Union3.00%12-month5839 Ridge Rd, Parma, OH 44129
41Van Wert Federal Savings Bank3.00%3-month976 S Shannon St, Van Wert, OH 45891
42Wayne Savings Community Bank3.00%12-month151 N Market St, Wooster, OH 44691
43Firefighters Community Credit Union2.75%48-month4664 E 71st St, Cuyahoga Heights, OH 44125
44Greater Cleveland Community Credit Union2.70%12-month4600 Carnegie Ave, Cleveland, OH 44103
45Heritage Credit Union2.70%24-month25 S Liberty St, Powell, OH 43065
46Miami University Community Federal Credit Union2.60%6-month420 Wells Mill Dr, Oxford, OH 45056
47Wells Fargo Bank, National Association2.50%6-month325 John H Mcconnell Blvd Columbus, OH 43215
48Ohio HealthCare Federal Credit Union2.50%36-month3955 W Dublin Granville Rd, Dublin, OH 43017
49Ohio University Credit Union2.50%18-month944 E State St, Athens, OH 45701
50River Valley Credit Union2.50%6-month2094 S Alex Rd, West Carrollton, OH 45449
51Ohio Healthcare Federal Credit Union2.47%3-month1174 Battles Ave Akron, OH 44314
52The Ohio State Bank2.00%12-month111 S Main St, Marion, OH 43302
53Wilmington Savings Bank2.00%6-month184 N South St, Wilmington, OH 45177
54Summit Federal Credit Union2.00%3-month100 Wheeler St, Akron, OH 44311
55Toledo Metro Federal Credit Union2.00%24-month1212 Adams St, Toledo, OH 43604
56Sylvania Area Federal Credit Union1.86%24-month6613 Maplewood Ave, Sylvania, OH 43560
57Vacationland Federal Credit Union1.80%36-month2911 S Hayes Ave, Sandusky, OH 44870
58Waterford Bank1.78%12-month3900 N McCord Rd, Toledo, OH 43617
59Wayne Savings Community Bank1.05%17-month151 N Market St, Wooster, OH 44691
60School Employees Lorain County Credit Union0.98%60-month340 Griswold Rd, Elyria, OH 44035

Current CD Rates of Ohio

The current Ohio’s CD rates offer a glimpse into the state’s financial opportunities available for individuals to grow their savings.

By locking in a rate with a CD, Ohioans can benefit from fixed, predictable returns over a specified term. The CDs are a cornerstone for those who want the stability and security in their investment portfolios.

Best 6 Month CD Rates

For the best 6-month CD rates, investors find an attractive entry point into the world of savings. It offers a short-term commitment with competitive yields.

  1. Bask Bank

Minimum Amount: $1000

APY / Rate: 4.45%


  • Instant account opening
  • 6 months to 24 months CD term option
  • High yield accounts
  • FDIC insured to the maximum permitted by law


  • 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
  1. Merrick Bank

Minimum Amount: $25000

APY / Rate: 4.45%


  • Strong and credible bank
  • Best customer service
  • Range of investment tools to diversify the investment portfolio


  • 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 1 Year CD Rates

The best 1-year CD rates strike a balance between favorable returns and manageable commitment

  1. BMO Harris

Minimum Amount: $1000

APY / Rate: 5.00%


  • 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


  • 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
  1. Popular Direct

Minimum Amount: $10,000

APY / Rate: 4.80%


  • CD calculator to buy the right CD option
  • 24/7 access to the account
  • FDIC insured investment options
  • High rate and reliable customer support


  • 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

2-year CD rates are appealing for the investors who are looking for a secure place for their funds while benefiting from rates higher than shorter-term deposits.

  1.  America’s First Credit Union

Minimum Amount: $500

APY / Rate:



  • 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


  • 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
  1. Bethpage Federal Credit Union

Minimum Amount: $500

APY / Rate: 4.50%


  • 6 months to 60-month terms available
  • The minimum deposit amount is set at $50
  • Federally insured by the NCUA


  • 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

The best 3-year CD rates offer a way to further enhance their earnings through longer-term investments.

  1.  Alliant Credit Union

Minimum Amount: $1000

APY / Rate: 4.60%


  • Investments backed by the NCUA
  • Higher interest rates than other commercial banks.
  • No cap on investing
  • No minimum deposit rule
  • No ongoing monthly charges


  • 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.
  1. Sallie Mae Bank

Minimum Amount: $2500

APY / Rate: 4.40%


  • Locked in interest rates
  • 6 months to 60-month term range
  • FDIC insured investment
  • No monthly maintenance fees


  • 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

The best 5-year CD rates present the highest yields, rewarding investors with patience and a long-term outlook on their savings strategy, by making it a cornerstone for robust financial planning.

  1.  Popular Direct

Minimum Amount: $10000

APY / Rate: 4.55%


  • Easy, round the clock account access
  • All investments are FDIC insured
  • Best  rate of interest
  • Unconditional customer support


  • 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
  1. Randolph-Brooks Federal Credit Union

Minimum Amount: $20000

APY / Rate: 4.55%


  • Best interest rates for 5-year CDs
  • Risk-free investment option
  • FDIC insured banking solutions
  • Reliable customer service


  • 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.

Ohio Economic Statistics

Ohio’s economic landscape offers a unique backdrop for investors and savers looking to navigate the terrain of CD rate, particularly for places like Ohio.

  • With an average household income in Ohio being around $58,642, according to the U.S. Census Bureau. The state presents a solid foundation for savings and investment strategies.
  • The average home value in Ohio stands at approximately $157,200, reflecting a more accessible real estate market compared to the soaring property values.
  • Ohio’s population, nearing 11.69 million, showcases a diverse and substantial consumer base that contributes to the state’s economic activities and opportunities for financial institutions to offer competitive CD rates.
Economic IndicatorOhioCalifornia
Average Household Income$58,642Higher than Ohio, with averages significantly impacted by regions like the San Francisco Bay Area and Los Angeles
Average Home Value$157,200Over $600,000, reflecting the state’s higher cost of living and real estate prices
PopulationApproximately 11.69 millionSignificantly larger, with a diverse and extensive population contributing to a dynamic economy

How to Get Best CD Rates in Ohio

Securing the best CD rates in Ohio requires a combination of research, timing, and strategy.

  • Investors should start by comparing rates offered by a variety of financial institutions, including both banks and credit unions, as these can vary significantly.
  • It is also essential to consider the term length that best suits your financial goals, as longer terms often offer higher rates.
  • Additionally, staying informed about the overall economic environment and Federal Reserve rate changes can help you anticipate shifts in CD rates.

Online platforms and financial comparison tools can also provide up-to-date information, making it easier to identify the most competitive offerings. Moreover, building a relationship with your financial institution might unlock special rates or promotions not widely advertised, offering another avenue to secure the best possible rates.

CD Rates Methodology

The methodology behind identifying the best CD rates involves an extensive review of the offerings from various financial institutions.

For this analysis, a total of 89 banks’ CD rates were reviewed. Out of these, 60 banks made the list for offering the most competitive CD rates. This selection process is based on several criteria, including the interest rates offered, the terms of the CDs, the minimum deposit requirements, and the banks’ reputations for customer service.

The aim is to provide a comprehensive overview of the best CD rates available. It helps the investors to make informed decisions that align with their financial objectives and timelines.


In conclusion, finding the best CD rates in Ohio involves a strategic approach. By staying informed about market trends, Ohioans can identify opportunities to maximize their savings through CDs. The methodology of evaluating CD rates mentioned above, offers a robust framework for comparing options. It overall ensures that investors have access to the most competitive rates available.


Who has the best CD rates in Ohio?

Beal Bank, SSB in Ohio offers competitive CD rates, with a notable offering of 5.05% for a 6-month term.

 What Credit Union has the Best CD rates in Ohio?

Southeastern Ohio Credit Union stands out for having the best CD rates among credit unions in Ohio, offering an impressive 5.25% for a 6-month term.