Best CD Rates in Ohio

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

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

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

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

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

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.

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.

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

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

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.