When it comes to optimizing your savings with options ranging from local credit unions to national banks, Oklahoma presents a fertile ground for your savings to flourish.  It offers the security of vast resources

Let’s explore the landscape of CD rates in Oklahoma, where financial prudence meets the promise of steady growth. It ensures that your savings strategy is as resilient and forward-looking as the state itself.

Overall Best CD rates in Oklahoma

No.Name of the BankAPY %Term LengthAddress
1First State Bank5.25%3-month100 Main St Gracemont, OK 73042
2Anadarko Bank and Trust Company5.15%3-month328 E 4th St Carnegie, OK 73015
3Bank of Commerce5.15%3-month2401 Ponderosa Dr Chickasha, OK 73018
4First Bank & Trust Company5.12%3-month1015 S Main St Grove, OK 74344
5Simmons Bank5.10%6-month1341 W Main St, Oklahoma City, OK 73106
6American Bank5.00%3-month201 E Cherokee St Wagoner, OK 74467
7BancCentral, National Association5.00%3-month300 W Randolph Ave Enid, OK 73701
8Bank of Cushing5.00%3-month2106 E Main St Cushing, OK 74023
9Citizens Bank of Oklahoma5.00%3-month308 N Main St Fairfax, OK 74637
10Energy One Federal Credit Union5.00%3-month220 W 7th St Tulsa, OK 74119
11Pearl District Federal Credit Union5.00%3-month1635 E 11th St PO Box 468Tulsa, OK 74120
12Red River Federal Credit Union4.65%3-month2301 NW 67th St Lawton, OK 73505
13Oklahoma’s Credit Union (OKCU)4.45%18-month3001 N Lincoln Blvd, Oklahoma City, OK 73105
14University & Community Federal Credit Union4.41%18-month1811 S Sangre Rd Stillwater, OK 74074
15OU Federal Credit Union4.25%3-month2000 W Lindsey St Norman, OK 73069
16Arvest Bank4.17%3-month125 W Canadian Ave Vinita, OK 74301
17RCB Bank4.05%6-month300 W Patti Page Blvd, Claremore, OK 74017
18Yukon National Bank4.02%12-month401 Elm Ave, Yukon, OK 73099
19The City National Bank and Trust Company of Lawton, Oklahoma4.01%12-month501 SW C Ave, Lawton, OK 73501
20Kirkpatrick Bank4.01%12-month15 E 15th St, Edmond, OK 73013
21Valliance Bank4.01%18-month1601 NW Expressway Street #100, Oklahoma City, OK 73118
22Central National Bank & Trust4.00%24-month324 W Broadway Ave, Enid, OK 73701
23Citizens Bank of Oklahoma4.00%18-month401 E Main St, Pawhuska, OK 74056
24NBC Oklahoma4.00%6-month200 W Oklahoma Ave, Guthrie, OK 73044
25ONB Bank4.00%3-month8908 S Yale Ave Suite 100, Tulsa, OK 74137
26Waterford Bank4.00%12-month6301 Waterford Blvd #101, Oklahoma City, OK 73118
27Advancial Federal Credit Union3.98%3-month815 NW 58th St Oklahoma City, OK 73118
28Commerce Bank3.98%18-month1000 W Will Rogers Blvd, Claremore, OK 74017
29Bank of America, National Association3.93%3-month415 Robert S Kerr Ave Oklahoma City, OK 73102
30Armstrong Bank3.93%6-month1215 W Okmulgee Ave, Muskogee, OK 74401
31Quail Creek Bank3.93%36-month12201 N May Ave, Oklahoma City, OK 73120
32Regent Bank3.93%18-month7136 S Yale Ave #100, Tulsa, OK 74136
33Stride Bank3.93%12-month324 W Broadway Ave, Enid, OK 73701
34Community Bank3.76%24-month4936 E 91st St, Tulsa, OK 74137
35MTC Federal Credit Union3.70%3-month1103 Michelin Rd Ardmore, OK 73401
36My Choice Federal Credit Union3.60%3-month2192 S Sheridan Rd Tulsa, OK 74129
37Tinker Federal Credit Union3.60%3-month715 Metropolitan Ave Oklahoma City, OK 73108
38Grand Savings Bank3.45%24-month1022 S Main St, Grove, OK 74344
39Liberty National Bank3.45%18-month629 SW C Ave, Lawton, OK 73501
40Zions Bank3.45%18-monthOnline
41Mabrey Bank3.01%6-month14821 S Memorial Dr, Bixby, OK 74008
42American Bank of Oklahoma3.00%6-month200 E Main St, Collinsville, OK 74021
43Gateway First Bank3.00%18-month244 S Gateway Pl, Jenks, OK 74037
44Peoples Bank3.00%12-month445 S Lewis Ave, Tulsa, OK 74104
45Stillwater National Bank3.00%6-month608 S Main St, Stillwater, OK 74074
46Sooner State Bank2.86%24-month2 W Main St, Tuttle, OK 73089
47Navy Federal Credit Union2.75%3-month3414 NW Cache Rd Lawton, OK 73505
48First State Bank2.75%24-month2610 N Main St, Altus, OK 73521
49First National Bank and Trust Co.2.68%6-month302 N Main St, McAlester, OK 74501
50Vision Bank2.35%24-month101 E Main St, Ada, OK 74820
51Tinker Federal Credit Union2.05%60-month715 Metropolitan Ave, Oklahoma City, OK 73108
52Exchange Bank and Trust Company2.00%24-month516 S Duck St, Stillwater, OK 74074
53InterBank2.00%24-month4921 N May Ave, Oklahoma City, OK 73112
54Oklahoma Central Credit Union2.00%48-month4956 S Peoria Ave, Tulsa, OK 74105
55TTCU Federal Credit Union2.00%24-month9815 E 81st St, Tulsa, OK 74133
56First Bank & Trust Co.1.98%36-month923 W Main St, Duncan, OK 73533
57Oklahoma Capital Bank1.25%36-month9310 S Western Ave, Oklahoma City, OK 73139
58Heritage Bank1.00%12-month3023 S Harvard Ave, Tulsa, OK 74114
59Security Bank1.00%60-month10727 E 51st St, Tulsa, OK 74146
60Weokie Credit Union1.00%24-month8100 W Reno Ave, Oklahoma City, OK 73127

Current CD Rates of Oklahoma

 With terms ranging from a few months to several years, CDs in Oklahoma provide a spectrum of opportunities for earning higher interest in exchange for locking in funds for a predefined period.

This ensures a predictable, risk-free return that is particularly appealing in times of economic uncertainty. It makes the CDs a cornerstone for diversified savings strategies among the people who are looking to enhance financial security.


Best 6 Month CD Rates

For those who are looking to get a short-term saving strategy with swift returns, the best 6-month CD rates in Oklahoma appear to be a golden opportunity.

  1. Popular Direct

Minimum Amount: $10,000

APY / Rate: 4.50%

Pros:

  • Highly competitive rate of interest
  • 24/7 access to the account
  • Maximum insurance coverage as permitted by FDIC
  • Excellent customer service

Rules:

  • Open a CD account with minimum $10000 balance
  • Penalty on premature withdrawal
  • Interest is accrued on a daily basis
  1. Bask Bank

Minimum Amount: $1000

APY / Rate: 4.45%

Pros:

  • Interest accrued on daily balance
  • Fixed terms and rates
  • Insured up to FDIC limits
  • Customizing option available with terms ranging from 6 months to 24 months

Rules:

  • New customers need to open a new account with Bask Bank to open a CD account and existing customers can add a CD to their existing account.
  • A minimum of $1000 must be deposited within 10 business days of opening the account.
  • Interest is calculated and accrued daily.
  • Early withdrawal penalty:
    1. 90 days of simple interest based on the principal amount withdrawn for terms 6 months to 1 year
    2. 180 days of simple interest based on the principal amount withdrawn for the term greater than 1 year

Best 1 Year CD Rates

Elevating your savings plan with the best 1-year CD rates in Oklahoma can provide a substantial boost to your financial health.

  1.  BMO Harris

Minimum Amount: $1000

APY / Rate: 5.00%

Pros:

  • High-interest rates on CD accounts
  • Access through mobile, online, and telephone
  • FDIC insured to the maximum limited by law
  • No monthly maintenance fee

Rules:

  • A CD can be opened instantly
  • The amount can be withdrawn early by paying an early withdrawal penalty amount
  • 10 calendar days grace period post maturity post which the CD is auto-renewed.
  1. First Internet Bank of Indiana

Minimum Amount: $1000

APY / Rate: 4.75%

Pros:

  • The high-interest rate on CDs
  • No maintenance fees
  • 3 months to 60-month CD term option

Rules:

  • Interest on CD is compounded every month
  • An early withdrawal penalty is charged on premature withdrawal from the account.
  • 10 days grace period post maturity after which the CD gets auto-renewed.

Best 2 Year CD Rates

2-year CD rates are the middle ground that offers a lucrative escape from the lower returns of shorter-term CDs, without overly prolonging access to your funds.

  1. America’s First Credit Union

Minimum Amount: $500

APY / Rate: 4.75%

Pros:

  • Choice of term available from 91 days to 60 months
  • Low minimum deposit requirements
  • High dividend rates compared to other credit unions and banks

Rules:

  • Dividends are paid monthly., quarterly, or on maturity depending on the type of certificate
  • Premature withdrawal is subject to a penalty.
  • Certificates are auto-renewed once they mature.
  1. Randolph-Brooks Federal Credit Union

Minimum Amount: $20,000

APY / Rate: 4.70%

Pros:

  • Low minimum deposit requirements
  • High dividend rates for 2 years share certificate account
  • Risk-free investment
  • Maximum insurance coverage by FDIC

Rules:

  • Open a CD account for your choice of term.
  • Interest in the account is compounded monthly
  • Dividends can be transferred to the certificate account or RBFCU checking, savings or Money Market accounts
  • The certificate is auto-renewed on maturity
  • Premature withdrawal incurs an early withdrawal penalty

Best 3 Year CD Rates

3-year CD rates in Oklahoma is a strategic move for those planning ahead. It offers a significant uptick in interest rates. This term provides a reliable way to capitalize on higher returns as a reward for a slightly extended commitment.

  1. Alliant Credit Union

Minimum Amount: $1000

APY / Rate: 4.60%

Pros:

  • NCUA insured investment
  • Better interest rates than conventional banks
  • No cap on maximum investment
  • Low minimum deposit requirements
  • No monthly maintenance fees

Rules:

  • Dividends are compounded every month as well as on maturity
  • Dividends can be earned and withdrawn every month without penalty,
  • With monthly dividend withdrawal, the simple interest is calculated instead of compound.
  • Closing a certificate account before maturity is charged with a penalty.
  1. Bread Financial

Minimum Amount: $1000

APY / Rate: $4.50%

Pros:

  • Highly competitive rates
  • Instant account opening
  • A higher degree of liquidity
  • Low minimum deposit requirements
  • FDIC insured to the maximum limit

Rules:

  • Interest is accrued, compounded daily, and credited to the account every month.
  • Per account maximum investment limit is $1 million and per customer, the limit is $10 million
  • Cashout feature available within a grace period of 10 days
  • After 10 days grace period, the CD is auto-renewed.

Best 5 Year CD Rates

The best 5-year CD rates present the secure ground for the long-term saving strategy in Oklahoma. It is designed for the most patient and forward-thinking savers.

  1. BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • High-interest rates on CD accounts
  • Access through mobile, online, and telephone
  • FDIC insured to the maximum limited by law
  • No monthly maintenance fee

Rules:

  • A CD can be opened instantly
  • The amount can be withdrawn early by paying an early withdrawal penalty amount
  • 10 calendar days grace period post maturity post which the CD is auto-renewed.
  1. Barclays

Minimum Amount: $0

APY / Rate: 4.30%

Pros:

  • No minimum deposit required
  • High stability with a fixed interest rate
  • No hidden fees or monthly charges
  • Online access available

Rules:

  • Interest is compounded daily
  • Funds must be added within 14 days of account opening
  • Premature withdrawal is subject to a penalty
  • Funds can be transferred to other accounts as well

Oklahoma Economic Statistics

As of 2023 stats and figures, Oklahoma’s economic landscape offers a unique backdrop for investors and savers, particularly when juxtaposing with opportunities like the best CD rates in California.

  • With an average household income of approximately $63,440, Oklahoma stands as a region where strategic financial planning can significantly impact household savings and investment choices.
  • The average home value in the state hovers around $157,000, reflecting a more accessible real estate market compared to California’s soaring property values.
  • Oklahoma’s population, just over 4 million residents, encapsulates a diverse economic fabric, from the bustling energy sector to agriculture and manufacturing, providing a stable base for investment opportunities, including CDs.
Economic IndicatorOklahoma
Average Household Income$63,440
Average Home Value$157,000
PopulationOver 4 million

For investors, these statistics underscore the importance of leveraging CD rates to maximize returns. Overall, Oklahoma offers a stable ground for growing savings in a balanced economic climate.

How to Get Best CD Rates in Oklahoma

Securing the best CD rates in Oklahoma requires a blend of research, timing, and understanding the local financial landscape.

  • Investors should start by comparing rates from a wide variety of financial institutions, including both national banks with branches in Oklahoma and local credit unions, which often offer competitive rates to their members.
  • It’s also crucial to consider the term length that best suits your financial goals, as longer terms typically offer higher rates.
  • Staying informed about economic trends and the Federal Reserve’s interest rate adjustments can provide insights into when CD rates might rise, allowing you to time your investment wisely.
  • Additionally, leveraging online financial tools and resources that aggregate and compare CD rates across multiple banks can streamline the process of finding the best rates available.

CD Rates Methodology

Our methodology for identifying the best CD rates in Oklahoma involved a comprehensive review of 88 banks, ranging from local credit unions known for their community-focused financial products to larger, national banks that operate within the state.

Out of these, 60 institutions made our list, selected based on the competitiveness of their CD rates, the diversity of term options available, and their accessibility to Oklahoma residents.

This thorough approach ensures that our recommendations reflect the most attractive investment opportunities for savers looking to maximize their returns with minimal risk.

Conclusion

Finding the best CD rates in Oklahoma is a strategic process that can lead to significant financial gains. By conducting thorough research, considering local and national options, and staying informed about economic trends, savers can effectively navigate the landscape of CD investments.

With the right approach and resources, securing the best CD rates can be a straightforward and rewarding endeavor.

FAQs

Who has the best CD rates in Oklahoma?

First State Bank offers a CD rate of 5.25% for a 3-month term in Oklahoma.

What Credit Union has the Best CD rates in Oklahoma?

Energy One Federal Credit Union provides a CD rate of 5.00% for a 3-month term in Oklahoma.