Best CD rates in Oklahoma

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 Bank	APY %	Term Length	Address
1	First State Bank	5.25%	3-month	100 Main St Gracemont, OK 73042
2	Anadarko Bank and Trust Company	5.15%	3-month	328 E 4th St Carnegie, OK 73015
3	Bank of Commerce	5.15%	3-month	2401 Ponderosa Dr Chickasha, OK 73018
4	First Bank & Trust Company	5.12%	3-month	1015 S Main St Grove, OK 74344
5	Simmons Bank	5.10%	6-month	1341 W Main St, Oklahoma City, OK 73106
6	American Bank	5.00%	3-month	201 E Cherokee St Wagoner, OK 74467
7	BancCentral, National Association	5.00%	3-month	300 W Randolph Ave Enid, OK 73701
8	Bank of Cushing	5.00%	3-month	2106 E Main St Cushing, OK 74023
9	Citizens Bank of Oklahoma	5.00%	3-month	308 N Main St Fairfax, OK 74637
10	Energy One Federal Credit Union	5.00%	3-month	220 W 7th St Tulsa, OK 74119
11	Pearl District Federal Credit Union	5.00%	3-month	1635 E 11th St PO Box 468Tulsa, OK 74120
12	Red River Federal Credit Union	4.65%	3-month	2301 NW 67th St Lawton, OK 73505
13	Oklahoma’s Credit Union (OKCU)	4.45%	18-month	3001 N Lincoln Blvd, Oklahoma City, OK 73105
14	University & Community Federal Credit Union	4.41%	18-month	1811 S Sangre Rd Stillwater, OK 74074
15	OU Federal Credit Union	4.25%	3-month	2000 W Lindsey St Norman, OK 73069
16	Arvest Bank	4.17%	3-month	125 W Canadian Ave Vinita, OK 74301
17	RCB Bank	4.05%	6-month	300 W Patti Page Blvd, Claremore, OK 74017
18	Yukon National Bank	4.02%	12-month	401 Elm Ave, Yukon, OK 73099
19	The City National Bank and Trust Company of Lawton, Oklahoma	4.01%	12-month	501 SW C Ave, Lawton, OK 73501
20	Kirkpatrick Bank	4.01%	12-month	15 E 15th St, Edmond, OK 73013
21	Valliance Bank	4.01%	18-month	1601 NW Expressway Street #100, Oklahoma City, OK 73118
22	Central National Bank & Trust	4.00%	24-month	324 W Broadway Ave, Enid, OK 73701
23	Citizens Bank of Oklahoma	4.00%	18-month	401 E Main St, Pawhuska, OK 74056
24	NBC Oklahoma	4.00%	6-month	200 W Oklahoma Ave, Guthrie, OK 73044
25	ONB Bank	4.00%	3-month	8908 S Yale Ave Suite 100, Tulsa, OK 74137
26	Waterford Bank	4.00%	12-month	6301 Waterford Blvd #101, Oklahoma City, OK 73118
27	Advancial Federal Credit Union	3.98%	3-month	815 NW 58th St Oklahoma City, OK 73118
28	Commerce Bank	3.98%	18-month	1000 W Will Rogers Blvd, Claremore, OK 74017
29	Bank of America, National Association	3.93%	3-month	415 Robert S Kerr Ave Oklahoma City, OK 73102
30	Armstrong Bank	3.93%	6-month	1215 W Okmulgee Ave, Muskogee, OK 74401
31	Quail Creek Bank	3.93%	36-month	12201 N May Ave, Oklahoma City, OK 73120
32	Regent Bank	3.93%	18-month	7136 S Yale Ave #100, Tulsa, OK 74136
33	Stride Bank	3.93%	12-month	324 W Broadway Ave, Enid, OK 73701
34	Community Bank	3.76%	24-month	4936 E 91st St, Tulsa, OK 74137
35	MTC Federal Credit Union	3.70%	3-month	1103 Michelin Rd Ardmore, OK 73401
36	My Choice Federal Credit Union	3.60%	3-month	2192 S Sheridan Rd Tulsa, OK 74129
37	Tinker Federal Credit Union	3.60%	3-month	715 Metropolitan Ave Oklahoma City, OK 73108
38	Grand Savings Bank	3.45%	24-month	1022 S Main St, Grove, OK 74344
39	Liberty National Bank	3.45%	18-month	629 SW C Ave, Lawton, OK 73501
40	Zions Bank	3.45%	18-month	Online
41	Mabrey Bank	3.01%	6-month	14821 S Memorial Dr, Bixby, OK 74008
42	American Bank of Oklahoma	3.00%	6-month	200 E Main St, Collinsville, OK 74021
43	Gateway First Bank	3.00%	18-month	244 S Gateway Pl, Jenks, OK 74037
44	Peoples Bank	3.00%	12-month	445 S Lewis Ave, Tulsa, OK 74104
45	Stillwater National Bank	3.00%	6-month	608 S Main St, Stillwater, OK 74074
46	Sooner State Bank	2.86%	24-month	2 W Main St, Tuttle, OK 73089
47	Navy Federal Credit Union	2.75%	3-month	3414 NW Cache Rd Lawton, OK 73505
48	First State Bank	2.75%	24-month	2610 N Main St, Altus, OK 73521
49	First National Bank and Trust Co.	2.68%	6-month	302 N Main St, McAlester, OK 74501
50	Vision Bank	2.35%	24-month	101 E Main St, Ada, OK 74820
51	Tinker Federal Credit Union	2.05%	60-month	715 Metropolitan Ave, Oklahoma City, OK 73108
52	Exchange Bank and Trust Company	2.00%	24-month	516 S Duck St, Stillwater, OK 74074
53	InterBank	2.00%	24-month	4921 N May Ave, Oklahoma City, OK 73112
54	Oklahoma Central Credit Union	2.00%	48-month	4956 S Peoria Ave, Tulsa, OK 74105
55	TTCU Federal Credit Union	2.00%	24-month	9815 E 81st St, Tulsa, OK 74133
56	First Bank & Trust Co.	1.98%	36-month	923 W Main St, Duncan, OK 73533
57	Oklahoma Capital Bank	1.25%	36-month	9310 S Western Ave, Oklahoma City, OK 73139
58	Heritage Bank	1.00%	12-month	3023 S Harvard Ave, Tulsa, OK 74114
59	Security Bank	1.00%	60-month	10727 E 51st St, Tulsa, OK 74146
60	Weokie Credit Union	1.00%	24-month	8100 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

2. 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.

2. 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.

2. 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.

2. 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.

2. 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 Indicator	Oklahoma
Average Household Income	$63,440
Average Home Value	$157,000
Population	Over 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.

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