Best CD Rates in Oregon

For enhancing your savings, finding the best CD rates is a good option to go for. In Oregon, investors have a plethora of options to grow their funds securely.

Oregon’s financial institutions offer competitive CD rates to fit a variety of financial goals and timelines. With the right CD, Oregonians can enjoy higher interest rates compared to regular savings accounts. It ensures that their money works harder for them in a stable, low-risk environment.

Let’s delve into the best CD rates available in Oregon. It helps you to make an informed decision to boost your savings and achieve your financial aspirations.

Overall Best CD rates in Oregon

No.	Name of the Bank	APY %	Term Length	Address
1	IQ Credit Union	5.50%	3-month	Online
2	Pacific Continental Bank	5.25%	13-month	Online
3	Fibre Federal Credit Union	5.13%	3-month	Online
4	Marion & Polk Schools Credit Union	5.13%	3-month	3055 Lancaster Dr NE, Salem, OR 97305
5	Advantis Credit Union	5.00%	3-month	10501 SE Main St, Portland, OR 97216
6	Zions Bank	5.00%	9-month	1001 SW 5th Ave #2150, Portland, OR 97204
7	Trailhead Credit Union	4.91%	3-month	1980 NW 9th St, Corvallis, OR 97330
8	Bank of America	4.85%	7 months	121 SW Morrison St, Portland, OR 97204
9	Wells Fargo	4.75%	7 months	1300 SW 5th Ave, Portland, OR 97201
10	U.S. Bank	4.50%	7 months	101 SW Main St, Portland, OR 97204
11	Unitus Community Credit Union	4.45%	6-month	1300 SW 6th Ave, Portland, OR 97201
12	First Tech Federal Credit Union	4.45%	6-month	5100 SW Macadam Ave, Portland, OR 97239
13	HomeStreet Bank	4.45%	18-month	22 NW 23rd Ave, Portland, OR 97210
14	Providence Federal Credit Union	4.05%	24-month	5515 NE 139th Ave, Vancouver, WA 98682
15	Providence Federal Credit Union	4.05%	24-month	5515 NE 139th Ave, Vancouver, WA 98682
16	Premier Community Bank	4.05%	18-month	314 E Main St, Hillsboro, OR 97123
17	Bank of Eastern Oregon	4.04%	18-month	905 NW Kings Blvd, Redmond, OR 97756
18	Bank of Eastern Oregon	4.04%	18-month	905 NW Kings Blvd, Redmond, OR 97756
19	Old West Federal Credit Union	4.04%	24-month	650 W Main St, John Day, OR 97845
20	Advantis Credit Union	4.00%	24-month	10501 SE Main St, Portland, OR 97216
21	Bank of the Cascades	4.00%	24-month	5335 SW Meadows Rd, Lake Oswego, OR 97035
22	Clackamas Federal Credit Union	4.00%	24-month	18600 SE Mcloughlin Blvd, Milwaukie, OR 97267
23	Pacific West Bank	4.00%	24-month	510 SW 5th Ave, Suite 100, Portland, OR 97204
24	Riverview Community Bank	4.00%	18-month	Online
25	Yamhill County Bank	4.00%	12-month	Online
26	OnPoint Community Credit Union	3.93%	18-month	301 SW 12th Ave, Portland, OR 97205
27	MBank	3.93%	24-month	Online
28	Pioneer Trust Bank	3.93%	18-month	109 Commercial St NE, Salem, OR 97301
29	Evergreen Federal Bank	3.89%	12-month	1818 SW 1st Ave, Suite 225, Portland, OR 97201
30	Willamette Community Bank	3.89%	12-month	333 SW 5th Ave, Suite 100, Portland, OR 97204
31	Oregon Community Credit Union	3.68%	12-month	202 Division Ave, Eugene, OR 97404
32	Central Willamette Credit Union	3.68%	24-month	7101 Supra Dr SW, Albany, OR 97321
33	Point West Credit Union	3.50%	3-month	718 NE 12th Ave, Portland, OR 97232
34	Consolidated Community Credit Union	3.50%	3-month	2021 NE Sandy Blvd, Portland, OR 97232
35	KeyBank	3.35%	6-month	1211 SW 5th Ave, Portland, OR 97204
36	Lewis & Clark Bank	3.35%	24-month	1900 McLoughlin Blvd Suite 67, Oregon City, OR 97045
37	Chase Bank	3.00%	6 months	1205 NW 185th Ave, Beaverton, OR 97006
38	Columbia Bank	3.00%	36-month	111 SW 5th Ave, Portland, OR 97204
39	Rivermark Community Credit Union	3.00%	24-month	1001 SW 5th Ave, Suite 100, Portland, OR 97204
40	Pacific West Bank	3.00%	18-month	510 SW 5th Ave, Suite 100, Portland, OR 97204
41	Bank of the West	3.00%	12-month	1001 SW 5th Ave, Portland, OR 97204
42	SELCO Community Credit Union	3.00%	36-month	333 SW 5th Ave, Suite 100, Portland, OR 97204
43	Unitus Community Credit Union	3.00%	24-month	1300 SW 6th Ave, Portland, OR 97201
44	Liberty Savings Bank, FSB	3.00%	18-month	7 NE Broadway St, Portland, OR 97232
45	Community Bank	3.00%	12-month	920 NW 17th Ave, Portland, OR 97209
46	MBank	3.00%	36-month	111 SW 5th Ave, Suite 3000, Portland, OR 97204
47	Siuslaw Bank	3.00%	18-month	Online
48	Sterling Savings Bank	3.00%	18-month	Online
49	Western Pacific Bank	3.00%	12-month	Online
50	Fibre Federal Credit Union	3.00%	24-month	Online
51	West Coast Bank	2.72%	24-month	Online
52	Northwest Community Credit Union	2.52%	3-month	3660 Gateway St, Springfield, OR 97477
53	Banner Bank	2.14%	24-month	101 SW Main St Suite 154, Portland, OR 97204
54	Washington Federal Bank	2.14%	18-month	1300 SW 5th Ave #100, Portland, OR 97201
55	Maps Credit Union	2.04%	48-month	451 Division St NE, Salem, OR 97301
56	Columbia Credit Union	2.00%	36-month	200 SE Park Plaza Dr, Suite 100, Vancouver, WA 98684
57	Albina Community Bank	1.98%	24-month	2002 NE Martin Luther King Jr Blvd, Portland, OR 97212
58	Centennial Bank	1.98%	24-month	16200 SW Pacific Hwy, Suite 200, Tigard, OR 97224
59	Valley Republic Bank	1.98%	18-month	Online
60	Oregonians Credit Union	1.68%	36-month	336 NE 20th Ave, Portland, OR 97232
61	First Tech Federal Credit Union	1.28%	36-month	5100 SW Macadam Ave, Portland, OR 97239
62	Rivermark Community Credit Union	1.28%	36-month	1001 SW 5th Ave, Suite 100, Portland, OR 97204
63	The Bank of Oswego	1.28%	18-month	Online

Current CD Rates of Oregon

In Oregon, the current CD rates reflect the financial landscape’s cautious optimism, with both banks and credit unions offering competitive options for investors. The options lock in their funds for a set period.

The landscape underlines a broader trend in the savings market, where institutions are balancing the need to attract depositors with the realities of a fluctuating rate environment.

For savers, this means that while the opportunities for higher yields are modest, there is still value in shopping around and considering both banks and credit unions for the best terms and rates available.

Best 6 Month CD Rates

For those seeking a short-term investment to keep their savings growing, the best 6-month CD rates offer a reliability for funds with a modest yield, ensuring liquidity in the near future.

1.  CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 3.25% APY

Pros:

• NCUA insured to at least $250,000
•  Option to renew on the maturity
• Low overdraft fees.
• Provide loan and insurance services

Rules:

• Any withdrawal before maturity is charged with a penalty
• Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the
• rate of 2x the current APR (divided by 365)
•  
• Dividends are paid at the end of the month

2. Quontic Bank

Minimum Amount: $500.00

APY / Rate: 2.25% APY

Pros:

• High-interest rates.
• Offer mobile and online banking.
• Access to more than 99,000 surcharge-free ATMs.
• Competitive interest rates on checking, savings, and CDs

Rules:

• FDIC insured and protected
•  If the account is closed before interest is credited
• Must have a Bank account for online banking
• Withdrawals before the maturity date are subject to penalties

3. PenFed Credit Union

Minimum Amount: $1000.00

APY / Rate: 2.00% APY

Pros:

• High-yield checking account with easy-to-waive monthly fees
• Opening checking and savings accounts require a low minimum deposit.
• Online savings account with a competitive dividend rate

Rules:

• On early withdrawal, account earnings will be reduced.
• Require a written notice of up to 60 days of the intention to withdraw funds

Best 1 Year CD Rates

Savers looking to boost their earnings without a long wait find satisfaction in the 1-year CD rates, as it is combining a favorable return with the security of a fixed term.

1.  Blue FCU

Minimum Amount: $0

APY / Rate: 4.60% APY

Pros:

• No monthly fee, ATM charges & minimum deposit needed
• Pay bills to anyone through the United States
•  Offers an annual percentage yield of up to 2%

Rules:

• Limit one per social security number.
• A minimum daily balance of $25.00 is required to earn dividends.
• The rate changes once the balance exceeds $5,000.
• Dividends are compounded daily and paid quarterly.

2. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

3.  First National Bank of America

Minimum Amount: $1000

APY / Rate: 4.40% APY

Pros:

• Competitive APYs on online CDs and high-yield savings accounts
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

4.  Marcus by Goldman Sachs

Minimum Amount: $500

APY / Rate: 4.00% APY

Pros:

• Savings and CD rates that are higher than average
• There are no monthly fees for savings accounts.
• Savings have no minimum deposits, while CDs have minimal minimum deposits.
• CDs with no penalties
• Personal loans with fixed rates and no fees

Rules:

• APY may change at any time even without prior notice
• Penalties may reduce account earnings due to early withdrawal of principal before maturity
• You may withdraw the full balance within 7 days of funding for No-penalty.

Best 2 Year CD Rates

With an eye on a slightly longer horizon, the 2-year CD rates provide a balance between higher yield and the flexibility of a medium-term investment.

1.  Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.35% APY

Pros:

• Easy online and mobile access.
• Checking account dividends are compounded daily and paid monthly
• 85,000 free ATM network access nationwide.
• Competitive APY rates.

Rules:

• NCUA insured.
• Rates are the same and are subject to change.
• Penalties applied for early withdrawal.
• The penalty will be 30% of the gross amount of dividends after 365 days of the open date.

2.  North American Savings Bank

Minimum Amount: $5000

APY / Rate: 4.50% APY

Pros:

• Full-service bank with branch locations, as well as online and mobile banking.
• FDIC insured.
• Competitive High yields on deposit accounts.

Rules:

• Allow you to change your interest rate or loan term
• Terms range from 3 months to 5 years.

3. KS State Bank

Minimum Amount: $500

APY / Rate: 4.73% APY

Pros:

• Mobile banking and deposits are available
• Zero domestic wire transfer fee.

Rules:

• Interest can be withdrawn before maturity
• Early Withdrawal Penalty 270 days
• Partial Early Withdrawals Allowed

Best 3 Year CD Rates

Investors who are willing to commit their savings for a bit longer are rewarded with the best 3-year CD rates. It offers improved returns for their patience and trust.

1.  Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate
• Without monthly services.
• Free domestic incoming wire transfers on savings account
• Interest Accrued and compounded daily & Credited and posted monthly

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• For terms of 12 months to 3 years, the penalty is 180 days of simple interest.
• At maturity, your CD will automatically renew and earn the base interest rate

2. Synchrony Bank

Minimum Amount: $0

APY / Rate: 4.30% APY

Pros:

• You can earn a high yield.
• SAfe CDs with low-risk involvement.

Rules:

• More than 1 year but less than 4 years penalty applied for 180 days of simple interest
• Deposit accounts are insured up to $250,000 per ownership category.

3. Quorum Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.00% APY

Pros:

• Extremely safe investment insured by NCUA
• Low maintenance fee
• High-interest rate than regular saving accounts.

Rules:

• Account deposits of $100,000 earn an additional 0.10% APY.
• Penalty will be imposed if funds are withdrawn before maturity.

Best 5 Year CD Rates

 For those with the foresight to plan for the longer term, the best 5-year CD rates stand out as the pinnacle of commitment to savings growth.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75% APY

Pros:

• $1,500 minimum opening deposit
• FDIC insured
• Zero service charges
• Interest Accrued and compounded daily & Credited and posted monthly

Rules:

• APYs are subject to change at any time without notice
• The penalty will be applied for early withdrawals on CDs
• The penalty is calculated based on 365 days of simple interest.
• $25 per outgoing wire transfer
• Auto-renew at maturity or cash out without penalty within the 10-day grace period

2.  Popular Direct

Minimum Amount: $10000

APY / Rate: 4.35% APY

Pros:

• No monthly fees on savings account
• Competitive rates on savings and CDs
• Access your account 24/7 from desktop or mobile.
• All deposits are FDIC insured.

Rules:

• Penalty is 730 days of simple interest
• Interest earned may vary
• fees may reduce the aggregate balance on the account.
• A minimum deposit of $10,000 is required for all CDs.

3. Synchrony Bank

Minimum Amount: $0

APY / Rate: 4.30% APY

Pros:

• You can earn a high yield.
• Safe CDs with low-risk involvement.

Rules:

• The grace Period for Penalty-Free withdrawals after maturity is 10 days
• Deposit accounts are insured up to $250,000 per ownership category.
• Earnings are compounded daily

Oregon Economic Statistics

In the context of Oregon’s economy and how it intersects with the best CD rates for investors, it is important to understand the state’s economic statistics. This statistics provides valuable insight. 

• Oregon had a median household income of approximately $103,330. This figure is a crucial indicator of the general economic well-being of Oregonians, influencing their saving and investment capabilities, including the feasibility of investing in CDs​​.
• The state’s average home value stood at $480,428, showcasing the real estate market’s status and the wealth stored in property ownership, which might affect investment choices, including the preference for secure investments like CDs​​.
• Oregon’s population was estimated at over 4.2 million people, reflecting a diverse and sizable market for financial products, including certificates of deposit​​.

Statistic	Value
Median Household Income	$103,330
Average Home Value	$480,428
Population Estimate	4,233,358
Per Capita Income	$38,975
Median Family Income	$88,085

Given the state’s economic stability, as indicated by these averages, choosing the right CD rate can be a strategic move to optimize returns on investments within Oregon’s financial environment.

How to Get Best CD Rates in Oregon?

To secure the best CD rates in Oregon, it’s essential to undertake a comprehensive approach that encompasses a broad spectrum of financial institutions.

• This involves researching and comparing the offerings from various banks and credit unions across the state.
• Begin by identifying your financial goals and the duration you’re comfortable with locking in your funds, as CD terms can range from a few months to several years, each offering different rates.
• Online platforms and financial comparison websites can be invaluable resources, providing up-to-date information on the current CD rates available in Oregon.
• Additionally, consider leveraging any existing relationships with banks or credit unions, as some institutions offer better rates to existing customers.

Apart from all this, staying informed about the general economic conditions and the Federal Reserve’s interest rate decisions can also guide you towards making a timely investment in CDs.

CD Rates Methodology

In the process of determining the best CD rates in Oregon, an extensive review of 93 banks’ CD rates was conducted.

This robust analysis aimed to capture a wide array of options available to savers and investors, ensuring a comprehensive market overview. Out of these, 63 banks made the list, distinguished by their competitive rates, terms, and the overall value they provide to their customers.

This selection process underscores the diversity and depth of options available within the state, catering to a wide range of financial goals and preferences.

The methodology behind selecting these banks involves a detailed examination of their annual percentage yields (APY), the flexibility of terms, minimum deposit requirements, and the financial stability of the institutions. This rigorous approach ensures that only the most favorable and reliable CD investment opportunities are highlighted.

Conclusion

When it comes to maximizing your savings through CDs in Oregon, the key lies in diligent research and a strategic approach. As economic conditions fluctuate, these opportunities might change, hence the importance of staying informed and ready to act when the time is right.

Ultimately, investing in CDs can be a wise decision for those looking to grow their savings with a measure of security and predictability, provided they choose the right institution and timing for their investment.

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