Best CD Rates in Portland, Oregon
Vikram Singh
Best 6-month CD Rates

Bank or Credit Union Name: Merrick Bank
Minimum Amount: $25000
APY / Rate: 4.40%
Pros:
- High interest rate on CDs
- FDIC-insured investment up to maximum
- Easy access to the account round the clock
- Excellent customer support
Rules:
- A CD can be in the name of one person, or joint accounts in the names of more than one person, or payable on death.
- A Truth-in-Savings disclosure holds detailed information about the CD and is shared with the customer once the CD is registered
- Interest is compounded and credited to the account monthly.
- Premature withdrawal of the principal is charged with a penalty amount.

Bank or Credit Union Name: Department Of Commerce Federal Credit Union
Minimum Amount: $500
APY / Rate: 4.09%
Pros:
- NCUA insured investment
- No monthly service fees
- Relationship reward benefits of up to an additional 0.25% APY
- additional 0.10% APY on opening an account with a $25000 initial deposit
Rules:
- The dividends can be added to the CD or transferred to a savings or checking account.
- The credit union offers an additional.25% APY under the Relationship reward benefits program to customers with Gold, Silver, or Bronze status
- There is a grace period of 10 days on maturity that allows customers to add more funds or change the term of the CD.

Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000
APY / Rate: 4.07%
Pros:
- Deals in online CD options exclusively
- Best CD rates for 6-month CD term
- Low early withdrawal penalty
- FDIC-insured
Rules:
- Interest on CDs is compounded monthly and added to the account at the month’s end.
- Early withdrawal incurs a penalty amounting to:
- 1- 90 days interest for a 3-month term
- 2- 180 days interest for a 6-18 month term 3- 365 days interest for 24-60 month term
Best 12-month CD Rates

Bank or Credit Union Name: Capital One
Minimum Amount: $0
APY / Rate: 4.00%
Pros:
- No minimum balance required
- Interest is paid end of the term, monthly,, or annually
- 5-minutes easy account opening process
- FDIC-insured investment options
Rules:
- A CD account can be opened online by accessing the website if you are already a member of Capital One bank.
- Interest is accrued daily but paid and compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.

Bank or Credit Union Name: BMO Harris
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- Competitive CD rates
- Decent minimum balance requirement
- Easy CD withdrawal methods
- 3-months to 60-month term available
Rules:
- A CD can be opened via mobile, online,, or telephone.
- The interest on the CD is compounded monthly and added to the account on a fixed date every month.
- There is a penalty for early withdrawal which depends on the term and amount of the CD.
- Any changes to the CD regarding the amount or term can be made within the grace period of penalty days post maturity.

Bank or Credit Union Name: CFG Community Bank
Minimum Amount: $500
APY / Rate: 4.62%
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
- The interest on the CD is compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.
Best 2-Year CD Rates

Bank or Credit Union Name: HSBC Direct
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- 6-months, 12-month & 24-month CD options are available
- High APY on 2-year CDs
- Daily interest rates
- Easy online management
- $0 Liability Online, Guarantee
Rules:
- Customers can apply for CVD online or at the branch.
- As soon as the account is opened and funded, it starts earning interest.
- Interest is compounded daily and credited to the account at the month’s end.
- CD can be renewed by calling the bank during the grace period.
- Early withdrawal penalties for premature withdrawal from the account.

Bank or Credit Union Name: CIT Bank
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- Competitive CD rates and terms
- Different types of CDs; Term CDs, No-penalty 11-month CDs, Jumbo CDs, RampUp CDs
- FDIC-insured investment to the max
Rules:
- Open an account online or by reaching to the nearest branch.
- Fund the account with $1000 and wait for confirmation from the bank.
- Once confirmed, the CD starts earning interest on a daily compounding basis
- Early withdrawal of the principal amount will be charged with a penalty and will reduce the earnings.

Bank or Credit Union Name: Pentagon Federal Credit Union
Minimum Amount: $1000
APY / Rate: 4.35%
Pros:
- High APY ensures great returns
- Option to renew or close at maturity
- Tax-free earnings
- NCUA insured
Rules:
- All certificates earn interest on a daily compounding basis.
- The earned interest is credited to the account every month.
- Investors can choose to:
- 1-Add dividends to the certificate.
- 2- Transfer dividends to the account
- 3- Get a check with dividend amount
- Early withdrawal is subject to a penalty.
Best 3-Year CD Rates

Bank or Credit Union Name: Popular Direct
Minimum Amount: $10000
APY / Rate: 4.55%
Pros:
- High fixed interest rates
- CD calculator to compare CDs
- 24/7 access to the account via desktop, mobile,, or tablet
- Round-the-clock customer support
Rules:
- Choose the term for CD and apply online or at the branch
- Interest is compounded monthly and credited to the account at month’s end
- APY is earned when the principal and interest remain on deposit until maturity.
- A penalty is charged for any type of premature withdrawal.

Bank or Credit Union Name: Alliant Credit Union
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- Highly competitive CD rates
- No cap on the maximum deposit
- Variety of terms available; 12 months to 60 months
- NCUA insurance up to $250,000
Rules:
- Log in to the website or reach the branch to open a CD account.
- Dividends are posted to the account monthly, on the last day of the month,, and at maturity.
- If you have to withdraw funds early, there is a premature withdrawal penalty to pay.
- The premature penalty gets scrapped if you opt for the dividend withdrawal option.

Bank or Credit Union Name: Prime Alliance Bank
Minimum Amount: $500
APY / Rate: 4.50%
Pros:
- Competitive APY and interest rates
- 24/7 customer support
- FDIC insured
- Competitive Interest rates
Rules:
- Interest is compounded monthly and credited to the account at month’s end.
- A penalty is charged on withdrawing the amount before maturity.
- CD gets auto renewed. To make any changes to the term or add more funds, there is a 10-days grace period on maturity.
Best 5-Year CD Rates

Bank or Credit Union Name: Bread Savings
Minimum Amount: $1500
APY / Rate: 4.75%
Pros:
- Top-tier interest rates across nation
- Hassle-free and less time consuming account opening
- High deposit limits per account and per customer
- FDIC-insured
Rules:
- The interest is compounded daily and credited to the account monthly.
- A notice is sent to the investor when the CD matures.
- There is a 10 days of grace period post maturity when customers can add more money or change the terms of the CD.
- CD gets auto-renewed if not consumed.

Bank or Credit Union Name: Sallie Mae Bank
Minimum Amount: $1000
APY / Rate: 4.55%
Pros:
- 12-month to 60-month CD terms
- Automatic renewal option
- FDIC insured banking
- No monthly charge or maintenance fees
Rules:
- The minimum amount for a 5-year CD is $1000.
- Interest can be disbursed monthly, quarterly, yearly, or at maturity.
- Premature withdrawal is penalized with penalty amount:
- 90 days of interest for CDs with a term less than 12 months
- 180 days of interest for CDs with terms more than 12 months
- CD gets auto renewed at maturity or customer can add more amount or alter the term during grace period.

Bank or Credit Union Name: BMO Harris
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- Best CD rates nationwide
- Low minimum balance requirement
- Choices of CD withdrawal methods
- 3-months to 60-month term options
Rules:
- A CD can be opened via mobile, online,, or telephone.
- The interest on the CD is compounded monthly and added to the account on a fixed date every month.
- There is a penalty for early withdrawal that depends on the term and amount of the CD.
- Any changes to the CD regarding the amount or term can be made within the grace period of penalty days post maturity.