In Vermont, finding the best Certificate of Deposit (CD) rates can be a game changer. CD accounts offer a safe and predictable way to grow your money. Additionally, CDs are locked in at a fixed interest rate for a set period of time.

With options ranging from short-term investments to longer commitments, there’s a CD out there that’s perfectly tailored to your savings strategy and timeline.

Let’s dive into the world of CDs and uncover how Vermonters can take advantage of these opportunities to boost their savings in a low-risk environment.

Overall Best CD rates in Vermont

No.Name of the BankAPY %Term LengthAddress
1Members 1st Credit Union5.12%12-month44 River Street, Montpelier, VT 05602
2Lyndonville Savings Bank5.10%18-month30 Main St, Lyndonville, VT 05851
3Vermont VA Federal Credit Union5.10%24-month215 North Main St, Suite 110, White River Junction, VT 05009
4Bar Harbor Bank & Trust5.00%6-month91 Clinton St, Springfield, VT 05156
5Citizens Bank, National Association4.88%12-monthOnline
6First National Bank of Orwell4.75%12-month476 Main Street, Orwell, VT 05760
7PenFed Credit Union4.50%12-month7940 Jones Branch Drive, Tysons, VA 22102
8New England Federal Credit Union4.50%12-month141 Harvest Lane, Williston, VT 05495
9Vermont State Employees Credit Union4.50%12-month1 Bailey Avenue, Montpelier, VT 05602
10Wells River Savings Bank4.50%12-month51 Main Street, Wells River, VT 05081
11CFCU Community Credit Union4.45%6-month37 Creek Rd, Middlebury, VT 05753
12PenFed Credit Union4.30%18-month7940 Jones Branch Drive, Tysons, VA 22102
13Heritage Family Federal Credit Union4.20%12-month30 Allen Martin Drive, Essex Junction, VT 05452
14Green Mountain Credit Union4.05%12-month225 River St, Montpelier, VT 05602
15Randolph National Bank4.02%12-month21 N Main St, Randolph, VT 05060
16O.N.E. Federal Credit Union4.02%36-month204 Main St, Poultney, VT 05764
17River Valley Credit Union4.01%18-month1056 Hartford Ave, White River Junction, VT 05001
18St. Jean’s Credit Union4.01%12-month1187 Troy Schenectady Rd, Latham, NY 12110
19Green Mountain Credit Union4.00%18-month1 Bailey Avenue, Montpelier, VT 05602
20Chittenden Bank (now part of People’s United Bank)4.00%12-month111 Main St, Burlington, VT 05401
21St. Albans Cooperative Creamery Federal Credit Union4.00%12-month141 Harvest Ln, St Albans City, VT 05478
22Vermont State Employees Credit Union4.00%6-month1 Bailey Ave, Montpelier, VT 05602
23Ticonderoga Federal Credit Union4.00%12-month510 North Ave, Burlington, VT 05401
24Green Mountain Credit Union4.00%3-monthOnline
25Bank of Bennington3.93%12-month155 North Street, Bennington, VT 05201
26Brattleboro Savings & Loan3.93%24-month221 Main St, Brattleboro, VT 05301
27Wells River Savings Bank3.93%12-month32 Main St, Wells River, VT 05081
28Community Bank, N.A.3.93%12-month121 S Main St, Barre, VT 05641
29Franklin County Federal Credit Union3.93%18-month383 Swanton Rd, St Albans City, VT 05478
30Vermont Heritage Credit Union3.93%18-month185 Pearl St, Essex Junction, VT 05452
31Northern Lights Federal Credit Union3.93%24-month115 Woodstock Ave, Rutland, VT 05701
32Poultney-Granville Country Federal Credit Union3.93%3-monthOnline
33Passumpsic Savings Bank3.86%12-month497 Railroad St, St Johnsbury, VT 05819
34Bank of Burlington3.75%12-month1127 North Avenue, Burlington, VT 05408
35Green Mountain Credit Union3.50%12-month1 Bailey Avenue, Montpelier, VT 05602
36People’s Trust Company3.45%12-month2 So. Main St, Middlebury, VT 05753
37Champlain Valley Credit Union3.45%24-monthOnline
38First National Bank of Orwell3.00%18-month476 Main Street, Orwell, VT 05760
39Woodsville Guaranty Savings Bank3.00%6-month63 Central St, Woodsville, NH 03785
40Rutland County Credit Union3.00%24-month1 Scale Ave, Rutland, VT 05701
41Central Vermont Medical Center Employees Credit Union3.00%6-month1000 Shelburne Rd, South Burlington, VT 05403
42Vermont VA Federal Credit Union2.86%36-month130 Fisher Rd, Berlin, VT 05602
43Brattleboro Savings & Loan Association2.75%12-month221 Main Street, Brattleboro, VT 05301
44Vermont Federal Credit Union2.35%18-month84 Pine Street, Burlington, VT 05401
45Sunmark Federal Credit Union2.35%24-month1178 Nys Route 9N, Ticonderoga, NY 12883
46Vermont Federal Credit Union2.30%12-month84 Pine Street, Burlington, VT 05401
47Bennington E/E Federal Credit Union2.27%18-month175 North Street, Bennington, VT 05201
48White River Credit Union2.05%18-month35 Meridian St, Groton, CT 06340
49802 Credit Union2.00%12-month520 US Route 2 South, Alburgh, VT 05440
50River Valley Credit Union2.00%12-month820 US Route 5 North, Fairlee, VT 05045
51New England Teamsters Federal Credit Union2.00%24-month203 North St, Burlington, VT 05401
52Granite Hills Credit Union1.90%18-month328 North Main Street, Barre, VT 05641
53North Country Federal Credit Union1.90%18-month2600 Williston Road, South Burlington, VT 05403
54802 Credit Union1.60%18-month520 US Route 2 South, Alburgh, VT 05440
55Covered Bridge Credit Union1.60%18-month24 Oak Street, Windsor, VT 05089
56Vermont VA Federal Credit Union1.60%18-month1889 Shelburne Road, South Burlington, VT 05403
57Windsor County South Credit Union1.60%18-month50 Water Street, Springfield, VT 05156
58Bank of Burlington1.51%18-month1127 North Avenue, Burlington, VT 05408
59Northfield Savings Bank1.50%12-month33 South Main Street, Northfield, VT 05663
60First Brandon National Bank1.05%24-month53 Center St, Brandon, VT 05733
61Green Mountain Power Employees Credit Union1.00%24-month163 Acorn Ln, Colchester, VT 05446
62Vermont VA Federal Credit Union1.00%18-month1 Franklin Park W, St Albans City, VT 05478

Current CD Rates of Vermont

CD rates in Vermont reflect the broader interest rate environment. It is influenced by national economic policies and market conditions.

These rates are pivotal for investors, who are offering a risk-free method to earn interest on their deposits over a fixed period. They serve as an essential component of a diversified savings or investment portfolio, especially for those seeking to balance higher-yield opportunities with guaranteed returns.

Best 6-Month CD Rates

For short-term investors who are looking to earn a competitive yield without a long commitment, the best 6-month CD rates in the market are an ideal choice.

  1.  Bask Bank

Minimum Amount: $1000.00

APY / Rate: 4.45% APY

Pros:

  • FDIC approved Bank
  • Terms available from 6-24 months
  • Top-tier APY rate with secured return guaranteed
  • Customer-friendly terms

Rules:

  • New customers have to open an account with the bank before investing in Bask Bank’s CDs.
  • CDs can be opened at the bank as well as online
  • The minimum deposit amount of $1000 must be deposited to the account within 10 days of account opening
  • Early withdrawal is subject to a penalty.
  • Investors can withdraw the interest credited to the account without any penalty.
  • There is a 10 days grace period after maturity to make additional deposits to the CD.
  1. Sallie Mae Bank

Minimum Amount: $2500

APY / Rate: 3.75

Pros:

  • Guaranteed returns
  • FDIC insured
  • Auto renewal option available
  • High APY
  • No monthly fee

Rules:

  • Interest is calculated only when the minimum balance is maintained
  • A penalty will be charged on early withdrawal
  • Interest is compounded on a monthly basis
  1. Capital One

Minimum Amount: $0

APY Rate: 3.30% APY

Pros:

  • No market risk.
  • Easy to open.
  • FDIC insured investment
  • No minimum balance.

Rules:

  • CD rates are fixed upon opening the account.
  • interest that is accrued daily but paid and compounded monthly
  • Actual earnings may vary.

Best 2 Year CD Rates

2-year CD rates allow individuals to benefit from higher interest earnings than shorter-term CDs, locking in rates for a mid-range period. This term is suitable for those with a medium-term financial outlook.

  1. America’s First Credit Union

Minimum Amount: $500.00

APY / Rate: 4.75% APY

Pros:

  • Low minimum deposits and high yields
  • Automatic renewals
  • NCUA insured up to $250,000
  • Terms from three months to five years

Rules:

  • To open a CD with AFCU, you must deposit a minimum amount of money, which varies depending on the term length of the CD. For example, as of February 2023, the minimum deposit for a 6-month CD is $500, while the minimum deposit for a 60-month CD is $1,000.
  • AFCU offers CDs with terms ranging from 6 months to 60 months. The longer the term, the higher the interest rate you’ll earn on your deposit.
  • AFCU offers competitive interest rates on its CDs, with rates varying depending on the term length and the amount of the deposit. Interest is compounded and paid monthly, and the rate is fixed for the term of the CD.
  • If you withdraw money from your CD before the maturity date, you’ll be subject to an early withdrawal penalty, which varies depending on the term length of the CD. For example, as of February 2023, the penalty for withdrawing money from a 60-month CD before maturity is 365 days of interest.
  • Unless you specify otherwise, your CD will automatically renew at maturity for another term of the same length. You’ll have a 10-day grace period after maturity to withdraw the funds without penalty.
  • FDIC insurance: AFCU is a federally insured credit union, which means that your deposits are insured
  1. Popular Direct

Minimum Amount: $10000.00

APY / Rate: 4.60% APY

Pros:

  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD
  1. 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

Best 3 Year CD Rates

The best 3-year CD rates option is attractive for individuals planning for mid-term financial goals, as it is offering a stable and secure investment.

  1. Alliant Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.60% APY

Pros:

  • Funds are insured up to $250,000 by NCUA
  • Low minimum deposit of only $1,000; no maximum
  • Great dividend rates

Rules:

  • Dividends compounded every month and at maturity.
  • Incur an early withdrawal penalty
  1. 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
  1. First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.44% APY

Pros:

  • Online-only CD options are available
  • Highly competitive CD rates in a 1-year term
  • Early withdrawal penalties are decent
  • FDIC insured bank with investment covered to the max
  • Terms ranging from 3 months to 5 years

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 5 Year CD Rates

For the highest interest rates in the CD market, the 5-year CD rates are perfect for individuals with a long-term savings plan; it provides substantial interest growth over time with the safety of FDIC insurance.

  1.  Popular Direct

Minimum Amount: $10000.00

APY / Rate: 4.55% APY

Pros:

  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD
  1. CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 4.50% APY

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.
  1. First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.39% APY

Pros:

  • Online-only CD options are available
  • Highly competitive CD rates in a 1-year term
  • Early withdrawal penalties are decent
  • FDIC insured bank with investment covered to the max
  • Terms ranging from 3 months to 5 years

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

Vermont Economic Statistics

Vermont is known for its picturesque landscapes and robust small-town charm. It also presents a unique financial landscape for investors. As of most recent information, Vermont’s economic statistics offer a comprehensive view into the state’s financial health and opportunities.

  • With an average household income of approximately $72,190, Vermonters have a solid foundation for personal savings and investment decisions, including exploring the best CD rates available in the state.
  • Moreover, the average home value in Vermont stands at about $375,726, reflecting a stable real estate market that could influence investment strategies, particularly in real estate and related savings instruments.
  • Furthermore, with a population nearing 643,077, the state’s demographic dynamics play a crucial role in shaping the local economy and, by extension, the savings and investment options available, including CD rates that are competitive and appealing to both short-term and long-term savers.
Economic IndicatorStatistic
Average Household Income$72,190
Average Home Value$375,726
Population643,077

How to Get Best CD Rates in Vermont

To secure the best CD rates in Vermont, a strategic approach involves conducting thorough comparison across various financial institutions.

  • Begin by reviewing CD rates from a broad spectrum of banks and credit unions, including both local and national options.
  • Consider factors beyond just the interest rate, such as the term length, minimum deposit requirements, and early withdrawal penalties.
  • Engaging with online financial comparison tools can streamline this process, providing a comprehensive view of the rates available.
  • Additionally, leverage any existing banking relationships, as some institutions offer better rates to current customers.
  • It is also wise to stay informed about general economic trends, as CD rates are influenced by the overall interest rate environment set by the Federal Reserve.

CD Rates Methodology

Our methodology for identifying the best CD rates in Vermont involved an exhaustive review of CD rates from over 80 banks, including a mix of large national banks, regional banks, and local credit unions.

The focus was not just on the highest rates but also on accessibility, terms, and conditions that meet the needs of a broad range of savers.

 Out of these, 62 institutions made our list, distinguished by their competitive rates, flexible terms, and the overall value they offer to savers. This selection process ensures that our recommendations cater to a variety of financial goals, from short-term saving to long-term investment strategies.

Conclusion

In conclusion, by considering a diverse range of institutions and their offerings, savers can identify options that not only provide competitive returns but also align with their individual savings strategies. In an ever-changing financial landscape, staying informed and adaptable is the ultimate key to maximizing the potential of CD investments.

FAQs

Who has the best CD rates in Vermont?

Lyndonville Savings Bank offers a considerable 18-month CD with a 5.10% APY.

What Credit Union has the Best CD rates in Vermont?

Members 1st Credit Union provides a 12-month CD with a 5.12% APY, suggesting they offer competitive CD rates in Vermont.