Best CD Rates in Vermont

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 Bank	APY %	Term Length	Address
1	Members 1st Credit Union	5.12%	12-month	44 River Street, Montpelier, VT 05602
2	Lyndonville Savings Bank	5.10%	18-month	30 Main St, Lyndonville, VT 05851
3	Vermont VA Federal Credit Union	5.10%	24-month	215 North Main St, Suite 110, White River Junction, VT 05009
4	Bar Harbor Bank & Trust	5.00%	6-month	91 Clinton St, Springfield, VT 05156
5	Citizens Bank, National Association	4.88%	12-month	Online
6	First National Bank of Orwell	4.75%	12-month	476 Main Street, Orwell, VT 05760
7	PenFed Credit Union	4.50%	12-month	7940 Jones Branch Drive, Tysons, VA 22102
8	New England Federal Credit Union	4.50%	12-month	141 Harvest Lane, Williston, VT 05495
9	Vermont State Employees Credit Union	4.50%	12-month	1 Bailey Avenue, Montpelier, VT 05602
10	Wells River Savings Bank	4.50%	12-month	51 Main Street, Wells River, VT 05081
11	CFCU Community Credit Union	4.45%	6-month	37 Creek Rd, Middlebury, VT 05753
12	PenFed Credit Union	4.30%	18-month	7940 Jones Branch Drive, Tysons, VA 22102
13	Heritage Family Federal Credit Union	4.20%	12-month	30 Allen Martin Drive, Essex Junction, VT 05452
14	Green Mountain Credit Union	4.05%	12-month	225 River St, Montpelier, VT 05602
15	Randolph National Bank	4.02%	12-month	21 N Main St, Randolph, VT 05060
16	O.N.E. Federal Credit Union	4.02%	36-month	204 Main St, Poultney, VT 05764
17	River Valley Credit Union	4.01%	18-month	1056 Hartford Ave, White River Junction, VT 05001
18	St. Jean’s Credit Union	4.01%	12-month	1187 Troy Schenectady Rd, Latham, NY 12110
19	Green Mountain Credit Union	4.00%	18-month	1 Bailey Avenue, Montpelier, VT 05602
20	Chittenden Bank (now part of People’s United Bank)	4.00%	12-month	111 Main St, Burlington, VT 05401
21	St. Albans Cooperative Creamery Federal Credit Union	4.00%	12-month	141 Harvest Ln, St Albans City, VT 05478
22	Vermont State Employees Credit Union	4.00%	6-month	1 Bailey Ave, Montpelier, VT 05602
23	Ticonderoga Federal Credit Union	4.00%	12-month	510 North Ave, Burlington, VT 05401
24	Green Mountain Credit Union	4.00%	3-month	Online
25	Bank of Bennington	3.93%	12-month	155 North Street, Bennington, VT 05201
26	Brattleboro Savings & Loan	3.93%	24-month	221 Main St, Brattleboro, VT 05301
27	Wells River Savings Bank	3.93%	12-month	32 Main St, Wells River, VT 05081
28	Community Bank, N.A.	3.93%	12-month	121 S Main St, Barre, VT 05641
29	Franklin County Federal Credit Union	3.93%	18-month	383 Swanton Rd, St Albans City, VT 05478
30	Vermont Heritage Credit Union	3.93%	18-month	185 Pearl St, Essex Junction, VT 05452
31	Northern Lights Federal Credit Union	3.93%	24-month	115 Woodstock Ave, Rutland, VT 05701
32	Poultney-Granville Country Federal Credit Union	3.93%	3-month	Online
33	Passumpsic Savings Bank	3.86%	12-month	497 Railroad St, St Johnsbury, VT 05819
34	Bank of Burlington	3.75%	12-month	1127 North Avenue, Burlington, VT 05408
35	Green Mountain Credit Union	3.50%	12-month	1 Bailey Avenue, Montpelier, VT 05602
36	People’s Trust Company	3.45%	12-month	2 So. Main St, Middlebury, VT 05753
37	Champlain Valley Credit Union	3.45%	24-month	Online
38	First National Bank of Orwell	3.00%	18-month	476 Main Street, Orwell, VT 05760
39	Woodsville Guaranty Savings Bank	3.00%	6-month	63 Central St, Woodsville, NH 03785
40	Rutland County Credit Union	3.00%	24-month	1 Scale Ave, Rutland, VT 05701
41	Central Vermont Medical Center Employees Credit Union	3.00%	6-month	1000 Shelburne Rd, South Burlington, VT 05403
42	Vermont VA Federal Credit Union	2.86%	36-month	130 Fisher Rd, Berlin, VT 05602
43	Brattleboro Savings & Loan Association	2.75%	12-month	221 Main Street, Brattleboro, VT 05301
44	Vermont Federal Credit Union	2.35%	18-month	84 Pine Street, Burlington, VT 05401
45	Sunmark Federal Credit Union	2.35%	24-month	1178 Nys Route 9N, Ticonderoga, NY 12883
46	Vermont Federal Credit Union	2.30%	12-month	84 Pine Street, Burlington, VT 05401
47	Bennington E/E Federal Credit Union	2.27%	18-month	175 North Street, Bennington, VT 05201
48	White River Credit Union	2.05%	18-month	35 Meridian St, Groton, CT 06340
49	802 Credit Union	2.00%	12-month	520 US Route 2 South, Alburgh, VT 05440
50	River Valley Credit Union	2.00%	12-month	820 US Route 5 North, Fairlee, VT 05045
51	New England Teamsters Federal Credit Union	2.00%	24-month	203 North St, Burlington, VT 05401
52	Granite Hills Credit Union	1.90%	18-month	328 North Main Street, Barre, VT 05641
53	North Country Federal Credit Union	1.90%	18-month	2600 Williston Road, South Burlington, VT 05403
54	802 Credit Union	1.60%	18-month	520 US Route 2 South, Alburgh, VT 05440
55	Covered Bridge Credit Union	1.60%	18-month	24 Oak Street, Windsor, VT 05089
56	Vermont VA Federal Credit Union	1.60%	18-month	1889 Shelburne Road, South Burlington, VT 05403
57	Windsor County South Credit Union	1.60%	18-month	50 Water Street, Springfield, VT 05156
58	Bank of Burlington	1.51%	18-month	1127 North Avenue, Burlington, VT 05408
59	Northfield Savings Bank	1.50%	12-month	33 South Main Street, Northfield, VT 05663
60	First Brandon National Bank	1.05%	24-month	53 Center St, Brandon, VT 05733
61	Green Mountain Power Employees Credit Union	1.00%	24-month	163 Acorn Ln, Colchester, VT 05446
62	Vermont VA Federal Credit Union	1.00%	18-month	1 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.

2. 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

3. 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

2. 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

3. 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

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 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

2. 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.

3. 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 Indicator	Statistic
Average Household Income	$72,190
Average Home Value	$375,726
Population	643,077

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.

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