Best CD Rates in Wisconsin

For navigating the landscape of personal finance in Wisconsin, savers are constantly on the lookout for the best returns on their hard-earned money.

CD (Certificate of Deposit) rates in Wisconsin have become a quest for both the cautious saver and the ambitious investor. With the fluctuating economic environment, Wisconsin’s financial institutions offer a beacon of stability.

It promises attractive yields for those willing to lock away their funds for set periods. Let’s explore accessing the best CD rates in this state that can be a game changer in maximizing your financial health and growth.

Overall Best CD rates in Wisconsin

No.	Name of the Bank	APY %	Term Length	Address
1	Dairyland State Bank	5.50%	6-month	716 Superior Avenue, Tomah, WI 54660
2	Hayward Community Credit Union	5.50%	6-month	12805 North US Highway 63, Hayward, WI 54843
3	Superior Choice Credit Union	5.50%	6-month	2817 Tower Avenue, Superior, WI 54880
4	Firefighters Credit Union	5.27%	6-month	2929 South 13th Street, Milwaukee, WI 53215
5	River Valley Bank	5.10%	6-month	327 North 17th Avenue, Wausau, WI 54401
6	River Falls State Bank	5.04%	6-month	124 South 2nd Street, River Falls, WI 54022
7	State Bank of Cross Plains	5.04%	7-month	1205 Main Street, Cross Plains, WI 53528
8	Blackhawk Community Credit Union	5.01%	6-month	2707 Kennedy Road, Janesville, WI 53545
9	County-City Credit Union	5.00%	6-month	106 South Harman Street, Appleton, WI 54915
10	Landmark Credit Union	5.00%	12-month	5656 Monona Drive, Monona, WI 53716
11	Landmark Credit Union	5.00%	12-month	5445 South Westridge Drive, New Berlin, WI 53151
12	Northern Trust Company	4.90%	12-month	411 East Wisconsin Avenue, Milwaukee, WI 53202
13	Landmark Credit Union	4.60%	18-month	5656 Monona Drive, Monona, WI 53716
14	Seaway Bank and Trust Company	4.60%	12-month	Online
15	Self-Help Federal Credit Union	4.60%	12-month	210 East Capitol Drive, Milwaukee, WI 53212
16	WESTconsin Credit Union	4.54%	6-month	1601 Maxwell Drive, Hudson, WI 54016
17	PenFed Credit Union	4.50%	12-month	2909 East Washington Avenue, Madison, WI 53704
18	PenFed Credit Union	4.50%	12-month	1555 North Rivercenter Drive, Suite 302, Milwaukee, WI 53212
19	Post Office Credit Union	4.41%	12-month	222 West Washington Avenue, Madison, WI 53703
20	First Business Bank	4.35%	12-month	401 Charmany Drive, Madison, WI 53719
21	River Valley Bank	4.32%	18-month	Online
22	Northwestern Mutual Credit Union	4.25%	12-month	720 East Wisconsin Avenue, Milwaukee, WI 53202
23	Post Office Credit Union	4.22%	18-month	222 West Washington Avenue, Madison, WI 53703
24	First Business Bank	4.14%	18-month	401 Charmany Drive, Madison, WI 53719
25	Johnson Bank	3.90%	18-month	525 Junction Road, Madison, WI 53717
26	Madison Credit Union	3.55%	12-month	949 East Washington Avenue, Madison, WI 53703
27	First Bank Financial Centre	3.55%	12-month	500 West Brown Deer Road, Milwaukee, WI 53217
28	Wisconsin Bank & Trust	3.47%	18-month	119 Junction Road, Madison, WI 53717
29	Union Federal Savings and Loan Association	3.06%	18-month	401 North Segoe Road, Madison, WI 53705
30	PenFed Credit Union	3.00%	6-month	N96W18221 County Line Road, Menomonee Falls, WI 53051
31	Post Office Credit Union	3.00%	6-month	221 West Philadelphia Street, York, PA 17401
32	Johnson Bank	3.00%	12-month	525 Junction Road, Madison, WI 53717
33	Union Federal Savings and Loan Association	3.00%	12-month	401 North Segoe Road, Madison, WI 53705
34	Johnson Bank	3.00%	12-month	735 West Wisconsin Avenue, Milwaukee, WI 53233
35	PrivateBank and Trust Company	3.00%	12-month	770 North Water Street, Milwaukee, WI 53202
36	Monona State Bank	2.65%	12-month	5515 Monona Drive, Monona, WI 53716
37	Monona State Bank	2.65%	18-month	5515 Monona Drive, Monona, WI 53716
38	State Bank of Cross Plains	2.65%	18-month	1205 Main Street, Cross Plains, WI 53528
39	Fond Du Lac Credit Union	2.52%	6-month	91 North Pioneer Road, Fond du Lac, WI 54935
40	Wells Fargo Bank, National Association	2.50%	6-month	420 Montgomery Street, San Francisco, CA 94104
41	Associated Bank, National Association	2.48%	6-month	200 North Adams Street, Green Bay, WI 54301
42	FirstMerit Bank, National Association	2.48%	6-month	333 South 6th Street, Milwaukee, WI 53202
43	State Bank of Cross Plains	2.45%	6-month	1205 Main Street, Cross Plains, WI 53528
44	Educators Credit Union	2.25%	12-month	4060 North Port Washington Road, Milwaukee, WI 53212
45	Associated Bank, National Association	2.23%	12-month	20 West Mifflin Street, Madison, WI 53703
46	Associated Bank, National Association	2.23%	12-month	330 East Kilbourn Avenue, Milwaukee, WI 53202
47	Aurora Credit Union	2.23%	12-month	1025 North Broadway, Milwaukee, WI 53202
48	Bank Mutual	2.23%	12-month	4949 West Brown Deer Road, Milwaukee, WI 53223
49	Madison Credit Union	2.12%	18-month	949 East Washington Avenue, Madison, WI 53703
50	University of Wisconsin Credit Union	2.10%	18-month	3500 University Avenue, Madison, WI 53705
51	Wisconsin Bank & Trust	2.09%	12-month	119 Junction Road, Madison, WI 53717
52	Our Lady of Good Hope Credit Union	2.05%	12-month	7152 North 76th Street, Milwaukee, WI 53223
53	Calumet County Bank	2.00%	6-month	206 North Main Street, Brillion, WI 54110
54	CO-OP Credit Union	2.00%	6-month	1100 3rd Street South, Menomonie, WI 54751
55	First National Community Bank	2.00%	6-month	215 West Main Street, New Richmond, WI 54017
56	State Bank of Chilton	2.00%	6-month	26 East Main Street, Chilton, WI 53014
57	Great Midwest Bank, SSB	2.00%	12-month	2750 North Grandview Boulevard, Pewaukee, WI 53072
58	Heritage Credit Union	2.00%	12-month	3701 Marsh Road, Madison, WI 53718
59	University of Wisconsin Credit Union	2.00%	12-month	3500 University Avenue, Madison, WI 53705
60	Prime Financial Credit Union	2.00%	12-month	5656 South Packard Avenue, Cudahy, WI 53110
61	Tri City National Bank	2.00%	12-month	3701 South 27th Street, Milwaukee, WI 53221
62	University of Wisconsin Credit Union	2.00%	12-month	231 West Michigan Street, Milwaukee, WI 53203
63	Wells Fargo Bank, National Association	2.00%	12-month	650 East Wisconsin Avenue, Milwaukee, WI 53202
64	Brewery Credit Union	1.85%	12-month	1351 North Doctor Martin Luther King Jr. Drive, Milwaukee, WI 53212

Current CD Rates of Wisconsin

The current landscape of Certificate of Deposit (CD) rates showcases a range of offerings that cater to diverse financial goals and time horizons.

Investors have the flexibility to choose CDs based on the best available rates and terms that align with their investment strategies. Local financial institutions in Wisconsin present CD rates that vary widely, reflecting differences in term lengths and minimum deposit requirements.

These rates highlight the importance of shopping around for the best CD terms to suit individual financial needs. It emphasizes the significance of such investments in a well-rounded savings strategy.

Best 6 Month CD Rates

6-month CD rates offer a perfect entry point. These short-term instruments provide a safe place for savings while still offering competitive returns compared to standard savings accounts.

1. First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.39% APY

Pros:

• Only $1,000 minimum balance to open
• Interest is compounded daily and credited monthly
• Rates are locked for the term chosen and cannot go down

Rules:

• In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
• The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
• The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
• If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
• You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.

2. Vio bank

Minimum Amount: $500.00

APY / Rate: 4.25% APY

Pros:

• Your money is FDIC insured up to $250,0003
• Terms ranging from 6 months to 10 years, and only $500 minimum to open
• We regularly monitor the competition to ensure our rates are some of the best in the nation.

Best 1 Year CD Rates

The best 1-year CD rates bridge the gap for investors who are seeking better returns without locking away their money for an extended period.

1. CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 5.15% 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.

2. Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.50% 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.

Best 3 Year CD Rates

3-year CD rates present an attractive investment opportunity. These rates typically exceed those offered by shorter-term CDs, providing a more substantial return for savers ready to part with their cash for an intermediate period.

1. First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.44% APY

Pros:

• Only $1,000 minimum balance to open
• Interest is compounded daily and credited monthly
• Rates are locked for the term chosen and cannot go down

Rules:

• In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
• The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
• The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
• If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
• You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.

2. Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.00% 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.

Best 5 Year CD Rates

5-year CD rates are tailored for the most patient of savers. It offers the highest interest rates among standard CD terms.

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.

2. First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.39% APY

Pros:

• Only $1,000 minimum balance to open
• Interest is compounded daily and credited monthly
• Rates are locked for the term chosen and cannot go down

Rules:

•  In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
• The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
• The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
• If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
• You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.

Wisconsin Economic Statistics

The economic data, including employment and housing values, sets a backdrop for investors looking into CD rates in Wisconsin, where financial decisions can be informed by broader economic health and prospects​.

• In Wisconsin, the population stands at approximately 5.91 million, showcasing a slight growth of 0.3% from April 2020. 
• This demographic foundation supports a diverse economic structure. The median value of owner-occupied housing units is estimated at $231,400, indicating a relatively affordable housing market for potential investors and residents alike.
• With a median household income of $74,895, Wisconsin presents a balanced economic environment for savers and investors, reflecting a solid middle-class base.

Statistic	Wisconsin
Population	5,910,955​​
Median Household Income	$74,895
Median Value of Owner-Occupied Housing Units	$231,400​​

How to Get Best CD Rates in Wisconsin?

To secure the best CD rates in Wisconsin, savers and investors should adopt a strategic approach that encompasses a comprehensive review of the available options, weighing factors such as term lengths, interest rates, and the financial stability of issuing institutions.

• Initiating with an extensive survey of local and national banks, as well as credit unions, offers a broad spectrum of potential rates.
• Specifically, considering institutions that specialize in high-yield CDs can be particularly fruitful.
• Additionally, leveraging online platforms that aggregate financial data can streamline the process, providing quick access to comparative rates across various institutions.

CD Rates Methodology

In evaluating the best CD rates in Wisconsin, a methodology that reviews a substantial number of banks provides a solid foundation for analysis.

For instance, assessing the CD rates from 93 different banks allows for a comprehensive understanding of the market landscape.

From this spectrum, narrowing down to 64 banks that offer the most competitive rates ensures that the recommendations are based on institutions providing above-average returns. This methodology underscores the importance of extensive market research, ensuring that savers are presented with the most attractive investment opportunities.

Conclusion

This process underscores the value of thorough market research and comparison, it empowers savers to make decisions that align with their financial goals and timelines. It is imperative for savers to remain updated on market trends and to periodically reassess their CD investments to ensure they are always capitalizing on the best available rates.

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