Deal Summary

Minimum deposits starting at $500, top APY of 1.05% with a higher minimum balance, a fair few banks offering a 0.75% top CD rate, terms between 60-days and 60-months

Columbus, Ohio’s Top CD Rates

CF Bank has one of the top CD rates in Columbus, Ohio. Currently if you buy a 12-month or 24-month CD you get an APY of between 0.75%-0.80%, which has a minimum deposit of $10,000. There are penalties for early withdrawals which could affect earnings. You get free online banking, free mobile banking, and periodic statements when you join this bank and purchase a CD.

United Midwest Savings Bank is another bank in Columbus, Ohio which offers competitive CD deals. To find out their current rates you have to call or visit a branch because they are not listed on the website. They advertise flexible terms with competitive interest rates. They should have a top APY of around 0.75%. Minimum deposits as low as $500 per tier.

Heartland Bank offers flexible terms and competitive rates. They also have a top APY of around 0.75% for longer terms. They have short term CD’s available as well. CD’s with higher deposits will yield a higher APY. For the top APY at this bank a minimum deposit of $5,000 is required.


To find out if you qualify for the CD rates at any of these Columbus, Ohio branches give them a call or visit a branch in person. Some banks now have a feature for applying for membership online. The first step to qualifying for the best CD rates is to become a member of the bank or credit union that has the best rates.

Top Banks in Columbus, Ohio

CF Bank, N.A., Belmont Savings Bank, The Peoples Savings and Loan Company, United Midwest Savings Bank, N.A., Heartland Bank, Farmers &  Merchants Bank, Beal Bank, SSB

Bank Overview

CF Bank is a commercial boutique bank which delivers high-quality personal and business financial products in Columbus. They are devoted to customer satisfaction. They were founded in 1892 and just recently converted from a Savings and Loan bank to a National Bank. They have statewide coverage including Columbus, Cincinnati, Cleveland, and Akron Ohio.

United Midwest Savings Bank is another good bank in Columbus for CD deals. They have strong leadership at this bank which are guiding the bank towards steady growth and community development. They are dedicated to diversity and are a part of a supplier diversity program which benefits diverse companies and small businesses throughout the community.

Heartland Bank is a central Ohio financial service provider with many branches in Columbus. They have some of the best CD rates in the area. They offer terms between 6-months and 5-years with competitive APY rates. There are 16 branch locations near or in Columbus, Ohio. You can conveniently apply for a CD online if you are a member. They also have mobile and online banking.