Highest CD Rates in Ohio- November 12, 2010
When choosing the best certificate of deposit account, the interest rate is the prime factor for consideration. Depending on whether you want a short-term six month CD, or a longer investment period of one or two years in order to earn a higher rate, the interest rate will vary by location and bank. In 0rder to make the best investment it is crucial to find an account with the highest CD rate.
Typical CD Rates in Ohio
Knowing the average CD rate in your state will help you understand the realistic range of interest rates you’re likely to find, as well as pinpoint the truly outstanding offers. Right now, the average 6-month CD rate in Ohio is 0.66% APY, while the average 12-month CD interest rate is 0.92% APY and two year CDs come in at 1.35% APY. There are plenty of banks and credit unions in Ohio that beat these rates, however–you just have to know where to find them.
Banks and Credit Unions with the Best Ohio CD Rates
The following are the OH banks and credit unions that offer CD rates well above the state average: Highest 2 year CD rate in OH
- The Lorain National Bank at 1.80% APY
Best 1 year CD rate in OH
- General Electric Credit Union at 1.36% APY
Top 6 month CD rate in OH
- The Peoples National Bank of Mount Pleasant at 1.11% APY
If you would like to open a CD account with one of the above banks, view the directory of Ohio banks for contact information so you can begin growing your savings today.
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.