Here Are the Highest CD Rates in Every State

CD rates vary a lot, so make sure you get the best available.

In December 2015, the Federal Reserve raised rates for the first time since June 2006. Since then, the Fed has continued to slowly raise rates — and each bump boosts interest rates banks pay on certificates of deposit.

A CD is a low-risk bank deposit that typically offers a better interest rate than a regular savings account. The only catch is that you can’t withdraw money from your CD until it has reached its maturity date.

GOBankingRates surveyed the highest certificate of deposit rates in each state for six-month, one-year and two-year rates to make it easy for you to compare CD rates. Here are the best CD rates available in each state — use this data to make an informed decision before you invest in a CD account.

Here Are the Highest CD Rates in Every State
StateInstitution6-Month CD (APY)Institution1-Year CD (APY)Institution2-Year CD (APY)
AlabamaAloStar Bank of Commerce0.97%Azalea City Credit Union1.50%Azalea City Credit Union1.60%
AlaskaAdvancial Credit Union1.52%Advancial Credit Union1.66%Advancial Credit Union1.84%
ArizonaGold Water Bank1.05%KS StateBank1.70%KS StateBank1.88%
ArkansasMil-Way Federal Credit Union1.05%Mil-Way Federal Credit Union1.30%Chartway Federal Credit Union1.60%
CaliforniaInland Valley Credit Union1.41%F & A Federal Credit Union1.56%F & A Federal Credit Union1.82%
ColoradoBankers Bank of the West1.45%Bankers Bank of the West1.67%Bankers Bank of the West1.86%
ConnecticutSuma Yonkers Credit Union1.26%Peoples United Bank1.40%Usalliance Federal Credit Union1.87%
DelawareDiscover Bank0.65%Discover Bank1.35%Discover Bank1.50%
District of ColumbiaDepartment Of Commerce Credit Union0.88%Pentagon Federal Credit Union2.50%Pentagon Federal Credit Union2.70%
FloridaPacific National Bank1.25%BAC Florida Bank2.15%Popular Direct1.85%
GeorgiaFlowers Employees Credit League Credit Union1.15%First Commerce Credit Union FL1.50%Flowers Employees Credit League Credit Union1.75%
HawaiiCatalyst Corporate Federal Credit Union1.10%Pentagon Federal Credit Union2.50%Catalyst Corporate Federal Credit Union1.74%
IdahoPine Tree Community Credit Union0.90%Potlatch No 1 Credit Union1.61%Potlatch No 1 Credit Union1.86%
IllinoisState Bank of India – Chicago1.26%Mutual Federal Bank1.71%Mutual Federal Bank1.77%
IndianaFirst Internet Bank of Indiana1.35%First Internet Bank of Indiana1.62%First Internet Bank of Indiana1.81%
IowaState Savings Bank1.05%First State Bank Stuart IA1.40%Bellevue State Bank1.66%
KansasThe First National Bank of Hope0.85%KS StateBank1.55%KS StateBank1.78%
KentuckyGeneral Electric Credit Union0.85%General Electric Credit Union1.20%Eclipse Bank1.50%
LouisianaAdvancial Credit Union1.52%Advancial Credit Union1.66%Advancial Credit Union1.84%
MaineAble Banking1.05%Able Banking1.40%Rockland Savings Bank1.53%
MarylandSECU Credit Union1.00%Pentagon Federal Credit Union2.50%Pentagon Federal Credit Union2.70%
MassachusettsFidelity Personal Trust Company1.30%New England Teamsters Federal Credit Union1.51%Northern Bank & Trust Company1.80%
MichiganCrestmark Bank1.50%Northpointe Bank1.50%Christian Financial Credit Union1.75%
MinnesotaAmeriprise Bank, FSB1.20%Riverland Bank1.50%Riverland Bank1.65%
MississippiChevron Federal Credit Union1.05%Chevron Federal Credit Union1.25%Ferguson Federal Credit Union2.00%
MissouriFirst Bank of the Lake1.00%TIAA Direct1.62%Tiaa Direct1.80%
MontanaFirst State Bank of Shelby0.70%Daniels Sheridan Federal Credit Union1.05%Daniels Sheridan Federal Credit Union1.36%
NebraskaPentagon Federal Credit Union2.40%Nebraska Energy Credit Union1.45%Nebraska Energy Credit Union1.65%
NevadaPahranagat Valley Federal Credit Union1.05%America First Credit Union1.25%Navy Federal Credit Union1.55%
New HampshireTriangle Credit Union0.65%Connexus Credit Union1.40%Merrimack Valley Federal Credit Union1.80%
New JerseyUkrainian Selfreliance Federal Credit Union1.25%Ukrainian Selfreliance Federal Credit Union1.51%1st Colonial Community Bank1.75%
New MexicoNavy Federal Credit Union0.80%BBVA Bank1.40%Navy Federal Credit Union1.55%
New YorkNational Bank of New York City1.25%State Bank of India – Chicago1.61%Greater Hudson Bank2.00%
North CarolinaLive Oak Bank1.25%Live Oak Bank1.40%Latino Community Credit Union1.90%
North DakotaFirst Western Bank & Trust1.05%Peoples State Bank of Velva1.05%Peoples State Bank of Velva1.20%
OhioWright-Patt Credit Union1.28%Bayer Heritage Federal Credit Union1.26%Geauga Savings Bank1.70%
OklahomaAdvancial Credit Union1.52%Advancial Credit Union1.66%Advancial Credit Union1.84%
OregonPentagon Federal Credit Union2.40%Pentagon Federal Credit Union2.50%Pentagon Federal Credit Union2.70%
PennsylvaniaUkrainian Selfreliance Federal Credit Union1.25%Tiaa Direct1.62%Tiaa Direct1.80%
Rhode IslandChadwick Federal Credit Union0.95%Navy Federal Credit Union1.25%Navy Federal Credit Union1.55%
South CarolinaNavy Federal Credit Union0.80%Navy Federal Credit Union1.25%Market USA Federal Credit Union1.81%
South DakotaCorTrust Bank0.90%Rushmore Electric Federal Credit Union1.10%CorTrust Bank1.45%
TennesseePentagon Federal Credit Union2.40%Pentagon Federal Credit Union2.50%Pentagon Federal Credit Union2.70%
TexasAdvancial Credit Union1.52%Advancial Credit Union1.66%Advancial Credit Union1.84%
UtahCeltic Bank1.33%Goldman Sachs Bank USA2.00%Liberty Bank UT1.65%
VermontHeritage Family Credit Union0.65%Heritage Family Credit Union0.95%The First National Bank of Orwell1.41%
VirginiaChain Bridge Bank National Association1.10%Pentagon Federal Credit Union2.00%Pentagon Federal Credit Union2.70%
WashingtonCascade Credit Union0.80%Potlatch No 1 Credit Union1.61%Potlatch No 1 Credit Union1.86%
West VirginiaBayer Heritage Federal Credit Union1.00%Bayer Heritage Federal Credit Union1.26%Bayer Heritage Federal Credit Union1.51%
WisconsinInvestors Community Bank1.20%Westbury Bank1.40%Investors Community Bank1.70%
WyomingShyann Federal Credit Union0.50%First National Bank of Gillette0.80%First National Bank of Gillette0.95%
                                                                                                              Rates accurate as of Oct. 11, 2017, except for BAC Florida, Goldman Sachs and Pentagon Federal Credit Union,which are accurate as of today.


People say everything is bigger in Texas, and it’s certainly true when it comes to CD rates. Advancial Credit Union sweeps the board in Texas with the highest rates for six-month, one-year and two-year CDs.

At 1.52% APY, Advancial’s six-month rate is the highest in all 50 states. If you invest in a jumbo CD, which requires at least $50,000 at Advancial, that rate jumps to 1.72% APY. Wyoming savers face the other end of the spectrum — the top bank there, Shyann Federal Credit Union, offers only 0.50% APY on its six-month CD.

Competition is close in the one-year CD category — and there’s a tie at the top. Mutual Federal Bank in Illinois tops the scales with a 1.71% APY, narrowly beating Arizona-based KS StateBank’s one-year rate of 1.70% APY. Bringing up the rear with a one-year CD rate of 0.80% APY is Wyoming’s First National Bank of Gillette. Wyoming is the state with the lowest rates for six-month and one-year CDs.

Find Out: What to Ask Before Opening a CD Account

In the two-year CD category, there’s another tie at the top. Ferguson Federal Credit Union in Mississippi and Greater Hudson Bank in New York both offer 2.00% APY on two-year CDs. Wyoming again ranks at the bottom when it comes to the highest interest rates in the two-year CD category: The state’s First National Bank of Gillette pays only 0.95% APY.

Although certificate of deposit rates overall are highest in Texas and lowest in Wyoming, there are vast differences in rates from state to state — and from bank to bank. The best way to get high rates is by doing your research. Be on the lookout for new promotions and deals available when you seek out the highest CD rates. For example, some banks offer high-yield CDs, which might pay higher rates, or you can look at longer terms — like five-year CD rates — if you want a better payout and are willing to tie up your money for that long.

Next Up:  Insider Tips to Get the Highest CD Rates

About the Author

After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.