Best Local 12-Month CD Rates from 1.30% to 1.91% APY

The best local 12-Month CD rates run from 1.30% to 1.91% APY this week. With a little bit of research you can get a rate that is 50 to 100 basis points higher than what many banks are offering. Examples of some of the highest local rates on BestCashCow are:

• Farmers & Merchants Bank is offering a 1.91% APY 12-Month CD with a minimum balance of $100,000. The rate drops to 1.71% APY with a $1,000 minimim balance. They only offer local accounts.
• People's Bank And Trust Company Of Pickett County is offering a 1.90% APY 12-Month CD with a minimum balance of $25,000. The rate drops to 1.80% APY with a minimum balance of $500.
• Brush Country Bank offering a 1.75% APY 12-Month CD with a minimum balance of $100,000. They are presently only opening accounts in Texas although they have opened accounts nationally in the past.

You may be asking what's the point of these rates if you don't live in the local area served by the bank and can't open a CD? The point is that local banks in you area are probably also offering some great CD deals. Often, spending a few minutes to shop around can yield you an extra half a percent of yield. On BestCashCow we have competitive bank rates for every zip code in the United States. In just 30 seconds you can check out the best local CD rates and see if a bank in your area is offering a competitive deal.