Best CD Rates in Centennial, Colorado, CO

You are viewing rates from banks across Centennial

Below are the best one-year CD Rates from banks in Centennial, Colorado. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

Centennial, CO - July 17, 2025

1 Year CD National Average : 0.55% ^?

Banks	APY	MIN	MILES ^?
Beal Bank USA Denver Branch	4.05%	$1,000	-	Learn More
Rate History: 4.85% → 5.15% → 5.05% → 4.50% → 4.05%
george \| Feb 9, 2021 The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed. Read More Reviews (3)
FirstBank 17th And Main Branch	3.40%	$10,000	-	Learn More
Rate History: 3.75% → 3.40% → 3.75% → 3.60% → 3.40%
Carrandrewb \| Aug 5, 2022 The worst customer service during covid. I lost my wallet they were nit understanding when things were shutting down. I knew covid was going to be bad and did not want to be around people. They did nit eve... Read More Reviews (1)
Bank of America, National Association Cherry Creek Branch	3.25%	$100,000	-	Learn More
Rate History: 3.75% → 4.25% → 3.75% → 3.51% → 3.25%
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)
Zions Bank Southwest Branch	3.05%	$1,000	-	Learn More Add Review
Rate History: 4.76% → 3.05%
JPMorgan Chase Bank, National Association Greeley Downtown Branch	2.00%	$10,000	-	Learn More
Rate History: 2.00% → 3.50% → 3.25% → 3.00% → 2.00%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
Wells Fargo Bank, National Association Boulder Branch	2.00%	$25,000	-	Learn More
Rate History: 2.00% → 1.50% → 3.25% → 2.00%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
Yampa Valley Bank Yampa Valley Bank Branch	0.90%	$10,000	-	Learn More Add Review
First National Bank, Cortez First National Bank, Cortez Branch	0.83%	$100,000	-	Learn More Add Review
Champion Bank Champion Bank Branch	0.81%	$10,000	-	Learn More Add Review
American Bank of Commerce Colorado Springs Branch	0.80%	$10,000	-	Learn More Add Review
Century Savings and Loan Association Century Savings And Loan Association Branch	0.80%	$100,000	-	Learn More Add Review
First Pioneer National Bank First Pioneer National Bank Branch	0.80%	$100,000	-	Learn More Add Review
Liberty Savings Bank, F.S.B. E Yale Ave Branch	0.75%	$10,000	-	Learn More Add Review
Equitable Savings and Loan Association Equitable Savings And Loan Associati Branch	0.75%	$10,000	-	Learn More Add Review
Four Corners Community Bank The Citizens State Bank Of Cortez Br Branch	0.75%	$10,000	-	Learn More
Unhappy customer definitely NOT THE BANK FOR ME! \| Sep 21, 2020 I am fed up with how poorly this bank is run. I have made deposit and given a receipt with the wrong amount more than once. I have received other customer's cancelled checks. The online bank site is a mess... Read More Reviews (1)
FMS Bank Fms Bank Branch	0.75%	$10,000	-	Learn More Add Review
First FarmBank First Farmbank Branch	0.75%	$10,000	-	Learn More Add Review
Rio Grande Savings and Loan Association Rio Grande Savings And Loan Associat Branch	0.71%	$500	-	Learn More Add Review
First Southwest Bank Center Branch	0.70%	$10,000	-	Learn More Add Review
The First National Bank in Trinidad The First National Bank In Trinidad Branch	0.70%	$10,000	-	Learn More Add Review
Alamosa State Bank Alamosa State Bank Branch	0.70%	$100,000	-	Learn More
cabin30355 \| Feb 7, 2022 I have found that if you live in the San Luis Valley, you must have accounts at two banks as at least one of them's website is inaccessible at an average of once per months or has their debit cards not fu... Read More Reviews (1)
RNB STATE BANK Rawlins National Bank - Longmont Bra Branch	0.70%	$100,000	-	Learn More Add Review
The First National Bank of Las Animas Fowler Branch	0.65%	$10,000	-	Learn More Add Review
Farmers State Bank of Calhan Farmers State Bank Of Calhan Branch	0.65%	$10,000	-	Learn More
John \| Nov 4, 2021 Not a very helpful bank. Find another ! Read More Reviews (1)
First National Bank, Cortez First National Bank, Cortez Branch	0.65%	$10,000	-	Learn More Add Review
First Western Trust Bank First Western Trust Bank Branch	0.61%	$10,000	-	Learn More Add Review
Academy Bank, National Association Razorback Road Branch	0.60%	$10,000	-	Learn More
Fran1 \| Feb 4, 2020 Academy was great helping me open a new account Read More Reviews (5)
Del Norte Bank Del Norte Bank Branch	0.60%	$100,000	-	Learn More Add Review
Century Savings and Loan Association Century Savings And Loan Association Branch	0.60%	$10,000	-	Learn More Add Review
NBH Bank Greeley Branch	0.60%	$10,000	-	Learn More Add Review
First National Bank Arapahoe Bank And Trust Branch	0.60%	$1,000	-	Learn More Add Review
Points West Community Bank Points West Community Bank Branch	0.60%	$10,000	-	Learn More Add Review
RNB STATE BANK Rawlins National Bank - Longmont Bra Branch	0.60%	$10,000	-	Learn More Add Review
San Luis Valley Federal Bank San Luis Valley Federal Bank Branch	0.59%	$100,000	-	Learn More Add Review
Adams Bank & Trust Garden Of The Gods Branch	0.55%	$10,000	-	Learn More Add Review
First Pioneer National Bank First Pioneer National Bank Branch	0.55%	$10,000	-	Learn More Add Review
High Country Bank High Country Bank Branch	0.55%	$100,000	-	Learn More Add Review
Farmers Bank Farmers Bank Branch	0.55%	$10,000	-	Learn More
eberhard1111 \| Sep 10, 2019 215,000.00 Read More Reviews (1)
Frontier Bank Walsh Branch	0.52%	$100,000	-	Learn More Add Review
The First National Bank of Hugo The First National Bank Of Hugo Branch	0.51%	$10,000	-	Learn More Add Review
The State Bank The State Bank Branch	0.50%	$10,000	-	Learn More Add Review
Golden Belt Bank, FSA Fort Morgan Br Branch	0.50%	$10,000	-	Learn More Add Review
Glacier Bank Valley Plaza Branch	0.50%	$10,000	-	Learn More
CatAnn \| Dec 11, 2023 only series EE currently. I have I series and have to mail them in Read More Reviews (1)
Park State Bank & Trust Park State Bank & Trust Branch	0.50%	$500	-	Learn More Add Review
CoreFirst Bank & Trust Corefirst - Vallagio Branch	0.50%	$10,000	-	Learn More Add Review
Del Norte Bank Del Norte Bank Branch	0.50%	$10,000	-	Learn More Add Review
Mountain Valley Bank Mountain Valley Bank Branch	0.50%	$10,000	-	Learn More Add Review
Points West Community Bank Points West Community Bank Branch	0.50%	$10,000	-	Learn More Add Review
High Plains Bank High Plains Bank Branch	0.50%	$10,000	-	Learn More Add Review
FlatIrons Bank Flatirons Bank Branch	0.50%	$10,000	-	Learn More Add Review
San Luis Valley Federal Bank San Luis Valley Federal Bank Branch	0.49%	$10,000	-	Learn More Add Review
Stockmens Bank Stockmens Bank Branch	0.48%	$10,000	-	Learn More Add Review
Frontier Bank Walsh Branch	0.47%	$10,000	-	Learn More Add Review
GNBank, National Association Valley State Bank Branch	0.45%	$10,000	-	Learn More Add Review
The Farmers State Bank of Brush The Farmers State Bank Of Brush Branch	0.45%	$10,000	-	Learn More Add Review
Fortis Private Bank Fortis Private Bank Branch	0.40%	$10,000	-	Learn More Add Review
Herring Bank Colorado National Bank Branch	0.40%	$10,000	-	Learn More
wello50 \| Jul 1, 2021 What day of the month do you report to the credit bureaus Read More Reviews (1)
North Valley Bank North Valley Bank Branch	0.40%	$10,000	-	Learn More Add Review
Alamosa State Bank Alamosa State Bank Branch	0.40%	$10,000	-	Learn More
cabin30355 \| Feb 7, 2022 I have found that if you live in the San Luis Valley, you must have accounts at two banks as at least one of them's website is inaccessible at an average of once per months or has their debit cards not fu... Read More Reviews (1)
Rocky Mountain Bank & Trust Rocky Mountain Bank & Trust Branch	0.40%	$100,000	-	Learn More Add Review
The Gunnison Bank and Trust Company The Gunnison Bank And Trust Company Branch	0.40%	$10,000	-	Learn More Add Review
The Eastern Colorado Bank Kit Carson Branch	0.40%	$10,000	-	Learn More Add Review
Grand Valley Bank Fruita Branch	0.35%	$10,000	-	Learn More Add Review
MNB BANK Burlington Colorado Branch	0.35%	$10,000	-	Learn More Add Review
High Country Bank High Country Bank Branch	0.35%	$10,000	-	Learn More Add Review
FirstOak Bank Firstoak Bank-Pueblo Branch	0.30%	$10,000	-	Learn More Add Review
5Star Bank 5star Bank Branch	0.30%	$10,000	-	Learn More Add Review
Integrity Bank & Trust Integrity Bank & Trust Branch	0.30%	$10,000	-	Learn More Add Review
The Dolores State Bank The Dolores State Bank Branch	0.30%	$100,000	-	Learn More Add Review
Armed Forces Bank, National Association Fort Carson Facility Branch	0.30%	$10,000	-	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
UMB Bank, National Association Mountain States Bank Branch	0.30%	$10,000	-	Learn More
RS \| Jun 1, 2020 UMB does not honor the rate posted here! Read More Reviews (2)
Rocky Mountain Bank & Trust Rocky Mountain Bank & Trust Branch	0.30%	$10,000	-	Learn More Add Review
Waypoint Bank Mountain View Branch	0.30%	$10,000	-	Learn More Add Review
The Dolores State Bank The Dolores State Bank Branch	0.25%	$10,000	-	Learn More Add Review
Gunnison Savings and Loan Association Gunnison Savings And Loan Associatio Branch	0.25%	$10,000	-	Learn More Add Review
The Pueblo Bank and Trust Company The Pueblo Bank And Trust Company Branch	0.25%	$10,000	-	Learn More Add Review
First National Bank Arapahoe Bank And Trust Branch	0.25%	$10,000	-	Learn More Add Review
The Colorado Bank and Trust Company of La Junta The Colorado Bank And Trust Company Branch	0.25%	$10,000	-	Learn More Add Review
InBank Southlands Branch	0.25%	$100,000	-	Learn More
Trujillo \| Nov 9, 2023 Unhappy with ATM on Southside. I.bank with wafd they closed. Told wsfd customers can get cash with card. Employees are very nosy with slanderous gossip. I'm treated like a criminal. That why I don't use i... Read More Reviews (1)
Native American Bank, National Association Native American Bank, National Association Branch	0.25%	$100,000	-	Learn More Add Review
Home Loan State Bank Home Loan State Bank Branch	0.25%	$10,000	-	Learn More Add Review
Redstone Bank Redstone Bank Branch	0.20%	$10,000	-	Learn More Add Review
Native American Bank, National Association Native American Bank, National Association Branch	0.20%	$10,000	-	Learn More Add Review
InBank Southlands Branch	0.20%	$10,000	-	Learn More
Trujillo \| Nov 9, 2023 Unhappy with ATM on Southside. I.bank with wafd they closed. Told wsfd customers can get cash with card. Employees are very nosy with slanderous gossip. I'm treated like a criminal. That why I don't use i... Read More Reviews (1)
ANB Bank Anb Bank Branch	0.20%	$10,000	-	Learn More Add Review
FNB Bank Kirk Branch	0.20%	$100,000	-	Learn More Add Review
Timberline Bank Timberline Bank Branch	0.19%	$1,000	-	Learn More Add Review
BOKF, National Association Colorado State Bk & Trust Denver Dt Branch	0.15%	$100,000	-	Learn More
Aku \| May 29, 2020 Dua Read More Reviews (1)
MidFirst Bank Cherry Creek Bkg Ctr Branch	0.15%	$1,000	-	Learn More
sharzns \| Jun 17, 2022 Midfirst doesn't seem to encourage any accounts other than checking. I have two. I've tried opening others, but they talk me out of it every single time. Read More Reviews (3)
Glacier Bank Valley Plaza Branch	0.15%	$10,000	-	Learn More
CatAnn \| Dec 11, 2023 only series EE currently. I have I series and have to mail them in Read More Reviews (1)
First National Bank of Omaha Johnstown Branch	0.06%	$500	-	Learn More Add Review
KeyBank National Association 300 West Oak Street Branch	0.05%	$2,500	-	Learn More
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
Bank of Estes Park Bank Of Estes Park Branch	0.05%	$500	-	Learn More Add Review
FNB Bank Kirk Branch	0.05%	$10,000	-	Learn More Add Review
U.S. Bank National Association Cedaredge Branch	0.05%	$500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
Evergreen National Bank Georgetown Branch	0.01%	$10,000	-	Learn More Add Review
First-Citizens Bank & Trust Company Boulder Branch	0.01%	$500	-	Learn More
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

Branches Info around zip 10116

Branch	Street	City	State
Beal Bank USA Denver Branch	154 Steele Street	Denver	CO
FirstBank 17th And Main Branch	1707 North Main Street	Longmont	CO
Bank of America, National Association Cherry Creek Branch	100 Filmore Street, Suite 100	Denver	CO
Zions Bank Southwest Branch	1380 South Federal Boulevard	Denver	CO
JPMorgan Chase Bank, National Association Greeley Downtown Branch	822 7th Street	Greeley	CO
Wells Fargo Bank, National Association Boulder Branch	1242 Pearl Street	Boulder	CO
Yampa Valley Bank Yampa Valley Bank Branch	600 South Lincoln Avenue	Steamboat Springs	CO
First National Bank, Cortez First National Bank, Cortez Branch	2258 E. Main Street	Cortez	CO
Champion Bank Champion Bank Branch	16790 Centre Court	Parker	CO
American Bank of Commerce Colorado Springs Branch	434 S. Tejon	Colorado Springs	CO
Century Savings and Loan Association Century Savings And Loan Association Branch	233 East Main St	Trinidad	CO
First Pioneer National Bank First Pioneer National Bank Branch	145 West Fourth Street	Wray	CO
Liberty Savings Bank, F.S.B. E Yale Ave Branch	6460 E. Yale Avenue	Denver	CO
Equitable Savings and Loan Association Equitable Savings And Loan Associati Branch	221 N 3rd St	Sterling	CO
Four Corners Community Bank The Citizens State Bank Of Cortez Br Branch	77 West Main Street	Cortez	CO
FMS Bank Fms Bank Branch	520 Sherman Street	Fort Morgan	CO
First FarmBank First Farmbank Branch	2939 65th Avenue	Greeley	CO
RG Bank, A Savings and Loan Association Rio Grande Savings And Loan Associat Branch	901 1st Avenue	Monte Vista	CO
First Southwest Bank Center Branch	2060 East Highway 112	Center	CO
The First National Bank in Trinidad The First National Bank In Trinidad Branch	100 East Main Street	Trinidad	CO
Alamosa State Bank Alamosa State Bank Branch	2225 Main Street	Alamosa	CO
RNB STATE BANK Rawlins National Bank - Longmont Bra Branch	2001 North Main Street	Longmont	CO
First National Bank Colorado Fowler Branch	117 Main Street	Fowler	CO
Farmers State Bank of Calhan Farmers State Bank Of Calhan Branch	1500 8th Street	Calhan	CO
First National Bank, Cortez First National Bank, Cortez Branch	2258 E. Main Street	Cortez	CO
First Western Trust Bank First Western Trust Bank Branch	1900 16th Street, Suite 1200	Denver	CO
Academy Bank, National Association Razorback Road Branch	8250 Razorback Road	Colorado Springs	CO
Del Norte Bank Del Norte Bank Branch	705 Grand Avenue	Del Norte	CO
Century Savings and Loan Association Century Savings And Loan Association Branch	233 East Main St	Trinidad	CO
NBH Bank Greeley Branch	3780 West 10th Street	Greeley	CO
First National Bank Arapahoe Bank And Trust Branch	7777 East Arapahoe Road	Englewood	CO
Points West Community Bank Points West Community Bank Branch	1291 Main Street	Windsor	CO
RNB STATE BANK Rawlins National Bank - Longmont Bra Branch	2001 North Main Street	Longmont	CO
San Luis Valley Federal Bank San Luis Valley Federal Bank Branch	401 Edison Avenue	Alamosa	CO
Adams Bank & Trust Garden Of The Gods Branch	1310 Garden Of The Gods Road	Colorado Springs	CO
First Pioneer National Bank First Pioneer National Bank Branch	145 West Fourth Street	Wray	CO
High Country Bank High Country Bank Branch	7360 West Us Highway 50	Salida	CO
Farmers Bank Farmers Bank Branch	119 First Street	Ault	CO
Frontier Bank Walsh Branch	501 North Colorado	Walsh	CO
The First National Bank of Hugo The First National Bank Of Hugo Branch	321 4th Street	Hugo	CO
The State Bank The State Bank Branch	124 Colorado Street	La Junta	CO
Golden Belt Bank, FSA Fort Morgan Br Branch	321 Ensign Street	Fort Morgan	CO
Glacier Bank Valley Plaza Branch	2452 Highway 6 And 50	Grand Junction	CO
Park State Bank & Trust Park State Bank & Trust Branch	710 W Hwy 24	Woodland Park	CO
CoreFirst Bank & Trust Corefirst - Vallagio Branch	10130 E. Dry Creek Road	Englewood	CO
Del Norte Bank Del Norte Bank Branch	705 Grand Avenue	Del Norte	CO
Mountain Valley Bank Mountain Valley Bank Branch	461 Main	Walden	CO
Points West Community Bank Points West Community Bank Branch	1291 Main Street	Windsor	CO
High Plains Bank High Plains Bank Branch	329 Main Avenue	Flagler	CO
FlatIrons Bank Flatirons Bank Branch	1095 Canyon Blvd, Suite 100	Boulder	CO
San Luis Valley Federal Bank San Luis Valley Federal Bank Branch	401 Edison Avenue	Alamosa	CO
Stockmens Bank Stockmens Bank Branch	25 N. Cascade Avenue	Colorado Springs	CO
Frontier Bank Walsh Branch	501 North Colorado	Walsh	CO
GNBank, National Association Valley State Bank Branch	204 South Fourth St	Lamar	CO
The Farmers State Bank of Brush The Farmers State Bank Of Brush Branch	200 Clayton Street	Brush	CO
Fortis Bank Fortis Private Bank Branch	1550 17th Street, Suite 203	Denver	CO
Herring Bank Colorado National Bank Branch	3110 North Nevada Avenue	Colorado Springs	CO
North Valley Bank North Valley Bank Branch	9001 North Washington Street	Thornton	CO
Alamosa State Bank Alamosa State Bank Branch	2225 Main Street	Alamosa	CO
Rocky Mountain Bank & Trust Rocky Mountain Bank & Trust Branch	101 East Main Street	Florence	CO
The Gunnison Bank and Trust Company The Gunnison Bank And Trust Company Branch	232 West Tomichi Avenue	Gunnison	CO
The Eastern Colorado Bank Kit Carson Branch	113 Main Street	Kit Carson	CO
Grand Valley Bank Fruita Branch	452 South Maple	Fruita	CO
MNB BANK Burlington Colorado Branch	17999 Us Highway 385	Burlington	CO
High Country Bank High Country Bank Branch	7360 West Us Highway 50	Salida	CO
FirstOak Bank Firstoak Bank-Pueblo Branch	1419 W Us Highway 50	Pueblo	CO
5Star Bank 5star Bank Branch	Peterson Air Force Base, 455 W. Paine St., Bldg. 1485	Colorado Springs	CO
Integrity Bank & Trust Integrity Bank & Trust Branch	1275 Village Ridge Point	Monument	CO
The Dolores State Bank The Dolores State Bank Branch	101 South 6th Street	Dolores	CO
Armed Forces Bank, National Association Fort Carson Facility Branch	6384 Wetzel Avenue, Building 1512	Fort Carson	CO
UMB Bank, National Association Mountain States Bank Branch	1635 East Colfax Avenue	Denver	CO
Rocky Mountain Bank & Trust Rocky Mountain Bank & Trust Branch	101 East Main Street	Florence	CO
Waypoint Bank Mountain View Branch	24 South Weber Street Suite 151	Colorado Springs	CO
The Dolores State Bank The Dolores State Bank Branch	101 South 6th Street	Dolores	CO
Gunnison Savings and Loan Association Gunnison Savings And Loan Associatio Branch	303 North Main St	Gunnison	CO
The Pueblo Bank and Trust Company The Pueblo Bank And Trust Company Branch	301 West 5th Street	Pueblo	CO
First National Bank Arapahoe Bank And Trust Branch	7777 East Arapahoe Road	Englewood	CO
The Colorado Bank and Trust Company of La Junta The Colorado Bank And Trust Company Branch	301 Colorado Avenue	La Junta	CO
InBank Southlands Branch	24450 East Smoky Hill Road	Aurora	CO
Native American Bank, National Association Native American Bank, National Association Branch	999 18th Street	Denver	CO
Home Loan State Bank Home Loan State Bank Branch	205 N. 4th Street	Grand Junction	CO
Redstone Bank Redstone Bank Branch	15765 East Arapahoe Road	Centennial	CO
Native American Bank, National Association Native American Bank, National Association Branch	999 18th Street	Denver	CO
InBank Southlands Branch	24450 East Smoky Hill Road	Aurora	CO
ANB Bank Anb Bank Branch	3033 East First Avenue	Denver	CO
FNB Bank Kirk Branch	2988 County Road M	Kirk	CO
Timberline Bank Timberline Bank Branch	633 24 Road	Grand Junction	CO
BOKF, National Association Colorado State Bk & Trust Denver Dt Branch	1600 Broadway	Denver	CO
MidFirst Bank Cherry Creek Bkg Ctr Branch	101 Cook Street	Denver	CO
Glacier Bank Valley Plaza Branch	2452 Highway 6 And 50	Grand Junction	CO
First National Bank of Omaha Johnstown Branch	100 Johnstown Center Drive	Johnstown	CO
KeyBank National Association 300 West Oak Street Branch	300 West Oak Street	Fort Collins	CO
Bank of Estes Park Bank Of Estes Park Branch	255 Park Lane	Estes Park	CO
FNB Bank Kirk Branch	2988 County Road M	Kirk	CO
U.S. Bank National Association Cedaredge Branch	105 South Grand Mesa Drive	Cedaredge	CO
Evergreen National Bank Georgetown Branch	502 Sixth Street	Georgetown	CO
First-Citizens Bank & Trust Company Boulder Branch	1601 28th Street	Boulder	CO

See rates for Online Banks →

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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2025

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
CDs provide a predictable, set rate of return.
Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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Centennial, Colorado CD Rates

Branches Info around zip 10116

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2025

CD Terms

CD Risk

How Interest is Paid

Interest Rate

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

The disadvantages of branch-based CDs are:

SAVINGS & CD CALCULATOR

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