Credit Union CD Rates Indiana 2023

Below are the best one year CD Rates from credit unions in Indiana. 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.

IN - June 9, 2023

1 Year CD National Average : 0.47% ^?

Credit Unions	APY	MIN	MILES ^?
Liberty Restrictions	4.35%	$1,000	-	Learn More Reviews
Afena Restrictions	2.27% 2.17% 2.07%	$100,000 $10,000 $250	-	Learn More Reviews
Park Community Credit Union, Inc. Restrictions	2.20% 2.15%	$50,000 $500	-	Learn More Reviews
Indiana University Restrictions	2.00%	$500	-	Learn More Reviews
Inova Restrictions	1.50%	$200	-	Learn More Reviews
South Bend Firefighters	1.00%	$10,000	-	Learn More Reviews
Beacon Restrictions	0.91%	$100,000	-	Learn More Reviews
Kemba Restrictions	0.90%	$10,000	-	Learn More Reviews
Honda Restrictions	0.90%	$100,000	-	Learn More Reviews
Communitywide Restrictions	0.90%	$10,000	-	Learn More Reviews
Energy Plus Restrictions	0.85%	$10,000	-	Learn More Reviews
Riverside Community Restrictions	0.85%	$10,000	-	Learn More Reviews
Beacon Restrictions	0.81%	$10,000	-	Learn More Reviews
Honda Restrictions	0.80%	$10,000	-	Learn More Reviews
Diversified General	0.80%	$10,000	-	Learn More Reviews
Indiana Heartland	0.80%	$10,000	-	Learn More Reviews
Policemen's Restrictions	0.80%	$100,000	-	Learn More Reviews
Solidarity Community Restrictions	0.76%	$500	-	Learn More Reviews (1)
Financial Health Restrictions	0.75%	$10,000	-	Learn More Reviews
Encompass Restrictions	0.75%	$500	-	Learn More Reviews
Via Credit Union Restrictions	0.75%	$10,000	-	Learn More Reviews (1)
Members Source Restrictions	0.75%	$10,000	-	Learn More Reviews
Aaa Restrictions	0.75%	$10,000	-	Learn More Reviews
Policemen's Restrictions	0.75%	$10,000	-	Learn More Reviews
Advantageplus Of Indiana	0.75%	$10,000	-	Learn More Reviews
Bar-cons Restrictions	0.70%	$5,000	-	Learn More Reviews
Industrial Restrictions	0.70%	$10,000	-	Learn More Reviews
L & N Restrictions	0.70%	$10,000	-	Learn More Reviews
Tech Restrictions	0.60%	$100,000	-	Learn More Reviews
Centra Restrictions	0.60%	$100,000	-	Learn More Reviews (1)
Indiana Members Restrictions	0.60%	$10,000	-	Learn More Reviews
Crane Restrictions	0.60%	$10,000	-	Learn More Reviews
Everence Restrictions	0.60%	$100,000	-	Learn More Reviews
Fortress	0.60%	$10,000	-	Learn More Reviews
La Porte Community Restrictions	0.60%	$10,000	-	Learn More Reviews
Members Advantage Restrictions	0.55%	$10,000	-	Learn More Reviews
Centra Restrictions	0.55%	$10,000	-	Learn More Reviews (1)
Staley Restrictions	0.55%	$100,000	-	Learn More Reviews
Baxter Restrictions	0.55%	$10,000	-	Learn More Reviews
Members Heritage Restrictions	0.55%	$100,000	-	Learn More Reviews
Haynes Community Restrictions	0.55%	$10,000	-	Learn More Reviews
Interra Restrictions	0.55%	$100,000	-	Learn More Reviews
U S #1364 Restrictions	0.55%	$10,000	-	Learn More Reviews
Diamond Valley Restrictions	0.53%	$10,000	-	Learn More Reviews
Financial Builders Restrictions	0.52%	$10,000	-	Learn More Reviews
Fort Financial Restrictions	0.50%	$10,000	-	Learn More Reviews
Vibrant Restrictions	0.50%	$10,000	-	Learn More Reviews (2)
Hoosier Hills Restrictions	0.50%	$10,000	-	Learn More Reviews
Community Spirit Credit Union	0.50%	$10,000	-	Learn More Reviews
Everence Restrictions	0.50%	$10,000	-	Learn More Reviews
Unify Financial Restrictions	0.50%	$10,000	-	Learn More Reviews (1)
Indiana Lakes	0.50%	$10,000	-	Learn More Reviews
Credit Union 1	0.50%	$10,000	-	Learn More Reviews
Heritage Restrictions	0.50%	$10,000	-	Learn More Reviews
Financial Partners Restrictions	0.45%	$10,000	-	Learn More Reviews
Members Heritage Restrictions	0.45%	$10,000	-	Learn More Reviews
Chiphone Restrictions	0.45%	$10,000	-	Learn More Reviews
Perfect Circle Restrictions	0.45%	$100,000	-	Learn More Reviews
Regional Restrictions	0.45%	$10,000	-	Learn More Reviews
Members Choice	0.40%	$10,000	-	Learn More Reviews
Allegius Restrictions	0.40%	$10,000	-	Learn More Reviews (2)
Midwest Family Restrictions	0.40%	$1,000	-	Learn More Reviews
Tech Restrictions	0.35%	$10,000	-	Learn More Reviews
First Trust Restrictions	0.35%	$10,000	-	Learn More Reviews
Kokomo Heritage	0.35%	$100,000	-	Learn More Reviews
Natco Restrictions	0.35%	$10,000	-	Learn More Reviews
Harvester Financial Restrictions	0.35%	$10,000	-	Learn More Reviews
Perfect Circle Restrictions	0.35%	$10,000	-	Learn More Reviews
Financial Center First Restrictions	0.35%	$100,000	-	Learn More Reviews
Indiana State University Restrictions	0.35%	$100,000	-	Learn More Reviews
Teachers Restrictions	0.32%	$10,000	-	Learn More Reviews
Profed Restrictions	0.30%	$500	-	Learn More Reviews
Fire Police City County	0.30%	$10,000	-	Learn More Reviews (1)
Purdue Restrictions	0.30%	$10,000	-	Learn More Reviews
Staley Restrictions	0.30%	$10,000	-	Learn More Reviews
Elements Financial Restrictions	0.30%	$10,000	-	Learn More Reviews
Kokomo Heritage	0.30%	$10,000	-	Learn More Reviews
Interra Restrictions	0.30%	$10,000	-	Learn More Reviews
Financial Center First Restrictions	0.30%	$10,000	-	Learn More Reviews
United Restrictions	0.30%	$10,000	-	Learn More Reviews
Advance Financial Restrictions	0.30%	$10,000	-	Learn More Reviews
Primetrust Financial Restrictions	0.30%	$10,000	-	Learn More Reviews
Kemba Indianapolis Restrictions	0.30%	$10,000	-	Learn More Reviews
Hometown	0.25%	$10,000	-	Learn More Reviews
Midwest America Restrictions	0.25%	$10,000	-	Learn More Reviews
Three Rivers Restrictions	0.25%	$10,000	-	Learn More Reviews
City Of Firsts Community Restrictions	0.25%	$10,000	-	Learn More Reviews
Independent Restrictions	0.25%	$10,000	-	Learn More Reviews
Notre Dame Restrictions	0.25%	$10,000	-	Learn More Reviews
Indiana State University Restrictions	0.25%	$10,000	-	Learn More Reviews
Business And Industrial Restrictions	0.20%	$10,000	-	Learn More Reviews
Genfed Financial	0.18%	$10,000	-	Learn More Reviews
Northern Indiana Restrictions	0.16%	$10,000	-	Learn More Reviews
Vigo County Restrictions	0.15%	$500	-	Learn More Reviews
Partners 1st Restrictions	0.15%	$10,000	-	Learn More Reviews
Edu Restrictions	0.10%	$500	-	Learn More Reviews
Northpark Community Restrictions	0.10%	$10,000	-	Learn More Reviews
Grand Heritage	0.10%	$10,000	-	Learn More Reviews
Lampco Restrictions	0.10%	$10,000	-	Learn More Reviews
Crossroads Financial Restrictions	0.09%	$10,000	-	Learn More Reviews

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

See rates for Online Banks →

See rates for Local Banks →

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

PRODUCT INFORMATION

Credit Union One-Year Certificates of Deposit 2023

Credit union certificates of deposit (“CDs”, also commonly called “time deposits” at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period (in the case of 1-year CDs, the period is obviously 1-year), you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal, and many that do maintain the right to deny it in their terms and conditions. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union.

Many Americans enjoy performing their banking transactions with credit unions citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on 1-year CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

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

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year time deposit is 3 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the next 12 months (or the period of your time deposit or CD). The premium in a one-year CD is very small, however, a small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your money over time.