Louisiana

Image Courtesy: www.pixabay.com

Covington, Louisiana CD Rates

You are viewing rates from banks across Covington





Below are the best one-year CD Rates from banks in Covington, Louisiana. 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.

Covington, LA - August 2, 2025

1 Year CD National Average : 0.55% ?

Banks APY MIN MILES ?

Warning: Early Withdrawal Penalty is 270 days interest.
Rate History: 4.50% → 4.40% → 4.30% → 4.25% → 4.40%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

Early Withdrawal Penalty is 6 months interest.
Rate History: 5.35% → 4.50% → 4.46% → 4.41% → 4.25%

| Mar 21, 2023

Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.90% → 4.75% → 4.50% → 4.40% → 4.25%

| Jun 26, 2020

Rate not current Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.10% → 4.00% → 4.25% → 4.40% → 4.20%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Rate History: 5.00% → 4.50% → 4.20% → 4.10% → 4.00%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Rate History: 4.20% → 4.00% → 4.15% → 4.00% → 3.85%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

Rate History: 5.00% → 4.65% → 4.45% → 4.20% → 3.85%

| Apr 9, 2016

The two women, Shawn and Marcie, were very nice to me and accommodated my every transaction. Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.50% → 4.30% → 4.20% → 3.90% → 3.00%

| Jun 10, 2024

I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More

Rate History: 3.00% → 2.75% → 2.50% → 4.25% → 2.50%

| Nov 17, 2020

Is notarie services available today at a woodforest on wilkinson blvd Read More

Rate History: 2.00% → 3.50% → 3.25% → 3.00% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

0.75%

$10,000

18.78

Learn More

0.75%

$10,000

2.46

Learn More

0.65%

$10,000

24.23

Learn More

0.60%

$10,000

17.29

Learn More

| Apr 15, 2020

Correction: 2/15/2020 6 months rate is .80% Read More

0.60%

$1,000

4.75

Learn More

0.60%

$10,000

24.38

Learn More

0.55%

$10,000

17.44

Learn More

0.50%

$10,000

10.30

Learn More

| Jul 19, 2019

Fifth District was great when we went to purchase a home and they gave us a very simple process to obtain a mortgage loan. I recommended them many times as I know many realtors however they really disappo... Read More

0.45%

$10,000

17.44

Learn More

0.40%

$10,000

18.74

Learn More

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

Early Withdrawal Penalty is 181 days interest.

| Jun 10, 2022

This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More

| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

| Mar 19, 2020

I made a deposit of 14k at the Gulf Coast Bank and Trust Carrollton Ave branch on March 13, 2020. My account manager and the bank manager both handled the deposit, but secretly, the manager had requested a... Read More

| May 21, 2018

I wish I had never heard of or seen BBVA. It has been a disaster. Came to this site to find something else. Read More

0.15%

$10,000

6.74

Learn More
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 Covington, LA - August 2, 2025


Branch Street City State
Capital One, National Association
South Morrison Branch
1506 South Morrison Boulevard Hammond LA
Crescent Bank
Crescent Bank & Trust - Covington Br Branch
50 Louis Prima Drive Covington LA
Woodforest National Bank
Amite Branch
1200 W Oak St. Amite LA
JPMorgan Chase Bank, National Association
Hammond Wal-Mart Branch
2799 West Thomas Street Hammond LA
First Guaranty Bank
Guaranty West Branch
2111 West Thomas Street Hammond LA
Heritage Bank of St Tammany
Heritage Bank Of St Tammany Branch
205 North Columbia Street Covington LA
Resource Bank
Franklinton Branch
950 Tenth Avenue Franklinton LA
First American Bank and Trust
Hammond Branch
1800 Southwest Railroad Avenue Hammond LA
FIDELITY BANK
Hammond Branch
500 C M Fagen Drive Hammond LA
Citizens Bank & Trust Company
Barker's Corner Branch
79030 Hwy 437 Covington LA
Citizens Savings Bank
Main Street Branch
828 Main Street Franklinton LA
Investar Bank, National Association
First Community Bank Branch
600 Southwest Railroad Avenue Hammond LA
Home Bank, National Association
Folsom Branch
82255 Hwy. 25 Folsom LA
Fifth District Savings Bank
Mandeville Branch
4650 Highway 22 Mandeville LA
Investar Bank, National Association
First Community Bank Branch
600 Southwest Railroad Avenue Hammond LA
American Bank
Hammond Branch
506 S. W. Railroad Avenue Hammond LA
Gulf Coast Bank and Trust Company
Boston Branch
423 East Boston Street Covington LA
Metairie Bank & Trust Company
Mandeville Branch
4500 Hwy 22 Mandeville LA
Regions Bank
South Morrison Branch
1180 Roma Ave Hammond LA
Regions Bank
South Morrison Branch
1180 Roma Ave Hammond LA


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.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Use or Change these Amounts And Rates