You are viewing rates across North Carolina
Below are the best one year CD Rates from banks in North Carolina. 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.
NC - August 31, 2016
1 Year CD National Average : 0.38% ?
|Live Oak Banking Company||1.30%||$2,500||-|
|Carolina Premier Bank||1.00%||$1,000||-|
|Carter Bank & Trust||0.75%||$100||-|
|Tarboro Savings Bank, Ssb||0.60%||$50,000||-|
|Roanoke Valley Savings Bank, Ssb||0.60%||$1,000||-|
|New Republic Savings Bank||0.60%||$1,000||-|
|The Little Bank, Incorporated||0.55%||$1,000||-|
|Coastal Bank & Trust||0.55%||$500||-|
|Tarboro Savings Bank, Ssb||0.50%||$500||-|
|First Federal Savings Bank Of Lincolnton||0.50%||$500||-|
|Nantahala Bank & Trust Company||0.50%||$1||-|
|Td Bank, National Association||0.45%||$100,000||-|
|Carolina Trust Bank||0.45%||$100,000||-|
|Alliance Bank & Trust Company||0.45%||$100,000||-|
|Macon Bank, Inc.||0.41%||$1,000||-|
|Jackson Savings Bank, Ssb||0.40%||$500||-|
|Bank Of North Carolina||0.40%||$100,000||-|
|The Little Bank, Incorporated||0.40%||$10,000||-|
|Carolina Trust Bank||0.40%||$10,000||-|
|Alliance Bank & Trust Company||0.40%||$500||-|
|Bank Of Hampton Roads||0.35%||$500||-|
|Piedmont Federal Savings Bank||0.35%||$100,000||-|
|Wake Forest Federal Savings And Loan Association||0.35%||$500||-|
|Select Bank & Trust Company||0.35%||$5,000||-|
|Park Sterling Bank||0.35%||$1,000||-|
|Carolina Premier Bank||0.35%||$1,000||-|
|High Point Bank And Trust Company||0.30%||$100,000||-|
|The Fort Sill National Bank||0.30%||$500||-|
|Td Bank, National Association||0.30%||$10,000||-|
|Benchmark Community Bank||0.30%||$500||-|
|Highlands Union Bank||0.30%||$500||-|
|Piedmont Federal Savings Bank||0.30%||$500||-|
|West Town Bank & Trust||0.30%||$1,000||-|
|Bank Of North Carolina||0.30%||$10,000||-|
|Citizens Community Bank||0.30%||$1||-|
|North State Bank||0.30%||$10,000||-|
|First Carolina Bank||0.30%||$10,000||-|
|Carolina Alliance Bank||0.30%||$1,000||-|
|Farmers & Merchants Bank||0.25%||$10,000||-|
|Four Oaks Bank & Trust Company||0.25%||$50,000||-|
|Bank Of Tennessee||0.25%||$500||-|
|Sound Banking Company||0.25%||$500||-|
|American National Bank And Trust Company||0.20%||$500||-|
|Grayson National Bank||0.20%||$1,000||-|
|High Point Bank And Trust Company||0.20%||$1,000||-|
|Lumbee Guaranty Bank||0.20%||$10,000||-|
|Hometrust Bank, National Association||0.20%||$50,000||-|
|Wake Forest Federal Savings And Loan Association||0.20%||$500||-|
|Asheville Savings Bank, S.s.b.||0.20%||$10,000||-|
|First South Bank||0.20%||$500||-|
|Bank Of The Ozarks||0.18%||$1,000||-|
|Pnc Bank, National Association||0.17%||$100,000||-|
|First Community Bank||0.15%||$1,000||-|
|Pnc Bank, National Association||0.15%||$100,000||-|
|Four Oaks Bank & Trust Company||0.15%||$500||-|
|Mechanics & Farmers Bank||0.15%||$10,000||-|
|Southern Bank And Trust Company||0.15%||$100,000||-|
|Woodforest National Bank||0.15%||$500||-|
|Hometrust Bank, National Association||0.15%||$10,000||-|
|Black Mountain Savings Bank, Ssb||0.15%||$1,000||-|
|Taylorsville Savings Bank, Ssb||0.15%||$500||-|
|Bank Of Oak Ridge||0.15%||$3,500||-|
|Union Bank & Trust Company||0.15%||$10,000||-|
|Capital Bank, National Association||0.15%||$500||-|
|Pnc Bank, National Association||0.13%||$10,000||-|
|Pnc Bank, National Association||0.11%||$10,000||-|
|First Tennessee Bank, National Association||0.10%||$10,000||-|
|Pnc Bank, National Association||0.10%||$10,000||-|
|Fifth Third Bank||0.10%||$10,000||-|
|Branch Banking And Trust Company||0.10%||$10,000||-|
|First-citizens Bank & Trust Company||0.10%||$10,000||-|
|The Fidelity Bank||0.10%||$10,000||-|
|South State Bank||0.10%||$1||-|
|Southern Bank And Trust Company||0.10%||$10,000||-|
|United Community Bank||0.10%||$500||-|
|First Federal Bank||0.10%||$500||-|
|Select Bank & Trust Company||0.10%||$500||-|
|Bank Of America, National Association||0.07%||$10,000||-|
|Ks Bank, Inc.||0.06%||$1,000||-|
|Bank Of America, National Association||0.05%||$10,000||-|
|Wells Fargo Bank, National Association||0.05%||$10,000||-|
|Fifth Third Bank||0.05%||$100,000||-|
|Select Bank & Trust Company||0.01%||$10,000||-|
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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.
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.
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.
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.
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.
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, you visit the FDIC website.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
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