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Euclid, Ohio CD Rates 2019

Below are the best one-year CD Rates from banks in Euclid, Ohio. 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.

Euclid, OH - September 18, 2019

1 Year CD National Average : 0.99% ?

Advertiser Disclosure
BankS APY MIN MILES ?
2.65% $50,000 5197.96
2.55% $1,000 5197.96
2.30% $10,000 5151.88
2.28% $500 5243.35
2.25% $5,000 5175.96
2.25% $500 5264.93
2.15% $1,000 5271.06
2.07% $1,000 5087.57
2.05% $500 5316.77
2.02% $500 5241.04
2.02% $500 5166.88
2.02% $500 5272.99
2.01% $1,000 5254.96
2.00% $1,000 5228.42
2.00% $1,000 5239.46
2.00% $5,000 5190.68
2.00% $1,000 5232.96
2.00% $500 5264.93
1.99% $500 5253.54
1.91% $500 5201.75
1.90% $100,000 5287.33
1.90% $10,000 5116.27
1.88% $10,000 5095.01
1.87% $500 5238.78
1.86% $100,000 5235.58
1.86% $100,000 5120.10
1.85% $1,000 5249.44
1.85% $1,000 5159.43
1.85% $500 5246.38
1.81% $100,000 5240.23
1.81% $50,000 5117.50
1.76% $1,000 5223.96
1.75% $5,000 5175.96
1.75% $2,500 5193.31
1.75% $1,000 5246.53
1.75% $1,000 5233.96
1.75% $1,000 5267.83
1.74% $2,500 5193.10
1.71% $500 5235.58
1.68% $1,000 5138.69
1.66% $10,000 5239.19
1.66% $1,000 5243.08
1.66% $1,000 5238.49
1.61% $10,000 5119.48
1.61% $500 5164.37
1.61% $10,000 5117.50
1.60% $500 5210.50
1.60% $500 5170.60
1.60% $500 5189.64
1.55% $500 5197.28
1.55% $500 5233.02
1.51% $500 5209.39
1.51% $1,000 5213.03
1.51% $1,000 5233.06
1.50% $100,000 5261.03
1.50% $500 5237.65
1.50% $500 5193.10
1.50% $7,500 5120.10
1.50% $500 5260.54
1.50% $500 5285.36
1.50% $500 5228.75
1.45% $2,500 5116.27
1.41% $95,001 5244.44
1.36% $1,000 5224.11
1.35% $1,000 5137.73
1.31% $1,000 5102.75
1.25% $500 5154.62
1.25% $500 5189.35
1.25% $500 5094.92
1.23% $100,000 5109.07
1.16% $500 5109.07
1.16% $1,000 5140.98
1.16% $500 5141.00
1.16% $500 5224.33
1.13% $1,000 0.00
1.11% $5,000 5130.88
1.11% $5,000 5286.05
1.10% $1,000 5130.15
1.10% $100,001 5240.82
1.01% $1,000 5127.85
1.01% $2,500 5116.07
1.00% $500 5127.79
1.00% $500 5224.13
1.00% $1,000 5257.70
1.00% $5,000 5212.99
1.00% $500 5190.68
1.00% $500 5269.94
1.00% $5,000 5287.33
1.00% $500 5247.80
1.00% $500 5268.22
1.00% $100,000 5167.48
1.00% $2,500 5104.15
1.00% $1,000 5254.96
0.95% $25,000 5244.44
0.95% $100,000 5179.29
0.90% $1,000 5172.50
0.90% $500 5167.48
0.90% $2,500 5170.19
0.86% $10,000 5240.82
0.85% $500 5234.70
0.85% $500 5179.29
0.75% $500 5171.16
0.75% $1,000 5240.23
0.75% $1,000 5162.64
0.75% $5,000 5297.12
0.75% $1,000 5149.21
0.75% $500 5279.98
0.65% $10,000 5271.77
0.65% $5,000 5287.19
0.65% $500 5237.73
0.60% $100,000 5197.96
0.60% $500 5272.55
0.60% $1,000 5273.38
0.60% $1,000 5182.68
0.55% $500 5242.65
0.55% $500 5152.51
0.55% $1,000 5197.96
0.55% $500 5175.28
0.55% $100 5285.18
0.55% $500 5193.77
0.50% $98,000 5095.01
0.50% $100 5128.69
0.50% $500 5247.82
0.50% $100 5192.91
0.50% $1,000 5164.41
0.50% $500 5224.39
0.50% $1,000 5280.31
0.50% $1,000 5215.99
0.50% $1,000 5103.35
0.50% $500 5212.44
0.50% $1 5232.16
0.50% $500 5182.65
0.45% $100,000 5189.64
0.45% $1,000 5184.10
0.45% $100,000 5224.39
0.45% $1,000 5284.03
0.40% $2,500 5175.96
0.40% $500 5165.29
0.40% $500 5131.75
0.40% $1,000 5257.66
0.40% $100,000 5159.43
0.40% $500 5234.34
0.40% $1,000 5144.29
0.40% $1,000 5298.50
0.37% $500 5191.70
0.35% $500 5187.97
0.35% $500 5187.03
0.35% $25,000 5260.55
0.35% $1,000 5229.78
0.35% $1,000 5214.10
0.33% $100,000 5310.00
0.32% $500 5119.44
0.30% $1,000 5210.50
0.30% $500 5146.66
0.30% $2,500 5298.19
0.30% $1,000 5276.69
0.30% $500 5260.55
0.30% $1 5149.51
0.27% $50,000 5239.19
0.25% $500 5095.01
0.25% $100,000 5156.75
0.25% $10,000 5119.44
0.25% $500 5244.44
0.25% $100 5212.99
0.25% $10,000 5286.36
0.25% $100,000 5236.67
0.25% $10,000 5239.19
0.25% $500 5213.35
0.25% $1,000 5151.88
0.25% $5,000 5102.16
0.25% $500 5332.04
0.25% $500 5321.93
0.25% $10,000 5299.55
0.25% $1,000 5182.44
0.25% $1,000 5179.27
0.22% $100,000 5169.96
0.21% $2,500 5310.00
0.20% $1,000 5156.75
0.20% $500 5087.57
0.20% $500 5152.51
0.20% $100,000 5169.96
0.20% $500 5167.01
0.20% $1,000 5147.95
0.20% $1,000 5144.20
0.20% $500 5222.81
0.20% $1,000 5188.81
0.20% $1,000 5275.10
0.20% $500 5090.89
0.20% $1,000 5312.36
0.20% $1,000 5299.29
0.20% $1,000 5125.59
0.18% $10,000 5169.96
0.15% $500 5152.51
0.15% $1,000 5299.40
0.15% $100,000 5197.96
0.15% $10,000 5193.16
0.15% $10,000 5169.96
0.15% $500 0.00
0.15% $500 5143.60
0.15% $500 5176.48
0.15% $1,000 5271.06
0.15% $1,000 5238.05
0.15% $1,000 5248.05
0.15% $500 5180.53
0.15% $500 5253.18
0.12% $500 5186.06
0.10% $10,000 5261.03
0.10% $1,000 5298.30
0.10% $250 5236.67
0.10% $500 5277.54
0.10% $1,000 5197.96
0.10% $1,000 5159.05
0.10% $10,000 5257.45
0.10% $10,000 5186.60
0.07% $10,000 5119.48
0.05% $2,000 5247.83
0.01% $10,000 5200.20
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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 2019

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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