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Euclid, Ohio CD Rates 2020

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 - May 29, 2020

1 Year CD National Average : 0.51% ?

Advertiser Disclosure
Banks APY MIN MILES ?
1.40% $10,000 5151.88 Learn More
1.25% $5,000 5175.96 Learn More
1.20% $1,000 5228.42 Learn More
1.20% $100,000 5261.03 Learn More
1.01% $500 5222.89 Learn More
1.00% $10,000 5272.99 Learn More
1.00% $100,000 5240.23 Learn More
0.95% $500 5154.62 Learn More
0.90% $1,000 5159.43 Learn More
0.85% $5,000 5095.01 Learn More
0.85% $10,000 5116.27 Learn More
0.85% $500 5246.38 Learn More
0.85% $500 5228.75 Learn More
0.80% $10,000 5239.19 Learn More
0.80% $1,000 5240.23 Learn More
0.80% $500 5243.35 Learn More
0.80% $50,000 5117.50 Learn More
0.79% $100,000 5120.10 Learn More
0.76% $1,000 5238.49 Learn More
0.75% $25,000 5228.27 Learn More
0.75% $500 5209.39 Learn More
0.75% $500 5197.28 Learn More
0.75% $1,000 5224.11 Learn More
0.75% $500 5189.64 Learn More
0.75% $5,000 5190.68 Learn More
0.75% $1,000 5223.96 Learn More
0.75% $500 5231.01 Learn More
0.75% $500 5224.33 Learn More
0.75% $500 5253.18 Learn More
0.75% $500 5264.93 Learn More
0.70% $95,001 5244.44 Learn More
0.60% $100,000 5235.58 Learn More
0.60% $5,000 5261.03 Learn More
0.60% $500 5237.65 Learn More
0.60% $500 5165.29 Learn More
0.60% $500 5247.80 Learn More
0.60% $5,000 5287.19 Learn More
0.60% $100,000 5179.29 Learn More
0.60% $2,500 5116.07 Learn More
0.60% $1,000 5179.27 Learn More
0.60% $10,000 5117.50 Learn More
0.60% $500 5228.75 Learn More
0.55% $25,000 5244.44 Learn More
0.55% $500 5175.28 Learn More
0.55% $500 5190.68 Learn More
0.55% $500 5253.54 Learn More
0.55% $2,500 5104.15 Learn More
0.50% $98,000 5095.01 Learn More
0.50% $150 5239.46 Learn More
0.50% $1,000 5257.70 Learn More
0.50% $500 5269.94 Learn More
0.50% $1,000 5246.53 Learn More
0.50% $1,000 5140.98 Learn More
0.50% $1,000 5233.06 Learn More
0.50% $1,000 5233.96 Learn More
0.50% $500 5171.16 Learn More
0.50% $5,000 5130.88 Learn More
0.50% $10,000 5119.48 Learn More
0.50% $1,000 5267.83 Learn More
0.50% $500 5179.29 Learn More
0.50% $1,000 5215.99 Learn More
0.50% $1,000 5149.21 Learn More
0.50% $500 5233.02 Learn More
0.50% $1,000 5182.68 Learn More
0.50% $1,000 5254.96 Learn More
0.50% $500 5189.35 Learn More
0.50% $1,000 5182.65 Learn More
0.49% $10,000 5120.10 Learn More
0.48% $500 5316.77 Learn More
0.47% $100,000 5109.07 Learn More
0.45% $500 5235.58 Learn More
0.45% $100,000 5189.64 Learn More
0.45% $500 5260.54 Learn More
0.45% $2,500 5116.27 Learn More
0.45% $500 5164.37 Learn More
0.43% $100,001 5240.82 Learn More
0.40% $500 5222.89 Learn More
0.40% $500 5242.65 Learn More
0.40% $2,500 5193.31 Learn More
0.40% $1,000 5249.44 Learn More
0.40% $500 5109.07 Learn More
0.40% $1,000 5164.41 Learn More
0.40% $100,000 5159.43 Learn More
0.40% $500 5222.20 Learn More
0.40% $1,000 5237.08 Learn More
0.40% $100,000 5167.48 Learn More
0.40% $1,000 5280.31 Learn More
0.40% $500 5141.00 Learn More
0.40% $1,000 5249.40 Learn More
0.40% $500 5234.34 Learn More
0.40% $1,000 5289.68 Learn More
0.40% $1,000 5215.99 Learn More
0.40% $1,000 5284.03 Learn More
0.38% $500 5224.13 Learn More
0.35% $500 5166.88 Learn More
0.35% $100,000 5261.03 Learn More
0.35% $100 5192.91 Learn More
0.35% $100,000 5287.33 Learn More
0.35% $5,000 5297.12 Learn More
0.33% $100,000 5310.00 Learn More
0.30% $500 5241.04 Learn More
0.30% $100,000 5261.03 Learn More
0.30% $500 5170.60 Learn More
0.30% $500 5272.55 Learn More
0.30% $500 5187.03 Learn More
0.30% $1,000 5127.85 Learn More
0.30% $500 5193.77 Learn More
0.30% $1 5149.51 Learn More
0.30% $500 5224.39 Learn More
0.30% $500 5167.48 Learn More
0.30% $1,000 5243.08 Learn More
0.30% $1,000 5273.38 Learn More
0.30% $1,000 5130.15 Learn More
0.30% $1,000 5144.29 Learn More
0.27% $500 5191.70 Learn More
0.25% $500 5095.01 Learn More
0.25% $100,000 5156.75 Learn More
0.25% $10,000 5119.44 Learn More
0.25% $10,000 5286.36 Learn More
0.25% $100,000 5236.67 Learn More
0.25% $1,000 5213.03 Learn More
0.25% $1,000 5184.10 Learn More
0.25% $100 5285.18 Learn More
0.25% $10,000 5271.77 Learn More
0.25% $10,000 5239.19 Learn More
0.25% $1,000 5257.66 Learn More
0.25% $1,000 5151.88 Learn More
0.25% $1,000 5229.78 Learn More
0.25% $5,000 5102.16 Learn More
0.25% $500 5321.93 Learn More
0.25% $500 5201.75 Learn More
0.25% $5,000 5286.05 Learn More
0.25% $500 5237.73 Learn More
0.25% $1,000 5254.96 Learn More
0.25% $500 5212.44 Learn More
0.25% $500 5232.16 Learn More
0.25% $1,000 5102.75 Learn More
0.22% $10,000 5240.82 Learn More
0.21% $2,500 5310.00 Learn More
0.20% $500 5127.79 Learn More
0.20% $1,000 5156.75 Learn More
0.20% $500 5087.57 Learn More
0.20% $500 5152.51 Learn More
0.20% $2,500 5298.19 Learn More
0.20% $1,000 5276.69 Learn More
0.20% $25,000 5260.55 Learn More
0.20% $500 0.00 Learn More
0.20% $500 5167.01 Learn More
0.20% $500 5268.22 Learn More
0.20% $500 5332.04 Learn More
0.20% $500 5222.81 Learn More
0.20% $1,000 5214.10 Learn More
0.20% $500 5188.81 Learn More
0.20% $10,000 5299.55 Learn More
0.20% $1,000 5275.10 Learn More
0.20% $1,000 5182.44 Learn More
0.20% $500 5090.89 Learn More
0.20% $1,000 5312.36 Learn More
0.20% $1,000 5299.29 Learn More
0.20% $1,000 5298.50 Learn More
0.20% $1,000 5125.59 Learn More
0.17% $1,000 5138.69 Learn More
0.15% $500 5210.50 Learn More
0.15% $1,000 5137.73 Learn More
0.15% $500 5244.44 Learn More
0.15% $500 5152.51 Learn More
0.15% $100 5212.99 Learn More
0.15% $1,000 5299.40 Learn More
0.15% $500 5193.10 Learn More
0.15% $500 5213.35 Learn More
0.15% $1,000 5169.96 Learn More
0.15% $1,000 0.00 Learn More
0.15% $1,000 5147.95 Learn More
0.15% $1,000 5144.20 Learn More
0.15% $500 5234.70 Learn More
0.15% $500 5176.48 Learn More
0.15% $1,000 5271.06 Learn More
0.15% $1,000 5238.05 Learn More
0.15% $1,000 5162.64 Learn More
0.15% $1,000 5248.05 Learn More
0.15% $500 5180.53 Learn More
0.15% $500 5253.18 Learn More
0.15% $500 5279.98 Learn More
0.15% $500 5094.92 Learn More
0.15% $500 5238.78 Learn More
0.10% $2,500 5175.96 Learn More
0.10% $500 5247.82 Learn More
0.10% $10,000 5261.03 Learn More
0.10% $1,000 5298.30 Learn More
0.10% $500 5146.66 Learn More
0.10% $250 5236.67 Learn More
0.10% $500 5277.54 Learn More
0.10% $500 5260.55 Learn More
0.10% $500 5119.44 Learn More
0.10% $1,000 5169.96 Learn More
0.10% $1,000 5159.05 Learn More
0.10% $500 5143.60 Learn More
0.10% $500 5285.36 Learn More
0.10% $10,000 5186.60 Learn More
0.10% $1,000 5125.59 Learn More
0.10% $2,500 5170.19 Learn More
0.08% $500 5186.06 Learn More
0.07% $10,000 5119.48 Learn More
0.05% $10,000 5193.16 Learn More
0.05% $5,000 5287.33 Learn More
0.05% $2,000 5247.83 Learn More
0.05% $10,000 5257.45 Learn More
0.04% $10,000 5261.03 Learn More
0.01% $10,000 5200.20 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.

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 2020

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.

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