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Ohio CD Rates

Below are the best one year CD Rates from banks in 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.

OH - May 31, 2016

1 Year CD National Average : 0.38% ?

Bank APY MIN MILES ?
Guardian Savings Bank, A Federal Savings Bank 1.15% $500 -
United Midwest Savings Bank 1.10% $500 -
Nationwide Bank 1.10% $100,000 -
New York Community Bank 1.05% $500 -
Cfbank 1.05% $10,000 -
Nationwide Bank 1.05% $10,000 -
Columbus First Bank 1.05% $500 -
The Wilmington Savings Bank 0.80% $500 -
Premier Bank & Trust 0.80% $1,000 -
First Bank Of Ohio 0.75% $95,001 -
Perpetual Federal Savings Bank 0.75% $1,000 -
United Midwest Savings Bank 0.75% $500 -
Beal Bank, Ssb 0.66% $1,000 -
The Farmers Bank And Savings Company 0.65% $10,000 -
The First National Bank Of Germantown 0.65% $500 -
The Somerville National Bank 0.65% $500 -
First Federal Savings And Loan Association 0.65% $500 -
United Fidelity Bank, Fsb 0.65% $1,000 -
Ssb Community Bank 0.65% $10,000 -
United Midwest Savings Bank 0.65% $500 -
The Richwood Banking Company 0.60% $500 -
The Savings Bank 0.60% $1,000 -
Mt Washington Savings Bank 0.55% $500 -
First City Bank 0.55% $500 -
The First Central National Bank Of St. Paris 0.55% $1,000 -
The Farmers Bank And Savings Company 0.50% $2,500 -
The First National Bank Of Bellevue 0.50% $100,000 -
The National Bank Of Adams County Of West Union 0.50% $2,000 -
The First National Bank Of Powhatan Point 0.50% $500 -
Guardian Savings Bank, A Federal Savings Bank 0.50% $500 -
Belmont Savings Bank 0.50% $98,000 -
Valley Central Bank 0.50% $1 -
Peoples Savings And Loan Company 0.50% $1,000 -
Mutual Federal Savings Bank, A Fsb 0.50% $95,000 -
Union Savings Bank 0.50% $500 -
Portage Community Bank 0.50% $1,000 -
Lake National Bank 0.50% $500 -
The Citizens Bank Company 0.47% $100,000 -
Foundation Bank 0.45% $500 -
First Federal Savings And Loan Association 0.45% $100,000 -
American Savings Bank, Fsb 0.45% $500 -
Eagle Savings Bank 0.45% $1,000 -
Spring Valley Bank 0.45% $1,000 -
The Arlington Bank 0.45% $1,000 -
The Citizens National Bank Of Mcconnelsville 0.42% $5,000 -
The First National Bank Of Dennison 0.41% $1,000 -
Stock Yards Bank & Trust Company 0.40% $500 -
Kingston National Bank 0.40% $1,000 -
The First National Bank Of Mcconnelsville 0.40% $500 -
Riverhills Bank 0.40% $500 -
First Commonwealth Bank 0.40% $500 -
The North Side Bank And Trust Company 0.40% $500 -
The Milton Banking Company 0.40% $1,000 -
The Citizens Bank Of Logan, Ohio 0.40% $500 -
The Hocking Valley Bank 0.40% $1,000 -
Nelsonville Home And Savings 0.40% $1,000 -
The Cincinnatus Savings & Loan Co. 0.40% $1,000 -
Hometown Bank 0.40% $500 -
Geauga Savings Bank 0.40% $1,000 -
Centerbank 0.40% $500 -
Minster Bank 0.35% $5,000 -
Fcn Bank, National Association 0.35% $100,000 -
The First National Bank Of Bellevue 0.35% $500 -
The Waterford Commercial And Savings Bank 0.35% $50,000 -
City National Bank Of West Virginia 0.35% $500 -
The Harrison Building And Loan Association 0.35% $1,000 -
The Home Loan Savings Bank 0.35% $500 -
The Peoples Savings And Loan Company 0.35% $1,000 -
The Farmers & Merchants State Bank 0.33% $100,000 -
Home National Bank 0.32% $100,000 -
The Cortland Savings And Banking Company 0.30% $5,000 -
The Vinton County National Bank 0.30% $1,000 -
The Park National Bank 0.30% $1,000 -
The First National Bank Of Pandora 0.30% $1,000 -
First National Bank Of Pennsylvania 0.30% $500 -
Progressive Bank, National Association 0.30% $1,000 -
The Killbuck Savings Bank Company 0.30% $100,000 -
The Peoples Bank Co. 0.30% $5,000 -
First National Bank In New Bremen 0.30% $500 -
The Delaware County Bank And Trust Company 0.30% $1,000 -
The Brookville Building And Savings Association 0.30% $500 -
Mutual Federal Savings Bank, A Fsb 0.30% $1,000 -
Third Federal Savings And Loan Association Of Cleveland 0.30% $500 -
Home Savings Bank Of Wapakoneta 0.30% $500 -
Galion Building And Loan Bank 0.30% $1,000 -
Portage Community Bank 0.30% $100,000 -
Buckeye Community Bank 0.30% $500 -
The Marblehead Bank 0.29% $100,001 -
First Merchants Bank National Association 0.27% $100,000 -
The Settlers Bank 0.27% $2,500 -
The Genoa Banking Company 0.26% $1,000 -
Monroe Federal Savings And Loan Association 0.26% $1,000 -
The Apple Creek Banking Company 0.25% $500 -
Buckeye State Bank 0.25% $500 -
Commodore Bank 0.25% $100,000 -
Fcn Bank, National Association 0.25% $1,000 -
Peoples Bank, National Association 0.25% $500 -
Lcnb National Bank 0.25% $1,000 -
The Park National Bank 0.25% $1,000 -
Home National Bank 0.25% $500 -
The Citizens National Bank Of Woodsfield 0.25% $5,000 -
The Waterford Commercial And Savings Bank 0.25% $10,000 -
Farmers & Merchants Bank 0.25% $1,000 -
The Citizens Bank Company 0.25% $7,500 -
The Farmers And Merchants Bank 0.25% $10,000 -
The Killbuck Savings Bank Company 0.25% $500 -
The Corn City State Bank 0.25% $1,000 -
Civista Bank 0.25% $100,000 -
The Fort Jennings State Bank 0.25% $500 -
The Antwerp Exchange Bank Company 0.25% $500 -
The Hamler State Bank 0.25% $5,000 -
The Henry County Bank 0.25% $5,000 -
The Sherwood State Bank 0.25% $1,000 -
The Hicksville Bank 0.25% $500 -
First Safety Bank 0.25% $1,000 -
Fairfield Federal Savings And Loan Association Of Lancaster 0.25% $500 -
Greenville Federal 0.25% $500 -
Community Savings 0.25% $10,000 -
Citizens Federal Savings And Loan Association 0.25% $500 -
The Covington Savings And Loan Association 0.25% $500 -
Belmont Savings Bank 0.25% $500 -
Home City Federal Savings Bank Of Springfield 0.25% $1,000 -
First Federal Savings And Loan Association 0.25% $500 -
Peoples Federal Savings And Loan Association 0.25% $100,000 -
First Federal Savings And Loan Association Of Lorain 0.25% $100,000 -
First Federal Bank Of The Midwest 0.25% $10,000 -
Ssb Community Bank 0.25% $1,000 -
American Savings Bank 0.25% $500 -
Woodsfield Savings Bank 0.25% $500 -
Buckeye Community Bank 0.25% $1,000 -
Benchmark Bank 0.25% $500 -
Mechanics Bank 0.23% $500 -
Pnc Bank, National Association 0.22% $100,000 -
National Cooperative Bank, N.a. 0.22% $500 -
The Farmers & Merchants State Bank 0.21% $2,500 -
Wayne Savings Community Bank 0.21% $500 -
The Peoples Savings Bank 0.21% $500 -
The Ohio Valley Bank Company 0.20% $2,500 -
Wesbanco Bank, Inc. 0.20% $1,000 -
The Fahey Banking Company 0.20% $500 -
The Cortland Savings And Banking Company 0.20% $1,000 -
North Valley Bank 0.20% $1 -
Commodore Bank 0.20% $1,000 -
Sutton Bank 0.20% $1,000 -
The Community Bank 0.20% $2,500 -
Pnc Bank, National Association 0.20% $100,000 -
The Citizens National Bank Of Bluffton 0.20% $500 -
First Financial Bank, National Association 0.20% $500 -
The Merchants National Bank 0.20% $1,000 -
The Peoples National Bank Of Mount Pleasant 0.20% $1,000 -
The Park National Bank 0.20% $1,000 -
The Peoples National Bank Of New Lexington 0.20% $1,000 -
The First National Bank Of Waverly 0.20% $1,000 -
The Ottoville Bank Company 0.20% $1,000 -
The Osgood State Bank 0.20% $1,000 -
The Commercial And Savings Bank Of Millersburg, Ohio 0.20% $500 -
The Mt. Victory State Bank 0.20% $500 -
The Peoples Savings Bank 0.20% $500 -
The Republic Banking Company 0.20% $500 -
The St. Henry Bank 0.20% $1,000 -
The Andover Bank 0.20% $1,000 -
Civista Bank 0.20% $500 -
The Edon State Bank Company Of Edon, Ohio 0.20% $500 -
The State Bank And Trust Company 0.20% $1,000 -
Firstmerit Bank, National Association 0.20% $100,000 -
Greenville National Bank 0.20% $1,000 -
The Middlefield Banking Company 0.20% $500 -
Cnb Bank 0.20% $500 -
The Metamora State Bank 0.20% $10,000 -
The Rockhold, Brown & Company Bank 0.20% $1,000 -
The Monitor Bank 0.20% $500 -
Standing Stone Bank 0.20% $500 -
First Federal Bank Of Ohio 0.20% $100 -
The Home Savings And Loan Company Of Youngstown, Ohio 0.20% $500 -
Liberty Bank 0.20% $1,000 -
First Federal Savings And Loan Association Of Van Wert 0.20% $2,500 -
New Carlisle Federal Savings Bank 0.20% $50,000 -
Van Wert Federal Savings Bank 0.20% $1,000 -
Belpre Savings Bank 0.20% $500 -
Dollar Bank, Federal Savings Bank 0.20% $2,500 -
Talmer Bank And Trust 0.20% $500 -
Mercer Savings Bank 0.19% $100 -
The Commercial Savings Bank 0.18% $500 -
Pnc Bank, National Association 0.18% $10,000 -
First Bank Of Ohio 0.18% $500 -
New Carlisle Federal Savings Bank 0.18% $10,000 -
Farmers State Bank 0.17% $500 -
Minster Bank 0.15% $10,000 -
The Bank Of Magnolia Company 0.15% $500 -
First Merchants Bank National Association 0.15% $100,000 -
Mainsource Bank 0.15% $1 -
Pnc Bank, National Association 0.15% $10,000 -
Liberty National Bank 0.15% $25,000 -
The Farmers National Bank Of Canfield 0.15% $500 -
The Somerville National Bank 0.15% $500 -
The First National Bank Of Sycamore 0.15% $1,000 -
United Bank 0.15% $500 -
Branch Banking And Trust Company 0.15% $10,000 -
The Old Fort Banking Company 0.15% $1,000 -
Citizens Deposit Bank & Trust 0.15% $500 -
Firstmerit Bank, National Association 0.15% $10,000 -
The Farmers State Bank 0.15% $1,000 -
Keybank National Association 0.15% $10,000 -
Woodforest National Bank 0.15% $500 -
Northwest Bank 0.15% $500 -
Ripley Federal Savings Bank 0.15% $1,000 -
First Federal Savings And Loan Association 0.15% $500 -
The Home Savings And Loan Company Of Kenton, Ohio 0.15% $500 -
Peoples Federal Savings And Loan Association 0.15% $1,000 -
First Federal Community Bank Of Bucyrus 0.15% $1,000 -
First Merchants Bank National Association 0.12% $1,000 -
First State Bank 0.12% $500 -
The Citizens Savings Bank 0.12% $1,000 -
First Merchants Bank National Association 0.10% $1,000 -
Liberty National Bank 0.10% $500 -
U.s. Bank National Association 0.10% $10,000 -
The Huntington National Bank 0.10% $10,000 -
Fifth Third Bank 0.10% $10,000 -
First Bank Of Berne 0.10% $1,000 -
Consumers National Bank 0.10% $1,000 -
Cfbank 0.10% $2,500 -
First Federal Savings And Loan Association Of Lorain 0.10% $250 -
The Farmers And Merchants Bank 0.07% $10,000 -
The Croghan Colonial Bank 0.07% $500 -
The Marblehead Bank 0.06% $10,000 -
Wells Fargo Bank, National Association 0.05% $10,000 -
Community First Bank, National Association 0.05% $500 -
Fifth Third Bank 0.05% $100,000 -
The Union Bank Company 0.03% $500 -
Citizens Bank, National Association 0.03% $1,000 -
The First Citizens National Bank Of Upper Sandusky 0.02% $2,000 -
First Federal Community Bank, National Association 0.02% $500 -
Jpmorgan Chase Bank, National Association 0.01% $10,000 -

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

  • Tammie H.

    April 19, 2016

    Hello,

    I was just wondering if the rates posted on this site were current?

    I noticed at the top it does have todays date.

    Thank you.

  • boo

    April 13, 2016

    rates suck

  • Dan

    March 14, 2016

    The local offerings are there. Just put in your zip code. Click the link that says: Change zip.

  • F Jamees

    March 14, 2016

    Where are the local offerings of 71913. They use to be for local banks, we miss them. F James

  • Larry Triemer (ltriemer@yahoo.com)

    March 02, 2016

    I stopped receiving my weekly bank rates and wanted you to resume sending them. I registered today, again, using my work e-mail and would like for you to send them to the abovementioned e=mail address.

    Thank you,

    Larry Triemer+

  • jim

    February 12, 2016

    bank of Ontario (Ontario wi) offering 1 year ira cd for 1.9%

  • mike

    February 07, 2016

    Why can banks 100 miles away offer rates 5 to 6 time higher on a one year CD , seems banks and or there management in this area simply refuse to be competitive and show no respect for the people , neighbors and area they live and work in.

  • Braun

    December 30, 2015

    @Brian. Click the tabs at the top. You can choose the rate term you want.

  • Brian

    December 30, 2015

    Where are the 60 month CD rates?

  • won't say

    November 05, 2015

    where are the local banks?

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Certificates of Deposit - Branch Banks

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.

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.

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.

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