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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 4, 2016

1 Year CD National Average : 0.38% ?

Bank APY MIN MILES ?
Guardian Savings Bank, A Federal Savings Bank 1.15% $500 -
Union Savings Bank 1.15% $500 -
United Midwest Savings Bank 1.10% $500 -
Nationwide Bank 1.10% $100,000 -
Cfbank 1.05% $10,000 -
New York Community Bank 1.05% $500 -
Nationwide Bank 1.05% $10,000 -
Columbus First Bank 1.05% $500 -
United Midwest Savings Bank 1.00% $500 -
Premier Bank & Trust 0.80% $1,000 -
The Wilmington Savings Bank 0.80% $500 -
First Bank Of Ohio 0.75% $95,001 -
Perpetual Federal Savings Bank 0.75% $1,000 -
Beal Bank, Ssb 0.66% $1,000 -
United Midwest Savings Bank 0.65% $500 -
First Federal Savings And Loan Association 0.65% $500 -
The Somerville National Bank 0.65% $500 -
Ssb Community Bank 0.65% $10,000 -
United Fidelity Bank, Fsb 0.65% $1,000 -
The First National Bank Of Germantown 0.65% $500 -
The Farmers Bank And Savings Company 0.65% $10,000 -
The Savings Bank 0.60% $1,000 -
The Richwood Banking Company 0.60% $500 -
Mt Washington Savings Bank 0.55% $500 -
First City Bank 0.55% $500 -
Valley Central Bank 0.50% $1 -
Mutual Federal Savings Bank, A Fsb 0.50% $95,000 -
The National Bank Of Adams County Of West Union 0.50% $2,000 -
Union Savings Bank 0.50% $500 -
Peoples Savings And Loan Company 0.50% $1,000 -
Belmont Savings Bank 0.50% $98,000 -
The First Central National Bank Of St. Paris 0.50% $1,000 -
The First National Bank Of Powhatan Point 0.50% $500 -
The Farmers Bank And Savings Company 0.50% $2,500 -
Lake National Bank 0.50% $500 -
Cheviot Savings Bank 0.50% $500 -
The First National Bank Of Bellevue 0.50% $100,000 -
Portage Community Bank 0.50% $1,000 -
Guardian Savings Bank, A Federal Savings Bank 0.50% $500 -
The Citizens Bank Company 0.47% $100,000 -
Foundation Bank 0.45% $500 -
Spring Valley Bank 0.45% $1,000 -
First Federal Savings And Loan Association 0.45% $100,000 -
The Arlington Bank 0.45% $1,000 -
Eagle Savings Bank 0.45% $1,000 -
American Savings Bank, Fsb 0.45% $500 -
The First National Bank Of Dennison 0.41% $1,000 -
Stock Yards Bank & Trust Company 0.40% $500 -
The Citizens Bank Of Logan, Ohio 0.40% $500 -
Riverhills Bank 0.40% $500 -
The Milton Banking Company 0.40% $1,000 -
Kingston National Bank 0.40% $1,000 -
The Cincinnatus Savings & Loan Co. 0.40% $1,000 -
The First National Bank Of Mcconnelsville 0.40% $500 -
Hometown Bank 0.40% $500 -
Centerbank 0.40% $500 -
The North Side Bank And Trust Company 0.40% $500 -
First Commonwealth Bank 0.40% $500 -
The Hocking Valley Bank 0.40% $1,000 -
Geauga Savings Bank 0.40% $1,000 -
The Peoples Savings And Loan Company 0.35% $1,000 -
The Home Loan Savings Bank 0.35% $500 -
City National Bank Of West Virginia 0.35% $500 -
The Waterford Commercial And Savings Bank 0.35% $50,000 -
The Harrison Building And Loan Association 0.35% $1,000 -
The First National Bank Of Bellevue 0.35% $500 -
Fcn Bank, National Association 0.35% $100,000 -
Minster Bank 0.35% $5,000 -
The Farmers & Merchants State Bank 0.33% $100,000 -
Home National Bank 0.32% $100,000 -
Progressive Bank, National Association 0.30% $1,000 -
First National Bank In New Bremen 0.30% $500 -
Galion Building And Loan Bank 0.30% $1,000 -
The Park National Bank 0.30% $1,000 -
First National Bank Of Pennsylvania 0.30% $500 -
The Vinton County National Bank 0.30% $1,000 -
The Peoples Bank Co. 0.30% $5,000 -
Mutual Federal Savings Bank, A Fsb 0.30% $1,000 -
Nelsonville Home And Savings 0.30% $1,000 -
The Cortland Savings And Banking Company 0.30% $5,000 -
The Brookville Building And Savings Association 0.30% $500 -
The Delaware County Bank And Trust Company 0.30% $1,000 -
Home Savings Bank Of Wapakoneta 0.30% $500 -
The Killbuck Savings Bank Company 0.30% $100,000 -
The First National Bank Of Pandora 0.30% $1,000 -
Third Federal Savings And Loan Association Of Cleveland 0.30% $500 -
First Federal Savings And Loan Association Of Lorain 0.30% $100,000 -
Northwest Bank 0.30% $500 -
Buckeye Community Bank 0.30% $500 -
Portage Community Bank 0.30% $100,000 -
The Marblehead Bank 0.29% $100,001 -
First Merchants Bank National Association 0.27% $100,000 -
The Settlers Bank 0.27% $2,500 -
Heartland Bank 0.26% $500 -
Monroe Federal Savings And Loan Association 0.26% $1,000 -
The Genoa Banking Company 0.26% $1,000 -
The Park National Bank 0.25% $1,000 -
First Federal Bank Of The Midwest 0.25% $10,000 -
Lcnb National Bank 0.25% $1,000 -
The Fort Jennings State Bank 0.25% $500 -
Community Savings 0.25% $10,000 -
Commodore Bank 0.25% $100,000 -
The Hamler State Bank 0.25% $5,000 -
The Sherwood State Bank 0.25% $1,000 -
First Federal Savings And Loan Association 0.25% $500 -
Citizens Federal Savings And Loan Association 0.25% $500 -
The Apple Creek Banking Company 0.25% $500 -
Home National Bank 0.25% $500 -
The Waterford Commercial And Savings Bank 0.25% $10,000 -
Ssb Community Bank 0.25% $1,000 -
Fairfield Federal Savings And Loan Association Of Lancaster 0.25% $500 -
Peoples Bank, National Association 0.25% $500 -
The Citizens National Bank Of Woodsfield 0.25% $5,000 -
The Citizens Bank Company 0.25% $7,500 -
Benchmark Bank 0.25% $500 -
Civista Bank 0.25% $100,000 -
The Corn City State Bank 0.25% $1,000 -
The Hicksville Bank 0.25% $500 -
The Henry County Bank 0.25% $5,000 -
First Safety Bank 0.25% $1,000 -
Farmers & Merchants Bank 0.25% $1,000 -
Greenville Federal 0.25% $500 -
The Antwerp Exchange Bank Company 0.25% $500 -
American Savings Bank 0.25% $500 -
Peoples Federal Savings And Loan Association 0.25% $100,000 -
The Killbuck Savings Bank Company 0.25% $500 -
The Covington Savings And Loan Association 0.25% $500 -
Buckeye Community Bank 0.25% $1,000 -
Woodsfield Savings Bank 0.25% $500 -
Home City Federal Savings Bank Of Springfield 0.25% $1,000 -
Buckeye State Bank 0.25% $500 -
The Citizens National Bank Of Mcconnelsville 0.25% $5,000 -
Belmont Savings Bank 0.25% $500 -
Fcn Bank, National Association 0.25% $1,000 -
The Farmers And Merchants Bank 0.25% $10,000 -
Mechanics Bank 0.23% $500 -
Pnc Bank, National Association 0.22% $100,000 -
National Cooperative Bank, N.a. 0.22% $500 -
The Peoples Savings Bank 0.21% $500 -
The Farmers & Merchants State Bank 0.21% $2,500 -
Wayne Savings Community Bank 0.21% $500 -
The Cortland Savings And Banking Company 0.20% $1,000 -
Greenville National Bank 0.20% $1,000 -
The Metamora State Bank 0.20% $10,000 -
First Federal Bank Of Ohio 0.20% $100 -
Cnb Bank 0.20% $500 -
The Commercial And Savings Bank Of Millersburg, Ohio 0.20% $500 -
Firstmerit Bank, National Association 0.20% $100,000 -
Sutton Bank 0.20% $1,000 -
The Andover Bank 0.20% $1,000 -
Commodore Bank 0.20% $1,000 -
The Ottoville Bank Company 0.20% $1,000 -
The Peoples National Bank Of Mount Pleasant 0.20% $1,000 -
The Merchants National Bank 0.20% $1,000 -
The Rockhold, Brown & Company Bank 0.20% $1,000 -
The Republic Banking Company 0.20% $500 -
The St. Henry Bank 0.20% $1,000 -
The Community Bank 0.20% $2,500 -
The Monitor Bank 0.20% $500 -
First Federal Savings And Loan Association Of Van Wert 0.20% $2,500 -
Wesbanco Bank, Inc. 0.20% $1,000 -
New Carlisle Federal Savings Bank 0.20% $50,000 -
The Fahey Banking Company 0.20% $500 -
The Ohio Valley Bank Company 0.20% $2,500 -
Standing Stone Bank 0.20% $5,000 -
The Mt. Victory State Bank 0.20% $500 -
Van Wert Federal Savings Bank 0.20% $1,000 -
Dollar Bank, Federal Savings Bank 0.20% $2,500 -
Belpre Savings Bank 0.20% $500 -
The First National Bank Of Waverly 0.20% $1,000 -
North Valley Bank 0.20% $1 -
The Park National Bank 0.20% $1,000 -
The Home Savings And Loan Company Of Youngstown, Ohio 0.20% $500 -
Civista Bank 0.20% $500 -
The Peoples Savings Bank 0.20% $500 -
The Middlefield Banking Company 0.20% $500 -
Pnc Bank, National Association 0.20% $100,000 -
The Osgood State Bank 0.20% $1,000 -
The Edon State Bank Company Of Edon, Ohio 0.20% $500 -
The State Bank And Trust Company 0.20% $1,000 -
The Peoples National Bank Of New Lexington 0.20% $1,000 -
Liberty Bank 0.20% $1,000 -
First Financial Bank, National Association 0.20% $500 -
Talmer Bank And Trust 0.20% $500 -
The Citizens National Bank Of Bluffton 0.20% $500 -
Mercer Savings Bank 0.19% $100 -
New Carlisle Federal Savings Bank 0.18% $10,000 -
First Bank Of Ohio 0.18% $500 -
Pnc Bank, National Association 0.18% $10,000 -
The Commercial Savings Bank 0.18% $500 -
Farmers State Bank 0.17% $500 -
The Home Savings And Loan Company Of Kenton, Ohio 0.15% $500 -
Fifth Third Bank 0.15% $10,000 -
Mainsource Bank 0.15% $1 -
Peoples Federal Savings And Loan Association 0.15% $1,000 -
United Bank 0.15% $500 -
The First National Bank Of Sycamore 0.15% $1,000 -
First Federal Savings And Loan Association Of Lorain 0.15% $250 -
First Merchants Bank National Association 0.15% $100,000 -
Firstmerit Bank, National Association 0.15% $10,000 -
The Bank Of Magnolia Company 0.15% $500 -
Pnc Bank, National Association 0.15% $10,000 -
First Federal Community Bank Of Bucyrus 0.15% $1,000 -
Keybank National Association 0.15% $10,000 -
The Farmers State Bank 0.15% $1,000 -
Minster Bank 0.15% $10,000 -
Citizens Deposit Bank & Trust 0.15% $500 -
The Somerville National Bank 0.15% $500 -
First Federal Savings And Loan Association 0.15% $500 -
Northwest Bank 0.15% $500 -
Ripley Federal Savings Bank 0.15% $1,000 -
Branch Banking And Trust Company 0.15% $10,000 -
Liberty National Bank 0.15% $25,000 -
The Old Fort Banking Company 0.15% $1,000 -
The Farmers National Bank Of Canfield 0.15% $500 -
Woodforest National Bank 0.15% $500 -
The Citizens Savings Bank 0.12% $1,000 -
First Merchants Bank National Association 0.12% $1,000 -
First State Bank 0.12% $500 -
First Bank Of Berne 0.10% $1,000 -
The Huntington National Bank 0.10% $10,000 -
U.s. Bank National Association 0.10% $10,000 -
Cfbank 0.10% $2,500 -
Liberty National Bank 0.10% $500 -
Consumers National Bank 0.10% $1,000 -
First Merchants Bank National Association 0.10% $1,000 -
The Farmers And Merchants Bank 0.07% $10,000 -
The Croghan Colonial Bank 0.07% $500 -
The Marblehead Bank 0.06% $10,000 -
Fifth Third Bank 0.05% $100,000 -
Wells Fargo Bank, National Association 0.05% $10,000 -
Community First Bank, National Association 0.05% $500 -
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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