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Ohio CD Rates 2016

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 - December 6, 2016

1 Year CD National Average : 0.38% ?

Bank APY MIN MILES ?
The Home Savings And Loan Company Of Youngstown, Ohio 1.25% $500 -
United Midwest Savings Bank 1.25% $500 -
Columbus First Bank 1.05% $500 -
United Midwest Savings Bank 1.00% $500 -
Nationwide Bank 0.95% $100,000 -
Beal Bank, Ssb 0.91% $1,000 -
Nationwide Bank 0.90% $10,000 -
Ssb Community Bank 0.81% $10,000 -
Premier Bank & Trust 0.80% $1,000 -
New Carlisle Federal Savings Bank 0.80% $10,000 -
First Bank Of Ohio 0.75% $95,001 -
Perpetual Federal Savings Bank 0.75% $1,000 -
United Midwest Savings Bank 0.65% $500 -
First Federal Savings And Loan Association 0.65% $500 -
United Fidelity Bank, Fsb 0.65% $1,000 -
The First National Bank Of Germantown 0.65% $500 -
The Richwood Banking Company 0.60% $500 -
Watch Hill Bank 0.55% $500 -
The First National Bank Of Bellevue 0.55% $100,000 -
First City Bank 0.55% $500 -
The Arlington Bank 0.55% $1,000 -
Valley Central Bank 0.50% $1 -
Stock Yards Bank & Trust Company 0.50% $500 -
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 -
The Savings Bank 0.50% $1,000 -
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 -
Portage Community Bank 0.50% $1,000 -
American Savings Bank, Fsb 0.50% $500 -
City National Bank Of West Virginia 0.50% $500 -
Guardian Savings Bank, A Federal Savings Bank 0.50% $500 -
The Citizens Bank Company 0.47% $100,000 -
Fifth Third Bank 0.45% $100,000 -
Foundation Bank 0.45% $500 -
American Savings Bank, Fsb 0.45% $500 -
Spring Valley Bank 0.45% $1,000 -
First Federal Savings And Loan Association Of Lakewood 0.45% $100,000 -
The Citizens National Bank Of Mcconnelsville 0.42% $5,000 -
The First National Bank Of Dennison 0.41% $1,000 -
The First National Bank Of Bellevue 0.40% $500 -
New York Community Bank 0.40% $500 -
The Citizens Bank Of Logan, Ohio 0.40% $500 -
Chemical Bank 0.40% $100 -
Riverhills Bank 0.40% $500 -
Kingston National Bank 0.40% $1,000 -
The Cincinnatus Savings & Loan Co. 0.40% $1,000 -
Cfbank 0.40% $2,500 -
Nelsonville Home And Savings 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 -
The Hocking Valley Bank 0.40% $1,000 -
The Peoples Savings And Loan Company 0.35% $1,000 -
The Home Loan Savings Bank 0.35% $500 -
Geauga Savings Bank 0.35% $1,000 -
Northwest Bank 0.35% $500 -
The Waterford Commercial And Savings Bank 0.35% $50,000 -
The Harrison Building And Loan Association 0.35% $1,000 -
Eagle Savings Bank 0.35% $1,000 -
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 -
First National Bank In New Bremen 0.30% $500 -
First Commonwealth Bank 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 -
Mutual Federal Savings Bank, A Fsb 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 Wilmington Savings Bank 0.30% $500 -
Liberty Bank, National Association 0.30% $1,000 -
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 -
The Peoples National Bank Of Mount Pleasant 0.30% $1,000 -
The Marblehead Bank 0.30% $100,001 -
Buckeye Community Bank 0.30% $500 -
Portage Community Bank 0.30% $100,000 -
New Carlisle Federal Savings Bank 0.27% $50,000 -
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 -
First Federal Bank Of The Midwest 0.25% $10,000 -
Lcnb National Bank 0.25% $1,000 -
First Federal Savings And Loan Association Of Lorain 0.25% $100,000 -
The Fort Jennings State Bank 0.25% $500 -
Community Savings 0.25% $10,000 -
Commodore Bank 0.25% $100,000 -
The Peoples Bank Co. 0.25% $5,000 -
The Hamler State Bank 0.25% $5,000 -
First Federal Savings And Loan Association Of Lakewood 0.25% $500 -
Citizens Federal Savings And Loan Association 0.25% $500 -
The Apple Creek Banking Company 0.25% $500 -
New Carlisle Federal Savings Bank 0.25% $10,000 -
Home National Bank 0.25% $500 -
The Waterford Commercial And Savings Bank 0.25% $10,000 -
Ssb Community Bank 0.25% $1,000 -
The Covington Savings And Loan Association 0.25% $500 -
Fairfield Federal Savings And Loan Association Of Lancaster 0.25% $500 -
Peoples Bank 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 -
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 -
Buckeye Community Bank 0.25% $1,000 -
Woodsfield Savings Bank 0.25% $500 -
Buckeye State Bank 0.25% $500 -
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 -
Sutton Bank 0.20% $1,000 -
The Andover Bank 0.20% $1,000 -
Standing Stone Bank 0.20% $500 -
Commodore Bank 0.20% $1,000 -
The Ottoville Bank Company 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 -
The Fahey Banking Company 0.20% $500 -
The Ohio Valley Bank Company 0.20% $2,500 -
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 -
Branch Banking And Trust Company 0.20% $10,000 -
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 Sherwood State Bank 0.20% $1,000 -
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 -
The Huntington National Bank 0.20% $100,000 -
First Financial Bank, National Association 0.20% $500 -
Progressive Bank, National Association 0.20% $1,000 -
Mercer Savings Bank 0.19% $100 -
Home City Federal Savings Bank Of Springfield 0.18% $1,000 -
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 -
Mainsource Bank 0.15% $100,000 -
Peoples Federal Savings And Loan Association 0.15% $1,000 -
United Bank 0.15% $500 -
First Merchants Bank 0.15% $100,000 -
The First National Bank Of Sycamore 0.15% $1,000 -
The Bank Of Magnolia Company 0.15% $500 -
Branch Banking And Trust Company 0.15% $100,000 -
The Huntington National Bank 0.15% $10,000 -
The Citizens National Bank Of Bluffton 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 -
Ripley Federal Savings Bank 0.15% $1,000 -
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 -
Northwest Bank 0.15% $500 -
The Citizens Savings Bank 0.12% $1,000 -
First State Bank 0.12% $500 -
Fifth Third Bank 0.10% $10,000 -
First Federal Savings And Loan Association Of Lorain 0.10% $250 -
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 -
Mainsource Bank 0.10% $1 -
Liberty National Bank 0.10% $500 -
Consumers National Bank 0.10% $1,000 -
First Merchants Bank 0.10% $1,000 -
The Farmers And Merchants Bank 0.07% $10,000 -
The Croghan Colonial Bank 0.07% $500 -
The Marblehead Bank 0.07% $10,000 -
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.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2016

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, 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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  • Max

    June 07, 2016

    The Chase rates are not correct, in fact Chase never heard of these rates, if they are correct please inform Abilene and Dallas, I could use the rate as small as it may be, but better than most, if they exist. Thanks

  • joan

    June 06, 2016

    florida community bank 1.40% -9 months good all of june 2016

  • 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.

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