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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 - February 8, 2016

1 Year CD National Average : 0.37% ?

Bank APY MIN MILES ?
New York Community Bank 1.25% $500 - Learn MoreShow Less
Guardian Savings Bank, A Federal Savings Bank 1.15% $500 - Learn MoreShow Less
United Midwest Savings Bank 1.10% $500 - Learn MoreShow Less
Columbus First Bank 1.10% $500 - Learn MoreShow Less
Nationwide Bank 1.10% $100,000 - Learn MoreShow Less
Nationwide Bank 1.05% $10,000 - Learn MoreShow Less
Mt Washington Savings Bank 1.01% $500 - Learn MoreShow Less
United Midwest Savings Bank 1.00% $500 - Learn MoreShow Less
The Wilmington Savings Bank 0.80% $500 - Learn MoreShow Less
Eagle Savings Bank 0.80% $1,000 - Learn MoreShow Less
First Bank Of Ohio 0.75% $95,001 - Learn MoreShow Less
Perpetual Federal Savings Bank 0.75% $1,000 - Learn MoreShow Less
Beal Bank, Ssb 0.66% $1,000 - Learn MoreShow Less
The Somerville National Bank 0.65% $500 - Learn MoreShow Less
Ssb Community Bank 0.65% $10,000 - Learn MoreShow Less
First Federal Savings And Loan Association 0.65% $1,000 - Learn MoreShow Less
The First National Bank Of Germantown 0.65% $500 - Learn MoreShow Less
The Farmers Bank And Savings Company 0.65% $10,000 - Learn MoreShow Less
The Savings Bank 0.60% $1,000 - Learn MoreShow Less
The Richwood Banking Company 0.60% $500 - Learn MoreShow Less
First City Bank 0.55% $500 - Learn MoreShow Less
Valley Central Bank 0.50% $1 - Learn MoreShow Less
The National Bank Of Adams County Of West Union 0.50% $2,000 - Learn MoreShow Less
Union Savings Bank 0.50% $500 - Learn MoreShow Less
Peoples Savings And Loan Company 0.50% $1,000 - Learn MoreShow Less
Belmont Savings Bank 0.50% $98,000 - Learn MoreShow Less
The First National Bank Of Powhatan Point 0.50% $500 - Learn MoreShow Less
The Farmers Bank And Savings Company 0.50% $2,500 - Learn MoreShow Less
Lake National Bank 0.50% $500 - Learn MoreShow Less
Cheviot Savings Bank 0.50% $500 - Learn MoreShow Less
United Midwest Savings Bank 0.50% $500 - Learn MoreShow Less
Portage Community Bank 0.50% $1,000 - Learn MoreShow Less
Guardian Savings Bank, A Federal Savings Bank 0.50% $500 - Learn MoreShow Less
The First Central National Bank Of St. Paris 0.47% $1,000 - Learn MoreShow Less
The Citizens Bank Company 0.47% $100,000 - Learn MoreShow Less
Foundation Bank 0.45% $500 - Learn MoreShow Less
Spring Valley Bank 0.45% $1,000 - Learn MoreShow Less
First Federal Savings And Loan Association 0.45% $100,000 - Learn MoreShow Less
The Arlington Bank 0.45% $1,000 - Learn MoreShow Less
Eagle Savings Bank 0.45% $1,000 - Learn MoreShow Less
American Savings Bank, Fsb 0.45% $500 - Learn MoreShow Less
The First National Bank Of Dennison 0.41% $1,000 - Learn MoreShow Less
Stock Yards Bank & Trust Company 0.40% $500 - Learn MoreShow Less
Riverhills Bank 0.40% $500 - Learn MoreShow Less
The Milton Banking Company 0.40% $1,000 - Learn MoreShow Less
Kingston National Bank 0.40% $1,000 - Learn MoreShow Less
The Cincinnatus Savings & Loan Co. 0.40% $1,000 - Learn MoreShow Less
The First National Bank Of Bellevue 0.40% $100,000 - Learn MoreShow Less
Hometown Bank 0.40% $500 - Learn MoreShow Less
Centerbank 0.40% $500 - Learn MoreShow Less
The North Side Bank And Trust Company 0.40% $500 - Learn MoreShow Less
City National Bank Of West Virginia 0.40% $500 - Learn MoreShow Less
Geauga Savings Bank 0.40% $1,000 - Learn MoreShow Less
The Peoples Savings And Loan Company 0.35% $1,000 - Learn MoreShow Less
Mt Washington Savings Bank 0.35% $500 - Learn MoreShow Less
The Waterford Commercial And Savings Bank 0.35% $50,000 - Learn MoreShow Less
The Harrison Building And Loan Association 0.35% $1,000 - Learn MoreShow Less
First Federal Savings And Loan Association Of Lorain 0.35% $100,000 - Learn MoreShow Less
Minster Bank 0.35% $5,000 - Learn MoreShow Less
The Farmers & Merchants State Bank 0.33% $100,000 - Learn MoreShow Less
Home National Bank 0.32% $100,000 - Learn MoreShow Less
Progressive Bank, National Association 0.30% $1,000 - Learn MoreShow Less
First National Bank In New Bremen 0.30% $500 - Learn MoreShow Less
Galion Building And Loan Bank 0.30% $1,000 - Learn MoreShow Less
The Park National Bank 0.30% $1,000 - Learn MoreShow Less
First National Bank Of Pennsylvania 0.30% $500 - Learn MoreShow Less
The Vinton County National Bank 0.30% $1,000 - Learn MoreShow Less
The Peoples Bank Co. 0.30% $5,000 - Learn MoreShow Less
Nelsonville Home And Savings 0.30% $1,000 - Learn MoreShow Less
The Citizens Bank Of Logan, Ohio 0.30% $500 - Learn MoreShow Less
The Cortland Savings And Banking Company 0.30% $5,000 - Learn MoreShow Less
The Brookville Building And Savings Association 0.30% $500 - Learn MoreShow Less
The Delaware County Bank And Trust Company 0.30% $1,000 - Learn MoreShow Less
Liberty National Bank 0.30% $5,000 - Learn MoreShow Less
Home Savings Bank Of Wapakoneta 0.30% $500 - Learn MoreShow Less
Mutual Federal Savings Bank, A Fsb 0.30% $1,000 - Learn MoreShow Less
The Killbuck Savings Bank Company 0.30% $100,000 - Learn MoreShow Less
New York Community Bank 0.30% $500 - Learn MoreShow Less
The First National Bank Of Pandora 0.30% $1,000 - Learn MoreShow Less
Third Federal Savings And Loan Association Of Cleveland 0.30% $500 - Learn MoreShow Less
Northwest Bank 0.30% $500 - Learn MoreShow Less
The Genoa Banking Company 0.30% $1,000 - Learn MoreShow Less
The Hocking Valley Bank 0.30% $1,000 - Learn MoreShow Less
Buckeye Community Bank 0.30% $500 - Learn MoreShow Less
Portage Community Bank 0.30% $100,000 - Learn MoreShow Less
The Marblehead Bank 0.28% $100,001 - Learn MoreShow Less
First Merchants Bank National Association 0.27% $100,000 - Learn MoreShow Less
The Settlers Bank 0.27% $2,500 - Learn MoreShow Less
Heartland Bank 0.26% $500 - Learn MoreShow Less
Monroe Federal Savings And Loan Association 0.26% $1,000 - Learn MoreShow Less
The Park National Bank 0.25% $1,000 - Learn MoreShow Less
First Federal Bank Of The Midwest 0.25% $10,000 - Learn MoreShow Less
Lcnb National Bank 0.25% $1,000 - Learn MoreShow Less
The Fort Jennings State Bank 0.25% $500 - Learn MoreShow Less
Community Savings 0.25% $10,000 - Learn MoreShow Less
Commodore Bank 0.25% $100,000 - Learn MoreShow Less
The Hamler State Bank 0.25% $5,000 - Learn MoreShow Less
The Home Loan Savings Bank 0.25% $500 - Learn MoreShow Less
The First National Bank Of Mcconnelsville 0.25% $500 - Learn MoreShow Less
The Sherwood State Bank 0.25% $1,000 - Learn MoreShow Less
First Federal Savings And Loan Association 0.25% $500 - Learn MoreShow Less
Citizens Federal Savings And Loan Association 0.25% $500 - Learn MoreShow Less
Home National Bank 0.25% $500 - Learn MoreShow Less
The First National Bank Of Bellevue 0.25% $500 - Learn MoreShow Less
The Waterford Commercial And Savings Bank 0.25% $10,000 - Learn MoreShow Less
Ssb Community Bank 0.25% $1,000 - Learn MoreShow Less
Fairfield Federal Savings And Loan Association Of Lancaster 0.25% $500 - Learn MoreShow Less
Peoples Bank, National Association 0.25% $500 - Learn MoreShow Less
The Citizens National Bank Of Woodsfield 0.25% $5,000 - Learn MoreShow Less
The Citizens Bank Company 0.25% $7,500 - Learn MoreShow Less
Benchmark Bank 0.25% $500 - Learn MoreShow Less
Liberty National Bank 0.25% $2,500 - Learn MoreShow Less
Civista Bank 0.25% $100,000 - Learn MoreShow Less
The Corn City State Bank 0.25% $1,000 - Learn MoreShow Less
The Hicksville Bank 0.25% $500 - Learn MoreShow Less
The Henry County Bank 0.25% $5,000 - Learn MoreShow Less
First Safety Bank 0.25% $1,000 - Learn MoreShow Less
Farmers & Merchants Bank 0.25% $1,000 - Learn MoreShow Less
Greenville Federal 0.25% $500 - Learn MoreShow Less
The Antwerp Exchange Bank Company 0.25% $500 - Learn MoreShow Less
American Savings Bank 0.25% $500 - Learn MoreShow Less
Peoples Federal Savings And Loan Association 0.25% $100,000 - Learn MoreShow Less
The Killbuck Savings Bank Company 0.25% $500 - Learn MoreShow Less
The Covington Savings And Loan Association 0.25% $500 - Learn MoreShow Less
Buckeye Community Bank 0.25% $1,000 - Learn MoreShow Less
Woodsfield Savings Bank 0.25% $500 - Learn MoreShow Less
Buckeye State Bank 0.25% $500 - Learn MoreShow Less
The Citizens National Bank Of Mcconnelsville 0.25% $5,000 - Learn MoreShow Less
Belmont Savings Bank 0.25% $500 - Learn MoreShow Less
The Peoples Bank 0.25% $1,000 - Learn MoreShow Less
Mechanics Bank 0.23% $500 - Learn MoreShow Less
Pnc Bank, National Association 0.22% $100,000 - Learn MoreShow Less
National Cooperative Bank, N.a. 0.22% $500 - Learn MoreShow Less
The Peoples Savings Bank 0.21% $500 - Learn MoreShow Less
The Farmers & Merchants State Bank 0.21% $2,500 - Learn MoreShow Less
Wayne Savings Community Bank 0.21% $500 - Learn MoreShow Less
The Cortland Savings And Banking Company 0.20% $1,000 - Learn MoreShow Less
Greenville National Bank 0.20% $1,000 - Learn MoreShow Less
The Metamora State Bank 0.20% $10,000 - Learn MoreShow Less
First Federal Bank Of Ohio 0.20% $100 - Learn MoreShow Less
The Commercial And Savings Bank Of Millersburg, Ohio 0.20% $500 - Learn MoreShow Less
First Federal Savings And Loan Association Of Lorain 0.20% $250 - Learn MoreShow Less
Firstmerit Bank, National Association 0.20% $100,000 - Learn MoreShow Less
Sutton Bank 0.20% $1,000 - Learn MoreShow Less
The Andover Bank 0.20% $1,000 - Learn MoreShow Less
Commodore Bank 0.20% $1,000 - Learn MoreShow Less
The Ottoville Bank Company 0.20% $1,000 - Learn MoreShow Less
The Peoples National Bank Of Mount Pleasant 0.20% $1,000 - Learn MoreShow Less
The Merchants National Bank 0.20% $1,000 - Learn MoreShow Less
The Rockhold, Brown & Company Bank 0.20% $1,000 - Learn MoreShow Less
The Republic Banking Company 0.20% $500 - Learn MoreShow Less
The St. Henry Bank 0.20% $1,000 - Learn MoreShow Less
The Community Bank 0.20% $2,500 - Learn MoreShow Less
The Monitor Bank 0.20% $500 - Learn MoreShow Less
First Federal Savings And Loan Association Of Van Wert 0.20% $2,500 - Learn MoreShow Less
Wesbanco Bank, Inc. 0.20% $1,000 - Learn MoreShow Less
New Carlisle Federal Savings Bank 0.20% $50,000 - Learn MoreShow Less
The Fahey Banking Company 0.20% $500 - Learn MoreShow Less
The Ohio Valley Bank Company 0.20% $2,500 - Learn MoreShow Less
Standing Stone Bank 0.20% $5,000 - Learn MoreShow Less
The Mt. Victory State Bank 0.20% $500 - Learn MoreShow Less
Dollar Bank, Federal Savings Bank 0.20% $2,500 - Learn MoreShow Less
Belpre Savings Bank 0.20% $500 - Learn MoreShow Less
The First National Bank Of Waverly 0.20% $1,000 - Learn MoreShow Less
North Valley Bank 0.20% $1 - Learn MoreShow Less
The Park National Bank 0.20% $1,000 - Learn MoreShow Less
The Apple Creek Banking Company 0.20% $500 - Learn MoreShow Less
The Home Savings And Loan Company Of Youngstown, Ohio 0.20% $500 - Learn MoreShow Less
Civista Bank 0.20% $500 - Learn MoreShow Less
The Peoples Savings Bank 0.20% $500 - Learn MoreShow Less
The Middlefield Banking Company 0.20% $500 - Learn MoreShow Less
Home City Federal Savings Bank Of Springfield 0.20% $1,000 - Learn MoreShow Less
Pnc Bank, National Association 0.20% $100,000 - Learn MoreShow Less
The Osgood State Bank 0.20% $1,000 - Learn MoreShow Less
Van Wert Federal Savings Bank 0.20% $1,000 - Learn MoreShow Less
The Edon State Bank Company Of Edon, Ohio 0.20% $500 - Learn MoreShow Less
The State Bank And Trust Company 0.20% $1,000 - Learn MoreShow Less
The Peoples National Bank Of New Lexington 0.20% $1,000 - Learn MoreShow Less
Liberty Bank 0.20% $1,000 - Learn MoreShow Less
First Financial Bank, National Association 0.20% $500 - Learn MoreShow Less
The Citizens National Bank Of Bluffton 0.20% $500 - Learn MoreShow Less
Mercer Savings Bank 0.19% $100 - Learn MoreShow Less
New Carlisle Federal Savings Bank 0.18% $10,000 - Learn MoreShow Less
First Bank Of Ohio 0.18% $500 - Learn MoreShow Less
Pnc Bank, National Association 0.18% $10,000 - Learn MoreShow Less
The Commercial Savings Bank 0.18% $500 - Learn MoreShow Less
Farmers State Bank 0.17% $500 - Learn MoreShow Less
The Home Savings And Loan Company Of Kenton, Ohio 0.15% $500 - Learn MoreShow Less
Fifth Third Bank 0.15% $10,000 - Learn MoreShow Less
Peoples Federal Savings And Loan Association 0.15% $1,000 - Learn MoreShow Less
United Bank 0.15% $500 - Learn MoreShow Less
The First National Bank Of Sycamore 0.15% $1,000 - Learn MoreShow Less
Firstmerit Bank, National Association 0.15% $10,000 - Learn MoreShow Less
The Bank Of Magnolia Company 0.15% $500 - Learn MoreShow Less
Pnc Bank, National Association 0.15% $10,000 - Learn MoreShow Less
First Federal Community Bank Of Bucyrus 0.15% $1,000 - Learn MoreShow Less
Keybank National Association 0.15% $10,000 - Learn MoreShow Less
The Farmers State Bank 0.15% $1,000 - Learn MoreShow Less
Minster Bank 0.15% $10,000 - Learn MoreShow Less
Citizens Deposit Bank & Trust 0.15% $500 - Learn MoreShow Less
The Somerville National Bank 0.15% $500 - Learn MoreShow Less
First Federal Savings And Loan Association 0.15% $500 - Learn MoreShow Less
Northwest Bank 0.15% $500 - Learn MoreShow Less
The Farmers And Merchants Bank 0.15% $10,000 - Learn MoreShow Less
Ripley Federal Savings Bank 0.15% $1,000 - Learn MoreShow Less
The Old Fort Banking Company 0.15% $1,000 - Learn MoreShow Less
Liberty National Bank 0.15% $25,000 - Learn MoreShow Less
The Farmers National Bank Of Canfield 0.15% $500 - Learn MoreShow Less
The Citizens Savings Bank 0.12% $1,000 - Learn MoreShow Less
First Merchants Bank National Association 0.12% $1,000 - Learn MoreShow Less
First State Bank 0.12% $500 - Learn MoreShow Less
First Bank Of Berne 0.10% $1,000 - Learn MoreShow Less
The Huntington National Bank 0.10% $10,000 - Learn MoreShow Less
U.s. Bank National Association 0.10% $10,000 - Learn MoreShow Less
Cfbank 0.10% $2,500 - Learn MoreShow Less
Keybank National Association 0.10% $10,000 - Learn MoreShow Less
Liberty National Bank 0.10% $500 - Learn MoreShow Less
Consumers National Bank 0.10% $1,000 - Learn MoreShow Less
The Pataskala Banking Company 0.10% $500 - Learn MoreShow Less
The Farmers National Bank Of Canfield 0.10% $500 - Learn MoreShow Less
The Farmers And Merchants Bank 0.07% $10,000 - Learn MoreShow Less
The Croghan Colonial Bank 0.07% $500 - Learn MoreShow Less
First Federal Community Bank, National Association 0.06% $500 - Learn MoreShow Less
Fifth Third Bank 0.05% $100,000 - Learn MoreShow Less
Wells Fargo Bank, National Association 0.05% $10,000 - Learn MoreShow Less
Community First Bank, National Association 0.05% $500 - Learn MoreShow Less
The Marblehead Bank 0.05% $10,000 - Learn MoreShow Less
The Union Bank Company 0.03% $500 - Learn MoreShow Less
Citizens Bank, National Association 0.03% $1,000 - Learn MoreShow Less
The First Citizens National Bank Of Upper Sandusky 0.02% $2,000 - Learn MoreShow Less
Jpmorgan Chase Bank, National Association 0.01% $10,000 - Learn MoreShow Less

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.

  • 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?

  • Stephen C

    August 06, 2015

    It would be nice if you would include an option for all terms e.g., up to 10 years. Also it would help if you could select all banks and credit unions. It has been my experience that some bank and CU's will change their policy of being regional to national.

  • David H. 7/10/15

    July 10, 2015

    Union Savings Bank doesn't have a one year cd for 1.15%

  • Alan Platt

    November 24, 2014

    So stupid that you cannot vote "yes". The only thing that registers is "no".

  • Darren

    September 16, 2014

    Union County Savings Bank in Cranford is offering a 1.3% Jumbo CD Rate for 1 year.

  • Alan Platt

    August 25, 2014

    Why did you stop listing information about DORAL BANK?

  • Allen

    April 11, 2014

    Rate is wrong on "Investar Bank 0.75% $1,000 0.92 +Learn More"

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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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