Pennsylvania

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Altoona, Pennsylvania CD Rates 2020

Below are the best one-year CD Rates from banks in Altoona, Pennsylvania. 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.

Altoona, PA - February 23, 2020

1 Year CD National Average : 0.88% ?

Advertiser Disclosure
Banks APY MIN MILES ?
Sponsored Advertiser Disclosure
2.21% $1,000 4861.72
2.05% $500 4871.23
2.00% $1,000 5079.73
1.92% $500 4864.16
1.90% $500 4864.81
1.80% $500 4850.23
1.75% $1,000 4853.05
1.70% $1,000 4846.53
1.70% $500 5132.07
1.65% $500 4863.84
1.64% $500 4859.23
1.61% $100,000 4922.21
1.60% $1,000 4857.22
1.60% $500 5047.80
1.60% $500 4926.79
1.60% $500 4912.70
1.56% $100,000 4985.11
1.55% $500 4926.79
1.55% $2,000 4984.50
1.51% $500 5081.30
1.51% $500 4922.21
1.50% $2,000 5076.15
1.50% $1,000 4852.23
1.50% $500 4849.19
1.50% $250 4854.67
1.50% $500 4841.17
1.48% $1,000 4928.36
1.44% $1,000 4846.36
1.41% $500 5140.66
1.40% $500 4846.39
1.40% $500 4845.55
1.40% $500 4847.00
1.40% $500 4865.35
1.40% $500 4845.24
1.36% $10,000 4985.11
1.35% $500 4869.74
1.35% $500 4847.09
1.31% $100,000 4985.11
1.30% $100,000 4852.23
1.26% $100,000 4907.99
1.25% $2,500 5077.25
1.25% $1,000 4852.23
1.25% $500 5065.74
1.25% $1,000 5065.43
1.25% $2,500 4855.56
1.16% $500 5020.96
1.16% $500 4849.16
1.16% $500 4901.08
1.15% $100,000 4970.26
1.15% $500 4907.99
1.15% $1,000 4845.65
1.10% $500 4888.69
1.10% $10,000 4985.11
1.10% $500 4846.78
1.10% $500 5045.43
1.06% $100,000 4849.16
1.05% $500 5010.17
1.05% $100,000 4899.82
1.05% $1,000 4889.72
1.00% $1,000 5009.71
1.00% $500 5059.96
1.00% $500 4976.96
1.00% $500 4884.54
1.00% $5,000 4970.26
1.00% $5,000 5048.14
1.00% $500 4964.89
1.00% $500 5010.42
1.00% $1 4846.90
1.00% $500 4899.82
1.00% $500 4880.04
1.00% $500 4873.63
0.90% $500 5086.59
0.90% $1,000 4846.56
0.80% $200 4853.86
0.80% $500 5080.80
0.80% $500 4975.80
0.75% $1,000 5016.65
0.75% $1,000 5061.69
0.75% $100,000 4997.80
0.75% $100,000 4937.95
0.75% $1 4933.83
0.75% $500 4926.79
0.70% $500 4944.12
0.70% $500 4894.23
0.65% $500 4894.69
0.60% $500 5069.90
0.60% $500 4849.34
0.60% $500 4859.23
0.60% $1,000 4995.33
0.60% $500 4869.12
0.60% $100,000 4915.40
0.60% $500 4923.72
0.55% $10,000 4944.37
0.55% $500 4954.09
0.55% $500 5116.53
0.55% $100,000 4884.80
0.55% $1,000 4977.30
0.55% $500 4962.38
0.55% $1,000 4926.65
0.55% $2,500 4915.40
0.55% $500 4915.30
0.55% $500 4963.44
0.50% $100,000 5025.26
0.50% $1,000 4925.43
0.50% $1,000 4884.80
0.50% $1,000 4899.85
0.50% $1,000 4915.31
0.50% $5,000 4966.83
0.50% $100,000 4954.71
0.50% $5,000 4962.08
0.50% $1,000 4879.47
0.50% $10,000 5078.65
0.45% $100,000 5025.84
0.45% $50,000 5058.84
0.45% $1,000 4937.95
0.45% $10,000 4849.78
0.45% $500 4846.04
0.45% $500 4867.69
0.45% $1,000 4898.16
0.40% $1,000 5025.84
0.40% $500 4838.97
0.40% $100,000 5020.20
0.40% $500 4922.21
0.40% $5,000 4966.31
0.40% $500 4858.62
0.40% $1,000 4925.99
0.40% $500 5101.37
0.40% $100 4912.56
0.40% $100,000 4873.59
0.40% $5,000 4954.71
0.38% $500 5025.26
0.36% $500 5093.23
0.35% $10,000 5058.84
0.35% $10,000 4997.80
0.35% $500 5146.74
0.35% $500 4873.59
0.35% $5,000 5020.90
0.35% $100,000 4847.09
0.35% $1,000 4968.47
0.30% $1,000 4931.35
0.30% $250 4876.71
0.30% $500 5056.30
0.30% $500 5042.97
0.30% $100,000 4953.69
0.30% $1,000 5077.53
0.30% $10,000 4847.09
0.30% $100,000 4923.95
0.25% $500 5045.93
0.25% $500 4847.82
0.25% $500 4839.04
0.25% $500 5042.97
0.25% $1,000 4907.79
0.23% $1,000 4934.32
0.22% $100,000 5079.90
0.21% $500 4868.41
0.20% $500 4939.05
0.20% $500 5064.49
0.20% $1,000 4987.44
0.20% $1 5020.20
0.20% $100,000 5079.90
0.20% $1,000 5149.85
0.20% $500 5093.50
0.20% $500 4846.83
0.20% $1,000 5082.90
0.18% $10,000 5079.90
0.15% $100,000 4926.17
0.15% $1 5020.20
0.15% $100,000 4986.87
0.15% $2,000 4953.69
0.15% $1,000 5079.90
0.15% $500 5069.43
0.15% $1,000 4856.21
0.15% $500 5105.70
0.15% $100,000 4931.32
0.15% $10,000 4879.24
0.10% $10,000 4875.80
0.10% $1,000 4926.17
0.10% $1,000 4857.63
0.10% $5,000 4986.87
0.10% $1,000 5076.03
0.10% $10,000 4917.37
0.10% $1,000 4923.95
0.10% $10,000 5101.24
0.10% $5,000 4931.32
0.10% $1,000 5088.22
0.07% $10,000 4884.78
0.05% $10,000 4884.78
0.05% $1,000 4900.12
0.05% $10,000 5094.82
0.05% $1,000 4933.83
0.03% $1,000 5076.03
0.01% $10,000 4847.25
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

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