West Virginia

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West Virginia CD Rates

You are viewing rates from banks across West Virginia





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

WV - July 30, 2025

1 Year CD National Average : 0.55% ?

Banks APY MIN MILES ?

Early Withdrawal Penalty is 6 months interest.
Rate History: 4.35% → 4.55% → 4.35% → 4.20% → 4.46%

| Nov 12, 2023

Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More

Warning: Early Withdrawal Penalty is 270 days interest.
Rate History: 4.50% → 4.40% → 4.30% → 4.25% → 4.40%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

Early Withdrawal Penalty is 3 months interest.
Rate History: 4.50% → 4.45% → 4.40% → 4.00% → 4.40%

| Jul 1, 2022

not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More

Warning: Early Withdrawal Penalty is 2% of the account balance.
Rate History: 4.10% → 4.35% → 4.25% → 4.05% → 4.35%

| Jul 3, 2023

A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More

Early Withdrawal Penalty is 30 days interest.
Rate History: 4.75% → 4.50% → 4.45% → 4.25% → 4.30%

| May 6, 2023

Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market. Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.50% → 4.40% → 4.25% → 4.40% → 4.30%

| Apr 20, 2024

Save your tears for another day. Very frustrating. 1-star. Read More

Early Withdrawal Penalty is 6 months interest.
Rate History: 5.35% → 4.50% → 4.46% → 4.41% → 4.25%

| Mar 21, 2023

Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More

Rate History: 5.15% → 4.70% → 4.20% → 4.00% → 4.25%

| Apr 18, 2018

Worst experience of my life. Did not fund and gave $25 to my own charity. Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.90% → 4.75% → 4.50% → 4.40% → 4.25%

| Jun 26, 2020

Rate not current Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.25% → 4.15% → 4.25% → 4.45% → 4.21%

| Aug 26, 2022

Too slow to raise rates. Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.10% → 4.00% → 4.25% → 4.40% → 4.20%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.84% → 4.42% → 4.20% → 4.40% → 4.19%

| Jan 30, 2024

Have an IRA rollover, they don't take IRAs any longer. Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.00% → 4.25% → 4.15% → 4.00% → 4.15%

| Sep 30, 2023

CFG overs very competitive Interest rates on their High Yield Savings account. I did everything ONLINE and have not had any issues with their service. Read More

Rate History: 4.30% → 4.20% → 4.10% → 4.25% → 4.10%

| Feb 15, 2024

best bank on the list but no longer the most competitive Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 5.02% → 4.85% → 4.25% → 4.21% → 4.10%

| Mar 19, 2022

Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 5.00% → 5.00% → 4.55% → 4.30% → 4.10%

| Nov 21, 2023

A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More

Early Withdrawal Penalty is 3 months interest.
Rate History: 5.18% → 5.02% → 5.18% → 4.30% → 4.08%

| Jun 1, 2021

Update: STAY AWAY FROM THIS BANK! They have no clue how to run an online bank. This bank is not ready for prime time. Nothing but problems. Customer service is dismal at best. Read More

Early Withdrawal Penalty is 30 days interest.
Rate History: 4.56% → 4.43% → 4.31% → 4.21% → 4.01%

| Jul 23, 2023

easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries. Read More

Early Withdrawal Penalty is 3 months interest.
Rate History: 4.50% → 4.20% → 4.00% → 4.10% → 4.00%

| Mar 15, 2023

Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. ... Read More

Rate History: 4.90% → 4.80% → 4.70% → 4.10% → 4.00%

| Jan 10, 2024

AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More

Early Withdrawal Penalty is 6 months interest.
Rate History: 5.15% → 5.00% → 4.25% → 4.15% → 4.00%

Early Withdrawal Penalty is 90 days interest.
Rate History: 5.20% → 3.00% → 4.90% → 4.55% → 4.75%

| Jul 1, 2022

Very easy opening process and wonderful staff. Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.60% → 4.50% → 4.40% → 4.20% → 4.00%

| Oct 23, 2023

Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More

Rate History: 5.00% → 4.50% → 4.20% → 4.10% → 4.00%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Rate History: 5.00% → 4.60% → 4.20% → 4.35% → 4.00%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More

4.00%

$10,000

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Rate History: 1.81% → 4.85% → 4.75% → 4.30% → 4.00%

| Nov 3, 2023

site does not update at all, totally wrong rates listed Read More

Rate History: 5.30% → 5.10% → 5.30% → 4.25% → 4.00%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.90% → 4.40% → 4.30% → 4.10% → 4.00%

| Jul 4, 2025

Bread's current 6-month CD is 4.45%, not 4.35%. Read More

Rate History: 5.00% → 5.25% → 5.60% → 4.30% → 3.90%

| Sep 18, 2023

I agree with another user, this bank is very poorly put together, and may very well be an operation in large part used to extract and sell people's personal information. I called customer service and had ... Read More

Rate History: 4.85% → 4.60% → 4.25% → 4.00% → 3.90%

| Nov 18, 2023

bank delayed 1-2days to credit into your account, pay less interest. Read More

Rate History: 4.30% → 3.90%

| Oct 11, 2020

You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More

Early Withdrawal Penalty is 1% of principal.

| Dec 22, 2018

I know VirtualBank has monitored these comments in the past and answered here. This is important because they do not respond to questions submitted through the website. I am trying to find out the pena... Read More

Rate History: 4.25% → 4.10% → 4.00% → 3.90% → 3.85%

| Aug 13, 2023

Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More

Rate History: 4.20% → 4.00% → 4.15% → 4.00% → 3.85%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

3.82%

$1,000

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Early withdrawal penalty is one-fourth the amount of interest that would have been earned had CD been held to maturity.
Rate History: 4.70% → 4.10% → 4.00% → 3.90% → 3.80%

| Mar 20, 2025

A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 5.15% → 5.15% → 4.50% → 4.20% → 3.80%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.60% → 4.40% → 4.10% → 4.00% → 3.75%

| Nov 12, 2022

I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More

Rate History: 3.00% → 3.50% → 4.00% → 3.55% → 3.75%

| Jul 28, 2022

Not at all happy with Truist compared to BB+T. New transaction policy makes them painfully slow. Paying .01 % interest on money market accounts, 13 week T Bill's are around $2.5%.I hope that they are enj... Read More

Rate History: 2.95% → 3.75%

| Dec 8, 2020

Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More

Rate History: 1.25% → 2.00% → 1.25% → 4.25% → 3.75%

| Apr 30, 2019

No issues. I feel confident using them. Read More

Rate History: 4.00% → 4.50% → 4.00% → 3.75%

| Jan 28, 2025

4.75% is an introductory rate and they are not openly clear about that. Don't expect 4.75% to continue. They are otherwise competitive. Read More

• $1,000 minimum deposit to open an account. • A penalty may be imposed for early withdrawal. • Account fees may reduce your earnings.
Rate History: 5.17% → 5.00% → 4.08% → 4.06% → 3.55%

| May 21, 2021

avoid this Read More

Rate History: 3.85% → 3.64% → 3.54%

Rate History: 4.00% → 4.50% → 4.00% → 3.75% → 3.51%

| May 19, 2018

Experience Read More

Warning: Early Withdrawal Penalty is 12 Months interest.
Rate History: 5.60% → 5.30% → 4.75% → 4.00% → 3.50%

| Jul 6, 2023

This is an example of a bad bank. Their online process for purchasing a CD is horrible. You fill it out and it rejects it after all of your private information is disclosed. They there customer service is ... Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.50% → 4.25% → 4.00% → 4.35% → 3.50%

| Nov 18, 2023

bad bank hold your deposit over months without credit in your account, no interest, they don’t want pay you interest , they want your money with 0% interest. Read More

Rate History: 1.10% → 3.50%

| Aug 13, 2019

I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines... Read More

Rate History: 4.50% → 4.25% → 4.00% → 4.35% → 3.50%

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.70% → 4.00% → 4.30% → 3.30% → 3.49%

| Nov 12, 2018

Helpful w/$ Read More

Rate History: 3.75% → 4.50% → 4.00% → 3.50% → 3.35%

| Aug 5, 2020

I used to go to M&T when it was still Provident Bank. M&T has been very responsive to my needs and I have been pleased with the banking experience. Read More

Rate History: 3.85% → 3.60% → 3.85% → 3.50% → 3.25%

| Aug 31, 2022

never had a problem moving money in/out. After trying a couple banks with higher rates but less service will be moving my money back here. Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.25% → 3.75% → 4.25% → 4.10% → 3.25%

| May 2, 2022

Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi... Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 5.00% → 5.00% → 3.50% → 3.25%

| Jun 13, 2023

I'll steer clear of Dollar Savings Direct and My Savings Direct until they guarantee users at both online divisions their best rates. Banks have the right to segment their customers yes, but these games w... Read More

Rate History: 3.75% → 4.25% → 3.75% → 3.51% → 3.25%

| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More

Rate History: 2.75% → 2.00% → 4.00% → 2.50% → 3.00%

| Feb 25, 2022

I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.50% → 4.30% → 4.20% → 3.90% → 3.00%

| Jun 10, 2024

I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More

Rate History: 1.00% → 2.91%

| Mar 2, 2024

Attracted to the name, but the service had too many steps so I didn't open an account. Read More

Rate History: 0.75% → 3.00% → 2.85% → 3.00% → 2.75%

| May 26, 2017

Before009 Read More

Rate History: 3.00% → 2.75% → 2.50% → 4.25% → 2.50%

| Nov 17, 2020

Is notarie services available today at a woodforest on wilkinson blvd Read More

Rate History: 4.85% → 4.40% → 4.25% → 3.00% → 2.05%

| Nov 28, 2022

While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More

Rate History: 0.05% → 2.00%

| Jul 28, 2020

Dropped rates again with restrictive transfer limits and poor service. Better rates and liquidity elsewhere. Beware!!! Read More

Rate History: 2.00% → 3.50% → 3.25% → 3.00% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

| Apr 12, 2019

United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. T... Read More

Rate History: 2.00% → 1.50% → 3.25% → 2.00%

| Feb 6, 2023

after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More

Rate History: 4.65% → 3.00% → 1.80%

| Feb 24, 2020

I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4... Read More

| Mar 19, 2021

This rate is not true call it is only 0.40 lady she would have it changed a week ago Read More

Rate History: 1.65% → 1.01% → 4.15% → 1.01%

Rate History: 0.75% → 0.30% → 0.75%

0.70%

$10,000

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0.65%

$10,000

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0.60%

$100,000

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0.60%

$10,000

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| Apr 21, 2020

Your information is very inaccurate. Interest rates are a fraction of 1%. Call the bank yourself. Read More

0.50%

$1,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$10,000

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Rate History: 0.45% → 2.02% → 0.45%

| Aug 28, 2022

Rates are totally uncompetitive now. Read More

| Jun 5, 2020

MCNB BANK IS NOT A CUSTOMER FRIENDLY BANK AND DOES NOT CARE ABOUT ITS CUSTOMERS. THIER ATM'S ARE PIECES OF JUNK THAT MAY OR MAY NOT GIVE YOU YOUR MONEY AND WHEN IT DOESN'T GIVE YOU YOUR MONEY YOU ARE JUST ... Read More

0.40%

$100,000

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0.40%

$100,000

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0.40%

$100,000

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0.40%

$10,000

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0.35%

$10,000

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0.35%

$10,000

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| Jan 25, 2017

Local bank Read More

| Jun 18, 2020

Best local savings rate. Good friendly service. Read More

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

-

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0.30%

$10,000

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0.30%

$10,000

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0.30%

$10,000

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0.30%

$1,000

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0.30%

$100,000

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0.30%

$10,000

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Early Withdrawal Penalty is 181 days interest.

| Jun 10, 2022

This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More

0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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0.25%

$100,000

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0.25%

$10,000

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0.25%

$10,000

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0.25%

$10,000

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| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

0.20%

$10,000

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0.20%

$10,000

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0.20%

$10,000

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0.20%

$500

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0.20%

$10,000

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0.20%

$10,000

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0.20%

$10,000

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0.20%

$10,000

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0.20%

$10,000

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| May 21, 2018

I wish I had never heard of or seen BBVA. It has been a disaster. Came to this site to find something else. Read More

0.15%

$500

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0.15%

$10,000

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0.15%

$10,000

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0.15%

$10,000

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0.10%

$10,000

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0.10%

$10,000

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| Jun 28, 2017

showmethreethousanddollars Read More

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

| Feb 25, 2023

I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

Branches Info around zip 10116


Branch Street City State
Truist Bank
Gilbert Branch
Us Route 52, Main Street Gilbert WV
Fifth Third Bank, National Association
Charleston Banking Center Branch
700 Virginia Street East, Suite 100 Charleston WV
Manufacturers and Traders Trust Company
Fort Ashby Branch
23 Presidents Street Fort Ashby WV
Woodforest National Bank
0688 Martinburg West Virginia Walmar Branch
800 Foxcroft Avenue Martinsburg WV
JPMorgan Chase Bank, National Association
Chapmanville Branch
510 Airport Rd Chapmanville WV
United Bank
Scott Depot Branch
Route 34 At Poplar Fork Road Scott Depot WV
Putnam County Bank
Interstate Branch
300 Hurricane Creek Road Hurricane WV
The Bank of Romney
Paw Paw Branch
63 Winchester Street Paw Paw WV
FNB Bank, Inc.
Hampshire Square Branch
Route 50, Hc-63, Box 3270 Romney WV
The Harrison County Bank
West Milford Branch
Main Street & Vesta Drive West Milford WV
BCBank, Inc.
Fairmont Branch
936 East Park Avenue Fairmont WV
First National Bank of Pennsylvania
Follansbee Branch
1409 Main Street Follansbee WV
The Harrison County Bank
West Milford Branch
Main Street & Vesta Drive West Milford WV
First Exchange Bank
Hundred Branch
Po Box 780 Rt 250 Hundred WV
Calhoun County Bank, Inc.
Arnoldsburg Branch
Route 33 West Arnoldsburg WV
Bank of Charles Town
Martinsburg Branch
9738 Tuscarora Pike Martinsburg WV
Whitesville State Bank
Comfort Branch
7070 Coal River Rd Comfort WV
The Citizens Bank of Weston
Jane Lew Branch
47 Industrial Park Rd Jane Lew WV
Guaranty Bank Inc.
Delbarton Branch
U.S. Highway 52 And State Route 65 Delbarton WV
MCNB Bank and Trust Co.
Drive-In Facility Branch
94 Howard Street Welch WV
Citizens Bank of Morgantown, Inc.
Citizens Bank Of Morgantown, Inc. Branch
265 High Street Morgantown WV
Miners & Merchants Bank
Front Street Branch
Front Street Bayard WV
Mountain Valley Bank, N.A.
Mill Creek Branch
9896 Seneca Trail Mill Creek WV
Davis Trust Company
Davis Trust Company Branch
227 Davis Avenue Elkins WV
Mountain Valley Bank, N.A.
Mill Creek Branch
9896 Seneca Trail Mill Creek WV
The Pleasants County Bank
Belmont Branch
519 Riverview Drive Belmont WV
Huntington Federal Savings Bank
East Hills Mall Branch
5175 Us Route 60 East Huntington WV
Pioneer Community Bank, Inc.
War Branch
14229 Rocket Boy's Drive War WV
The Poca Valley Bank, Inc.
Elkview Branch
U.S. Highway 119 And State Road 43 Elkview WV
Hancock County Savings Bank, F.S.B.
375 Three Springs Drive Branch
375 Three Springs Drive Weirton WV
Citizens Bank of Morgantown, Inc.
Citizens Bank Of Morgantown, Inc. Branch
265 High Street Morgantown WV
Freedom Bank, Inc.
Buckhannon Branch
302 Rr 20, South Road Buckhannon WV
West Union Bank
Newpointe Plaza Shopping Center Bran Branch
320 Emily Drive Clarksburg WV
Capon Valley Bank
Moorefield Branch
717 North Main Street Moorefield WV
The Grant County Bank
The National Bank Of Davis/Branch
William Avenue Davis WV
The Ohio Valley Bank Company
Point Pleasant Branch
328 Viand Street Point Pleasant WV
Clay County Bank, Inc.
Clay Branch
2236 Main Street Clay WV
The First National Bank of Williamson
The First National Bank Of Williamso Branch
East Fourth Avenue And Logan Street Williamson WV
New Peoples Bank, Inc.
Oakvale Office Branch
207 Oakvale Rd Princeton WV
The First National Bank of Peterstown
The First National Bank Of Peterstow Branch
220 Market Street Peterstown WV
First United Bank & Trust
South Berkeley Branch
U.S. Route 11 And State Route 51 Inwood WV
Pendleton Community Bank, Inc.
Marlinton Branch
19180 Seneca Trail Marlinton WV
Union Bank, Inc.
Hundred Office Branch
St Rt 250 Hundred WV
Miners & Merchants Bank
Front Street Branch
Front Street Bayard WV
The Farmers Bank and Savings Company
Mason Branch
424 Second Street Mason WV
MVB Bank, Inc
Somerset Branch
88 Somerset Boulevard Charles Town WV
WesBanco Bank, Inc.
Bruceton Mills Branch
Route 73, Morgantown Street Bruceton Mills WV
First Mutual Bank, FSB
3850 Emerson Ave Branch
3850 Emerson Ave Parkersburg WV
Clear Mountain Bank
Reedsville Office Branch
115 North Robert Stone Way Reedsville WV
MVB Bank, Inc
Somerset Branch
88 Somerset Boulevard Charles Town WV
Jefferson Security Bank
Jefferson Security Bank Branch
105 E Washington Street Shepherdstown WV
First Neighborhood Bank
South Parkersburg Office Branch
500 Division Street Parkersburg WV
The Bank of Monroe
Lewisburg Branch
3268 Jefferson Street N Lewisburg WV
The First National Bank of Williamson
The First National Bank Of Williamso Branch
East Fourth Avenue And Logan Street Williamson WV
CNB Bank, Inc.
Hedgesville Branch
2646 Hedgesville Road Martinsburg WV
Union Bank, Inc.
Hundred Office Branch
St Rt 250 Hundred WV
Community Bank of Parkersburg
Community Bank Of Parkersburg Branch
631 Juliana Street Parkersburg WV
Logan Bank & Trust Company
Harts Branch
1218 Mcclellan Highway Harts WV
First Community Bank
Cherry River Plaza Branch
White Avenue And Railroad Street Richwood WV
Citizens Bank of West Virginia, Inc.
Third And Kerens Drive-In Branch
Third Street And Kerens Avenue Elkins WV
Peoples Bank
Sistersvile Branch
726 Wells Street Sistersville WV
PNC Bank, National Association
Suncrest Towne Centre Branch
455 Suncrest Towne Centre Drive, Suite 101 Morgantown WV
Fifth Third Bank, National Association
Charleston Banking Center Branch
700 Virginia Street East, Suite 100 Charleston WV
First-Citizens Bank & Trust Company
Fairlea Express Branch
U.S. Highway 219 South Fairlea WV


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 2025

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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