You are viewing rates across Wisconsin


Wisconsin CD Rates

Below are the best one year CD Rates from banks in Wisconsin. 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.

WI - February 13, 2016

1 Year CD National Average : 0.37% ?

Bank APY MIN MILES ?
Spring Bank 1.05% $1,000 - Learn MoreShow Less
Cibm Bank 1.00% $2,000 - Learn MoreShow Less
Charter Bank Eau Claire 1.00% $1,000 - Learn MoreShow Less
The Equitable Bank, S.s.b. 1.00% $500 - Learn MoreShow Less
First National Bank 0.95% $500 - Learn MoreShow Less
West Pointe Bank 0.90% $500 - Learn MoreShow Less
Seaway Bank And Trust Company 0.90% $1,000 - Learn MoreShow Less
North Milwaukee State Bank 0.90% $1,000 - Learn MoreShow Less
Westbury Bank 0.90% $500 - Learn MoreShow Less
First Federal Bank Of Wisconsin 0.85% $500 - Learn MoreShow Less
Westbury Bank 0.85% $500 - Learn MoreShow Less
Forward Financial Bank 0.81% $25,000 - Learn MoreShow Less
First Federal Bank Of Wisconsin 0.80% $500 - Learn MoreShow Less
Forward Financial Bank 0.75% $10,000 - Learn MoreShow Less
Citizens Bank 0.75% $25,000 - Learn MoreShow Less
Wisconsin Bank & Trust 0.75% $1 - Learn MoreShow Less
Time Federal Savings Bank 0.75% $10,000 - Learn MoreShow Less
Ridgestone Bank 0.75% $10,000 - Learn MoreShow Less
Laona State Bank 0.75% $500 - Learn MoreShow Less
State Bank Of Chilton 0.75% $1,000 - Learn MoreShow Less
Hustisford State Bank 0.70% $1,000 - Learn MoreShow Less
Wolf River Community Bank 0.65% $1,000 - Learn MoreShow Less
State Bank Of Florence 0.65% $500 - Learn MoreShow Less
The First National Bank Of Niagara 0.65% $25,000 - Learn MoreShow Less
Peoples State Bank 0.65% $100,000 - Learn MoreShow Less
Dairy State Bank 0.65% $30,000 - Learn MoreShow Less
Premier Community Bank 0.63% $100,000 - Learn MoreShow Less
Ladysmith Federal Savings And Loan Association 0.63% $1,000 - Learn MoreShow Less
Markesan State Bank 0.61% $500 - Learn MoreShow Less
Alliance Bank 0.61% $500 - Learn MoreShow Less
Citizens State Bank 0.60% $100 - Learn MoreShow Less
Heritage Bank 0.60% $50,000 - Learn MoreShow Less
State Bank Of Arcadia 0.60% $50,000 - Learn MoreShow Less
Badger Bank 0.60% $2,500 - Learn MoreShow Less
Northwestern Bank 0.60% $1,000 - Learn MoreShow Less
Union Federal Savings And Loan Association 0.60% $200 - Learn MoreShow Less
Blc Community Bank 0.60% $1,000 - Learn MoreShow Less
Citizens Community Federal National Association 0.60% $2,000 - Learn MoreShow Less
Citizens Bank 0.60% $10,000 - Learn MoreShow Less
Bank Of Cashton 0.60% $1,000 - Learn MoreShow Less
Waumandee State Bank 0.60% $500 - Learn MoreShow Less
Peoples State Bank Of Plainview 0.60% $10,000 - Learn MoreShow Less
The First National Bank Of Bangor 0.60% $500 - Learn MoreShow Less
Seaway Bank And Trust Company 0.60% $1,000 - Learn MoreShow Less
Collins State Bank 0.55% $500 - Learn MoreShow Less
F&m Bank 0.55% $50,000 - Learn MoreShow Less
Citizens State Bank Of Loyal 0.55% $50,000 - Learn MoreShow Less
State Bank Of Newburg 0.55% $500 - Learn MoreShow Less
Hiawatha National Bank 0.55% $500 - Learn MoreShow Less
Community Bank Of Northern Wisconsin 0.55% $50,000 - Learn MoreShow Less
Fidelity National Bank 0.55% $10,000 - Learn MoreShow Less
American Bank & Trust Wisconsin 0.55% $100,000 - Learn MoreShow Less
Bank First National 0.55% $10,000 - Learn MoreShow Less
Middleton Community Bank 0.55% $2,500 - Learn MoreShow Less
Farmers State Bank 0.55% $100 - Learn MoreShow Less
The First National Bank Of Park Falls 0.55% $10,000 - Learn MoreShow Less
State Bank Of The Lakes 0.55% $99,000 - Learn MoreShow Less
American Bank 0.55% $1,000 - Learn MoreShow Less
Livingston State Bank 0.55% $1,000 - Learn MoreShow Less
Pigeon Falls State Bank 0.55% $100 - Learn MoreShow Less
Peoples State Bank 0.55% $10,000 - Learn MoreShow Less
Dairy State Bank 0.55% $10,000 - Learn MoreShow Less
Park Bank 0.51% $10,000 - Learn MoreShow Less
Farmers State Bank 0.50% $500 - Learn MoreShow Less
Union State Bank Of West Salem 0.50% $500 - Learn MoreShow Less
Intercity State Bank 0.50% $1,000 - Learn MoreShow Less
Marathon Savings Bank 0.50% $10,000 - Learn MoreShow Less
Farmers And Merchants Union Bank 0.50% $1,000 - Learn MoreShow Less
State Bank Of Arcadia 0.50% $2,500 - Learn MoreShow Less
Independence State Bank 0.50% $10,000 - Learn MoreShow Less
Sunset Bank & Savings 0.50% $500 - Learn MoreShow Less
Pioneer Bank Of Wisconsin 0.50% $1,000 - Learn MoreShow Less
Union Bank Of Blair 0.50% $1,000 - Learn MoreShow Less
Heritage Bank 0.50% $10,000 - Learn MoreShow Less
Headwaters State Bank 0.50% $1,000 - Learn MoreShow Less
Hometown Bank 0.50% $1,000 - Learn MoreShow Less
Fox Valley Savings Bank 0.50% $500 - Learn MoreShow Less
The Stephenson National Bank And Trust 0.50% $1,000 - Learn MoreShow Less
The First National Bank Of Niagara 0.50% $10,000 - Learn MoreShow Less
The Farmers & Merchants Bank 0.50% $500 - Learn MoreShow Less
Cleveland State Bank 0.50% $500 - Learn MoreShow Less
Shell Lake State Bank 0.50% $500 - Learn MoreShow Less
Community Bank Of Northern Wisconsin 0.50% $500 - Learn MoreShow Less
American National Bank - Fox Cities 0.50% $500 - Learn MoreShow Less
Farmers And Merchants Bank Of Kendall 0.50% $500 - Learn MoreShow Less
Great Midwest Bank, S.s.b. 0.50% $1,000 - Learn MoreShow Less
Union National Bank & Trust Company 0.50% $500 - Learn MoreShow Less
Dairyland State Bank 0.50% $500 - Learn MoreShow Less
Chippewa Valley Bank 0.50% $1,000 - Learn MoreShow Less
First State Bank 0.50% $75,000 - Learn MoreShow Less
Black River Country Bank 0.50% $1,000 - Learn MoreShow Less
Farmers Exchange Bank 0.50% $1,000 - Learn MoreShow Less
State Bank Of The Lakes 0.50% $1,000 - Learn MoreShow Less
The First Bank Of Baldwin 0.50% $500 - Learn MoreShow Less
Commerce State Bank 0.50% $5,000 - Learn MoreShow Less
American Bank & Trust Wisconsin 0.50% $500 - Learn MoreShow Less
Oregon Community Bank & Trust 0.50% $100,000 - Learn MoreShow Less
Fidelity National Bank 0.50% $10,000 - Learn MoreShow Less
Investors Community Bank 0.50% $10,000 - Learn MoreShow Less
Peoples State Bank 0.47% $2,500 - Learn MoreShow Less
Paper City Savings Association 0.46% $100 - Learn MoreShow Less
First National Community Bank 0.46% $1,000 - Learn MoreShow Less
Oregon Community Bank & Trust 0.45% $500 - Learn MoreShow Less
Security Bank 0.45% $500 - Learn MoreShow Less
Advantage Community Bank 0.45% $10,000 - Learn MoreShow Less
Greenleaf Wayside Bank 0.45% $2,500 - Learn MoreShow Less
Community Financial Bank 0.45% $1,000 - Learn MoreShow Less
Farmers & Merchants Bank, Of Orfordville 0.45% $500 - Learn MoreShow Less
River Bank 0.45% $500 - Learn MoreShow Less
Stratford State Bank 0.45% $10,000 - Learn MoreShow Less
Walworth State Bank 0.45% $100,000 - Learn MoreShow Less
The Peshtigo National Bank 0.45% $500 - Learn MoreShow Less
F&m Bank 0.45% $2,500 - Learn MoreShow Less
Choice Bank 0.45% $1,000 - Learn MoreShow Less
Wisconsin River Bank 0.45% $10,001 - Learn MoreShow Less
Bank Of Oakfield 0.45% $500 - Learn MoreShow Less
Cumberland Federal Bank, Fsb 0.45% $500 - Learn MoreShow Less
Bank Of Prairie Du Sac 0.45% $1,000 - Learn MoreShow Less
Bank Of Galesville 0.45% $10,000 - Learn MoreShow Less
Community State Bank 0.45% $100,000 - Learn MoreShow Less
The Port Washington State Bank 0.42% $10,000 - Learn MoreShow Less
The National Bank Of Waupun 0.41% $500 - Learn MoreShow Less
Farmers & Merchants Bank & Trust 0.41% $1,000 - Learn MoreShow Less
Central Bank 0.40% $25,000 - Learn MoreShow Less
Mound City Bank 0.40% $2,500 - Learn MoreShow Less
United Bank 0.40% $10,000 - Learn MoreShow Less
Community Bank Of Cameron 0.40% $10,000 - Learn MoreShow Less
Sterling Bank 0.40% $25,000 - Learn MoreShow Less
Citizens First Bank 0.40% $10,000 - Learn MoreShow Less
First National Bank At Darlington 0.40% $500 - Learn MoreShow Less
Partnership Bank 0.40% $500 - Learn MoreShow Less
Southport Bank 0.40% $1,000 - Learn MoreShow Less
Oostburg State Bank 0.40% $10,000 - Learn MoreShow Less
First Bank Financial Centre 0.40% $1,000 - Learn MoreShow Less
Banner Banks 0.40% $500 - Learn MoreShow Less
Integrity First Bank 0.40% $1,000 - Learn MoreShow Less
Keysavings Bank 0.40% $500 - Learn MoreShow Less
Securant Bank & Trust 0.40% $1,000 - Learn MoreShow Less
The First National Bank - Fox Valley 0.40% $1,000 - Learn MoreShow Less
Eagle Valley Bank, National Association 0.40% $100,000 - Learn MoreShow Less
Johnson Bank 0.40% $2,000 - Learn MoreShow Less
The Farmers State Bank Of Waupaca 0.40% $1,000 - Learn MoreShow Less
Royal Bank 0.40% $500 - Learn MoreShow Less
Citizens State Bank 0.37% $100,000 - Learn MoreShow Less
Commercial Bank 0.36% $500 - Learn MoreShow Less
Security Financial Bank 0.35% $10,000 - Learn MoreShow Less
Bank Of Poynette 0.35% $1,000 - Learn MoreShow Less
The First National Bank Of Eagle River 0.35% $25,000 - Learn MoreShow Less
The Necedah Bank 0.35% $1,000 - Learn MoreShow Less
The Bank Of Brodhead 0.35% $500 - Learn MoreShow Less
Starion Financial 0.35% $25,000 - Learn MoreShow Less
Walworth State Bank 0.35% $1,000 - Learn MoreShow Less
Bank Of Lake Mills 0.35% $500 - Learn MoreShow Less
Unity Bank 0.35% $25,000 - Learn MoreShow Less
Bay Bank 0.35% $500 - Learn MoreShow Less
Sterling Bank 0.35% $10,000 - Learn MoreShow Less
Calumet County Bank 0.35% $10,000 - Learn MoreShow Less
Security State Bank 0.35% $10,000 - Learn MoreShow Less
First American Bank, N.a. 0.35% $500 - Learn MoreShow Less
Citizens State Bank Of Loyal 0.35% $10,000 - Learn MoreShow Less
Layton State Bank 0.35% $5,000 - Learn MoreShow Less
Coulee Bank 0.35% $10,000 - Learn MoreShow Less
First Citizens State Bank 0.35% $1,000 - Learn MoreShow Less
Mid America Bank 0.35% $1,000 - Learn MoreShow Less
The First National Bank Of Hartford 0.35% $500 - Learn MoreShow Less
River Valley Bank 0.35% $1,000 - Learn MoreShow Less
Merchants Bank, National Association 0.35% $500 - Learn MoreShow Less
Bank Of Sun Prairie 0.32% $500 - Learn MoreShow Less
Union Bank & Trust Company 0.32% $25,000 - Learn MoreShow Less
Bank Of Wisconsin Dells 0.30% $1,000 - Learn MoreShow Less
Horicon Bank 0.30% $1,000 - Learn MoreShow Less
Bank Of Deerfield 0.30% $500 - Learn MoreShow Less
Pyramax Bank, Fsb 0.30% $1,000 - Learn MoreShow Less
Starion Financial 0.30% $2,500 - Learn MoreShow Less
Anchorbank, Fsb 0.30% $100,000 - Learn MoreShow Less
Farmers And Merchants Bank 0.30% $1,000 - Learn MoreShow Less
Bank Of Milton 0.30% $10,000 - Learn MoreShow Less
The International Bank Of Amherst 0.30% $100,000 - Learn MoreShow Less
Foundations Bank 0.30% $1,500 - Learn MoreShow Less
Highland State Bank 0.30% $500 - Learn MoreShow Less
State Bank Of Reeseville 0.30% $1,000 - Learn MoreShow Less
Badger Bank 0.30% $1,000 - Learn MoreShow Less
Nekoosa Port Edwards State Bank 0.30% $500 - Learn MoreShow Less
The First National Bank Of Eagle River 0.30% $10,000 - Learn MoreShow Less
Eagle Valley Bank, National Association 0.30% $10,000 - Learn MoreShow Less
The Pineries Bank 0.30% $1,000 - Learn MoreShow Less
National Bank Of Commerce 0.30% $10,000 - Learn MoreShow Less
The Privatebank And Trust Company 0.30% $100,000 - Learn MoreShow Less
East Wisconsin Savings Bank, S.a. 0.30% $500 - Learn MoreShow Less
Ixonia Bank 0.30% $1,000 - Learn MoreShow Less
The Bank Of Kaukauna 0.30% $1,000 - Learn MoreShow Less
Farmers Savings Bank 0.30% $2,500 - Learn MoreShow Less
Premierbank 0.30% $300 - Learn MoreShow Less
The Benton State Bank 0.30% $1 - Learn MoreShow Less
Cornerstone Community Bank 0.30% $10,000 - Learn MoreShow Less
Central Bank 0.30% $10,000 - Learn MoreShow Less
Tri City National Bank 0.30% $500 - Learn MoreShow Less
Home Savings Bank 0.26% $500 - Learn MoreShow Less
Clare Bank, National Association 0.25% $10,000 - Learn MoreShow Less
Denmark State Bank 0.25% $500 - Learn MoreShow Less
The Peoples Community Bank 0.25% $500 - Learn MoreShow Less
Bancroft State Bank 0.25% $500 - Learn MoreShow Less
Grand Marsh State Bank 0.25% $10,000 - Learn MoreShow Less
River Falls State Bank 0.25% $100,000 - Learn MoreShow Less
Bank Of Mauston 0.25% $1,000 - Learn MoreShow Less
The International Bank Of Amherst 0.25% $10,000 - Learn MoreShow Less
Settlers Bank 0.25% $2,500 - Learn MoreShow Less
Lincoln Community Bank 0.25% $1,000 - Learn MoreShow Less
Royal Bank 0.25% $500 - Learn MoreShow Less
Mayville Savings Bank 0.25% $500 - Learn MoreShow Less
The American National Bank Of Beaver Dam 0.25% $1,000 - Learn MoreShow Less
Pioneer Bank 0.25% $10,000 - Learn MoreShow Less
Anchorbank, Fsb 0.25% $10,000 - Learn MoreShow Less
Nicolet National Bank 0.25% $1,000 - Learn MoreShow Less
Mcfarland State Bank 0.25% $1,000 - Learn MoreShow Less
Tcf National Bank 0.25% $100,000 - Learn MoreShow Less
Community State Bank 0.25% $500 - Learn MoreShow Less
Monona State Bank 0.25% $1,000 - Learn MoreShow Less
The First National Bank Of Berlin 0.25% $500 - Learn MoreShow Less
Fox River State Bank 0.25% $1,000 - Learn MoreShow Less
First State Bank 0.25% $10,000 - Learn MoreShow Less
Portage County Bank 0.25% $500 - Learn MoreShow Less
Peoples Bank Midwest 0.25% $25,000 - Learn MoreShow Less
Cornerstone Community Bank 0.25% $10,000 - Learn MoreShow Less
The Baraboo National Bank 0.25% $500 - Learn MoreShow Less
Unity Bank 0.25% $10,000 - Learn MoreShow Less
Farmers & Merchants State Bank 0.24% $500 - Learn MoreShow Less
First Business Bank 0.24% $10,000 - Learn MoreShow Less
Citizens State Bank 0.22% $10,000 - Learn MoreShow Less
Union Bank & Trust Company 0.22% $10,000 - Learn MoreShow Less
Baylake Bank 0.22% $1,000 - Learn MoreShow Less
Park Bank 0.20% $1,000 - Learn MoreShow Less
Peoples Bank Midwest 0.20% $10,000 - Learn MoreShow Less
Bank Mutual 0.20% $50,000 - Learn MoreShow Less
National Exchange Bank And Trust 0.20% $1,000 - Learn MoreShow Less
The Equitable Bank, S.s.b. 0.20% $25,000 - Learn MoreShow Less
Pnc Bank, National Association 0.20% $100,000 - Learn MoreShow Less
Merrill Federal Savings And Loan Association 0.20% $1,000 - Learn MoreShow Less
Southport Bank 0.20% $1,000 - Learn MoreShow Less
Woodford State Bank 0.20% $1,000 - Learn MoreShow Less
Tsb Bank 0.20% $500 - Learn MoreShow Less
State Bank Of Drummond 0.20% $25,000 - Learn MoreShow Less
Woodtrust Bank 0.20% $500 - Learn MoreShow Less
Tomahawk Community Bank S.s.b. 0.20% $1,000 - Learn MoreShow Less
The Bank Of New Glarus 0.20% $1 - Learn MoreShow Less
Town Bank 0.20% $1,000 - Learn MoreShow Less
Middleton Community Bank 0.20% $1,000 - Learn MoreShow Less
Bank Of Luxemburg 0.20% $1,000 - Learn MoreShow Less
Blackhawk Bank 0.20% $1,000 - Learn MoreShow Less
Waterstone Bank, Ssb 0.20% $1,000 - Learn MoreShow Less
Richland County Bank 0.20% $500 - Learn MoreShow Less
Tcf National Bank 0.20% $500 - Learn MoreShow Less
Peoples Bank 0.20% $1,000 - Learn MoreShow Less
River Cities Bank 0.20% $1 - Learn MoreShow Less
The Privatebank And Trust Company 0.20% $1,000 - Learn MoreShow Less
Firstmerit Bank, National Association 0.20% $100,000 - Learn MoreShow Less
Bmo Harris Bank National Association 0.20% $100,000 - Learn MoreShow Less
Dmb Community Bank 0.19% $500 - Learn MoreShow Less
Pnc Bank, National Association 0.18% $10,000 - Learn MoreShow Less
Associated Bank, National Association 0.18% $100,000 - Learn MoreShow Less
Community First Bank 0.17% $1,000 - Learn MoreShow Less
Community First Bank 0.16% $10,000 - Learn MoreShow Less
Associated Bank, National Association 0.16% $100,000 - Learn MoreShow Less
River Falls State Bank 0.15% $500 - Learn MoreShow Less
The First National Bank Of River Falls 0.15% $2,500 - Learn MoreShow Less
Merchants Bank, National Association 0.15% $500 - Learn MoreShow Less
Bank Of The West 0.15% $10,000 - Learn MoreShow Less
North Shore Bank, Fsb 0.15% $1,000 - Learn MoreShow Less
State Bank Of Drummond 0.15% $10,000 - Learn MoreShow Less
Superior Savings Bank 0.15% $500 - Learn MoreShow Less
Waukesha State Bank 0.15% $500 - Learn MoreShow Less
Bank Mutual 0.15% $10,000 - Learn MoreShow Less
State Bank Of Cross Plains 0.15% $2,500 - Learn MoreShow Less
First State Bank And Trust 0.15% $1,000 - Learn MoreShow Less
Firstmerit Bank, National Association 0.15% $10,000 - Learn MoreShow Less
Bmo Harris Bank National Association 0.15% $5,000 - Learn MoreShow Less
Gateway Community Bank 0.15% $1,000 - Learn MoreShow Less
Premier Community Bank 0.13% $10,000 - Learn MoreShow Less
Capitol Bank 0.13% $1,000 - Learn MoreShow Less
The First National Bank And Trust Company 0.11% $1,000 - Learn MoreShow Less
The Park Bank 0.10% $1,000 - Learn MoreShow Less
The Equitable Bank, S.s.b. 0.10% $500 - Learn MoreShow Less
U.s. Bank National Association 0.10% $10,000 - Learn MoreShow Less
Associated Bank, National Association 0.10% $10,000 - Learn MoreShow Less
Frandsen Bank & Trust 0.08% $50,000 - Learn MoreShow Less
Frandsen Bank & Trust 0.05% $10,000 - Learn MoreShow Less
Wells Fargo Bank, National Association 0.05% $10,000 - Learn MoreShow Less
Guaranty Bank 0.02% $1,000 - 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.

  • 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?

  • 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?

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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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