Best CD (certificate of deposit) rates in Arkansas: Top 3

August 5, 2009 No Comments »

Below are the highest yielding CD rates available to residents in the state of Arkansas. The financial institutions offering these rates are local to this state but may also cover a larger regional area. If you reside in one of Arkansas’s bordering states you may also be eligible to take advantage of the savings products below, but you will need to contact a representative.

Some of the products listed below may be promotional and therefor only available for a limited time. These promotional deposit rates generally come with odd maturities (outside of the standard 6 month increments).

How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.

To get a better idea of how these local CD rates compare with national ones, compare CD rates nationwide.

Top 3 CD rates in Arkansas:

(clicking on the institution will bring you to their rates page)

  • Eastman Credit Union: Batesville, AR. 24 month CD yielding 2.70% APY with a minimum deposit of $1,000. ECU offers deposit rates based on a range of maturities. For example, you will receive a 2.70% APY for 2-3 year deposits. You can opt for any duration of time within that period and lock in the same fixed rate of 2.70%. To join Eastman credit union you need to either live, work, worship or attend school in one of the counties listed on their coverage maps OR work for one of their selected group of employers.
  • Arkansas Federal Credit Union: Little Rock, AR. 36 month CD yielding 3.0% APY with a minimum deposit of $1,000. This rate became effective on the first of August. Joining this credit union is a bit tricky if you fall outside of their group of selected employers. However, if you have family members whom fit within the criteria you may be able to join. The list of selected employers is largely made up of city municipalities and/or military service units such as LIttle Rock Air Force Base, Camp Pike, Camp Robinson, etc. Along with these organizations, Arkansas Federal Credit Union also has list of 500 participating small and medium sized companies within the state.
  • Carter Federal Credit Union: Magnolia, AR. 48 month CD yielding 3.30% APY with a minimum deposit of $1,000. If you opt for a jumbo CD (deposit of $50,000 or more) then they will bump up this rate to 3.43% APY. Carter Federal Credit Union also has a very noteworthy high interest checking account which is yielding an APY of 5.01% on balances up to $30,000. However, you will need to meet the monthly requirements to earn that advertised interest rate. If you live, work, worship or attend school, or are a business or other legal entity in Caddo, Bossier, Webster, Bienville, Claiborne, DeSoto or Red River Parishes, and Columbia or Lafayette Counties, you can join Carter Federal. Your family members, co-workers and neighbors may also be eligible.

Compare with today’s top CD rates nationwide below:

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