Best CD Rates in Charlotte, NC: Top 3

October 7, 2009 No Comments »

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Charlotte, North Carolina. The institutions we will cover all include the following cities in North Carolina: Shallotte, Salisbury, Holy Ridge, Arden, Matthews, Winston Salem, Cary, Concord, Asheville, and Greensboro. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Charlotte as well as the state of North Carolina, we found that for the most part, you will be able to receive slightly better rates with local institutions than with national ones.

Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide. 

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.

Best 6 month CD rates in Charlotte, NC:

  • State Employees Credit Union (Charlotte branch) has a 6 month CD yielding 2.0% APY with a minimum deposit of $250 required. 
  • Bank of Granite has a 7 month CD yielding 1.95% APY with a minimum deposit of $10,000 required. 
  • Park Sterling Bank has a 6 month CD yielding 1.75% APY with a minimum deposit $1,000 required.

Best 12 month CD rates in Charlotte, NC:

  • Bank of Granite also has a 13 month promotional CD yielding 2.25% APY with a minimum deposit of $10,000 required.
  • Sharonview Federal Credit Union has a 12 month CD yielding 2.25% APY with a minimum deposit of $500 required.
  • New Dominion Bank has a 12 month CD yielding 2.05% APY with a minimum deposit of $3,000 required. New Dominion Bank is a national bank and can accept deposits from any state.

Best 24 month CD rates in Charlotte, NC:

  • Hudson City Savings Bank has a 24 month CD yielding 2.50% APY with a minimum deposit of $5,000 required. They are also a national bank and can accept deposits from customers throughout the country.
  • Carolina Premier Bank has a 24 month CD yielding 2.25% APY with a minimum deposit of $1,000 required. 
  • Park Sterling Bank (Charlotte branch) also has a 24 month CD yielding 2.25% APY with a minimum deposit of $1,000 required.
All of the above institutions are federally insured by either the FDIC or NCUA. If you live in the city of Charlotte, NC and know of a better interest rate offered through your local bank or credit union, please share by leaving a comment.

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