Best CD Rates in Columbus, Ohio: Top 3

October 10, 2009 No Comments »

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Columbus, Ohio. The institutions we will cover serve (at least) the following cities in Ohio: Grove City, Upper Arlington, Dublin, Westerville, Gahanna, Reynoldsburg, Newark and Lancaster. 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 Columbus as well as Ohio, we found that for the most part, you will be able to receive slightly better rates with national institutions than with local 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 Columbus, OH:

  • United Midwest Savings Bank has a 6 month CD yielding 1.75% APY with a minimum deposit of $500 required.
  • Benchmark Bank (Gahanna, OH) has a 6 month CD yielding 1.50% APY with a minimum deposit of $500 required.
  • Columbus First Bank (Worthington, OH) has a 6 month CD yielding 1.50% APY with a minimum deposit of $500 required. 

Best 12 month CD rates in Columbus, OH:

  • United Midwest Savings Bank also has a 12 month CD yielding 2.30% APY with a minimum deposit of $500 required.
  • Benchmark Bank has a 12 month CD yielding 2.05% APY with a minimum deposit of $500 required. 
  • Columbus First Bank has a 12 month CD yielding 2.05% APY with a minimum deposit of $500 required as well.

Best 24 month CD rates in Columbus, OH:

  • First Community Bank (Columbus branch) has a promotional 27 month CD yielding 2.50% APY with a minimum deposit of $5,000 required.
  • Hudson City Savings Bank has a 24 month CD yielding 2.50% APY with a minimum deposit of $5,000 required. This is a national bank and can accept deposits from any state.
  • KEMBA Financial Credit Union has a 24 month CD yielding 2.30% APY with a minimum deposit of $500 required.
All of the above institutions are federally insured by either the FDIC or NCUA. If you live in the city of Columbus, OH 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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