Best CD Rates in Portland, Oregon: Top 3

October 12, 2009 No Comments »

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Portland, Oregon. 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 Portland as well as Oregon, 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 Portland, Oregon:

  • Providence Health System Federal Credit Union has a 6 month CD yielding 2.96% APY with a minimum deposit of $1,000 required.
  • Pacific West Bank (Lake Oswego, OR) has a promotional 7 month CD yielding 1.75% APY with a minimum deposit of $5,000 required. 
  • Frontier Bank has a 6 month CD yielding 1.65% APY with a minimum deposit of $500 required.

Best 12 month CD rates in Portland, Oregon:

  • Pacific West Bank has a promotional 13 month CD yielding 2.25% APY with a minimum deposit of $5,000 required.
  • Frontier Bank has a 12 month CD yielding 2.05% APY with a minimum deposit of $500 required.
  • HomeStreet Bank has a 12 month CD yielding 2.0% APY with a minimum deposit of $500 required.

Best 24 month CD rates in Portland, Oregon:

  • 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 institution and can accept deposits from any state.
  • Washington Federal Savings and Loan Association has a 24 month CD yielding 2.50% APY with a minimum deposit of $500 required.
  • Pacific Continental Bank (Vancouver, WA) has a 24 month CD yielding 2.47% 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 Portland, Oregon 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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