High yielding certificate of deposit rates in Indiana (Top 3)

July 20, 2009 No Comments »

Below are the top 3 CD rates yielding the highest interest rates in the state of Indiana. Because you will almost always find higher interest rates packaged with longer maturities we took the CD’s that beat the national average by the highest margins (so that we wouldn’t be strictly listing long-term deposits). After digging through a few dozen rate pages by various banks and credit unions serving the state of Indiana we found the best offers to come in the form of 15 month CD’s, 24 month CDs, and 60 month CDs.

Many local banking institutions cover regions which cross state lines, therefor you may want to compare the CD rates below with Illinois CD rates, Ohio CD rates or even Michigan’s savings rates to ensure the highest rate. Also, community banks and credit unions frequently run deposit promotions in which they offer abnormally higher yields on their deposits. Typically these products also come with odd maturities such as 9 month CDs or 15 month CDs. The first certificate of deposit in which we are covering for Indiana is a promotional offer and is subject to change without notice. Check with your own local institution to see if they are currently running similar offers before registering with a new bank or CU.

Top 3 CD rates (Indiana)

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

Beacon Credit Union: Warsaw, Indiana. 15 month CD yielding 2.84% APY. As mentioned before this is a “share certiticate special offer” which is only available temporarily. Beacon’s membership eligibilty is strictly geographical. If you live or work in any of these 15 Indiana counties – Blackford, Carroll, Cass, Fulton, Grant, Howard, Huntington, Kosciusko, Pulaski, Madison, Marshall, Miami, Wabash, White, or Whitley – you’re eligible to join Beacon Credit Union and take advantage of their certificates of deposit.

Allegius Federal Credit Union: Valparaiso, Indiana. 24 month CD yielding 2.75% APY with a minimum deposit of $1,000. Allegius Fed CU has four branches throughout Indiana and serves community members within those locations. They also have what’s called a “prime-time club” which is designated for people of 50 years or older. The benefits of joining this club are, Free checks, free money orders, no ATM fees, free travelers checks, and free financial consultation. To become a member you must pay a one-time membership fee of $250.

Credit Union 1: Indianapolis, Indiana. 60 month CD yielding 3.55% APY with a minimum deposit of $1,000. This CD rate gets bumped up to 3.65% APY if you deposit more than $10,000. About Credit Union 1 – In 1958, Chanute Military Credit Union opened its doors on the Chanute Air Force Base in Rantoul, Illinois to serve military personnel and their families. With the government’s announcement of plans to close the Chanute Air Force Base, plans were made to expand the credit union in order to continue to serve those faithful military members. As a result, the field of membership was expanded and they changed their name to Credit Union 1 in 1982. In 1999, they combined forces with Paysaver Credit Union, headquartered in Lombard, Illinois. Today they serve over 87,000 members throughout the state of Illinois and Indiana, as well as worldwide.

Compare with today’s top CD rates nationwide below:

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