Posts Tagged ‘Ohio CD rates’
Top 6 month CD rate in Ohio crushing national average!
If you happen to reside in the state of Ohio and are in the market for a six month CD, you’re in luck! Steel Valley Federal Credit Union, based out of Warren Ohio, has a 6 month CD yielding 2.12% APY with a minimum deposit requirement of only $500. To put their offer in perspective, the current national average for 6 month certificate of deposits is only 1.03% APY.
How to Join SVFCU…
Complete a membership card designating a single or joint membership and forward it to Steel Valley Federal Credit Union Office, along with a check for $10.00 which will be deposited into your share savings account. Every member must maintain a minimum balance of $50.00 to retain membership. Once you become a member, you may remain a member even if you leave employment in the Field Of Membership, retire or move away from the area. Once a member, always a member at SVFCU!
Complete List of CD Rates…
|
CERTIFICATE |
RATE |
APY |
|
| 3 MONTHS | $500.00 Minimum | 1.85% | 1.86% |
| 6 MONTHS | $500.00 Minimum | 2.10% | 2.12% |
| 12 MONTHS | $500.00 Minimum | 2.15% | 2.17% |
| 18 MONTHS | $500.00 Minimum | 2.35% | 2.37% |
| 24 MONTHS | $500.00 Minimum | 2.45% | 2.47% |
| 36 MONTHS | $500.00 Minimum | 2.60% | 2.63% |
| 48 MONTHS | $500.00 Minimum | 3.10% | 3.14% |
| 60 MONTHS | $500.00 Minimum | 3.30% | 3.34% |
Compare this with other CD rates in Ohio and you’ll see this offer sets the bar fairly high. SVFCU has a presence (either ATM or physical branch) within all of the major cities in Ohio (Cleveland, Cinncinati, Akron, Columbus, etc).
Best CD Rates in Columbus, Ohio: Top 3
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.
Best CD Rates in Cleveland, Ohio: Top 3
Below are the highest yielding CD (certificate of deposit) rates available to the residents of Cleveland, OH. The institutions we will cover all include the following cities in Ohio: Warren, Massillon, Brecksville, Akron, Elyria, Canton, Mansfield, Toledo, and Lima. 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 Cleveland as well as the state of Ohio, 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 Cleveland, OH:
- Steel Valley Federal Credit Union has a 6 month CD yielding 2.12% APY with a minimum deposit of $500 required.
- Cleveland Police Credit Union has a 6 month CD yielding 1.75% APY with a minimum deposit of $500 required. This credit union is particularly hard to join if you do not have any family members working in the police department.
- Navy Federal Credit Union has a 6 month CD and a 9 month CD yielding 1.50% APY with a minimum deposit of $10k required.
Best 12 month CD rates in Cleveland, OH:
- Steel Valley Federal Credit Union also has a promotional 13 month CD yielding 2.52% APY with a minimum deposit of $500 required (their 12 month CD yields 2.17%)
- ING Bank has a 12 month CD yielding 2.25% APY. They are a national bank and can accept deposits from any state.
- Cleveland Police Credit Union also has a 12 month CD yielding 2.0% APY.
Best 24 month CD rates in Cleveland, OH:
- Hudson City Savings Bank has a 24 month CD yielding 2.50% APY. They are a national bank and can accept deposits from any state. They require a minimum balance of $5000.
- Steel Valley Federal Credit Union has a 25 month CD yielding 2.47% APY with a $500 minimum deposit required.
- Fifth Third Bank (Brooklyn, OH) has a 24 month CD yielding 2.15% APY with a minimum deposit of $5000 required.
Massillon Area Credit Union’s special 9 month CD rate
Massillon Area Credit Union out of Ohio just extended their 9 month certificate of deposit special until the end of March. This 9 month CD comes with an interest rate of 2.97% or 3.0% APY and has a minimum deposit of $1,000. The current national average for 12 month CD’s is slightly less than 2.20% which makes this a pretty lucrative deal.
If you are looking for safe and temporary investments, then 6-12 month CD’s are probably a good bet. The current rates aren’t great but if you find CD rate promotions offered by local banks and credit unions you can usually snag a rate that tops the national average for 50% or so. Another benefit of the short maturity date is that your money stays relatively liquid and gives you the flexibility to move on to more lucrative investments should they present themselves in the near future.
Massillon Area Credit Union Special 9 month CD terms and conditions:
Rates are subject to change weekly
Dividends compounded quarterly
Penalty for early withdraw
About Massillon Area Credit Union (as seen on website)
The Massillon Area Credit Union (MACU) was founded in 1958 to serve the financial needs of employees of the Massillon school system. In 2001, MACU became a Community Charter credit union. Now, all business, individuals and their families who live, work, worship, or attend school in Stark County, Ohio are eligible to join.
MACU is a full-service financial institution with over $31 million in assets and serving more than 4,500 members. The friendly staff at MACU is fully committed to servicing its membership.
Your shares, commonly known as savings, are protected up to $250,000.00 per account. This unparalleled level of protection is possible because of our affiliation with American Share Insurance, (ASI), the nation’s largest private deposit insurer.
External Resource: Free Prepaid Credit Card
Certificate of Deposit Special – 15 month term 3.00% APY
Greater Warren Credit Union of Ohio, is offering a special 15 month CD with a rate of 3.00% APY as of March 19, 2009. To apply for this CD and receive their “special” rate you must be able to make a minimum deposit of $5,000.
Greater Warren Credit Union CD Rates (Ohio)
6 month CD – 1.75% APY
12 month CD – 2.25% APY
15 month CD (SPECIAL) – 3.00% APY
48 month CD – 2.75% APY
60 month CD – 3.50% APY
Certificates of deposit, in general, are experiencing a unique and dramatic lull as far as rates are concerned. If you have been a frequent BankVibe reader you probably noticed our (sometimes successful) quest for 3.0% returns. In some instances we have been successful in scrounging up those rates for 18 month, 12 month and even (in one instance) 6 month maturities, however, they are very few and far between. Typically when we do discover them they are offered through local credit unions and banks which have strict geographical restrictions on who can become a member.
To find the best CD rates nationally available review our CD rates tables, or if you are searching for the BEST rates available you can dig through our archive titled “best cd rates” (upperleft). Again, the best CD rates usually vary from state to state.
If you know of a 3.0% rate, help us out in our quest by leaving a comment below!
