Posts Tagged ‘Oklahoma CD rates’
Best CD Rates in Oklahoma City, OK: Top 3
Below are the highest yielding CD (certificate of deposit) rates available to the residents of Oklahoma City, OK. 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 Oklahoma City as well as Oklahoma, 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 Oklahoma City, OK:
- Sooner State Bank (The Village, OK) has a 6 month CD yielding 2.02% APY with a minimum deposit of $10,000 required.
- Communications Federal Credit Union has a 6 month CD yielding 1.90% APY with a minimum deposit of $1,000 required.
- WEOKIE Credit Union (Edmond, OK) has a 6 month CD yielding 1.87% APY with a minimum deposit of $1,000 required.
Best 12 month CD rates in Oklahoma City, OK:
- MidFirst Bank has a promotional 15 month CD yielding 2.10% APY with a minimum deposit of $5,000 required.
- Sooner State Bank has a 12 month CD yielding 2.07% APY with a minimum deposit of $10,000 required.
- Oklahoma Employees Credit Union has a 12 month CD yielding 2.02% APY with a minimum deposit of $500 required.
Best 24 month CD rates in Oklahoma City, OK:
- Tinker Federal Credit Union (Bethany, OK) has a 24 month CD yielding 2.68% APY with a minimum deposit of $10,000 required.
- Communications Federal Credit Union has a 24 month CD yielding 2.55% APY with a minimum deposit of $1,000 required.
- Sooner State Bank’s 24 month CD is yielding 2.53% APY with a minimum deposit of $1,000 required.
Highest yielding money market account rates in Oklahoma
Below are the highest yielding money market account rates serving citizens of the state of Oklahoma.
If you are strictly after the best interest rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.
After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of Oklahoma, we have found that in some instances you may be able to lock in more competitive rates with national institutions rather than local ones. Before committing to one of the banks/credit unions listed below, you may want to browse through our archive of money market accounts.
Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy. As with all money market accounts, the interest rates are variable and are subject to change without notice.
Top 2 money market rates in Oklahoma:
(click on the institution for more information)
- Washita State Bank: Burns Flat, OK. Money market account yielding 1.76% APY with a minimum balance of $10,000. Washita Is a very small bank in Oklahoma with only one location. They still offer a wide range of banking products. If you are looking for savings accounts they offer everything from rewards checking and money market accounts to certificate of deposits and health savings accounts. They also offer personal loans, auto loans, equipment loans, home loans, etc. Contact: (580) 562-4871
- Bank of Hydro: Weatherford, OK. Money market account yielding up to 1.75% APY. Like most money market accounts, this one is set up in 3 tiers based on balance amount. If you maintain a balance of $1 to $2,499 you will yield 0.75% APY, if you keep a balance of between $2,500 and $9,999 you will yield 0.99% APY and if you have a balance of above $10,000 you will yield the lucrative 1.76% APY. Bank of Hydro has three locations throughout Oklahoma. One in Weatherford, one in Hydro and one in Eakly. Contact: (405) 663-2214
Both of the above institutions are federally insured by the FDIC. If you live in Oklahoma and know of a better money market rate offered through your local institution, please share by leaving a comment.
Best Certificate of Deposit Rates in Oklahoma – Top 3
Below are the top 3 CD rates for residents of the state of Oklahoma. Many local banks and credit unions serving various communities within the state of Oklahoma are currently offering less competitive rates than those offered by some of the larger national banks. After researching the savings rates offered by these local institutions we have compiled the top 3. They come in the form of 24 month CD’s, 36 month CD’s, and 60 month CD’s. If you are strictly after the highest interest rate then you may want to compare the local rates below with some of the rates offered nationally. Compare CD rates.
Top 3 Certificate of Deposit Rates (Oklahoma banks and credit unions):
(clicking on the name of the institution will bring you to their rates page)
Communications Federal Credit Union: Tulsa, Oklahoma. 24 month CD yielding 2.80% APY with a minimum deposit amount of $1,000. Communications Federal Credit Union has 18 branches throughout the midwest (primarily in the state of Oklahoma) and offers a wide range of banking products for both consumers and small businesses. Their other featured savings product is an 18 month CD yielding an APY of 2.40%. You must stop-in to a local branch to take advantage of these savings accounts.
Weokie Credit Union: Yukon, Oklahoma. 36 month CD yielding 3.04% APY with a minimum deposit amount of $1,000. Weokie Credit Union claims to be one of the largest credit unions in the state of Oklahoma, serving tens of thousands of members with a complete range of banking products. Founded in 1969, Weokie CU orignally served the employees of Western Electric of Oklahoma. They have a very democratic form of management in which members elect the board of directers whom then serve out a 3 year term.
Oklahoma Employees Credit Union: Vinita, Oklahoma. 60 month CD yielding an APY of 3.55% with a minimum deposit amount of $500. OECU serves the state of Oklahoma and has a fairly strict membership eligibility checklist. Anyone who lives, works, worships or attends school in the counties of Oklahoma, Canadian, Cleveland, Logan, McClain, or Pottawatomie is eligible. There may be some exceptions if you happen to have family members who fit the prior criteria, if not you’re most likely out of luck. OECU has 7 branches throughout the state.
All of the above mentioned credit unions and banks are federally insured by either the FDIC or the NCUA (the credit union equivalant) of up to $250,000. If you reside in the state of Oklahoma and know of a better savings rate offered by your local banking institution please share by leaving a comment!
