Best CD Rates in Portland, Oregon: Top 3

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.

Best money market account rates in Oregon

Below are the highest yielding money market account rates serving citizens of the state of Oregon.

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 Oregon, 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 Oregon:

(click on the institution for more information)

• High Desert Bank: Bend, OR. Money market account yielding up to 1.61% APY with a minimum balance of $100,000. This account is set up in two tiers based on minimum balance. Anything between $100 - $99,999 will yield 1.31% APY and anything above the $100k threshold will yield 1.61% APY. You are entitled to 6 withdrawals per month anything more than that will incur a fee. You may also incur a fee if your account balance dips too low. High Desert Bank has just one location in Bend, Oregon. Contact: (541)848-4444.
• The Bank of Oswego: Lake Oswego, OR. Money market account yielding up to a whopping 2.22% APY if you can manage to keep a minimum balance of $150,000. Their personal and business money market account are set up in the exact same manner. They are both set up in 8 tiers. The tiers operate as follows: balance of between $0 and $2,499 yield 0.75% APY, balance of between $2,500 and $9,999 yield 1.0% APY, balance of between $10k and $24,999 yield 1.25% APY, balance of between $25k and $49,999 yield 1.35% APY, balance of between $50k and $99,999 yield 1.50% APY, balance of between $100k and $149,999 yield 2.0% APY and anything above $150k yield 2.22% APY. Their only branch resides in Lake View Village. Contact: (866) 875-4024

Both of the above institutions are federally insured by the FDIC. If you live in Oregon 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 Oregon (Top 3)

Below are the top 3 cd rates for residents of the state of Oregon. The banking products we surveyed came in the form of 24 month CD’s, 48 month CD’s and 60 year CD’s. Many of the top rates came from either national or regional institutions, however the rates listed below are all local. Rates vary from state to state, and in some cases larger national banks can beat the rates offered by your local banks and credit unions.

If you reside in Oregon and know of a better bank rate than the ones listed below, please share by leaving a comment. Keep in mind interest rates offered by banks are time-sensitive in nature and change regularly. Please refer to the date of this article for accuracy. If you would like to compare CD rates nationwide, then you may use our CD rate tab above.

Top 3 Certificate of Deposit rates for Oregon state residents:

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

HomeStreet Bank: Portland, Oregon - 24 month CD yielding 2.85% APY with a minimum deposit of $10,000. Employee and Family-owned HomeStreet Bank claims to be one of the largest private banks in the Northwest and Hawaii. They were established in 1921 and claim to have stayed focused on what they believe is most important: building long-term relationships with their customers and providing ongoing support to their communities.

Bank of Oswego: Lake of Oswego, Oregon - 48 month certificate of deposit yielding 3.25% APY with a minimum deposit of $1,000.  Their focus is to preserve and enhance their financial soundness so that they can provide the best long-term results for customers. They claim to this with their abundance of capital resources and a complete portfolio of banking products that can be suited to individual banking needs. They claim to possess a team of professionals with many years in the industry and a vast amount of knowledge.

ShoreBank Pacific: Portland, Oregon - 60 month certificate of deposit yielding 3.32% APY with a minimum deposit amount of $500. A note from ShoreBank…  “ShoreBank Pacific is the first commercial bank in the United States with a commitment to environmentally sustainable community development. We believe that long-term community prosperity goes hand-in-hand with a healthy environment. With that vision, ShoreBank Pacific, a Washington State chartered, FDIC insured bank, was formed in 1997 as a joint project of ShoreBank Corp., Chicago (the nation’s first community development bank) and Ecotrust™, an environmental non-profit located in Portland, Oregon.”