highest cd interest rates

The Highest CD Rates by State in the USA

Maximizing Returns

Banks are offering competitive interest rates on savings accounts. How can you make the most of this? Consider Certificate of Deposit (CD) accounts, which often provide higher interest rates than standard savings accounts. If you want to optimize your savings strategy, learn more about the highest CD interest rates available near you.

Best CD Rates By State


For savers in the Golden State, several institutions offer attractive CD rates. One standout is the Bank of the West, with competitive rates across various CD terms. Additionally, credit unions like SchoolsFirst Federal Credit Union and Patelco Credit Union frequently provide compelling rates for California residents.

New York

Those in the Empire State can explore options such as Ally Bank, known for its consistently high CD rates nationwide. Another notable contender is Discover Bank, which often offers enticing rates for New York customers. Credit unions like Navy Federal Credit Union and Municipal Credit Union also merit consideration as they are known for offering APYs around 5.35%.


With its robust financial sector, Texas boasts several institutions offering impressive CD rates. Frost Bank is renowned for its customer-centric approach and competitive CD offerings. Capital One, a national bank with a strong presence in Texas, often provides attractive rates as well. Credit unions like Randolph-Brooks Federal Credit Union and First Community Credit Union are also worth looking into.


SunTrust Bank, now part of Truist Financial Corporation, frequently offers competitive CD rates for Florida residents. Another option is Wells Fargo, which has a significant presence in the state and provides various CD terms to suit different savings goals. Florida Credit Union and VyStar Credit Union are among the credit unions known for their appealing CD rates.


Chase Bank, a prominent player in the Illinois banking scene, often provides competitive CD rates alongside its wide array of financial products. Additionally, BMO Harris Bank is recognized for its competitive rates and customer-friendly services. Credit unions like Alliant Credit Union and Baxter Credit Union also offer compelling CD options for Illinois savers.


TCF Bank, headquartered in Wayzata, Minnesota, offers competitive CD rates for residents of the Land of 10,000 Lakes. With a range of CD terms and flexible options, TCF Bank provides savers in Minnesota with opportunities to maximize their returns. Additionally, Wings Financial Credit Union, founded by airline employees and now serving diverse communities, is known for its appealing CD rates and customer-centric approach. Residents of Minnesota seeking attractive CD options can also explore institutions like Bremer Bank and Affinity Plus Federal Credit Union.

New Mexico

New Mexico residents have access to institutions like Bank of the West, which frequently offers competitive CD rates across various terms. With its commitment to community banking and personalized service, Bank of the West provides savers in New Mexico with opportunities to grow their savings steadily. Another option is Sandia Laboratory Federal Credit Union, catering to the needs of employees of Sandia National Laboratories and their families, which often provides attractive CD rates and flexible terms. Credit unions like Kirtland Federal Credit Union and Nusenda Credit Union also offer appealing CD options for residents of New Mexico.


Citizens Bank, headquartered in Providence, Rhode Island, extends its reach into neighboring Massachusetts with competitive CD rates. Santander Bank, with a significant presence in Massachusetts, is another institution to consider for attractive CD options. Massachusetts residents may also find appealing CD rates at institutions like Digital Federal Credit Union and East Boston Savings Bank.

North Carolina

BB&T, now part of Truist Financial Corporation, is a leading bank in North Carolina known for its competitive CD rates. Another option is PNC Bank, which provides a range of CD terms to cater to different savings objectives. Credit unions like State Employees' Credit Union and Coastal Credit Union also offer noteworthy CD rates for North Carolina residents.


BECU (Boeing Employees Credit Union), one of the largest credit unions in the country, frequently offers attractive CD rates for Washington residents. Another option is Umpqua Bank, known for its community-oriented approach and competitive CD offerings. Residents of Washington may also find appealing CD rates at institutions like Banner Bank and Columbia Bank.

State-Specific Savings

With banks across the United States vying for customers' deposits, there are ample opportunities to secure attractive CD rates to bolster your savings. Whether you reside in California, New York, Texas, Florida, Illinois, Massachusetts, North Carolina, Washington or any other state, it's worth exploring the options available to you. By conducting thorough research and comparing rates and terms, you can identify the best CD rates near you and take significant strides toward achieving your financial goals.

Read on to learn about United States interest rates.