In a falling interest rate environment, it’s more important than ever to ensure your savings are earning a solid return. Putting your money in a certificate of deposit (CD) is one smart way to lock in today’s elevated rates before they’re gone.In fact, many banks and credit unions are offering CD rates of 4% APY and higher. And the best rates may be found at your local bank or credit union.Use the following map to see the highest CD rate available in each state. You can toggle between banks and credit unions to find a financial institution that fits your needs.Note: CD rates are accurate as of Jan. 31, 2025. Always verify rates and account details directly with financial institutions before opening an account.Top CD rates are competitive across the U.S. That said, these five states have the highest rates today.The highest CD rate in the country can be found in Texas. For a limited time, Abilene Teachers Federal Credit Union (AFTCU) is offering a 7-month savings certificate at 7.50% APY. The minimum opening deposit for this account is $500 and the maximum investment is $7,500.There are a few ways you can qualify to join ATFCU: You live, work, attend school, or worship in Taylor or Callahan counties You are related to a current member, or related to someone who is eligible to join (even if they have chosen not to join) You’re an employee of a public school system in an eligible Texas county You must open a membership savings account with a $25 minimum deposit to establish your membership with the credit union. Once you’ve joined, you can open a CD.Read more: What is a share certificate?Financial Partners Credit Union (FPCU) offers the second-highest CD rate in the country on its 8-month certificate. Members can earn 6.00% APY with a minimum opening deposit of $1,000 and a maximum deposit of $5,000. This offer is only available for new members in Los Angeles, Orange, Riverside, or San Diego County; the city of South San Francisco; and the city of Alameda, Calif.To join FPCU, you must live, work, or go to school in Los Angeles, Orange, Riverside, or San Diego County, or the City of South San Francisco or Alameda, Calif. You’re also eligible if you’re an employee or retiree of one of FPCU’s select employer groups.If you are eligible to join, you can establish membership by depositing at least $25 in a savings account. Your membership is then active and solidified for life, even if you change jobs or move away from these California communities.If you have a large amount of savings, you may want to take advantage of Moline Municipal Credit Union’s 13-month CD. With a minimum balance of $100,000, account holders can earn 5.64% APY — that’s more than three times the national average rate for a 12-month CD.Membership with MMCU is open to employees of the City of Moline, Moline Police and Fire departments, Metro bus system, and Trinity Hospital/Unity Point Health. Membership is also available to anyone who lives or works in Rock Isl
Gio. Feb 6th, 2025
