Indiana CD Rates
Today we here at Online Banks Blog are going to have a look at the best CD rates available in the State of Indiana. So let’s look at the best CD rates in Indiana today so you can know where to go.
Each bank listed will have a minimum deposit required to open and maintain their certificate of deposit account without fees. We’ll start with 1 year terms and then look at longer terms as well.
For a 1 year CD term, the best rates are at Flagstar and Harris, each of which offers a 1.55% annual percentage yield (APY) with a $500 and $1,000 minimum deposit, respectively. The national average right now is 0.69% APY, so those are good returns. Ally Bank offers a competing 1.49% APY with no minimum deposit requirement and First Midwest Bank offers a 0.85% APY to come in third on this 1 year term list.
Going to a 3-year term we find the best Indiana CD rates are at Ally Bank with a 2.29% APY and no minimum deposit requirement. First Midwest Bank then has a 1.75% APY with a $1,000 minimum deposit required followed by Centier Bank with a 1.50% APY and a $1,000 minimum as well. The national average is currently 1.43% for this term.
Finally, a longer 5-year term offers CD rates in Indiana above the national average again. Ally Bank has a 2.94% APY with no minimum deposit required while First Midwest Bank has a 2.40% APY with a $1,000 minimum deposit. Centier comes in again with a 2.00% APY and a $1,000 minimum requirement. The national average for this term is 2.00% APY.
All banks listed are FDIC insured.
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