Highest CD Rates in Alabama
Normally, we here at Highest CD Rates Info focus on national rates or bank-specific offers. Several of you have asked what the regional rates are for your area, so we made a list of the states you live in and starting doing our thing. We start out with Alabama CD rates.
These will be ranked by term and then by annual percentage yield (APY). We’ll also include the minimum deposit requirement and give you the best CD rates in Alabama for each term. All of these are the current CD rates as of this writing.
1 Year Term Highest CD Rates in Alabama
For this most popular term, the best rates are at Colonial Bank with a 2.00% APY and a $500 minimum deposit required. BBVA Compass is next at 1.45% APY with a $5,000 minimum followed by Regions Bank with a 1.10% APY and a $500 minimum deposit requirement.
3 Year Term Alabama CD Rates
Colonial is still on top with a 2.25% APY and that $500 deposit requirement for this term. BBVA Compass has a 1.80% APY and $5,000 minimum deposit while Regions and RBC Bank both have a 1.50% APY and a $500 and $1,000 minimum deposit (respectively).
5 Year Term Best CD Rates in Alabama
For this longer term, the highest CD rates in Alabama are at BBVA Compass at 2.70% APY with that $5,000 minimum deposit requirement. Colonial Bank then comes in at 2.25% APY and a $500 minimum while RBC Bank has a 1.90% APY and a $1,000 minimum deposit requirement.
6 Month Term Current CD Rates in Alabama
For this popular short-term, the highest CD rates in Alabama are at Colonial Bank at 1.75% APY with their $500 minimum deposit requirement. BBVA Compass has a 1.15% APY and their $5,000 minimum while Regions Bank has a 1.01% APY and a $500 minimum deposit.
All banks listed are FDIC insured and if any of these current CD rates appeal to you, Alabama CD rates change often, so lock yours in today.