If you'd like to bank with a national brand that's available nationwide, some of the best online banks also pay high CD rates: All members have to open a regular share account with a $5 minimum opening deposit and maintain a $5 balance to retain active membership. Membership is open to anyone who lives, works, volunteers, worships, or goes to school in any county in Washington or select counties in Idaho (Clearwater, Idaho, Latah, Lewis, and Nez Perce County are all eligible). To get a CD special, you must become a member of Lewis Clark Credit Union. Alpena Alcona Area Credit Union specifically serves communities in Michigan, and like Lewis Clark, it has eligibility requirements to open accounts. The credit union offers a 7-month CD special paying 7.19% APY to members.

Previously, Alpena Alcona Area Credit Union had the highest CD rate available.

It's also designated as a community development financial institution, which means it serves disadvantaged communities. The credit union is federally insured by the NCUA, so deposits are protected for up to $250,000 per depositor, per category. Lewis Clark is a local financial institution with branches in Lewiston, Idaho Orofino, Idaho and Clarkston, Washington. The credit union defines new money as funds that haven't yet been deposited into a Lewis Clark Credit Union account as of July 25, 2023. It also has a 19-month certificate special paying 6.43% APY.Ĭertificates at the credit union require a minimum deposit of $500, and you must deposit new money. Lewis Clark Credit Union is offering an 11-month certificate special paying 7.23% APY. There's a new market leader for the highest CD rate - Lewis Clark Credit Union.

If you don't qualify for membership, national financial institutions with the best CD rates pay 5% APY or more.

At Lewis Clark Credit Union, you can earn 7.23% APY if you qualify to open an 11-month certificate, and 6.43% APY on a 19-month term.

More credit unions are offering CD specials with competitive interest rates.

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