Highest District Of Columbia CD (Certificate of Deposit) Rates

If you are looking for a good way to invest your money minus the risk, then a certificate of deposit may be the best choice for you. When choosing a CD, take note that the higher the interest rate, the higher income you can earn. The DC-District of Columbia CD (Certificate of Deposit) Rates of less than one year certificate of deposits can earn a depositor up to $72. By just being passive, depositors can add a few bucks on their CDs.

Compare the Best CD Rates in District Of Columbia

Account Type:
Certificates of Deposit
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District Of Columbia CD (Certificate Of Deposit) Rates For Short Term CDs

Short term certificates of deposit earn interests even if they are not big enough. But if compared with a savings account, the yields are still higher. This means that a certificate of deposit bearer can earn more interests than a savings account depositor. The only difference between the two and the only advantage of the savings account over the short term certificates of deposit, is that the funds in the former account can have unlimited withdrawals. This is why a lot of depositors who have short term plans for their cash would avail of certificates of deposit that have the lowest term, such as a 30 day. Others would resort to longer short term certificates of deposit, such as a 3 Month or 6 Month, which can still be good.

Finding the best District of Columbia CD (Certificate of Deposit) Rates can be easily done by applying the certificate of deposit terms of certain banks. For instance, by using a sample depositor with an initial deposit of $10,000 and applying the APYs and terms of certificates of deposit, potential investors can visualize the idea of earning the interests by looking at all factors and not just the rates.

District of Columbia CD Rates for short term certificate of deposits are headed by the Bank of Georgetown with an APY of 1.40%, a minimum required opening deposit of $1,000, a four month term and earnings of $46.58 based on a $10,000 initial deposits. Hudson City Savings Bank comes in second with its 3 Month CD, 1.00% APY and minimum deposit of $500 and earnings of $24.84. Library of Congress Federal Credit Union has a slightly lower APY and a possible earnings of $23.60 which is still not bad. Library's term CDs include those that have 3 to 5 months term on it.

The District of Columbia CD (Certificate of Deposit) Rate of the six months to 11 months term CDs of Library of Congress Federal Credit Union is 1.45%. An initial deposit of $10,000 can earn $72.44 in 6 to 11 months. Hudson City Savings Bank has an APY of 1.10%, a term of 7 months and earnings of $64.05 for the $10,000 deposit. Flagstar Bank has a higher APY of 1.25%, a term of 6 Months but earnings of $62.48. State Department Federal Credit Union promises a 1.10% APY, same with Hudsons, but with a term of 6 months making the earnings of $55.00 slightly lower. State Bank of India and Nationwide Bank both provides APYs of a flat 1.00%, with earnings of $50.01 and terms of 6 Months.

Obviously, the District of Columbia CD Rates won't actually earn depositors over a hundred dollars with a $10,000 opening deposit. But if the depositor invests on a longer term, such as 12 months, or deposits more, the interests can earn as much $185, in the case of Library of Congress 1 Year 1.85% APY certificate of deposit. Once the account pays interest, the investor can choose whether he or she will reinvest it, or spend it.

CD Rates by State:

ONLINE SAVINGS ACCOUNT

  • No minimum balance
  • Competitive rates, No risk

MONEY MARKET ACCOUNT

  • High rates, Access to money
  • FDIC Insured

CD Types


CDs Overnight Averages

Product
Yield
+/-
Last week


3 Mo CD
0.11
-
0.11


6 Mo CD
0.17
-
0.17


1 Yr CD
0.26
-
0.26


1.5 Yr CD
0.33
-
0.33


5 Yr CD
1.02
-
1.02


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