Highest Wyoming CD (Certificate of Deposit) Rates

Wyoming is a home of many business minded people who want to diversify their portfolio and gain more in their investment. In a land of investments and multiple business opportunities, certificate of deposits allow residents to earn income at little or no risk. Now they can earn higher interest rates compared to regular bank accounts. This article talks about the different WY-Wyoming CD (Certificate of Deposit) Rates, the institutions that offer them, and the terms for each account.

Compare the Best CD Rates in Wyoming

Account Type:
Certificates of Deposit
Amount:
Term:



Quest for the Best Wyoming CD (Certificate Of Deposit) Rates

Wyoming is a land of investments and business possibilities. Though it has, along with the other states, experienced a slight downturn in its investments' value, the Wyoming residents have constantly searched for opportunities to upgrade their investment portfolios. Individuals have also made moves to increase their income through certificate of deposits.

People invest on certificates of deposit for the sole purpose of earning money. Their savings account does earn them money but to the plus side, certificates of deposit serve a better option if they don't plan on using the funds for the next few months. On the present, the residents are availing of their certificates of deposit from top national banks such as Ally bank with a Wyoming CD (Certificate of Deposit) Rates of 0.69% for its 3 Month CD and 2.90% for its 5 Year CD. Discover Bank has also won the hearts of Wyoming investor due to its 3.00% APY for its 5 Year CD and a 0.65% APY for its 3 Month CD.

Wyoming residents may as well invest on local banks such as the First Interstate Bank. First Interstate Bank has an APY and rates of 0.90%, 1.25%, 1.60% and 2.00% on its 7 Month, 13 Month, 25 Month and 37 Month certificates of deposit. The bank requires a $1000 minimum opening deposit for the APYs to apply and the rates are only available to depositors who open their CD accounts online. Central Bank offer CD Management Account and Central Advantage CD in addition to its regular CDs. CD Management account has a variable rate that changes on every first day of each month.

Central Advantage CD has a term of one year and provides a chance for more yields. The minimum opening deposit for both is $2,500 and depositors can make additional $100 deposits any time within the term.

Credit Unions also provide the best Wyoming CD (Certificate of Deposit) Rates. Warren Federal Credit Union, which is stationed in Cheyenne, Wyoming, offers promising rates for its term certificates of deposit. The 90 day CD has an APY of 0.60%, 6 Month has 0.75%, 12 Month has 1.19%, 18 Month has 1.29%, 24 Month has 1.79%, 36 Month has 2.33%, 48% has 2.72% and 60 Month has 3.21%. These are rates are based on deposits below $50,000 with a minimum of $250. Lockheed Federal Credit Union is also offering higher rates. Depositors can apply online in the credit union's website. Their terms range to flexible 91 days to 60 months and the dividends are earned daily. The bank requires a minimum opening balance f $1000 for the APYs to apply. Depositors can earn 0.05% to 0.65% higher rates with Relationships Rewards.

Wyoming CD (Certificate of Deposit) Rates can be found in many online banking and finance educational sites such as BankRate.com. Investors or depositors will find best rates through careful shopping. Many websites provide charts that allow people to compare rates.

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


CDs Guides