Finding the highest CD rates in Indianapolis can be tough, but locating the best rates will get you that much closer to your savings goals.
Indianapolis Banking Rates will help you locate the best CD rates by comparing available offers for you. We compile up-to-date rates information from our database of over 3,000 banks and credit unions to bring you only the most competitive rates in your area. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.10%
As of May 14, 2012
|
 |
CIT Bank
|
CD Account |
|
1.09%
As of May 15, 2012
|
|
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.75%
As of April 30, 2012
|
View Rate Details | Encompass Credit Union | CD Account |
|
1.26%
As of May 14, 2012
|
View Rate Details | Indianapolis Newspaper Credit Union | CD Account |
|
1.00%
As of May 15, 2012
|
View Rate Details | Wayne Bank Co. | CD Account |
|
1.00%
As of May 14, 2012
|
View Rate Details | Industrial Federal Credit Union | CD Account |
|
1.00%
As of May 9, 2012
|
View Rate Details | Centra Credit Union | CD Account |
|
0.80%
As of May 17, 2012
|
View Rate Details | Horizon One Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| Hendricks County Bank - 12 Month CD Account | 0.30% to 0.35% | May 17, 2012 | |
| Wayne Bank Co. - 12 Month CD Account | 0.80% to 0.75% | May 15, 2012 | |
| Centra Credit Union - 12 Month CD Account | 0.85% to 0.80% | May 9, 2012 | |
| IU Credit Union - 12 Month CD Account | 0.40% to 0.30% | May 4, 2012 | |
| Citizens Bank of Indiana - 12 Month CD Account | 0.25% to 0.20% | May 3, 2012 | |
| Encompass Credit Union - 2 Year CD Account | 1.76% to 1.75% | Apr 30, 2012 | |
CD rates can vary greatly depending on the term and location of the account. Don’t settle on the first rate you’re offered; researching the rates from all the banks and credit unions in your area will likely result in finding competitive offers you never knew existed.
Why is finding the best CD rate in Indianapolis so important? If you don’t need to access your money for a while, depositing in a CD could yield you higher interest rates.
Don’t worry if you don’t know how to find the best CD rates. Indianapolis Banking Rates exists to bring you current CD rates information from our huge database of banks and credit unions so locating the most competitive CD rates in Indianapolis is easy.
Indianapolis CD rates are much higher than what is being offered in the rest of the state. The average certificate of deposit in Indiana fails to compete with those being offered by banks and credit unions in Indianapolis.
See the highest CD accounts in the city below.
A certificate of deposit account is a virtually risk free investment, although it may not be the best money making initiative, which is why you need to locate the highest CD rates in Indianapolis in order to grow your money. Rates have decreased slightly approaching December in comparison to the week prior. Take advantage of the information we have provided, find and compare the best rates, and use it to maximize your savings.
When looking into investing in a certificate of deposit, the most important factor you need to consider is the interest rate. Whether you’re in search of a short-term six month CD, or are willing to commit to a longer investment period of one or two years in order to earn a higher rate, CD interest rates vary by location and financial institution. That’s why finding an account with the highest CD rate that also meets your savings needs and goals is crucial to making a wise investment.
