Highest Yielding CD Rates for Oklahoma, OK

Includes Online Banks, Local Banks and Credit Unions / Updated September 26, 2023

All rates listed are Annual Percentage Yield (APY).


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12-Month Rates

  • 5.67% Online Rate
    12-Month CD - $500 Min.

    Early withdrawal penalty is 180 days interest.

    | May 22, 2023

    Your personal experiences OUTSIDE the bank shouldn't be the basis for your review of how the bank actually functions. More Reviews

  • 5.65% Online Rate
    12-Month CD - $25,000 Min.

    Early Withdrawal Penalty is 6 months interest.

    | June 13, 2023 |

    5% + on a savings rate is attractive, but the phone reps are trained to tell people as a first response to come to a branch to address any inquiries. (Thankfully, I don't live in Florida but I also means ... More Reviews

  • 5.62% Online Rate
    1-Year CD - $25,000 Min.

    Early Withdrawal Penalty is 30 days interest.

    | May 30, 2023 |

    Thank you to this site for showing this CD rate. I could not find it on the three leading sites (Bankrate, BestCashCow or Nerdwallet). Heck, I couldn't even find it easily on CIBC's own website, but that... More Reviews

  • 5.55% Online Rate
    One Year CD - $10,000 Min.

    Warning: Early Withdrawal Penalty is 270 days interest.

  • 5.50% Online Rate
    1-Year CD - $1,000 Min.

    Early Withdrawal Penalty is 90 days interest.

    | June 21, 2021 |

    This account is great. Had first opened an online savings account and then I locked into the 18-month No Penalty CD. While interest is still lost if you get out before a quarterly payment date, it provides... More Reviews

  • 5.50% Online Rate
    12-Month CD - $1,000 Min.

    Early Withdrawal Penalty is 90 days interest.

    | September 3, 2023 |

    The ACH processes at this bank are terrible. At maturity of my CD, the bank refused an external ACH drawn from an outside bank, in spite of providing assurances that this would not happen together with th... More Reviews

  • 5.50% Online Rate
    1-Year CD - $1,500 Min.

    Early Withdrawal Penalty is 180 days interest.

    | April 1, 2023 |

    I like the fact that the rate is now competitive, and nothing else about this bank. More Reviews

  • 5.50% Online Rate
    1 Year CD - $2,500 Min.

    Early Withdrawal Penalty is 90 days interest.

    | September 18, 2022 |

    Let's see. A bank with a name like "LendingClub" that is focused on predatory straight cash lending in an economy that has gone from flush with cash to a deep recession (depression?) and that has a website... More Reviews

  • 5.50% Online Rate
    12 Month CD - $5,000 Min.

    Early Withdrawal Penalty is 90 days interest.

    | May 17, 2022 |

    I have accounts at some of these other names where I make a little more, but if I need something (to access my cash or to cover an obligation somewhere), this is the place I go. Great service by phone too... More Reviews

  • 5.41% Online Rate with branch - View
    12 Month Online CD - $500 Min.

18-Month Rates

  • 5.60% Online Rate
    18-Month CD - $1,000 Min.

    Early Withdrawal Penalty is 90 days interest.

    | September 3, 2023 |

    The ACH processes at this bank are terrible. At maturity of my CD, the bank refused an external ACH drawn from an outside bank, in spite of providing assurances that this would not happen together with th... More Reviews

  • 5.60% Online Rate
    18-Month CD - $25,000 Min.

    Warning: Early Withdrawal Penalty is 2% of the account balance.

  • 5.47% Online Rate
    18-Month CD - $500 Min.

    Early withdrawal penalty is 180 days interest.

    | May 22, 2023

    Your personal experiences OUTSIDE the bank shouldn't be the basis for your review of how the bank actually functions. More Reviews

  • 5.45% Online Rate
    18 Month Online CD - $100,000 Min.
  • 5.35% Online Rate
    18-Month - $10,000 Min.

    Early Withdrawal Penalty is 270 days interest.

  • 5.25% Online Rate
    18 Month CD - $0 Min.

    | December 6, 2022 |

    The MOST organized bank with easy to read online banking ever! More Reviews

  • 5.17% Online Rate
    18 Month Online CD - $25,000 Min.

    | May 30, 2023 |

    Thank you to this site for showing this CD rate. I could not find it on the three leading sites (Bankrate, BestCashCow or Nerdwallet). Heck, I couldn't even find it easily on CIBC's own website, but that... More Reviews

  • 5.15% Online Rate
    18 Month CD - $2,000 Min.

    | May 12, 2023 |

    I can’t get a real live person ever! Don’t use them ! More Reviews

  • 5.15% Online Rate
    18 Month CD - $2,500 Min.

    Earty Withdrawal Penalty is 180 days interest.

    | January 7, 2023 |

    Called and asked them to match rates offered through save better for a 15 year client since directly offered rates are no longer competitive. Received nasty response. My only regret now is that I need to c... More Reviews

  • 5.10% Bank with nearby branch - View
    18 Month - CD Special - $5,000 Min.

24-Month Rates

36-Month Rates

48-Month Rates

60-Month Rates

All rates listed above are Annual Percentage Yield (APY).

CERTIFICATE OF DEPOSIT (CD) QUESTIONS AND ANSWERS

What are Certificates of Deposit (CDs)?

CDs, often also called time deposits, are a savings vehicle similar to a savings or money market account, but guaranteeing a fixed rate in return for a consumer’s commitment to keep the money deposited until a specified date (the maturity date). Only in rare circumstances, and with the payment of a penalty, can the money be withdrawn early, and then it is at the bank’s discretion.

What are advantages and disadvantages of certificates of deposit compared to a savings account?

Since the rate is fixed, you avoid the risk of falling savings rates. You take on the risk of rising rates. Rates are above savings rates to compensate you for the risk of rising rates and to provide you with a premium for agreeing to keep your money on deposit until maturity. You should consider the rates above carefully in comparison with the best savings rates that may be available to you. Depending on your view of the direction of rates and the trajectory at which you believe they will rise, you may be more inclined to stick with shorter maturities (1-year) or you may find that that the premium of any CDs over savings rates does not provide adequate compensation.

What are the top current CD rates?

The table above lists best CD rates currently offered for several different maturities (lengths). Rates on longer maturities are ordinarily higher as they provide greater compensation for the risk of rising rates and provide you with a greater premium of depositing your money for a longer time.

Are the funds in certificates of deposit insured?

CDs in FDIC-insured or NCUA-insured institutions are insured so long as you remain within relevant insurance limits, ordinarily to a maximum of $250,000 within an ownership category. If you hold a CD that is accruing interest during the course of CD, you may wish to consider depositing no more than such amount that will, when combined with any other accounts you have at the bank or credit union, exceed $250,000 at maturity.

What is a reasonable Early Withdrawal Fee?

An Early Withdrawal Fee (also called an Early Termination Fee) is the fee charged by a bank for early termination of a CD (termination before maturity). This fee is ordinarily expressed by the bank in terms of months of interest, rather than as a flat fee, and if the CD is cancelled before that period has passed may reduce principal. A reasonable fee for early withdrawal from a CD (early termination of a CD) is said to make the CD more liquid. Rates & Info believes that a reasonable early withdrawal fee for a CD of less than one year is 3 months’ interest and a reasonable early withdrawal fee for a CD of 18 months to 5 years is 6 months’ interest. In a rising interest rate environment or one where you require liquidity, you should avoid CDs with more onerous Early Withdrawal Fees. Under any circumstance, you may wish to also favor No Penalty CDs. You may wish to read this important article in a competing website which indicates that banks may retain the right not to allow early termination even with payment of this fee.

Should I invest in CDs?

Your own risk tolerance level and personal situation determines your allocation to cash versus risk assets. Cash can be apportioned between savings accounts and CDs. However, if you feel interest rates will rise quickly, you should keep all of your cash in high-interest savings accounts.


The graph above shows how the average rates for CD accounts have trended over the last several years.


The graph above shows the difference in rate between average 5-year CD rates and average 1-year CD rates.

Compare Savings and CDs

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