Old Point National Bank Offers 9-Month CD with 6.02% APY
Old Point National Bank, based in Hampton, Virginia, is offering a 6-month CD with an interest rate of 6.02% APY. You only need a minimum balance of $500 to earn this great rate, which is currently the best in the country when it comes to high-yield accounts. You can see the rates offered by Old Point National Bank here.
Until now, NASA Federal Credit Union and Merchants Bank had claimed the title of highest CD rate. NASA FCU offers 5.65% APY for a 9-month share certificate, while Merchants offers the same rate for 12-month, 24-month and 36-month share certificate.
But there’s a catch with this great rate. If you want to open an account at Old Point National Bank, you can’t do so online. You will have to visit a branch and those are only located in Virginia.
If you can’t make your way there, then check out the best current rates that are available to everyone. You can earn up to 5.65% with a CD or 5.30% with a savings account.