Bank of NH CD Rates and Savings

Bank of NH CD rates offer a range of terms from 3 months to 5 years, allowing you to choose a length that suits your financial goals.

The minimum deposit required for a Bank of NH CD is $1,000, which is a relatively low barrier to entry.

Bank of NH CDs are FDIC-insured, providing an added layer of security for your deposits.

With interest compounded daily, you can earn more interest on your money over time.

If you're looking to earn higher interest rates on your savings, a Certificate of Deposit (CD) is definitely worth considering. You'll need to make a minimum deposit of $500.00 to get started.

The terms of a CD range from six months to sixty months, giving you some flexibility to choose the length of time that works best for you. Higher interest rates are available compared to transaction deposit accounts.

Interest is accrued daily and compounded monthly, which means you'll earn more interest over time. Automatic renewals are also available at maturity, with a 10-day grace period in case you need a little extra time.

One thing to keep in mind is that automatic electronic deductions aren't available with a CD, so you'll need to make arrangements for withdrawals if you need access to your funds. On the other hand, you can withdraw your interest at any time without penalty.

To open a CD, you'll need to be at least 18 years old. And while it's great to earn interest, keep in mind that penalties are imposed for early withdrawal of principal funds, so be sure to ask about the details if you're considering an early withdrawal.

Ocean Bank offers a competitive 5.10% APY on their 3-month CD, making it a great option for short-term savings.

If you're looking for a longer-term CD, State Bank of Newburg's 18-month CD has a respectable 5.04% APY.

Merchants Bank of Indiana's 1-year CD and 3-year CD both offer the same 4.86% APY, making it a solid choice for those with a 1-3 year time horizon.

For those with a longer-term perspective, Sullivan Bank's 5-year CD has a slightly lower 4.25% APY.

Here's a quick comparison of some of the top CD rates in New Hampshire:

For those looking for a credit union option, California Coast Credit Union offers a notably high 9.50% APY on their CD.