Cromwell, Alabama CD Rates Today - Compare Best APYs for July 2026
Brian McKay
Brian McKay
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Current Cromwell, Alabama CD rates include Bank47Bank47A+5.0 ★Real return: +2.20%APY minus CPI (February 2026) offering 6-Month Certificate of Deposit at 5.00% APY, UNIFY Financial Federal Credit UnionUNIFY Financial Federal Credit UnionB4.4 ★Texas Ratio: 17.71%Real return: +1.32%APY minus CPI (February 2026) offering 36-Month Variable IRA Certificate at 4.12% APY, Family Savings Credit UnionFamily Savings Credit UnionA5.0 ★Texas Ratio: 8.66%Real return: +1.30%APY minus CPI (February 2026) offering Share Certificate / IRA Certificate 36 Months at 4.10% APY, New Horizons Credit UnionNew Horizons Credit UnionA+5.0 ★Texas Ratio: 1.07%Real return: +1.20%APY minus CPI (February 2026) offering 6-Month Certificate at 4.00% APY, and Winsouth Credit UnionWinsouth Credit UnionA+5.0 ★Texas Ratio: 2.45%Real return: +1.10%APY minus CPI (February 2026) offering 6 month special at 3.90% APY. CD rates as of July 11, 2026 according to verified data from MonitorBankRates.
Cromwell is a smaller community with no bank or credit union branches currently in our database. 348 institutions serving the Alabama area are available to Cromwell residents, with CD rates as high as 5.00% APY from Bank47. Rates are continually updated — we recommend checking back frequently.
The Annual Percentage Yields (APYs) displayed reflect actual verified offers from top-rated institutions. Rates are subject to change at the institution's discretion without notice and may depend on your initial funding amount. A substantial penalty may be imposed for early withdrawal, which could reduce earnings on the account. CD Rates Last Updated and Verified: July 11, 2026
Compare Best CD Rates in Cromwell, Alabama & the Surrounding Area
Cromwell 3 Month CD Rates
Earn 3.55% APY on balances of $500 or more.
Paid At Maturity
Effective February 28,2024
Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Cromwell 6 Month CD Rates
New money to Bank47 required. Interest compounding daily, credited monthly. Auto renews at 6-month term. A penalty may be imposed for early withdrawal.
Monthly
Effective February 28,2024
Paid Quarterly
APY = Annual Percentage Yield. Early withdrawal penalties may apply on share and IRA certificates. Fees or penalties assessed to the accounts may reduce earnings.
The Annual Percentage Yield (APY) of 3.50% is effective and accurate as of December 22, 2025. Early withdrawal penalties may be imposed, and the fee could reduce principal. If the CD is fully or partially redeemed prior to original maturity date, a penalty equivalent to 1 month interest may be applied. Offer may be withdrawn or modified without prior notice. Fees could reduce earnings. See a Customer Service Representative for complete terms and conditions.
Earn 3.50% APY on balances of $500 or more. Account matures in 6 months.
NON-COMPOUNDING: 3.40%*, APY: 3.40%*
Special Offers
Compounding
early withdrawal penalty rate is 30 days interest at prevailing rate
Compound Frequency: Monthly
Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Cromwell 12 Month CD Rates
Up to
Early Withdrawal Penalty: 3 Months Dividend
Effective February 28,2024
Paid Quarterly
APY = Annual Percentage Yield. Early withdrawal penalties may apply on share and IRA certificates. Fees or penalties assessed to the accounts may reduce earnings.
Monthly
$10k minimum deposit
Minimum balance to earn APY: $100,000, $40,000, $100
The Annual Percentage Yield (APY) of 3.35% is effective and accurate as of December 22, 2025. Early withdrawal penalties may be imposed, and the fee could reduce principal. If the CD is fully or partially redeemed prior to original maturity date, a penalty equivalent to 1 month interest may be applied. Offer may be withdrawn or modified without prior notice. Fees could reduce earnings. See a Customer Service Representative for complete terms and conditions.
Interest Paid: Monthly
Quarterly
Dividends Compounded/Credited: Quarterly
NON-COMPOUNDING: 2.75%**, APY: 2.75%**
early withdrawal penalty rate is 30 days interest at prevailing rate
Special Offers
Compounding
Cromwell 18 Month CD Rates
Minimum balance to earn APY: $100,000, $40,000, $100
Monthly
Compound Frequency: Monthly
Paid Quarterly
Effective February 28,2024
NON-COMPOUNDING: 2.65%*, APY: 2.65%*
Cromwell 24 Month CD Rates
Monthly
Compound Frequency: Monthly
Minimum balance to earn APY: $100,000, $40,000, $100
Effective February 28,2024
Interest Paid: Monthly
The Bump-Up option is available on new certificates with 24 months or greater terms. Contact a Member Service Representative for details and restrictions. APY = Annual Percentage Yield. Early withdrawal penalties may apply on share and IRA certificates. Fees or penalties assessed to the accounts may reduce earnings.
Paid Quarterly
Early Withdrawal Penalty: 3 Months Dividend
NON-COMPOUNDING: 2.70%*, APY: 2.70%*
early withdrawal penalty rate is 60 days interest at prevailing rate
Quarterly
Dividends Compounded/Credited: Quarterly
Annual percentage yield (APY) effective March 1, 2026 and is subject to change. At time of maturity, the CD will auto renew to the corresponding rate at the time of renewal. Penalty for early withdrawal. Fees may reduce earnings. Contact an employee for fees and terms of the account.
Cromwell 36 Month CD Rates
Minimum balance to earn APY: $100,000, $40,000, $100
Compound Frequency: Monthly
$10k minimum deposit
Monthly
Minimum balance to earn APY: $100,000, $40,000, $100
Interest Paid: Monthly
APY is fixed for a 36-month term. Early withdrawal penalties may be imposed.
Effective February 28,2024
Paid Quarterly
NON-COMPOUNDING: 2.80%*, APY: 2.80%*
The Bump-Up option is available on new certificates with 24 months or greater terms. Contact a Member Service Representative for details and restrictions. APY = Annual Percentage Yield. Early withdrawal penalties may apply on share and IRA certificates. Fees or penalties assessed to the accounts may reduce earnings.
Early Withdrawal Penalty: 3 Months Dividend
Quarterly
Dividends Compounded/Credited: Quarterly
Annual percentage yield (APY) effective March 1, 2026 and is subject to change. At time of maturity, the CD will auto renew to the corresponding rate at the time of renewal. Penalty for early withdrawal. Fees may reduce earnings. Contact an employee for fees and terms of the account.
Cromwell 48 Month CD Rates
Compound Frequency: Monthly
Minimum balance to earn APY: $100,000, $40,000, $100
Monthly
Interest Paid: Monthly
Effective February 28,2024
APY is fixed for a 48-month term.
Paid Quarterly
The Bump-Up option is available on new certificates with 24 months or greater terms. Contact a Member Service Representative for details and restrictions. APY = Annual Percentage Yield. Early withdrawal penalties may apply on share and IRA certificates. Fees or penalties assessed to the accounts may reduce earnings.
Annual percentage yield (APY) effective March 1, 2026 and is subject to change. At time of maturity, the CD will auto renew to the corresponding rate at the time of renewal. Penalty for early withdrawal. Fees may reduce earnings. Contact an employee for fees and terms of the account.
Quarterly
Dividends Compounded/Credited: Quarterly
Cromwell 60 Month CD Rates
Compound Frequency: Monthly
Minimum balance to earn APY: $100,000, $40,000, $100
$10k minimum deposit
Effective February 28,2024
Monthly
Paid Quarterly
Interest Paid: Monthly
The Bump-Up option is available on new certificates with 24 months or greater terms. Contact a Member Service Representative for details and restrictions. APY = Annual Percentage Yield. Early withdrawal penalties may apply on share and IRA certificates. Fees or penalties assessed to the accounts may reduce earnings.
Annual percentage yield (APY) effective March 1, 2026 and is subject to change. At time of maturity, the CD will auto renew to the corresponding rate at the time of renewal. Penalty for early withdrawal. Fees may reduce earnings. Contact an employee for fees and terms of the account.
Quarterly
Dividends Compounded/Credited: Quarterly
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Cromwell, AL CD Rate Trends
Compare local Cromwell, AL CD rate quotes against the statewide average
Daily CD rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Alabama 12-month CD rates fell 0.276 points over the past 7 days to 2.589% APY.
Alabama 6-month CD rates fell 0.577 points over the past 7 days to 2.147% APY.
AL CD Rate Forecast — Next 12 Months
Where are Alabama CD rates headed through July 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
What Your Savings Earn at AL CD Rates Today
Annual interest earnings at today’s Alabama average APYs. State average used where available; national average as fallback.
| CD Term | AL Avg APY | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|---|
| 3-Month CD | 1.207% | $60.34 | $120.68 | $301.70 | $603.40 |
| 6-Month CD | 2.147% | $107.36 | $214.72 | $536.80 | $1,073.60 |
| 12-Month CD | 2.589% | $129.46 | $258.92 | $647.30 | $1,294.60 |
| 18-Month CD | 3.021% | $151.03 | $302.05 | $755.13 | $1,510.25 |
| 24-Month CD | 3.099% | $154.95 | $309.89 | $774.73 | $1,549.45 |
| 36-Month CD | 3.023% | $151.15 | $302.30 | $755.75 | $1,511.50 |
| 48-Month CD | 2.973% | $148.64 | $297.27 | $743.18 | $1,486.35 |
| 60-Month CD | 3.133% | $156.64 | $313.28 | $783.20 | $1,566.40 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of July 11, 2026. | |||||
Sample CD Ladder for Cromwell, Alabama Savers
$25,000 split equally across 5 terms using today’s Alabama average rates. As each CD matures, reinvest at the 36-month rung.
| Rung | Term | Deposit | AL Avg APY | Annual Earnings |
|---|---|---|---|---|
| 1 | 3-Month CD | $5,000 | 1.207% | $60.34 |
| 2 | 6-Month CD | $5,000 | 2.147% | $107.36 |
| 3 | 12-Month CD | $5,000 | 2.589% | $129.46 |
| 4 | 24-Month CD | $5,000 | 3.099% | $154.95 |
| 5 | 36-Month CD | $5,000 | 3.023% | $151.15 |
| Total ($25,000 invested) | $25,000 | 2.413% blended | $603.26/yr | |
Ladder example uses equal $5,000 rungs and Alabama average APYs. Actual earnings depend on the specific institution and product chosen. Use the calculator above to model your exact deposit amounts.
Tracked in Cromwell, Alabama
About Our Cromwell, Alabama CD Rate Database
MonitorBankRates tracks 302 CD rates from 11 banks and 33 credit unions with locations in Cromwell, Alabama, plus national online institutions available to Alabama residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: Bank47 offers a CD at 5.00% APY with a minimum deposit of $500. Use the rate table above to compare all current offers in Cromwell, Alabama.
How to Find the Best CD Rates in Cromwell, Alabama
What to compare when shopping for a CD in Cromwell, Alabama
To find the best APYs in Cromwell, Alabama, start with credit unions and online-only banks — Cromwell, Alabama has 33 credit unions in our database, and they consistently offer some of the highest yields because they have lower overhead than traditional banks and compete aggressively for deposits.
Always compare the APY (Annual Percentage Yield), not just the interest rate. The APY reflects compounding and is the true measure of what you’ll earn.
Also compare the early withdrawal penalty. Common penalties range from 30 to 180 days of interest depending on the term. If you’re unsure whether you’ll need the funds early, a no-penalty CD or a high-yield savings account may be a better fit.
When a CD Makes Sense in Cromwell, Alabama
- You have a planned expense coming up and want your savings to earn while you wait
- You expect rates to fall and want to lock in today’s rate
- You want FDIC or NCUA protection with a guaranteed fixed return
- You prefer banking with an institution that has a local branch in Cromwell, Alabama — 44 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Cromwell, Alabama savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Cromwell, Alabama money market rates
Alabama Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024 (state-level data shown — city data not available)
17.8% of residents are 65 or older, in line with the national average of 17.3%. At today’s AL 12-month CD average of 2.589%, saving 10% of the local median salary ($4,060/year) and putting it in a CD would earn an additional $105 annually in interest.
Data: U.S. Census Bureau, American Community Survey 5-Year Estimates 2024. Median earnings from ACS 2023 place-level estimates.
CD Rates vs. Other Savings Options in Cromwell, Alabama
What to compare when choosing between a CD and other deposit accounts
| Feature | CD | High-Yield Savings | Money Market | 6-Month CD |
|---|---|---|---|---|
| Rate Type | Fixed APY | Variable APY | Variable APY | Fixed APY |
| Liquidity | Locked for term | Anytime | Anytime | Locked 6 months |
| Early Withdrawal | Penalty (months of interest) | None | None | Penalty (90–180 days interest) |
| FDIC / NCUA Insured | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) |
| Check / Debit Access | No | Usually no | Often yes | No |
| Best For | Known savings goal, CD ladder | Emergency fund, flexible savings | Liquid savings with check-writing | Slightly higher yield, less urgency |
How Certificates of Deposit Work in Cromwell, Alabama
A certificate of deposit (CD) is a deposit account that holds a fixed sum of money for a fixed term, commonly three months to five years, in exchange for a guaranteed interest rate. In return for leaving the money untouched until the term ends, a saver in Cromwell, Alabama typically earns a higher rate than a standard savings account pays. CDs from banks are insured by the FDIC and those from credit unions by the NCUA, in Cromwell, Alabama as everywhere in the U.S.
Choosing a CD Term in Cromwell, Alabama
The term is the length of time the money is committed before the CD matures. Shorter terms such as three or six months give Cromwell, Alabama savers easier access to their funds. For example, Bank47 is offering its 6-Month Certificate of Deposit at 5.00% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, MTC Federal Credit Union is offering its IRA Certificate 60 Months at 3.80% APY. When a CD matures, the depositor can withdraw the principal and interest or roll the balance into a new term, so it helps to match the term to when the money will actually be needed.
CD Risk and Safety for Cromwell, Alabama Savers
CDs are among the lowest-risk savings products available because the rate is fixed for the full term and the balance is federally insured up to $250,000 per depositor, per institution, per ownership category. For a Cromwell, Alabama saver, the main trade-off is liquidity: withdrawing funds before maturity usually triggers an early-withdrawal penalty, often 30 to 180 days of interest depending on the term.
How CD Interest Is Paid in Cromwell, Alabama
Interest on a CD is calculated using the annual percentage yield (APY), which reflects the effect of compounding over a year. Depending on the institution, interest may be credited monthly, quarterly, or at maturity, and can be paid out to a linked account or added back to the CD to compound. When comparing the Cromwell, Alabama CDs listed above, a saver gets the truest picture of total earnings by looking at APY rather than the nominal rate.
Fixed vs. Variable CD Rates in Cromwell, Alabama
Most CDs carry a fixed rate that is locked for the entire term, protecting a Cromwell, Alabama depositor if market rates fall after the account is opened. Some institutions offer variable-rate or bump-up CDs whose rate can change during the term; these may start lower but allow the rate to rise if conditions improve. Which is better depends on the direction a saver expects rates to move.
Frequently Asked Questions about CD Rates in Cromwell, Alabama
Are CD rates in Cromwell, Alabama FDIC insured?
Do I have to pay state taxes on CD interest in Cromwell, Alabama?
Can I withdraw my money early from a CD?
What is the difference between a Jumbo CD and a regular CD?
Are fixed-rate CDs better than variable-rate CDs?
What is a CD ladder?
Best CD rates in Cromwell, Alabama?
- Bank47: 5.00% APY (6-Month Certificate of Deposit)
- UNIFY Financial Federal Credit Union: 4.12% APY (36-Month Variable IRA Certificate)
- Family Savings Credit Union: 4.10% APY (Share Certificate / IRA Certificate 36 Months)
- New Horizons Credit Union: 4.00% APY (6-Month Certificate)
- Winsouth Credit Union: 3.90% APY (6 month special)
- Red Oak Credit Union: 3.85% APY (6 Months Certificate)
- Northrop Grumman Federal Credit Union: 3.84% APY (Bonus Certificates 12 Month)
- Gulf Coast Federal Credit Union: 3.82% APY (12-month Certificate of Deposit)
- Heritage South Credit Union: 3.81% APY (6 Month CD)
- Honda Federal Credit Union: 3.80% APY (2 Year Executive)
CD Calculators for Cromwell, Alabama
At today’s AL top rate of 5.00% APY, a $10,000 deposit earns $500 in the first year. Enter your amount to see your exact return.
Cromwell, Alabama CD LadderAL CD rates currently range from 1.207% (3-month) to 3.023% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Cromwell, Alabama CD at 5.00% APY, know your exit cost. Most institutions charge 90–180 days of interest — calculate your real net return if you need early access.
CD vs. High-Yield SavingsAlabama’s average 12-month CD is 2.589% APY. Compare locking in that rate against a flexible high-yield savings account to see which earns more for your deposit and timeline.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Cromwell, Alabama CD rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified CD Rate Data: We aggregate certificate of deposit (CD) rates for Cromwell, Alabama directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions' own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Cromwell, Alabama. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to high-yield CDs from large national institutions available to savers in AL.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update CD rates daily. Because yields can fluctuate rapidly, every CD product listed features its own specific “last updated” date for full transparency.
