Parma, Ohio Best CD Rates November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Parma, Ohio CD rates range from 0.01% to 6.03% APY, verified by MonitorBankRates as of November 12, 2026. Current Parma, Ohio CD rates include Third Federal Savings and LoanThird Federal Savings and Loan1616 Snow Rd, Parma, OH 44134A+5.0 ★Texas Ratio: 2.32%Real return: +1.30%APY minus CPIRate verified Nov 11, 2026 offering 36 Month Bonus CD at 5.00% APY, First Federal S&L of LakewoodFirst Federal S&L of Lakewood5659 Broadview Rd, Parma, OH 44134A+5.0 ★Texas Ratio: 4.66%Real return: +0.70%APY minus CPIRate verified Nov 11, 2026 offering 36-Month CD Special at 4.40% APY, PSE Credit Union IncPSE Credit Union Inc5255 Regency Dr, Parma, OH 44129 5453A+5.0 ★Texas Ratio: 3.41%Real return: +0.62%APY minus CPIRate verified Nov 9, 2026 offering Certificate 1 Year at 4.32% APY, Cleveland Selfreliance Credit UnionCleveland Selfreliance Credit Union6108 State Rd, Parma, OH 44134 3702A+5.0 ★Texas Ratio: 0.01%Real return: +0.61%APY minus CPIRate verified Nov 9, 2026 offering Certificates of Deposit (CD) - 24 months at 4.31% APY, and Flagstar Bank, National AssociationFlagstar Bank, National Association5767 Broadview Rd, Parma, OH 44134D3.3 ★Texas Ratio: 35.11%Real return: +0.60%APY minus CPIRate verified Nov 9, 2026 offering 12-Month Business CD at 4.30% APY. CD rates as of November 12, 2026 according to verified data from MonitorBankRates.
Parma has 150 local institutions in our database, with CD rates as high as 5.00% APY from Third Federal Savings and Loan at 1616 Snow Rd, Parma, OH 44134. Use the tables below to compare all available CD terms and offers, including options from institutions serving the broader Ohio area. Rates are continually updated, so 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: November 12, 2026
Compare Best CD Rates in Parma, Ohio & the Surrounding Area
Parma 3 Month CD Rates
Visit Us
$500 min. to open regular certificates; Dividends compound quarterly; Penalty for early withdrawal
As of 10/28/2026; Dividends compounded quarterly
As of 10/28/2026; Dividends compounded quarterly
Balance: $500 minimum; penalty for withdrawals before maturity
Interest accumulates or paid by check; Pennsylvania market residents only
Open Online
Balance: $1,000.00 and above
Balance: $1.00 - $999.99
Balance: Up to $99,999.99; Minimum $1,000 required for all CDs; early withdrawal penalty applies if not held to maturity; Assumes no compounding, interest paid annually or at maturity
Estimated earnings: $252; Minimum deposit $25,000 to open online; Not available to residents of Texas or Ohio
Minimum deposit $500. Non-Compounding Certificates available. Early withdrawal penalties may apply. Dividends are compounded daily and paid quarterly.
Early withdrawals subject to penalty
Parma 6 Month CD Rates
Month 1 APY
As of 10/28/2026; Dividends compounded quarterly
- Oct 30, 20264.17%▲ from 3.91%
- Oct 14, 20263.91%first recorded
As of 10/28/2026; Dividends compounded quarterly
APY accurate as of 11/8/2026; Maximum deposit is $10 million; Not available for public units; Limited-time offer; Must present offer at account opening
Maximum deposit is $10 million; not available for public units or Business CDs
- Oct 10, 20264.10%▲ from 3.70%
- Sep 14, 20263.70%first recorded
- Oct 4, 20263.80%▲ from 3.55%
- Sep 25, 20263.55%first recorded
Balance: $500 minimum; penalty for withdrawals before maturity
Visit Us
- Oct 23, 20263.60%▲ from 3.44%
- Oct 12, 20263.44%first recorded
$500 min. to open regular certificates; Dividends compound quarterly; Penalty for early withdrawal
Months 2-6 APY
Pair with a qualifying account; Pennsylvania market residents only
Balance: $250+; Business Investment Yields
Pennsylvania market residents only
Parma 12 Month CD Rates
- Nov 5, 20264.60%▲ from 4.50%
- Oct 20, 20264.50%▲ from 4.35%
- Sep 18, 20264.35%first recorded
APY = Annual Percentage Yield. Certificate rates remain fixed for the term. Dividends compounded quarterly. Rate as of 10/28/2026
As of 10/28/2026; Dividends compounded quarterly
- Oct 30, 20264.32%▲ from 4.11%
- Oct 14, 20264.11%first recorded
APY = Annual Percentage Yield. Certificate rates remain fixed for the term. Dividends compounded quarterly. Rate as of 10/28/2026
As of 10/28/2026; Dividends compounded quarterly
APY accurate as of 11/8/2026; Maximum deposit is $10 million; Not available for public units; Limited-time offer; Must present offer at account opening
Maximum deposit is $10 million; not available for public units or Business CDs
- Oct 10, 20264.30%▲ from 3.80%
- Sep 14, 20263.80%first recorded
Months 10-12 APY; Minimum to Obtain: $500
- Oct 4, 20264.06%▲ from 3.80%
- Sep 25, 20263.80%first recorded
Months 7-9 APY; Minimum to Obtain: $500
- Oct 23, 20263.85%▲ from 3.70%
- Sep 14, 20263.70%first recorded
- Oct 23, 20263.80%▲ from 3.65%
- Oct 12, 20263.65%first recorded
Months 4-6 APY; Minimum to Obtain: $500
- Oct 23, 20263.65%▲ from 3.00%
- Sep 17, 20263.00%first recorded
Parma 18 Month CD Rates
Maximum deposit is $10 million; not available for public units or Business CDs
Balance: $500 minimum; penalty for withdrawals before maturity
$500 min. to open regular certificates; Dividends compound quarterly; Penalty for early withdrawal
Pair with a qualifying account; Pennsylvania market residents only
Balance: $250+; Business Investment Yields
Pennsylvania market residents only
Pair with a qualifying account; Balance: $250,000.01 and over; Pennsylvania market residents only
Interest accumulates or paid by check; Pennsylvania market residents only
Renewal Term is 18 months; Open Online
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Balance: $1.00 - $999.99
Balance: $1.00 - $999.99; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Jumbo certificate bonus: balance of $250,000 or more; additional 0.25% APY tier
Parma 24 Month CD Rates
APY = Annual Percentage Yield. Certificate rates remain fixed for the term. Dividends compounded quarterly. Rate as of 10/28/2026
As of 10/28/2026; Dividends compounded quarterly
APY = Annual Percentage Yield. Certificate rates remain fixed for the term. Dividends compounded quarterly. Rate as of 10/28/2026
As of 10/28/2026; Dividends compounded quarterly
Maximum deposit is $10 million; not available for public units or Business CDs
- Oct 10, 20264.25%▲ from 3.70%
- Sep 14, 20263.70%first recorded
- Oct 4, 20264.06%▲ from 3.80%
- Sep 25, 20263.80%first recorded
Promotional rate for new money only; Funds must remain on deposit for the term; Visit Us
- Oct 23, 20263.75%▲ from 3.60%
- Sep 14, 20263.60%first recorded
- Oct 23, 20263.70%▲ from 3.55%
- Oct 12, 20263.55%first recorded
$500 min. to open regular certificates; Dividends compound quarterly; Penalty for early withdrawal
Interest rate 2.96%; interest compounded daily and paid monthly
Balance: $500 minimum; penalty for withdrawals before maturity
Balance: $250+; Business Investment Yields
Pennsylvania market residents only
Parma 36 Month CD Rates
Year 1 APY; Minimum to Obtain: $500
- Nov 5, 20265.00%▲ from 4.50%
- Sep 18, 20264.50%first recorded
Promotional rate for new money only; Funds must remain on deposit for the term; Visit Us
- Oct 27, 20264.40%▲ from 4.15%
- Oct 22, 20264.15%first recorded
Year 3 APY; Minimum to Obtain: $500
As of 10/28/2026; Dividends compounded quarterly
As of 10/28/2026; Dividends compounded quarterly
- Oct 23, 20263.70%▲ from 3.55%
- Oct 12, 20263.55%first recorded
$500 min. to open regular certificates; Dividends compound quarterly; Penalty for early withdrawal
Year 2 APY; Minimum to Obtain: $500
Year 2 APY; Minimum to Obtain: $500
- Nov 5, 20263.50%▼ from 4.50%
- Sep 18, 20264.50%first recorded
Year 1 APY; Minimum to Obtain: $500
Balance: $500 minimum; penalty for withdrawals before maturity
Interest rate 2.71%; interest compounded daily and paid monthly
Pennsylvania market residents only
- Oct 14, 20262.75%▲ from 2.50%
- Sep 24, 20262.50%first recorded
Interest accumulates or paid by check; Pennsylvania market residents only
- Oct 14, 20262.75%▲ from 2.50%
- Sep 24, 20262.50%first recorded
Balance: $250+; Business Investment Yields
Parma 48 Month CD Rates
As of 10/28/2026; Dividends compounded quarterly
As of 10/28/2026; Dividends compounded quarterly
Open Online
- Oct 23, 20263.75%▲ from 3.60%
- Oct 12, 20263.60%first recorded
$500 min. to open regular certificates; Dividends compound quarterly; Penalty for early withdrawal
Balance: $500 minimum; penalty for withdrawals before maturity
Interest rate 2.71%; interest compounded daily and paid monthly
Pennsylvania market residents only
- Oct 14, 20262.75%▲ from 2.50%
- Sep 24, 20262.50%first recorded
Interest accumulates or paid by check; Pennsylvania market residents only
- Oct 14, 20262.75%▲ from 2.50%
- Sep 24, 20262.50%first recorded
Balance: $250+; Business Investment Yields
Balance: $1,000.00 and above
Balance: $1,000.00 and above; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Balance: $1.00 - $999.99
Balance: $1.00 - $999.99; Standard Rates; Annual custodian fee of $25 may apply if balance is less than $2,000
Minimum deposit of $500 required.
- Nov 8, 20264.97%▲ from 3.97%
- Sep 14, 20263.97%first recorded
Parma 60 Month CD Rates
Year 1 APY
Year 2 APY; Minimum to Obtain: $500
- Nov 5, 20264.00%▼ from 4.50%
- Sep 18, 20264.50%first recorded
- Oct 23, 20263.80%▼ from 4.11%
- Sep 14, 20264.11%first recorded
As of 10/28/2026; Dividends compounded quarterly
As of 10/28/2026; Dividends compounded quarterly
- Oct 23, 20263.75%▲ from 3.60%
- Oct 12, 20263.60%first recorded
$500 min. to open regular certificates; Dividends compound quarterly; Penalty for early withdrawal
Pair with a qualifying account; Pennsylvania market residents only
- Oct 14, 20263.35%▲ from 3.10%
- Sep 24, 20263.10%first recorded
Pennsylvania market residents only
- Oct 14, 20263.25%▲ from 3.00%
- Sep 24, 20263.00%first recorded
Pair with a qualifying account; Balance: $250,000.01 and over; Pennsylvania market residents only
- Oct 14, 20263.25%▲ from 3.00%
- Sep 24, 20263.00%first recorded
Interest accumulates or paid by check; Pennsylvania market residents only
- Oct 14, 20263.25%▲ from 3.00%
- Sep 24, 20263.00%first recorded
Balance: $250+; Business Investment Yields
Balance: $500 minimum; penalty for withdrawals before maturity
Interest rate 2.71%; interest compounded daily and paid monthly
Online CD; Open online; APY accurate as of 07/28/2026
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Parma, OH CD Rate Trends
Compare local Parma, OH 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.
Ohio 12-month CD rates fell 0.002 points over the past 7 days to 3.189% APY.
Ohio 6-month CD rates rose 0.013 points over the past 7 days to 2.844% APY.
OH CD Rate Forecast, Next 12 Months
Where are Ohio CD rates headed through November 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
What Your Savings Earn at OH CD Rates Today
Annual interest earnings at today’s Ohio average APYs. State average used where available; national average as fallback.
| CD Term | OH Avg APY | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|---|
| 3-Month CD | 1.699% | $84.95 | $169.89 | $424.73 | $849.45 |
| 6-Month CD | 2.844% | $142.18 | $284.36 | $710.90 | $1,421.80 |
| 12-Month CD | 3.189% | $159.44 | $318.88 | $797.20 | $1,594.40 |
| 18-Month CD | 2.972% | $148.60 | $297.19 | $742.98 | $1,485.95 |
| 24-Month CD | 3.005% | $150.24 | $300.48 | $751.20 | $1,502.40 |
| 36-Month CD | 2.765% | $138.23 | $276.45 | $691.13 | $1,382.25 |
| 48-Month CD | 2.734% | $136.71 | $273.42 | $683.55 | $1,367.10 |
| 60-Month CD | 2.870% | $143.50 | $287.00 | $717.50 | $1,435.00 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of November 12, 2026. | |||||
Sample CD Ladder for Parma, Ohio Savers
$25,000 split equally across 5 terms using today’s Ohio average rates. As each CD matures, reinvest at the 36-month rung.
| Rung | Term | Deposit | OH Avg APY | Annual Earnings |
|---|---|---|---|---|
| 1 | 3-Month CD | $5,000 | 1.699% | $84.95 |
| 2 | 6-Month CD | $5,000 | 2.844% | $142.18 |
| 3 | 12-Month CD | $5,000 | 3.189% | $159.44 |
| 4 | 24-Month CD | $5,000 | 3.005% | $150.24 |
| 5 | 36-Month CD | $5,000 | 2.765% | $138.23 |
| Total ($25,000 invested) | $25,000 | 2.700% blended | $675.04/yr | |
Ladder example uses equal $5,000 rungs and Ohio average APYs. Actual earnings depend on the specific institution and product chosen. Use the calculator above to model your exact deposit amounts.
Tracked in Parma, Ohio
About Our Parma, Ohio CD Rate Database
MonitorBankRates tracks 2,178 CD rates from 46 banks and 81 credit unions with locations in Parma, Ohio, plus national online institutions available to Ohio 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 to 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: Third Federal Savings and Loan offers a CD at 5.00% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in Parma, Ohio.
How to Find the Best CD Rates in Parma, Ohio
What to compare when shopping for a CD in Parma, Ohio
To find the best APYs in Parma, Ohio, start with credit unions and online-only banks: Parma, Ohio has 81 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 Parma, Ohio
- 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 Parma, Ohio: 127 institutions here report CD rates
Consider an Alternative If…
- You may need the funds within 30 days. Compare Parma, Ohio savings rates instead
- Rates are rising and you want to benefit: a variable-rate savings or money market account keeps pace
- You want check-writing access. Compare Parma, Ohio money market rates
Parma, Ohio Financial Snapshot
Local demographics and economic context for CD savers. Source: U.S. Census Bureau ACS 2024
19.8% of residents are 65 or older, in line with the national average of 17.3%; an unemployment rate of 6.4% (vs. 4.8% nationally) underscores the value of a guaranteed fixed return. At today’s OH 12-month CD average of 3.189%, saving 10% of the local median salary ($4,132/year) and putting it in a CD would earn an additional $132 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 Parma, Ohio
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 to 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 |
CD Product Information
How CDs Work
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 Parma, Ohio 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 Parma, Ohio as everywhere in the U.S.
CD Terms
The term is the length of time the money is committed before the CD matures. Shorter terms such as three or six months give Parma, Ohio savers easier access to their funds. For example, Third Federal Savings and Loan is offering its 6 Month Bonus CD at 4.75% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, Third Federal Savings and Loan is offering its 60 Month Bonus CD at 4.50% 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
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 Parma, Ohio 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
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 Parma, Ohio 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
Most CDs carry a fixed rate that is locked for the entire term, protecting a Parma, Ohio 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 Parma, Ohio
What are CD rates in Parma, Ohio today?
Are CD rates in Parma, Ohio FDIC insured?
Do I have to pay state taxes on CD interest in Parma, Ohio?
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 Parma, Ohio?
- Third Federal Savings and Loan: 5.00% APY (36 Month Bonus CD)
- First Federal S&L of Lakewood: 4.40% APY (36-Month CD Special)
- PSE Credit Union Inc: 4.32% APY (Certificate 1 Year)
- Cleveland Selfreliance Credit Union: 4.31% APY (Certificates of Deposit (CD) - 24 months)
- Flagstar Bank, National Association: 4.30% APY (12-Month Business CD)
- All Saints Federal Credit Union: 4.06% APY (12 Month Share Certificates)
- Unity Catholic Federal Credit Union: 3.85% APY (IRA Share Certificate (1 Year))
- Credit Union of Ohio: 3.75% APY (Regular Certificate - 60 months)
- Firefighters Community Credit Union: 3.75% APY (Certificate 18 Month)
- Holy Family Parma Federal Credit Union: 3.65% APY (12 Month Certificate of Deposit)
Parma, Ohio CD Calculator
See exactly what a CD will earn by maturity. Enter your deposit, pick a term, and set the APY, or click any current Parma, Ohio rate on the right to apply that term and rate instantly. CD rates are fixed for the full term.
Assumes the APY is held to maturity with interest compounding and remaining in the CD. Early withdrawals typically forfeit 30 to 180 days of interest. Estimates are for informational purposes only.
CD Calculators for Parma, Ohio
At today’s OH top rate of 5.00% APY, a $10,000 deposit earns $500 in the first year. Enter your amount to see your exact return.
Parma, Ohio CD LadderOH CD rates currently range from 1.699% (3-month) to 2.765% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Parma, Ohio CD at 5.00% APY, know your exit cost. Most institutions charge 90 to 180 days of interest. Calculate your real net return if you need early access.
CD vs. High-Yield SavingsOhio’s average 12-month CD is 3.189% 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 Parma, Ohio 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 Parma, Ohio 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 Parma, Ohio. 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 OH.
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.
Parma, Ohio Rates & Resources
