Updated May 1, 2025

Why MoneyRates is your trusted source

Best Certificates of Deposit Rates in Louisiana for 2025

Written by Rob Sabo

Financial Expert

Edited by Kristin Marino

Managing Editor

Certificates of deposit (CDs) are a great place to park extra money. They offer much better interest rates than standard savings accounts and pose minimal risk, which is important during bear runs in the major stock indexes.

CDs have terms ranging from three months to seven years and can be used for short- and long-term savings goals. Below are various financial institutions offering some of the best CD rates in Louisiana. Start growing your savings by finding a bank or credit union with a certificate of deposit that meets your savings goals.

Best CD Rates in Louisiana

Numerous Louisiana banks and credit unions are offering competitive rates on a variety of certificates of deposit.

Popular Banks and Credit Unions in Louisiana

Residents of the Bayou state have multiple options when it comes to finding attractive interest rates on CDs and other savings products. You can find exceptional rates on 12-month and 2-year certificates of deposit or opt for longer-term CDs with terms as long as seven years.

Red River Bank. Established in 1999, Red River Bank proudly represents the diverse citizens of Louisiana’s many parishes. It offers a 10-year CD for long-term savings goals.

BOM Bank. Bank of Montgomery opened its doors in 1903 with $15,000 in capital. Today, BOM Bank manages more than $1.5 billion in assets. Its 11-month CD special has a 3.79% APY and only requires $500 to open.

ANECA. ANECA is a non-profit credit union that was founded in 1939 to serve the residents of Shreveport and Bossier City. It offers a 3-month share certificate with a 4.3% APY.

Online banks. Louisianans who don’t prefer driving to a bank or credit union to conduct their banking needs can open a CD at an online financial institution. Digital banks operate much like traditional banks and tend to offer higher interest rates on certificates of deposit to attract new customers.

Online Banks Offering CDs in Louisiana

Online banks have become a popular alternative to traditional ones due to their lower fee structures, higher interest rates on savings products, and interest-bearing checking accounts. These financial institutions don’t have lease payments on physical branch locations, so they typically offer attractive interest rates on CDs.

Here are some compelling reasons to consider an online bank for your savings goals.

Accessible minimum deposits. Some banks and credit unions require minimum deposits of $5,000 to $10,000 to obtain their highest interest rates. Some digital banks allow savers to open CDs with as little as $100.

Federally insured. Like traditional banks, online banks are insured by the Federal Deposit Insurance Corporation, meaning your accounts are 100% backed up to $250,000.

Convenient setup. You can usually open a certificate of deposit at an online bank with just a few clicks of a mouse or taps on your smartphone.

Robust mobile and online banking platforms. Smaller regional banks and credit unions often have bare-bones web and mobile banking platforms. Online banks usually have feature-rich apps and websites since it’s the primary way of interacting with customers.

Here are a few of the multiple online banks that offer some of the best CD rates in Louisiana:

Brilliant Bank. This digital bank is great for short-term savers. Brilliant has 3-, 9-, and 15-month CDs with highly competitive rates.

My eBanc. This online savings institution offers exceptional rates on CDs with terms of six to 36 months—3.70% to 4.35% APY with a $5,000 minimum deposit.

Quontic Bank. Savers can open a CD at Quontic Bank in less than three minutes. Choose from terms of 6 to 60 months with APYs well above the national average.

Newtek Bank. Although Newtek bills itself as a business-first bank, it offers prime APY on CDs with terms from six to 60 months (2.00%–4.40%). 

While rates at online banks are often higher than those at regional financial institutions, savers should understand that deposits made at local banks and credit unions directly benefit their communities and residents.

Factors to Consider When Choosing a CD in Louisiana

Overall yield on CDs purchased in Louisiana can be affected by various factors that are outside your control. 

Taxes

Louisiana’s graduated state individual income tax will take a bite out of interest earned on your CDs. You’ll also have to report CD interest on your federal income tax return for a double-whammy.

Environmental and regulatory issues

Louisiana’s economy is heavily reliant on the oil and gas industries, and pressure on commodities prices could affect interest rates offered by banks and credit unions. The state is also vulnerable to natural disasters that have catastrophic effects on the state’s economy.

Limited-time promotional rates

Banks and credit unions may offer higher, limited-time CD rates to attract new customers.

Pros and Cons of CDs in Louisiana

CDs are an attractive savings option in both bull and bear markets due to the current high interest rates and minimal risk. However, there are other benefits and some potential drawbacks.

Open a CD Today and Start Your Journey to Increased Savings

Interest rates have remained strong throughout 2025, and even with predicted rate cuts, CDs are still an excellent savings option for Louisiana residents. Now is the time to compare CD interest rates in Louisiana and start your journey to higher personal savings by opening a certificate of deposit with your preferred financial institution.

Frequently Asked Questions