Best Certificates of Deposit (CDs) in New Hampshire for 2025
- Service Credit Union is geared towards active and former military members and their families and is known for its high APYs on CDs and savings accounts.
- Quontic Bank offers high-yield CDs with competitive rates, a low minimum deposit requirement, and digital account access.
- Mascoma Bank is among the largest banks in New Hampshire based on assets. It's also a Certified B Corporation® and offers several CD specials that offer competitive APYs.
- Many New Hampshire financial institutions and online banks offer CD accounts with minimum balance requirements of $500 or less.
Opening a certificate of deposit (CD) is a practical, low-risk way for New Hampshire residents to grow their savings. CDs come with fixed rates, which means predictable returns you can calculate before opening an account. CD terms range from a month or less to five years or longer, depending on the institution.
Many financial institutions across the state offer competitive CD products, but the best CD rates in New Hampshire often depend on where you look. Local banks and credit unions may offer strong rates with personalized services, while others have lower rates more in line with national averages. Online banks can be a great option, too, especially if you’re comfortable banking digitally. Exploring several options can help you find the right fit for your financial goals.
Best CD Rates In New Hampshire
Popular Banks and Credit Unions in New Hampshire
- Merrimack County Savings Bank: Merrimack County Savings Bank offers a range of CD terms with competitive rates, including a bump-up CD option, and in-person service across several New Hampshire locations.
- Service Credit Union: Service Credit Union offers high APYs across all of its CD terms, including one of the highest one-year CD rates in New Hampshire.
- New Hampshire Federal Credit Union: New Hampshire Federal Credit Union offers NCUA-insured CDs with competitive rates and terms tailored to local savers and state employees.
- Online banks: Online banks are known for offering high APYs on deposit products, including CDs, and are an excellent option if you don’t require in-person banking services.
Online Banks Offering CDs
Online banks can be a smart option for New Hampshire savers looking for high CD yields and simple digital account management. Without the overhead costs of physical branches, online institutions often deliver better interest rates and low or no fees.
Why consider online CDs?
- Higher interest rates: Due to lower operating expenses, online banks typically offer more competitive rates across a range of deposit accounts. They can pass those savings on to customers through higher APYs and lower fees.
- Deposit protection: CDs held at banks are FDIC-insured up to $250,000 per depositor, while the NCUA insures CD deposits at credit unions up to the same limit.
- Low minimum deposits: Online banks often make it easier to open a CD through smaller deposit requirements.
The following online banks are known for their strong APYs, digital tools, and other benefits.
Quontic Bank: You’ll find high-yield CDs with competitive rates, online and mobile access, and no hidden fees when banking with Quontic.
Barclays Bank: Barclays is another online bank known for offering competitive rates on CDs, including mid-range CD terms such as 18-month CDs and 2-year CDs.
Ally Bank: Ally not only has high-yield CDs available across a range of CD terms, but it also offers bump-up CDs and no-penalty CDs.
Bask Bank: Standard CDs from Bask Bank offer competitive yields and a quick, fully digital setup process with a reasonable minimum deposit of $1,000.
These digital-first options may not be for everyone, but they provide an easy way for those who prioritize convenience and control to earn more on their savings.
Factors to Consider When Choosing a CD in New Hampshire
Choosing the right CD depends on more than just the interest rate. Consider personal factors, including your financial situation and goals, along with external factors such as the economic outlook in your state. Below are some factors New Hampshire residents should consider when choosing a CD account.
- Tax benefits: As of January 1, 2025, New Hampshire no longer taxes interest earned on CDs, making it a more appealing state for savers. However, federal income tax still applies.
- State economic trends: New Hampshire’s economy remains relatively stable midway through 2025, with low unemployment, steady consumer spending, and consistent job growth in sectors like healthcare and manufacturing. However, economic experts warn that labor shortages, high housing costs, and potential federal policy changes such as tariffs could present challenges for continued growth.
- Banking needs: Your existing bank may not always be the best option for competitive rates to grow your savings. Consider whether you prefer all of your accounts at one bank or are willing to diversify your banking to take advantage of higher rates elsewhere.
Pros and Cons of CDs
Pros
- Fixed interest rates offer predictable returns for CD accounts.
- Many CDs offer higher APYs than traditional savings accounts.
- Deposits are protected by federal insurance through the FDIC or NCUA.
Cons
- You may face penalties if you withdraw money before the CD matures.
- Inflation may reduce the purchasing power of fixed CD earnings.
- Some CDs don’t offer monthly interest payouts, which may not appeal to those seeking regular income.
Find the Right CD in New Hampshire for You
CDs can be a valuable part of your savings strategy, offering security and solid returns. Compare options from local banks, credit unions, and online providers to find the right fit for your financial goals.
Compare CD rates in New Hampshire now.
FAQs
Yes, some local, regional, and national banks in New Hampshire offer CD specials that may feature higher APYs than other available terms.
Some New Hampshire banks, including Bank of New Hampshire and TD Bank, offer the option to open standard CDs through their websites.
Many banks and credit unions automatically renew CDs at maturity unless the account holder chooses another option within the grace period, which typically lasts seven to ten days.
