Best CD Rates in Spartanburg SC

Compare current CD rates and terms in Spartanburg SC. The local banks and financial institutions serving Spartanburg and the surrounding area offer a variety of certificates of deposit products for savers and investors. By reviewing the latest bank rates in the region, consumers can secure the best CD rates in Spartanburg SC without having to sacrifice convenience or service.

CD rates in Spartanburg cover a wide assortment of products and terms. Consumers in the area can find competitive three month CD rates and six month CD for short term savings needs in Spartanburg. One year CD rates, 18 month CD rates, and two year CD rates in Spartanburg are available for intermediate savings goals or defined savings objectives. Long term CD rates, such as the five year CDs in Spartanburg are available for a long term savings, retirement plans, and investment diversification.

Most of the CDs marketed by the banks serving the region are traditional fixed rate and fixed term certificates. CD rate shoppers can also find jumbo CDs, IRA CDs, odd term CDs, no penalty CDs, CDs with rising rates or bump CDs, and the occasional CD rate promotion.

The certificates of deposit available in Spartanburg make excellent short and long-term investment opportunities, depending on an individual’s needs. They offer maximum security and a guaranteed rate of return. The banks offer a broad range of maturity dates, interest payment options, and interest rates. And, account holders can relax knowing that their deposits are secured by the FDIC.

Local CD Rates
Bank CD Rate CD Term Min $ Open
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.35% 3 Month $25,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.21% 3 Month $1,000.00
Transportation Alliance Bank
www.tabbank.com
800-837-4214
0.95% 3 Month $1,000.00
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.50% 6 Month $25,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.37% 6 Month $1,000.00
Nationwide Bank CD Rates
www.nationwide.com
877-422-6569
1.20% 6 Month $500.00
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.55% 9 Month $25,000.00
CD Bank
www.cdbank.com
888-201-8185
1.20% 9 Month $1.00
Virtual Bank CD Rates
www.virtualbank.com
877-998-2265
1.16% 9 Month $10,000.00
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.70% 1 Year $25,000.00
BankDirect CD Rates
www.bankdirect.com
877-839-2737
1.60% 1 Year $10,000.00
Popular Direct
www.populardirect.com
800-274-5696
1.55% 1 Year $10,000.00
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.85% 2 Year $25,000.00
TIAA Direct CD Rates
www.tiaadirect.com
855-842-2372
1.81% 2 Year $1,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.81% 2 Year $1,000.00
Synchrony Bank CD Rates
www.synchronybank.com
866-226-5638
2.35% 5 Year $25,000.00
Popular Direct
www.populardirect.com
800-274-5696
2.35% 5 Year $10,000.00
TIAA Direct CD Rates
www.tiaadirect.com
855-842-2372
2.30% 5 Year $1,000.00
The CD rate information presented is believed to be reliable but may have changed since this publication date, the information is not guaranteed. Spartanburg CD interest rates and annual percentage yields earned on the account are determined by the date the account is opened and the term selected. Check with the individual banks directly for the most up to date and accurate information.

The annual percentage yields listed assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A penalty may be imposed for early withdrawal as disclosed on the individual bank certificate of deposit account agreements. Other terms and conditions may apply to open the bank CDs and obtain the advertised yield.

Federal Reserve Currency and Coin Services An important function of the Federal Reserve is ensuring that enough cash—that is, currency and coin—is in circulation to meet the public’s demand.  When Congress established the Federal Reserve, it recognized that the public’s demand for cash is variable.  This demand increases or decreases seasonally and as the level of
Historically low rates on bank CDs continued again this week. Although CD interest rates were little changed by the close of the week, there were no CD terms that displayed an increase in rates and some terms ended with a mild decrease. While CD rates remain quite low, there is a wide discrepancy
CD rates moved modestly higher during a week when most bank rates and interest rates had shifted decidedly lower.  The big news for the week or perhaps the month, the Fed statement that there will be no reduction in the current round of stimulus or QE3, had little impact on bank CD rates.  The lack