Certificate of deposit rates in Ohio were modestly higher for the week with the exception of the one year CD rates which rose appreciably for the week.  All of the highest CD rates for each term category exceed the best national rates except the six month CD rates which are trailing the best national rates.

The average of the best six month CD rates in Ohio were up by one basis point or 1/100 of a percent to end the week at 2.02%.  Two year CD rates were unchanged at 2.79%.  The best five year CD rates average was also unchanged at 3.55%.  The one year CD rates moved markedly from last week’s average of 2.54% to 2.62% at the end of the week.

The best six month CD rate in Ohio trails the best national rates rather substantially.  The highest six month CD rate stands at 2.06% is available at The Rockhold, Brown & Co Bank.  The best one year CD rate is at 2.79% on a promotional 16 month CD at 1st Federal Savings & Loan of Delta.  The best two year CD rate is at Columbus First Bank with an interest rate of 2.90%.  Bramble Savings Bank remains on the list with their extended term 30 month CD with a rate of 3.00%.  The best five year CD rate stands at 3.73% is promoted by The Farmers and Merchants Bank.

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