Certificate of deposit rates in Ohio increased slightly on the very short term, six month CD term, dropped by an equivalent amount on the one year term and were unchanged for the remaining CD terms.  The best six month CD rate was offered by Insight Bank with an interest rate of 2.60%.  The next best six month CD rate dropped measurably to 2.25% and is a product of Columbus First Bank on their six month CD.  Rates drop even further with the next best six month CD coming from Conneaut Savings Bank that has an interest rate of 2.02%.

The best one year CD rates in Ohio have been reduced by a few basis points to 2.75%.  Three banks market this interest rate, Insight Bank, Bramble Savings Bank and First Federal Savings and Loan of Delta.  Insight Bank offers this rate on a year term, Bramble Savings Bank offers this rate on an 18 month term while First Federal Savings and Loan of Delta markets this on 16 month term.

The best two year CD rates in Ohio remained stagnant.  The top two year rate continues to be marketed by Bramble Savings Bank on a 30 month CD that has an interest rate of 3.00%.  Insight Bank jumps into second place with a two year CD rate of 2.80%.  Two basis point below this rate is a two year CD provided by The Citizens Bank of Logan that has a rate of 2.78%.  Two banks Miami Savings Bank and Columbus First Bank share the nest spot with two year CD rates of 2.75%.

Five year bank CDs were also near stationary for the week.  The best five year CD rate is still being promoted by US Bank on their 59 month term CD that has an interest rate of 3.75%.  The Citizens Bank is a bit of step down in second position with a five year CD rate of 3.56%.  Only one basis point lower is a five year CD from The Citizens Bank of Logan that has a rate of 3.55%.  And only two basis points further beneath this rate is the 53 month CD of Fifth Third Bank that has a rate of 3.53%.

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