Banks and Credit Unions with Highest 12-Month CD Rates in Birmingham, AL: April 2011

If you’re in search of the best 12-month CD rates available today, you should begin by comparing the rates from local financial institutions near you. Generally, community-oriented banks and credit unions are in a better position to offer more competitive interest rates on deposit accounts.

Birmingham Banking Rates makes it easy to locate the best 12-month CD rates in Birmingham because we compile interest rates from financial institutions withing a 50-mile radius of the city, providing you with the most current rates information possible. Below, you’ll find a breakdown of the rates from banks and credit unions in and around Birmingham that are offering 1-year CDs.

Average 1 Year CD Rates in Birmingham

There are currently 20 one-year CD accounts available in the city that Birmingham Banking Rates collects rates data from–the average rate among them is 0.94% APY.

Here’s how individual bank and credit unions’ rates stack up against each other:

Banks & Credit Unions with the Highest One Year CD Rates

• Acipco Credit Union: 1.26%
• EvaBank: 1.25%
• The First National Bank of Talladega: 1.25%

Lowest Birmingham 12-Month CD Rates

• First Financial Bank: 0.5%
• New Pilgrim Credit Union: 0.6%
• Central State Bank Alabama: 0.65%

So what can you do with this information? As a general rule, you can compare a CD rate offer against the Birmingham average to gauge how competitive it is. Rates that are around the same as the average or higher are considered good for your area.

Please note these rates are accurate as of the publish date but are subject to change at any time. You can see up-to-date rates information for 6, 12 and 24 month certificates of deposit by visiting the Birmingham CD Rates page.