Best CD Rates in Alaska | Anchorage, Juneau, Fairbanks, & Other Cities


Alaska CD Rates for 1-Month to 5-Year CDs

If you are a resident of Alaska and have been considering taking out a certificate of deposit (CD), we’re here to help.

Here at AdvisoryHQ, we know how important it is to conduct thorough research before signing up for a financial product, especially when it comes to Alaska CD rates.

If you are searching for the best CD rates in Juneau, Sitka, or Wasilla, your first step should be to thoroughly evaluate all rate offers from local and national lenders to ensure that your savings has the best possible chance to grow.

For current rates on financial products in Alaska, check out the Alaska rate table above.

Best CD Rates in Alaska

Juneau, AK

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Which Alaska City Are You Located In?

Below is a list of the largest cities in Alaska. Click here to go to the Alaska rates table displayed above to view the best rates on financial products in the state.

Biggest Cities in Alaska

Population

Anchorage 298,695
Juneau 32,756
Fairbanks 32,751
Wasilla 9,748
Sitka 8,863
Ketchikan 8,208
Kenai 7,745
Palmer 7,000
Bethel 6,378
Kodiak 6,191

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Tips for Getting the Best CD Rates in Alaska

Often providing more in returns than a savings account, certificates of deposit are popular savings products. However, it’s important to choose the right rates for your unique financial needs.

Read on to find tips for getting the best CD rates in Alaska to help your savings grow.

Know Your Finances

Before signing up for CD rates in Alaska, you’ll want to know exactly how much you can afford to set aside.

Some Alaska CDs will have minimum balance requirements, so the amount of cash you can set aside may play a large role in which CD you choose.

Keep in mind that any money put into a CD won’t be liquid until the account matures, so you’ll want to have a good handle on your finances before signing up for CD rates in Alaska.

Compare Multiple Products

When looking for the best CD rates in Alaska, your local bank is a good place to start—but it should not be the end-all solution.

With the rise of online banking, there are plenty of online banks offering competitive Alaska CD rates, often providing better rates than brick-and-mortar banks.

Credit unions are also great resources for CD rates in Alaska, since they operate as not-for-profit organizations and can often offer better rates as a result.

Look for Promotional Alaska CD Rates

The benefit to having local banks and credit unions to choose from is that these financial institutions often have promotions or special rates on Alaska CDs.

Some examples of potential discounts on Alaska CD rates include:

  • Larger deposits
  • Switching to electronic statements
  • Senior citizens
  • Veterans
  • Residents of a specific county or city

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High Yield Savings Rates vs Best CD Rates in Alaska

One of the most important steps in finding the best CD rates in Alaska is understanding all your options when it comes to Alaska CDs.

Alaska CD rates for longer-term CDs tend to provide the best rates, since banks can use your investment for a longer period of time.

It’s also important to note that the best rates in Alaska might not match the best national rates, which stresses the importance of using Alaska rate tables to compare local account offers for any financial product. 

However, you might also want to consider high-yield savings accounts in Alaska. You may find that online high-yield savings accounts offer higher rates than the best CD rates in Alaska.


Conclusion: Getting the Best CD Rates in Alaska

No matter what type of account you choose, a CD can be a great option for consumers that struggle with keeping their savings intact long enough for their account to grow.

Consider your financial goals, your current savings plan, and the best CD rates in Alaska to choose the best savings account for your personal financial goals.

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CD, Saving and MMA Rate Table Disclaimer

Click here to read AdvisoryHQ’s disclaimer on the rate table(s) displayed on this page.


Table source:

https://www.google.com/search?q=biggest+cities+in+alaska&oq=biggest+cities+in+alaska

Image source:

https://pixabay.com/en/juneau-alaska-sunset-dusk-sky-2361261/



AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.