Maine CD Rates & Maine Interest Rates for 1-Month to 5-Year CDs
As the most northeastern state in the U.S., Maine is well-known for its maritime history, rocky coastline, lighthouses, and natural features like state parks, mountains, and forests.
If you live in Bangor, Portland, Oxford County, Lewiston, or any other city in Maine, you know how important it is to research and compare multiple Maine CD rates. Of course, looking for the best rates on financial products in Maine takes time, which is not a luxury that many people have.
To view current rates in Maine, check out the Maine rate table above to find the best products and offers from leading financial institutions across the state.
Bar Harbor, ME
Which Maine City Are You Located In?
Below is a list of the largest cities in Maine. Click here to go to the Maine rates table displayed above to compare the best rates in Maine from leading financial institutions.
Biggest Cities in Maine
Long-Term CDs & High-Yield Savings Accounts
Part of finding the best CD rates in Sanford, Auburn, Biddeford, or other cities in Maine is exploring multiple options and rates.
Something to note is that the longer-term 2-year, 3-year, and 5-year CDs offer the best CD rates in Maine.
Banks are willing to offer higher rates for these longer-term CDs because they have a longer time to utilize the money you keep in your CD account.
If the Maine rates listed above do not fit your financial needs, you can also consider taking out high-yield savings accounts in Maine, since some online high-yield savings accounts offer much higher rates than even the highest Maine CD rates.
Jumbo CD Rates in Maine
Along with traditional CD accounts, banks also offer jumbo CD rates and offers for Maine consumers. So, what exactly is a jumbo CD?
A jumbo CD is a certificate of deposit account in which the account holder is required to deposit $100,000 or more. Jumbo CDs are ideal for those with larger deposits to make, since banks offer higher CD rates in Maine than with traditional CDs.
Click here to visit the rate table above to view current rates and offers for financial products in Maine.
Conclusion: Finding the Best CD Rates in Maine
Keep in mind that, in most cases, you won’t be able to withdraw funds from a CD until the account has matured, which may cause a problem for consumers that want liquidity.
At the same time, however, a CD is an ideal option for those who struggle with depleting their savings accounts before they have a chance to grow it.
Consider your financial goals, your current savings plan, and the best CD rates in Maine, or across the nation, to determine whether investing in a CD is the right decision for you.
CD, Savings and MMA Rate Table Disclaimer
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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.
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