Banks in Kentucky with the Best Interest Rates Today

When searching for the best Kentucky interest rates, there are actually several different types of financial institutions where you can look like community banks, credit unions, national banks and online institutions. So why not begin your search close to home with the local banks in your area? These small organizations tend to offer higher rates than larger banks and chains. The following is a look at the highest rates from local banks specifically.

Best Kentucky Bank Savings Rates

Finding a savings account in Kentucky with a high interest rate will help you make the most out of your deposits. The community banks in Kentucky with the best savings rates today are:

• First Federal Savings Bank of Frankfort: 1.01%
• Commonwealth Community Bank, Inc.: 1%
• The Peoples Bank of Bullitt County: 1%

Top CD Rates from Kentucky Banks

A certificate of deposit (CD) is like a savings account, but you keep your money on deposit for a set period of time in exchange for higher interest rates. The term is how long that deposit period is–generally, the longer the term, the higher the rate. Here are the best bank rates for various CD accounts in Kentucky.

6-Month CD

• Kentucky Neighborhood Bank: 1.04%
• Bank of Clarkson: 1%
• The Peoples Bank of Bullitt County: 1%

• The Peoples Bank of Bullitt County: 1.26%
• Citizens First Bank - Kentucky: 1.25%
• Bank of Lexington, Inc.: 1.15%

• Kentucky Neighborhood Bank: 1.73%
• The Cecilian Bank: 1.65%
• Citizens First Bank - Kentucky: 1.55%

The above rates are accurate as of June 14, 2011 but are subject to change at any time. Please contact individual banks to verify rates before opening an account. To see a comprehensive list of all the financial institutions in the state, visit our Kentucky Banks List.