Rate Alert: Raleigh residents have access to rates up to 4.30% right now — nearly 8x the national average. Raleigh is also home to Live Oak Bank, one of the few NC-based online banks offering nationally competitive rates. Always confirm directly with the institution before opening.

Best CD Rates — Raleigh, NC

Institution	APY	Term	Min. Deposit	Insured By	Standing
Raisin (Online)	4.30%	12 months	$1	FDIC/NCUA	Top Online
Fifth Third Bank	4.26%	7–13 months	$5,000	FDIC	Top Local
Coastal Credit Union	4.15%	60 months	$1,000	NCUA	Strong Rate
Live Oak Bank	4.10%	12 months	$2,500	FDIC	NC-Based Online
Marcus by Goldman Sachs	3.90%	12 months	$500	FDIC	Strong Rate
State Employees’ Credit Union	3.85%	24 months	$250	NCUA	Competitive
National Average	0.55%	12 months	Varies	—	Benchmark

💡 Pro Tip — Raleigh Residents

Raleigh has something most cities don’t — a hometown online bank worth using. Live Oak Bank is headquartered right here in NC (Wilmington) and consistently offers nationally competitive CD rates without the big-bank overhead. Their 12-month CD at 4.10% requires $2,500 to open. If you want the absolute highest rate with no meaningful minimum, Raisin at 4.30% is your best move. State Employees’ CU (SECU) is open to all NC residents — not just state workers — and offers solid rates with a very low $250 minimum.

Best Savings Rates — Raleigh, NC

Institution	APY	Min. Balance	Type	Standing
Raisin (Online)	4.30%	$1	Money Market	Top Pick
Live Oak Bank	4.00%	$0	High-Yield Savings	NC-Based
Marcus by Goldman Sachs	3.90%	$0	High-Yield Savings	Strong
National Average	0.46%	Varies	Savings	Benchmark