Opening a Certificate of Deposit (CD) account helps you grow savings with stable returns and clear terms. Ohio offers a wide range of banks and credit unions with competitive rates, online account access and insured deposits. These institutions offer multiple account types and accessible structures, so explore where to open a CD account in Ohio.
- First Commonwealth Bank
First Commonwealth Bank operates as a long-established, community-focused financial institution with deep roots in Western Pennsylvania and a wide footprint across Ohio. It grew from a series of community bank mergers and today maintains more than one hundred branch offices across thirty counties.
The company’s headquarters remain in Indiana, Pennsylvania, reflecting a continued commitment to local decision-making even as its service network expands across Central, Northern and Southern Ohio. It delivers a full suite of consumer and business banking services, including checking, savings, lending, mortgage solutions, wealth management, insurance and Small Business Administration lending programs.
First Commonwealth Bank balances large-bank capabilities with personal service through one-on-one support, financial education resources and convenient digital banking tools. Its scale — with more than $12 billion in assets and nearly half a million customers — positions it as a reliable institution for depositors seeking insured, transparent and accessible CD options.
A strong record of industry recognition and community engagement reinforces its role as one of the notable banks where you can open a CD account in OH. This combination of reach, stability, and relationship-focused service supports a dependable experience for new and returning CD account holders.
- Huntington Bank
Huntington Bank is a long-established financial institution with roots dating back to 1866 and a significant presence across Ohio. It operates more than one thousand branches and an extensive ATM network throughout a fourteen-state footprint, giving customers broad access to full-service consumer, business and wealth management solutions.
The bank’s approach focuses on purposeful financial guidance supported by tools that help customers plan, save and manage money with clarity. Its CD accounts feature fixed interest rates, transparent terms and Federal Deposit Insurance Corporation (FDIC) protection within standard coverage limits.
Huntington monitors market conditions daily to maintain competitive rate offerings, and its digital calculators and comparison tools help savers easily project returns and evaluate options. It also offers CD-based Individual Retirement Account structures for those seeking tax-advantaged savings with predictable growth.
The bank’s community partnerships, service-driven culture and deep relationship-building philosophy reinforce its position as a reliable choice for structured savings. With strong regional roots, a broad product suite and accessible CD options, Huntington ranks among the top banks where you can open a CD account in OH and build savings with confidence.
- Fifth Third Bank
Fifth Third Bank is widely recognized as one of the top institutions to open a CD account in Ohio, thanks to its mix of competitive products, community-driven values and strong regulatory performance. It offers a broad lineup of Certificates of Deposit designed for different financial goals — from flexible promotional CDs to short-term and long-term options with accessible opening deposits.
The company also offers specialized CDs for education savings, providing Ohio customers with multiple options to grow their money at a predictable, fixed rate. Every CD is backed by FDIC protection and carries no maintenance fees, making it a reliable choice for long-term savers.
Beyond its product selection, the bank is deeply anchored in responsible banking and community investment. It maintains an “Outstanding” Community Reinvestment Act (CRA) rating and supports local revitalization, financial mobility, and inclusive economic programs across Ohio and other regions it serves.
Fifth Third Bank’s long-running partnerships, workforce initiatives, and inclusion efforts reflect its commitment to ethical business practices and community well-being. With a clear focus on financial empowerment, transparency and accessible banking, it continues to serve as a trusted institution for Ohio residents looking to open a CD and build secure savings for the future.
CD Features Comparison
Choosing where to open a CD account in OH becomes clearer when you compare each institution’s term choices, product variety, insurance backing and access options. Compare key CD features from First Commonwealth Bank, Huntington Bank and Fifth Third Bank to determine your best choice.
| Institution | CD Term Options | Special CD Types | Rate Structure | Insurance | Early Withdrawal Rules | Access and Branch Network |
| First Commonwealth Bank | Traditional and promotional terms available, multiple maturity options across Ohio regions | IRA CDs | Fixed rate for the entire term, interest compounded | FDIC insured | Penalties apply based on term length | Broad Ohio branch coverage plus digital banking |
| Huntington Bank | Standard and extended-term CDs up to multi-year options | Jumbo CDs | Fixed-rate structure, promotional and standard offerings | FDIC insured | Penalties vary by CD type and duration | Multi-state branch footprint with strong Midwest presence |
| Fifth Third Bank | Short-term, long-term, promotional and extended education-oriented options | 529 CDs for education planning | Fixed rates for all terms, no partial withdrawals | FDIC insured | Penalty percentage depends on the CD’s maturity range | Statewide branches with digital planning tools like CD calculators |
Tips for Choosing the Right CD Account in OH
A CD works best when aligned with your savings timeline, interest expectations and liquidity needs. The points below introduce key elements that help you identify which institution in Ohio may suit your goals:
Compare APYs Across Terms
Different term lengths produce different annual percentage yields (APY). Reviewing multiple institutions helps you find yields that match your strategy. A small difference in APY can meaningfully boost returns, especially on longer-term CDs.
Review Insurance Information
FDIC or National Credit Union Administration coverage supports deposit protection and enhances consumer confidence. Confirming the institution’s insurance status ensures your savings remain protected even in the event of a bank or credit union failure.
Check Liquidity Preferences
Since CDs secure funds for a fixed period, you can use a CD ladder to balance liquidity and earnings by opening several CDs that mature at different times. This approach helps you avoid early withdrawal penalties while still benefiting from higher long-term rates.
Evaluate Digital vs. Branch Banking
Some savers prefer the convenience of opening an account digitally. Others prefer in-person service. Ohio providers support both styles. Choosing the right environment ensures you get the level of support and accessibility you need throughout your CD’s term.
Choosing a CD Account That Supports Your Financial Goals
There is a large mix of banks and credit unions for anyone interested in opening a CD account in OH. The institutions listed above offer federally insured deposits, a variety of term lengths, and options for both in-person and online account management.
Whether you are building predictable savings, creating a ladder strategy or seeking structured returns, exploring multiple institutions supports a stronger decision. With clear Annual Percentage Yield disclosures, straightforward terms, and accessible branches or digital tools, you can select a CD account in OH that aligns with your personal financial plan.