APY GUY tracks and publishes noteworthy APYs (annual percentage yields) on both fixed and variable rate deposit accounts from hundreds of FDIC-insured banks and NCUA-insured credit unions across the country.

In this June 2023 report, we’ve published what we’ve found to be the top CD (certificate of deposit) rates available to residents in Wisconsin. While we do our best to keep rates updated on a monthly basis at the minimum, we advise that you check with each financial institution individually to get updated CD and savings rates.

We should also note that although all of the CD rates featured in this report are available to residents in the state of Wisconsin, many of them may be available to residents outside of the state as well.

According to FDIC state profile data (download here) there are 166 banks serving the state of Wisconsin with combined assets of just over $149.7 billion.

There are also 113 credit unions with headquarters in Wisconsin serving 3.75 million members with combined assets of just over $65.4 billion according to CreditUnionsOnline.com.

The largest credit union in Wisconsin by member size and assets held is Connexus Credit Union, serving ~444,000 members in the state.

Credit unions and banks of all sizes within the state of Wisconsin and throughout the country offer federally insured CDs with varying terms, generally ranging from a few months to 5 to 10 years. The FDIC insures bank deposits up to $250,000 per depositor and the NCUA insures credit union deposits up to $250,000 per depositor.

CD and savings rates are generally correlated to Federal Reserve rates which are now anchored between 5.00% and 5.25% following the Fed’s most recent rate hike back in May. The Fed may also raise rates again before the end of the year. You can read more in our CD rate forecast.

Below is our report on the best CD Rates in Wisconsin for the month of June 2023. All of the CD rates featured in this report were surveyed on June 29, 2023.

Best 6 Month CD Rates

Below are the highest yielding ~6 month CD rates available to residents in Wisconsin. We included a few CD specials and promotions that were close to the 6 month mark as well.

To put these yields into perspective, the national average for a 6 month CD sits at just 1.26% according to FDIC data.

PNC Bank is not based out of Wisconsin but they have a large presence in the state with 26 branches in 17 different towns and cities. The largest concentration of PNC branches can be found in Milwaukee and Brookfield.

Associated Bank, based out of Greenbay, Wisconsin, is the largest bank in the state by assets with $41 billion. They have 145 branches within the state and you must live within their geographical footprint to open one of their CDs.

Huntington Bank has 16 branches throughout Wisconsin and U.S. Bank has 107 – giving it the largest coverage of the major banks in the state ahead of both Chase and Wells Fargo.

Best 12 Month CD Rates

Below are the highest yielding 12 month CD rates available to residents in Wisconsin. These may include promotional offers that are near the 12 month mark.

To give the offers above some context, the average APY on a 12 month CD sits at just 1.63% nationally (according to FDIC data) while the average 12 month CD rate in Wisconsin is 2.29% according to Bankrate data.

Connexus Credit Union is headquartered in Wausau, Wisconsin, however they operate more like an online bank than a traditional local credit union. Their CDs can be opened by consumers online in all 50 states.

Summit Credit Union is the largest credit union in Wisconsin by assets and their CDs can be opened online or in a local branch. They have 57 branch locations within the state.

Best 2 Year CD Rates

Below are the best 2 year CD rates available to residents in Wisconsin. These may include promotional offers near the 2 year mark.

To put these offers above in perspective, the average 2 year CD rate sits at just 1.45%, nationally. The average 2 year CD rate in Wisconsin is 2.33%.

BMO Harris is headquartered in Chicago, IL but has the largest presence in Wisconsin of any bank in the country – with 153 branches in 104 different towns and cities in the state.

Best 3 Year CD Rates

Below are the best 3 year CD rates available to residents in Wisconsin. These may include promotional offers near the 3 year mark.

To put these offers above in perspective, the average 3 year CD rate sits at just 1.36%, nationally. The average 3 year CD rate in Wisconsin is 2.51%.

Best 5 Year CD Rates

Below are the best 5 year CD rates available to residents in Wisconsin. These may include promotional offers near the 5 year mark.

Both Capital One and Ally Bank offer online CDs that can be opened by consumers in all 50 states.

To put these offers above in perspective, the average 5 year CD rate currently sits at just 1.37%, nationally. The average 5 year CD rate in Wisconsin is 2.65%.

Wisconsin CD Rates VS National Average

Banks and credit unions operating in Wisconsin and serving the residents therein, are currently featuring higher CD rates and APYs than what we find at the national level.

We’ve compiled a chart comparing average CD rates in Wisconsin vs average CD rates in the US using both Bankrate and FDIC data. You can see the results below. These are accurate as of June 2023.

Average CD Rates in Wisconsin – vs – Average CD Rates Nationally: