Do CD rates vary by ZIP code?
Same-day comparisons of identical CD products, terms and deposit tiers across the ZIP codes we checked.
Do banks pay different CD rates by location?
A ZIP code identifies the market in which an offer is quoted. A quote for one market does not establish that residents elsewhere can open it. We compare the same institution, product, kind, exact term and stated deposit tier, verified on the same UTC day.
Among 13 independent institutions with comparable quotes in multiple checked ZIP codes, 3 showed a difference. The widest observed gap was 75 bp. This covers the ZIP codes checked, rather than every U.S. ZIP code.
| Institution / product | Term / minimum | Lowest checked quote | Highest checked quote | Gap / evidence |
|---|---|---|---|---|
| Fifth Third Bank13 Month CD Promo | 13 months $5,000 | 3.40% 45202 (Cincinnati, OH) Oct 24, 2026 snapshot | 4.15% 33602 (Tampa, FL) Oct 24, 2026 snapshot | 75 bp |
| Huntington BankFixed Rate CD | 5 months $1,000 | 3.51% 65804 (Springfield, MO) Oct 23, 2026 snapshot | 4.10% 60638 (Chicago, IL) Oct 23, 2026 snapshot | 59 bp |
| Teachers Federal Credit UnionCertificate | 6 months $1,000 | 3.50% 11788 (Hauppauge, NY) Oct 24, 2026 snapshot | 3.75% 33602 (Tampa, FL) Oct 24, 2026 snapshot | 25 bp |
| BMO BankBMO CD Specials | 35 months $1,000 | 3.15% 53202 (Milwaukee, WI) Oct 23, 2026 snapshot | 3.15% 85004 (Phoenix, AZ) Oct 23, 2026 snapshot | 0 bp |
| Bank of AmericaFeatured CD & IRA CD | 37 months $1,000 | 0.11% 10001 (New York, NY) Oct 23, 2026 snapshot | 0.11% 94105 (San Francisco, CA) Oct 23, 2026 snapshot | 0 bp |
| CitibankFixed Rate CD | 5 months $500 | 2.50% 10001 (New York, NY) Oct 23, 2026 snapshot | 2.50% 90012 (Los Angeles, CA) Oct 23, 2026 snapshot | 0 bp |
| First Commonwealth Bank15 Month Certificate of Deposit (CD) promotion | 15 months $10,000 | 4.25% 15222 (Pittsburgh, PA) Oct 24, 2026 snapshot | 4.25% 45202 (Cincinnati, OH) Oct 24, 2026 snapshot | 0 bp |
| KeyBankKey Tiered CD | 12 months $10,000 | 3.75% 14202 (Buffalo, NY) Oct 23, 2026 snapshot | 3.75% 98101 (Seattle, WA) Oct 23, 2026 snapshot | 0 bp |
| M&T BankM&T Certificate of Deposit | 6 months $1,000 | 3.00% 02109 (Boston, MA) Oct 23, 2026 snapshot | 3.00% 22031 (Fairfax, VA) Oct 23, 2026 snapshot | 0 bp |
| PNC BankPNC Fixed Rate CD | 37 months $1,000 | 2.80% 10001 (New York, NY) Oct 23, 2026 snapshot | 2.80% 77002 (Houston, TX) Oct 23, 2026 snapshot | 0 bp |
| TD BankTD Choice CD | 36 months $10,000 | 2.00% 02108 (Boston, MA) Oct 24, 2026 snapshot | 2.00% 33130 (Miami, FL) Oct 24, 2026 snapshot | 0 bp |
| U.S. BankCD Special | 6 months $1,000 | 3.25% 45202 (Cincinnati, OH) Oct 24, 2026 snapshot | 3.25% 94105 (San Francisco, CA) Oct 24, 2026 snapshot | 0 bp |
| Wells Fargo11 month Special Fixed Rate CD | 11 months $5,000 | 3.99% 10001 (New York, NY) Oct 24, 2026 snapshot | 3.99% 75201 (Dallas, TX) Oct 24, 2026 snapshot | 0 bp |
How to interpret a ZIP gap
A difference can reflect market-specific offers and eligibility. It does not prove why an institution set a price or mean that changing a ZIP code changes the rate available to you. Check your own address and account conditions on the institution's site.
Sources, scope and methodology
All findings are generated from verified D1 records using fixed calculations and templates. No language model writes these findings. Stale and future-dated quotes are excluded, as are relationship-only quotes. A regulator ID counts once in each institution-level comparison. This tracked sample is not a deposit-weighted national average.
Index comparisons use the highest applicable $10,000 quote at each exact term per regulator. A median or P90 requires at least 30 independent institutions in its group. Fresh regional and promotional offers can be included; availability and membership conditions still apply. ZIP comparisons instead match a stated product, term and tier.
Routine re-verification does not change the financial-content modification date. Tables can change as rates, coverage or freshness change. Download index data and source snapshots · Download current rate quotes · Full methodology · Corrections
Cite APY Ledger, “Do CD rates vary by ZIP code?,” facts changed 2026-10-24, https://apyledger.com/guides/cd-rates-by-zip-code. Data: CC BY 4.0.