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Old National Bank CD Rates for 2024

Review Updated
Steven Porrello
Ashley Maready
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Old National Bank CDs are available to Midwesterners who are willing to open a CD in person at a physical branch. Since you can't open a CD online, you also can't view all of Old National Bank's CD rates, making it difficult to compare the bank with today's top-paying CDs.

Whether you prefer in-person banking or live in a state where Old National Bank operates, keep reading to find out what this legacy bank has to offer.

Old National Bank CD rates

Is a high-yield savings account a better option for you?

A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.

Account APY Promotion Next Steps
3.80%
Rate info Circle with letter I in it. 3.80% annual percentage yield as of December 27, 2024. Terms apply.
Min. to earn: $0
N/A
Open Account for American Express® High Yield Savings

On American Express's Secure Website.

up to 4.00%²
Rate info Circle with letter I in it. You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
3.80%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A

Compare Old National Bank CD rates

Although Old National Bank doesn't show rates for its certificates of deposit (CD) online, it does occasionally advertise rates for special CD terms. With that in mind, here's how the bank stacks up against today's top-paying CDs.

Rates as of Dec. 18, 2024
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 4.00% Term: 1 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 4.25% Term: 10 Months Min. Deposit:  $2,500
Open Account for

On Secure Website.

Member FDIC.
APY: 4.25% Term: 6 Months Min. Deposit:  $500
Open Account for

On Secure Website.

Details about Old National Bank CDs

Old National Bank CDs have low minimums and, sometimes, competitive annual percentage yields (APYs). Though its APYs remain hidden, let's take a look at what we know about its CDs.

Standard CDs

Pros

  • Low minimum deposits
  • Variety of terms

Cons

  • APYs are hidden
  • Only available in-person
  • Limited physical branches
  • Early withdrawal penalty

Old National Bank CDs have an opening minimum deposit of $500 -- not a high threshold at all, especially when other CDs require deposits of $1,000 or more. According to Old National Bank, it also offers both short and long terms, but since those details aren't disclosed online, it's unclear what it means by "short" and "long."

Perhaps the most frustrating part of Old National Bank is that it doesn't show its CD rates online. That said, it does occasionally advertise limited time offers on special CD terms. For example, it currently has a 7-month CD with a 4.75% APY. That's a decent APY for a CD, but it's not the most competitive rate we've seen.

If you want to know more about Old National Bank CD rates, you have to schedule a visit to one of its 261 brick-and-mortar branches. While that might be inconvenient, you won't know how the bank stacks up against the best CDs until you do.

Who is an Old National Bank CD right for?

Old National Bank CDs might be right for you if you live or work near one of its bank locations and don't mind popping in to open a CD account in-person. This might not be an issue if Old National is already your bank, but if you're shopping for CDs online, this could become a major inconvenience. While it's unclear how much you can earn on an Old National Bank CD, there are still plenty of high-yield CDs that you can open online, like those offered through the financial platform Raisin.

Bottom line: Old National Bank CD rates

Rates as of Dec. 18, 2024

APY = Annual Percentage Yield

Term
Old National Bank CD
7 Mo.
4.75%

Keep reading about Old National Bank:

Our CDs methodology

At Motley Fool Money, certificates of deposit (CDs) are rated primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • Old National Bank is currently in seven states: Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, and Wisconsin.

  • The maximum deposit is $500,000.

  • Old National Bank might be a good investment, but it depends on its APYs, early withdrawal penalty, and CD terms, all of which you'll discover at an Old National Bank branch near you. That said, online banks typically offer higher APYs than brick-and-mortar institutions, like Old National Bank. If your goal is to earn high interest, it would be wise to compare Old National Bank with other CD providers before you lock your money away.