Most products on this page are from partners who may compensate us. This may influence which products we write about and where and how they appear on the page. However, opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain. Most products on this page are from partners who may compensate us. This may influence which products we write about and where and how they appear on the page. However, opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain. Most products on this page are from partners who may compensate us. This may influence which products we write about and where and how they appear on the page. However, opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain.
Alliant Credit Union Certificates of Deposit
5
1 YEAR APY
5.15%
3 YEAR APY
4.20%
5 YEAR APY
4.00%
TERM LENGTHS
1-5 Years
MINIMUM DEPOSIT REQUIRED
$1,000
Why We Like It
Alliant Credit Union offers some of the strongest CD rates currently available, particularly for shorter terms. While the minimum deposit is slightly higher than what we've seen comparable CDs require, the high interest rates do a lot to help justify the steeper requirement. If you're looking to lock in a high APY, Alliant should be on your radar.
Rising Bank Certificates of Deposit
4
1 YEAR APY
5.31%
3 YEAR APY
3.85%
5 YEAR APY
N/A
TERM LENGTHS
6 months - 3 years
MINIMUM DEPOSIT REQUIRED
$1,000
Why We Like It
The interest rates on Rising Bank CDs are up there with the top rates we've seen recently, making these a viable option for those looking to set aside some funds and earn some interest. CDs here come with a 10-day grace period to the bank's early withdrawal penalty, and the online bank offers a few other deposit account types as well.
Synchrony Bank Certificates of Deposit
5
1 YEAR APY
4.80%
3 YEAR APY
4.15%
5 YEAR APY
4.00%
TERM LENGTHS
3 months - 5 years
MINIMUM DEPOSIT REQUIRED
$0
Why We Like It
Synchrony Bank offers some of the most flexible CD options currently available. With terms ranging from three months to five years, as well as a Bump-Up CD and No-Penalty CD option, there's likely a certificate of deposit in Synchrony's roster that lines up with your needs. Additionally, none of Synchrony's CDs require a minimum opening balance, which is remarkably rare (many of the best CD rates require a minimum deposit of $1,000 or more). Across the board, Synchrony offers higher rates than most traditional banks, and some even outpace the best online banks' rates. All this makes Synchrony CDs an easy recommendation.
Capital One 360 Certificates of Deposit
5
1 YEAR APY
4.80%
3 YEAR APY
4.00%
5 YEAR APY
3.90%
TERM LENGTHS
6 months - 5 years
MINIMUM DEPOSIT REQUIRED
$0
Why We Like It
Capital One offers some of the strongest interest rates currently available; with terms ranging from six months to five years, few other banks can compete with its CD rates. What's more, Captial One CDs are more accessible than many of its competitors' offerings. There's no minimum opening balance requirement for any of its CDs, and its early withdrawal penalties are relatively lenient, especially for longer term lengths.
Marcus by Goldman Sachs High-Yield Certificates of Deposit
5
1 YEAR APY
5.00%
3 YEAR APY
4.15%
5 YEAR APY
4.00%
TERM LENGTHS
6 months - 6 years
MINIMUM DEPOSIT REQUIRED
$500
Why We Like It
Marcus by Goldman Sachs offers some of the strongest CD rates currently available, as well as an impressive array of term lengths. With maturities ranging from six months to six years, as well as three no-penalty options, most people should be able to find a CD that works for their individual needs. Marcus CDs also feature a relatively low minimum opening deposit of $500, and once funded, new CDs are backed by a 10-Day Rate Guarantee.
Discover Certificates of Deposit
4
1 YEAR APY
4.70%
3 YEAR APY
3.75%
5 YEAR APY
3.75%
TERM LENGTHS
3 months - 10 years
MINIMUM DEPOSIT REQUIRED
$2,500
Why We Like It
Despite the steep minimum opening deposit requirement, Discover Bank's certificates of deposit are competitive with the best CD rates currently available. And with maturities ranging from three months to 10 years, it's easy to find a term length that works for your specific savings plan. It's worth noting that some of Discover's strongest rates are on par with what you'd get from the best online banks.
CIT Bank Term Certificates of Deposit
3.5
1 YEAR APY
0.30%
3 YEAR APY
0.40%
5 YEAR APY
0.50%
TERM LENGTHS
6 months - 5 years
MINIMUM DEPOSIT REQUIRED
$1,000
Why We Like It
Many banks that offer CDs require customers to commit to lengthy terms of several years or more in order to earn the highest interest rates available. However, with CIT Bank's term CDs, the opposite is true. To get the best rates at CIT, you'll need to open one of its shorter-term CDs, such as its 13-month CD that pays 3.50% APY. If you want an easy way to save more money without having to wait years, CIT Bank's term CDs are a solid option.
Quontic Bank Certificates of Deposit
3
1 YEAR APY
4.50%
3 YEAR APY
4.40%
5 YEAR APY
4.30%
TERM LENGTHS
6 months - 60 months
MINIMUM DEPOSIT REQUIRED
$500
Why We Like It
Quontic CDs typically offer a pretty solid APY, especially for 12-month terms. However, Quontic’s early withdrawal penalties are notably steep compared to competitors.