The best CD rate across all terms from a bank is 5.55% APY, offered by Newtek Bank for a 6-month CD with a $2,500 minimum deposit. To find you the best bank CD rates nationwide, we review CD rates from hundreds of banks every weekday. The top CD rates in our rankings typically pay three to five times as much as the national average—or even more. Below are the top CD rates from banks available from our partners, followed by the best CD rates from banks that we've found from our research that are available to U.S. customers everywhere.
In the News
At the Fed's most recent meeting in March, the committee decided to hold rates steady—the fifth meeting in a row it has done so—but said again that it expects to cut rates later this year. The Fed's dot plot shows that Fed members believe there will be three rate cuts later this year. CD yields closely follow the fed funds rate. Back in October, CD rates reached peaks not seen in more than 20 years. But now, the Fed’s holding pattern has caused CD rates to plateau. Once it appears the Fed is ready to make a rate cut, CD rates are expected to fall.
But be aware that credit unions are also an excellent source of high-paying certificates of deposit. In fact, the top nationwide credit union CDs often outpay those from nationwide banks. The trade-off is that joining a credit union often involves paying a small membership fee or making a small donation to a nonprofit affiliated with the credit union.
Bank CDs can be a little simpler to open since banks don't require membership. The following list highlights the best-paying bank CDs that anyone nationwide can easily open—no extra hoops required. To be eligible for our rankings, the banks must be FDIC-insured and must offer CDs with a minimum initial deposit of $25,000 or less. In cases where more than one institution offers the same top rate, we've prioritized CDs by the shortest term, then the CD requiring a smaller minimum opening deposit, and if there's still a tie, we sort alphabetically by institution name.
BEST NATIONAL BANK CDs | |||
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Ranked by highest APY, then shortest term, then lowest minimum | |||
Best 3-Month Bank CDs | Rate | Term | Minimum |
TotalDirectBank | 5.42% APY | 3 months | $25,000 |
Banesco USA | 5.30% APY | 3 months | $1,500 |
Popular Direct | 5.30% APY | 3 months | $10,000 |
Best 6-Month Bank CDs | Rate | Term | Minimum |
Newtek Bank | 5.55% APY | 6 months | $2,500 |
My Banking Direct | 5.50% APY | 5 months | $2,500 |
TotalDirectBank | 5.45% APY | 6 months | $25,000 |
Best 1-Year Bank CDs | Rate | Term | Minimum |
NexBank | 5.40% APY | 12 months | $25,000 |
CIBC Agility | 5.36% APY | 12 months | $1,000 |
TotalDirectBank | 5.35% APY | 12 months | $25,000 |
Best 18-Month Bank CDs | Rate | Term | Minimum |
Northern Bank Direct | 5.40% APY | 15 months | $500 |
MYSB Direct | 5.15% APY | 18 months | $500 |
First Internet Bank | 5.04% APY | 18 months | $1,000 |
Best 2-Year Bank CDs | Rate | Term | Minimum |
MYSB Direct | 4.90% APY | 24 months | $500 |
My eBanc | 4.85% APY | 24 months | $5,000 |
First Internet Bank | 4.82% APY | 24 months | $1,000 |
Best 3-Year Bank CDs | Rate | Term | Minimum |
DollarSavingsDirect | 5.00% APY | 36 months | $1,000 |
Luana Savings Bank | 4.76% APY | 30 months | $2,000 |
First Internet Bank | 4.66% APY | 36 months | $1,000 |
Best 4-Year Bank CDs | Rate | Term | Minimum |
Seattle Bank | 4.55% APY | 48 months | $1,000 |
First National Bank of America | 4.55% APY | 48 months | $1,000 |
BMO Alto | 4.50% APY | 48 months | $0 |
Best 5-Year Bank CDs | Rate | Term | Minimum |
First Internet Bank | 4.55% APY | 60 months | $1,000 |
First National Bank of America | 4.55% APY | 60 months | $1,000 |
BMO Alto | 4.50% APY | 60 months | $0 |
Detailed information on the top nationally available bank CD in each term is provided below, including specifics about minimum deposits and early withdrawal penalties.
If you want to explore more options—including credit union CDs—we also publish a complete list of the best nationwide CD rates, as well as stand-alone pages for the best 3-month, 6-month, 1-year, 18-month, 2-year, 3-year, 4-year, 5-year, and 10-year CD rates. For anyone looking to put $100,000 or more into a CD, you may find even better rates in our roundup of the best jumbo CD rates.
Best 3-month bank CD: TotalDirectBank – 5.42% APY
- Early withdrawal penalty: 1 month of interest
- Overview: TotalDirectBank is an online-only operation of City National Bank of Florida, established in Miami in 1946.
Best 6-month bank CD: Newtek Bank – 5.55% APY
- Early withdrawal penalty: 3 months of interest
- About: Newtek Bank is a subsidiary of NewtekOne (NASDAQ: NEWT), a financial company that dates back to 2000. Newtek Bank is headquartered in Miami.
Best 1-year bank CD: NexBank – 5.40% APY
- Early withdrawal penalty: 6 months of interest
- About: Chartered in 1922, NexBank operates three branches in Dallas and serves customers nationwide with online banking.
Best 18-month bank CD: Northern Bank Direct – 5.40% APY
- Early-withdrawal penalty: 12 months of interest
- About: Northern Bank Direct is the online division of Northern Bank. FDIC-insured since 1960, Northern Bank is headquartered in Woburn, Massachusetts.
Best 2-year bank CD: MYSB Direct – 4.90% APY
- Early-withdrawal penalty: All earned interest (3 months minimum)
- About: MYSB Direct is the online banking arm of M.Y. Safra Bank, which is headquartered in New York City and operates a single branch there.
Best 3-year bank CD: DollarSavingsDirect – 5.00% APY
- Early withdrawal penalty: 6 months of interest
- About: DollarSavingsDirect is FDIC-insured as an online division of Emigrant Bank, which dates back to 1850. Emigrant Bank is headquartered in New York.
Best 4-year bank CD: Seattle Bank – 4.55% APY
- Early-withdrawal penalty: 6 months of interest
- About: Established in 1999, Seattle Bank serves online customers across the country and operates a branch in downtown Seattle.
Best 5-year bank CD: First Internet Bank – 4.55% APY
- Early withdrawal penalty: 12 months of interest
- About: First Internet Bank is so named because it claims to be the first FDIC-insured bank to operate exclusively online. Founded in 1999, it is based in the Indianapolis suburb of Fishers, Ind.
Fast Fact
When asked in March what they would invest in if they had an extra $10,000, 8% of Investopedia readers said they would open a CD, in fourth place behind individual stocks, ETFs, and stock index funds. That’s down from 11% in December and 9% in January. The change likely comes as stock markets have closed at new highs in 2024, with the S&P 500 closing out its best first quarter of the year since 2019. While investors may be more interested in stocks than in CDs right now, CDs are always a good option for those looking for safer investments.
Pros and Cons of Bank CDs
Often pay higher APYs than liquid accounts
Offer a fixed, guaranteed rate
Are virtually risk-free
Can help deter spending
Incur a penalty for early withdrawal
If rates rise, you may regret being locked into your APY
Typically return less than other investments
Only allow one deposit
Pros Explained
- Often pay higher APYs than liquid accounts: In exchange for you keeping your money on deposit for a specified period of time, banks generally pay higher annual percentage yields (APYs) on CDs than on savings and money market accounts.
- Offer a fixed, guaranteed rate: The annual percentage yield (APY) that you sign up for when opening the CD will be fixed for the full term. The bank cannot alter it.
- Are virtually risk-free: By opening a CD at an FDIC-insured bank, you are federally protected on up to $250,000 of your deposits, in the unlikely case that the bank fails.
- Can help deter spending: Funds committed to a CD cannot be withdrawn early without a penalty, making CDs a good vehicle for keeping, rather than spending, your savings.
Cons Explained
- Incur a penalty for early withdrawal: If you need to withdraw your money before the CD's maturity date, the bank will impose an early withdrawal penalty that will reduce your earnings.
- If rates rise, you may regret being locked into your APY: If the interest rate environment improves after you buy a CD, you may wish you had committed later, when you could have earned a higher rate.
- Typically return less than other investments: The earnings on CDs are modest compared to what you can potentially earn by investing in the stock market, though stock investments are much riskier and not guaranteed to provide a return during your time horizon.
- Only allow one deposit: Unlike a savings account where you can continue to make deposits whenever you like, CDs allow just a single investment at the time when you open the account.
Compare the Best Bank CDs
Ranked below are the top 15 or more APYs on nationally available CDs from banks with minimum deposits of no more than $25,000. In the case of ties, we rank them first by the shortest available term, then by the lowest minimum deposit, and finally by the smallest early withdrawal penalty.
Institution | Rate (APY) | Term | Minimum Deposit | Early Withdrawal Penalty |
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Newtek Bank | 5.55% | 6 months | $2,500 | 3 months of interest |
My Banking Direct | 5.50% | 5 months | $2,500 | 1 month of interest |
TotalDirectBank | 5.45% | 6 months | $25,000 | 1 month of interest |
TotalDirectBank | 5.42% | 3 months | $25,000 | 1 month of interest |
MutualOneBank | 5.40% | 6 months | $500 | 3 months of interest |
NexBank | 5.40% | 12 months | $25,000 | 6 months of interest |
Northern Bank Direct | 5.40% | 15 months | $500 | 12 months of interest |
CIBC Agility | 5.36% | 12 months | $1,000 | 1 month of interest |
CIBC Agility | 5.36% | 13 months | $1,000 | 1 month of interest |
Home Savings Bank | 5.35% | 6 months | $5,000 | 3 months of interest |
NexBank | 5.35% | 12 months | $10,000 | 6 months of interest |
TotalDirectBank | 5.35% | 12 months | $25,000 | 3 months of interest |
Climate First Bank | 5.34% | 6 months | $500 | None |
Rising Bank | 5.31% | 6 months | $1,000 | 3 months of interest |
CFG Bank | 5.31% | 12 months | $500 | 6 months of interest |
First Internet Bank | 5.31% | 12 months | $1,000 | 6 months of interest |
Banesco USA | 5.30% | 3 months | $1,500 | 3 months of interest |
Popular Direct | 5.30% | 3 months | $10,000 | 3 months of interest |
Prime Alliance Bank | 5.30% | 6 months or 12 months | $500 | 1 month of interest |
ableBanking | 5.30% | 6 months | $5,000 | 3 months of interest |
Popular Direct | 5.30% | 6 months | $10,000 | 4 months of interest |
Capitol Federal Savings Bank | 5.30% | 8 months | $1,000 | 3 months of interest |
Forbright Bank | 5.30% | 9 months | $1,000 | 3 months of interest |
Northpointe Bank | 5.30% | 11 months | $25,000 | 3 months of interest |
Colorado Federal Savings Bank | 5.30% | 12 months | $5,000 | 3 months of interest |
Home Savings Bank | 5.30% | 12 months | $5,000 | 3 months of interest |
My eBanc | 5.30% | 12 months | $5,000 | 3 months of interest |
Alternatives to Bank CDs
High-Yield Savings and Money Market Accounts
Stashing your cash in a savings or money market account offers much more flexibility than a CD, letting you add and withdraw funds as you like. The trade-off is that interest rates on liquid accounts can change at any time. So if rates are declining, the annual percentage yield on your high-yield savings or money market account will almost certainly go down, while any rate on a CD will hold.
Also, liquid accounts don't always offer as high of a return as CDs. So committing your funds to a CD can usually boost your earnings by a substantial margin.
Treasuries
Another possible investment for your cash is a bond offered by the U.S. Treasury. Treasury notes are very similar to CDs in that the rate is typically predictable if you hold the bond until maturity. They are also backed by the federal government, so like CDs, they are exceptionally safe.
U.S. Treasury I bonds are another option. But their fixed rate is only known for six months at a time, with the rate being adjusted twice a year based on the current inflation rate (hence the name I bonds). Like CDs, I bonds have an early withdrawal penalty, but it's a relatively mild three months' worth of interest. But unlike a CD, you cannot for any reason cash in an I bond during its first 12 months.
Bonds & Bond Funds
Diversified bond funds are another idea, as they can potentially return quite a bit more than a fixed-rate CD. Of course, there's always a risk that bond returns could be negative from one year to the next, so the longer your time horizon, the less risky an investment in bonds would be. If you're considering a relatively short CD term, like 1 to 2 years, or even less, then bonds represent a much riskier option than a CD, with no guarantee of delivering a return.
Equities
If your time horizon for investing is several years long, you could instead consider investing in equities, or stocks. The upside is that you could potentially earn quite a bit more in the stock market than with a fixed CD rate. But the significant downside is that you can always lose money on equities, including scenarios where you lose most of your investment. So while CDs won't return as much as stocks that are doing well, on the flip side, CDs are guaranteed to grow with no risk of you losing your initial principal.
How To Open a Bank CD
Opening a certificate of deposit generally follows the same steps as opening any new bank account, and the number of steps involved depends on whether you are a new customer of the bank or an established one.
You’ll first need to fill out an application. You can usually do this online, but you can do it in-branch if you’re opening the certificate at a bank that operates in your community. Some banks also allow you to send paper applications via U.S. mail. If you’re not already a customer of the bank, you’ll need to prove your identity with photo identification. And you’ll be presented with various written account terms and disclosures that you’ll need to sign off on.
Just like with a savings or checking account, you’ll be offered various options for making your initial deposit, whether that’s at the time of account opening or slightly later. Most banks offer transfers from another account at that bank, an external transfer from another bank, or a check that’s mailed in or submitted via mobile deposit. Just remember that you can only make one deposit to the CD, so choose your amount carefully.
As soon as you’ve completed the account opening process, it’s smart to put a reminder on your calendar a month or two before the CD will mature. That way you can think ahead about what you want to do with the money when it becomes available, and can also watch your mail for a notice from your bank about how to convey your CD maturity instructions.
Frequently Asked Questions
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What Is a Bank CD?
A certificate of deposit account is simply another deposit product available at banks, alongside savings, money market, and checking accounts. But instead of depositing money that you can withdraw from or add to whenever you want, you can generally only make a single initial deposit to a CD. When you open one, you're making an agreement to keep your funds in the account without withdrawals for an established period of time, known as the CD term.
The trade-off to committing your funds is that you are able to lock in your interest rate. While a savings account rate can change whenever the bank sees fit, opening a CD involves the bank making a written promise on the interest rate it’ll pay you for the duration of the term.
CDs are typically offered in standard maturity terms from 1 month to 10 years, with the most common terms ranging from 6 months to 5 years. But note that a bank can offer a CD in any term it wants. In fact, sometimes the top national rate is for an odd-term certificate—say, 5 months or 19 months—that is being offered as a limited-time promotion.
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How Much Do CDs Pay?
CDs generally pay more than more-liquid savings and money market accounts. That is, in exchange for your commitment to keep the funds in place, the bank will pay you more than it pays savings account holders.
Banks also typically pay a higher rate for longer commitments, because they mean the bank can count on that money being in place for a longer period of time. So typically, 5-year CDs pay a higher rate than 1-year CDs.
A higher initial deposit can also sometimes earn a more lucrative return, such as with jumbo CDs requiring $50,000, $100,000, or even $250,000. But many banks don’t offer jumbo tiers, and even when they do, the incremental rate improvement is often fairly small.
The FDIC calculates a weekly national average for various CD terms across all 4,000-plus FDIC banks. Though the average represents a fairly low yield, it’s fortunately easy to earn many times that by simply doing your homework to find the best current rates.
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Are Online Bank CDs Safe?
Traditional banks have been offering CDs for decades. But the banking environment has changed with the advent of the internet. Online banks now pepper the banking landscape, as do internet-only divisions of brick-and-mortar institutions.
The good news for CD shoppers is that the type of bank offering the CD is of little importance, so long as you verify that it’s FDIC-insured. That’s because internet banks are approved, regulated, and insured in just the same way that physical banks are. So whether you deposit $25,000 in a CD at a local branch of a bank in your community, or in a bank that operates only online with no branches at all, your money is equally protected.
This is especially fortunate when you learn that online banks are often among the top-paying CD banks. Given their lack of physical branches, internet banks operate with lower overhead and are therefore generally able to pay higher rates to their customers.
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What If I Need My Money Early?
You can withdraw your money early, but it will cost you. While it’s true that locking your funds into a CD is the reason you can earn a higher return than with other savings accounts, it’s not impossible to withdraw your money early should you need to. Of course, doing so carries financial consequences, but the option is available if the need arises.
Every bank is required to have an established early withdrawal penalty policy, and as a potential CD depositor, you should review the policy before you commit to a CD. The most common way banks penalize you is by deducting a certain number of months of interest payments from your balance at the time of early withdrawal. Often, the longer the CD term the more months' worth of interest you'll lose.
Each bank can set its own policy, and the penalties vary widely. Though some are mild, others are quite onerous, with some policies even potentially reducing your principal. For this reason, it’s critically important to investigate the early withdrawal penalty policy for any bank CD you’re considering, and when comparing two otherwise similar certificates, choose the one with the milder penalty.
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Why Do Shorter CDs Sometimes Pay More Than Longer Ones?
The longer you’ve agreed to hold your CD funds on deposit without touching them, the more cost-effective it is for the bank. That’s why, in theory, banks are willing to pay you more for longer commitments than short ones.
However, many other factors come into play regarding a particular bank’s deposit strategy. The bank must take into account several things: what it expects to happen to national rates in coming months and years, how much in deposit assets it needs to fund the lending side of its business, and how much in certificate balances it already has on hand for different maturities.
If rates are expected to decline in the future, banks may again offer a better APY on shorter terms, and lower yields on long CDs. That's because they don't want to be stuck paying a higher rate for a lengthy period if the current interest rates are much shorter.
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Why Don't I See My Bank in Your List?
You typically won't see big names like Chase, Bank of America, or Wells Fargo in our list of the best high-yield savings accounts. While we do monitor their rates, they usually aren't high enough to make our ranking. That's because large banks typically don't need to attract deposits in the way that smaller institutions do, so their rates tend to be lower. You will sometimes see one of the top 25 U.S. banks in our rankings, such as Citi, BMO, or Ally Bank, as these institutions do occasionally offer competitive high-yield rates.
Some banks you may be looking for that we track, but that don't make our list, are Marcus by Goldman Sachs, SoFi, Synchrony Bank, CIBC Bank USA, LendingClub, Bread Savings, FNBO Direct, and Citizens Access.
Still other institutions may not appear in our ranking because they don't meet our qualification criteria, such as by not being available to customers in at least 40 states, significantly limiting the balance on which you can earn the high-yield APY, or not offering what qualifies as a high yield rate. These include U.S. Bank, PNC, Varo, American Airlines Federal Credit Union, Delta Community Credit Union, Boeing Employees' Credit Union, Bethpage Federal Credit Union, and Western Alliance Bank.
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Financial Institutions We Review
We researched and reviewed more than 250 banks, credit unions, and financial institutions to find the best CD rates you see above on this list. While we write individual reviews for most, we do not always write reviews for those we would not recommend. Below are the banks, credit unions, and financial institutions we researched along with links to individual company reviews to help you learn more before making a decision:
1st Source Bank, 5star Bank, ableBanking, Abound Credit Union, Achieva Credit Union, Affinity Federal Credit Union, Affinity Plus Federal Credit Union, Air Force Federal Credit Union, Alabama Credit Union, Allegacy Federal Credit Union, Alliant Credit Union, Ally Bank, Amerant Bank, American 1 Credit Union, American Express, American Heritage Credit Union, Andrews Federal Credit Union, Apple Federal Credit Union, Banco do Brasil Americas, Banesco USA, Bank of Baroda, Bank5 Connect, Bank7, Texas Capital Bank, bankESB (Easthampton Savings Bank), BankUnitedDirect, Barclays, BBVA Bank, Bellco Credit Union, Blue Federal Credit Union, BMO, BMO Alto, BrioDirect, Cadets Federal Credit Union, California Coast Credit Union, Capital One, Capitol Federal Savings Bank, CD Bank, CFG Bank, Chase Bank, Chevron Federal Credit Union, CIBC (Agility Banking), CIT Bank, Citibank, Citizens Access, Citizens Trust Bank, Colorado Federal Savings Bank, Bread Savings, Communitywide Federal Credit Union, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Corporate America Federal Credit Union (CAFCU), Credit Union of Denver, Credit Union of the Rockies, Digital, Federal Credit Union, Discover Bank, DollarSavingsDirect, Dover Federal Credit Union, Dow Credit Union, Evergreen Bank Group, RocklandTrust Bank, Elements Financial, EmigrantDirect.com, Liberty Federal Credit Union, Fidelity Investments, Financial Partners Credit Union, Financial Resources Federal Credit Union, First Financial Credit Union, First Financial Northwest Bank, First Internet Bank, First National Bank of America, First Technology Federal Credit Union, Fort Bragg Federal Credit Union, Garden Savings Federal Credit Union, Georgia Banking Company, Georgia's Own Credit Union, GreenState Credit Union, Greenwood Credit Union, Grow Financial Federal Credit Union, GTE Financial, Gulf Coast Bank & Trust Company, Hanscom Federal Credit Union, Heritage Bank, Hiway Federal Credit Union, Home Loan Investment Bank, Home Savings Bank, Hope Credit Union, HSBC Direct, Hughes Federal Credit Union, Hyperion Bank, Ideal Credit Union, iGObanking, Interior Federal Credit Union, Justice Federal Credit Union, Kinecta Federal Credit Union, KS State Bank, La Capitol Federal Credit Union, Lafayette Federal Credit Union, Lake Michigan Credit Union, Langley Federal Credit Union, Latino Community Credit Union, Limelight Bank, Live Oak Bank, Luther Burbank Savings, MYSB Direct, MAC Federal Credit Union, Main Street Bank, MainStreet Bank, MapleMark Bank, Marcus by Goldman Sachs, Market USA Federal Credit Union, Matadors Community Credit Union, MECU Credit Union, Merrick Bank, Michigan State University Federal Credit Union, Mills42 Federal Credit Union, Mountain America Credit Union, MTC Federal Credit Union, MutualOne Bank, My Banking Direct, My eBanc, My Savings Direct, NASA Federal Credit Union, Nationwide by Axos Bank, Navy Federal Credit Union, nbkc, NexBank, North Country Savings Bank, Northern Bank Direct, Northfield Bank, Northpointe Bank, Nuvision Federal Credit Union, Oklahoma Central Credit Union, One American Bank, OneUnited Bank, Pacific National Bank, Paramount Bank, PARDA Federal Credit Union, Partner Colorado Credit Union, Patelco Credit Union, Pen Air Federal Credit Union, PenFed Credit Union, People's Credit Union, First Service Credit Union, Pinnacle Federal Credit Union, Popular Direct, Premier America Credit Union, Presidential Bank, FSB, Prime Alliance Bank, PSECU (Pennsylvania State Employees Credit Union), Quontic Bank, Quorum Federal Credit Union, Rising Bank, Merrimack Valley Credit Union, Salal Credit Union, Sallie Mae Bank, Santa Clara County Federal Credit Union, Signature Federal Credit Union, Spectrum Credit Union, SRP Federal Credit Union, State Bank of India Chicago, State Bank of India New York, State Bank of Texas, State Department Federal Credit Union, Summit Credit Union, Sun East Federal Credit Union, Superior Choice Credit Union, Synchrony Bank, TAB Bank, Teachers Federal Credit Union, Technology Credit Union, The Federal Savings Bank, Third Federal Savings & Loan, EverBank, TotalDirectBank, Transportation Federal Credit Union, TruStone Financial Credit Union, UNIFY Financial Credit Union, Expedition Credit Union, United States Senate Federal Credit Union, United Texas Bank, University Federal Credit Union, US Bank, USAlliance Financial, USPS Federal Credit Union, Velocity Credit Union, VeraBank, Vio Bank, Virtual Bank, WebBank, Webster Bank, Wells Fargo, Western Vista Credit Union, Wings Financial Credit Union, XCEL Federal Credit Union, BankPurely, Umbrella Bank, giantbank.com, CapEd Credit Union, Zeal Credit Union, Finworth, Coastal1 Credit Union, Service Credit Union, National Cooperative Bank, Premier Members Credit Union, Bank of America, Flagstar Bank, 1st MidAmerica Credit Union, INOVA Federal Credit Union, Genisys Credit Union, Ivy Bank, Heartland Credit Union, Luana Savings Bank, Spectra Credit Union, Workers Credit Union, Credit Human, EFCU Financial, Poppy Bank, Credit One Bank, Vibrant Credit Union, CFBank, Department of Commerce Federal Credit Union, Seattle Bank, Crescent Bank, Pima Federal Credit Union, Cross River Bank, USAA, Great River Federal Credit Union, Brilliant Bank, Merchants Bank of Indiana, LendingClub, Chartway Credit Union, First Central Savings Bank, AgFed Credit Union, North American Savings Bank, Pelican State Credit Union, First Community Credit Union, Bask Bank, Skyla Credit Union, SkyOne Federal Credit Union, 3Rivers Federal Credit Union, Utah First Credit Union, Pasadena Federal Credit Union, Magnifi Financial, AloStar, Primis Bank, Farmers Insurance Federal Credit Union, Tampa Bay Federal Credit Union, Veridian Credit Union, Republic Bank, Salem Five Direct, All In Credit Union, Bethpage Federal Credit Union, Self-Help Federal Credit Union, Forbright Bank, Jovia Financial Credit Union, Sun Canyon Bank, Fortera Credit Union, Partners 1st Federal Credit Union, SouthEast Bank, American Bank, Newtek Bank, CBC Federal Credit Union, Vanguard, All America Bank, Amalgamated Bank, Citizens State Bank, AmBoy Direct, Republic Bank of Chicago, Oklahoma Community Credit Union, BluPeak Credit Union, Valley Direct, Bayer Heritage Federal Credit Union, First Harvest Credit Union, Orion Federal Credit Union, Wellby Financial, FedChoice Federal Credit Union, CoVantage Credit Union, Choice First Bank, Sandia Area Federal Credit Union, OMB Bank, Minnequa Works Credit Union, Securityplus Federal Credit Union, Bank of South Texas, T Bank
Rate Collection Methodology Disclosure
Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide, and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, banks must be federally insured by the FDIC, and the CD's minimum initial deposit must not exceed $25,000. The banks must also be available in at least 40 states. For more about how we choose the best rates, read our full methodology.
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