Generally, you’ll receive a Form 1099-INT each year if you earn more than $10 interest, if there is withholding or if there is a penalty. This will generally be taxed as ordinary income, according to the IRS. For instance, a CD customer with a multi-year CD should receive a 1099-INT from their bank after each year interest is earned if at least $10 of interest was earned during a calendar year.

Your CD is safe at either an FDIC-insured bank or an NCUSIF-insured credit union, as long as the amount of money in the account is within the established limits and guidelines. Federally insured deposit accounts are safe whether they’re at online banks, brick-and-mortar banks or credit unions since they’re backed by the full faith and credit of the U.S. government. Just make sure you’re not exceeding the insurance limits. For federally-insured banks and credit unions, the standard insurance limit is $250,000 per depositor or share owner, per insured bank or credit union, for each account ownership category.

Are there fees associated with CDs?

CDs generally have an early withdrawal penalty for taking your money out before the CD matures. No-penalty CDs are the exception, though they may also impose a penalty if the funds are withdrawn during the first six or seven days after the account is opened.

What is considered a good CD rate?

A good CD rate depends on a few factors, but the true answer depends on your personal financial situation. If you need to access your money in a year, for example, your best CD options will be those with a one-year term or less. If you’re able to lock up your money for longer, you may be able to achieve a higher yield with a longer-term CD. In general, longer terms may pay better yields. Knowing for sure that you won’t need your cash for a specific amount of time also typically allows you to earn a higher rate. The bank is willing to pay you more for the certainty that your money will remain in its hands for the designated length of time. Compare CD rates to the national average to make sure you’re getting a competitive return. For example, the national average APY for 1-year CDs is [sc code='wealth_historical_rates' product_type='CD' term='12' time_frame='week'] percent as of [sc code='current_date' format='M. d, Y'], while some top-yielding banks are currently offering APYs higher than 5 percent.

Is an online bank the best choice for a CD?

Online banks tend to offer higher APYs than brick-and-mortar banks. These online-only institutions typically have lower overhead costs and are able to pass the savings along to their customers in the form of higher rates. In addition, unlike your bank located on the corner of Main Street, online banks may need a higher APY to get your attention and earn your business.

How long can you leave money in a CD?

You can keep your money in a CD and let it renew over and over. CDs generally automatically renew. However, unclaimed CDs can be escheated — or transferred from an estate to the government — subject to each state’s laws. To avoid your CD being escheated due to being considered abandoned property, be sure to keep in touch with your bank and keep a valid mailing address on file.

Do CDs have beneficiaries?

Banks give account holders with CDs the opportunity to name a beneficiary, which is a person who will inherit your savings in the event that you die. While naming a beneficiary for your CD may be the last thing on your mind, experts say it’s an important step to take. If you don’t have a beneficiary designated to receive the funds in your CD, your savings will go through probate, which is the court process for deciding what happens to the property of an individual after their death.

Can you lose money on a CD?

As long as your CD is at an FDIC-insured bank or an NCUA credit union and it’s within insurance limits and guidelines, you won’t lose money with a CD. You may lose some of your interest — and potentially some of your principal — by making an early withdrawal, however.

Best CD rates for April 2024 (Up to 5.40%)

Written by

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Reviewed by

Edited by

Reviewed by

Updated April 15, 2024

Editorial note: While our partners compensate us from links on this page, we maintain editorial integrity, and partners don't influence our product evaluations. Here's how we make money and here is our advertiser disclosure.

Certificates of deposit (CDs) can be an ideal account to allocate some of your savings, especially if you’re looking for a fixed APY. Bankrate’s list of top-yielding CD rates are much higher than today's national average yield of 1.73 percent for a one-year CD.

Bankrate provides you with timely news and rate information on top yielding CDs for some of the most popular, and largest, FDIC-insured banks and NCUA-insured credit unions. This way you don’t have to spend time searching many bank and credit union websites. Since 1976, Bankrate has been a trusted source of banking information to help you make well-informed decisions on your finances.

Before opening a certificate of deposit, be sure to read expert advice and tips below to ensure a financially safe decision. Here are Bankrate's top picks for banks with the best CD rates.

Barclays Bank — 6 months - 5 years, 3.50% – 5.30% APY, no minimum deposit
America First Credit Union — 3 months - 5 years, 4.20% – 5.30% APY, $500 minimum deposit
Popular Direct — 3 months - 5 years, 4.30% – 5.30% APY, $10,000 minimum deposit
Vio Bank — 6 months - 5 years, 2.75% – 5.25% APY, $500 minimum deposit
Synchrony Bank — 3 months - 5 years, 0.25% – 5.15% APY, no minimum deposit
Capital One — 6 months - 5 years, 3.90% – 5.10% APY, no minimum deposit
Quontic Bank — 6 months - 5 years, 4.30% – 5.05% APY, $500 minimum deposit
Marcus by Goldman Sachs — 6 months - 5 years, 4.00% – 5.00% APY, $500 minimum deposit
Citizens Access — 1 year - 5 years, 3.35% – 5.00% APY, $5,000 minimum deposit
Sallie Mae Bank — 6 months - 5 years, 4.00% – 4.95% APY, $2,500 minimum deposit

Note: Annual percentage yields (APYs) shown were updated between April 8 and April 14. All other information is current as of April 15. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

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Current 1 year CD trends

Bankrate Partner average

4.92% APY

National average

1.73% APY

CD rates

CD IRA rates

No penalty CD rates

Min. term length

Max. term length

Best CD rates from top banks for April 2024

Barclays Bank

4.8

Overview

Barclays is an online bank popular for its credit cards, but it also offers CDs and an online savings account. Barclays offers nine terms of CDs ranging from three months to five years.

Read Bankrate's Expert Barclays Bank Review

3.50% – 5.30% APY

$0 minimum deposit

6 months - 5 years

Term	APY	Min. deposit
6 months	5.00% APY	$0
1 year	5.00% APY	$0
18 months	4.50% APY	$0
2 years	4.00% APY	$0
3 years	3.50% APY	$0
4 years	3.50% APY	$0
5 years	3.75% APY	$0

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Barclays Bank

APY

National average APY

Term length

How do we get this data?

Barclays Bank CD rates

Term length

Date	Barclays Bank APY	National average APY
04/12/2024	3.75%	1.41%
04/09/2024	3.75%	1.41%
04/02/2024	3.75%	1.41%
03/26/2024	3.75%	1.43%
03/19/2024	3.75%	1.43%
03/12/2024	3.75%	1.43%
02/27/2024	3.75%	1.42%
02/20/2024	3.75%	1.42%
02/13/2024	3.75%	1.42%
02/06/2024	4.15%	1.42%
01/30/2024	4.15%	1.43%
01/23/2024	4.15%	1.43%
01/16/2024	4.15%	1.43%
01/09/2024	4.15%	1.43%
01/02/2024	4.15%	1.43%
12/26/2023	4.15%	1.43%
12/22/2023	4.15%	1.43%
12/12/2023	4.50%	1.43%
12/05/2023	4.50%	1.43%
11/28/2023	4.50%	1.45%
11/21/2023	4.50%	1.45%
11/14/2023	4.50%	1.45%
11/07/2023	4.50%	1.45%
10/31/2023	4.50%	1.46%
10/24/2023	4.50%	1.46%
10/17/2023	4.50%	1.46%
10/10/2023	4.50%	1.46%
10/03/2023	4.50%	1.46%
09/26/2023	4.50%	1.43%
09/19/2023	4.50%	1.43%
09/12/2023	4.50%	1.43%
09/05/2023	4.50%	1.43%
08/29/2023	4.50%	1.38%
08/22/2023	4.50%	1.38%
08/15/2023	4.50%	1.38%
08/08/2023	4.50%	1.38%
08/01/2023	4.50%	1.38%
07/25/2023	4.50%	1.35%
07/18/2023	4.50%	1.35%
07/17/2023	4.50%	1.35%
07/11/2023	4.50%	1.35%
07/10/2023	4.50%	1.35%
07/04/2023	4.35%	1.35%
07/01/2023	4.35%	1.35%
06/27/2023	4.35%	1.33%
06/20/2023	4.35%	1.33%
06/16/2023	4.35%	1.33%
06/13/2023	4.20%	1.33%
06/06/2023	4.20%	1.33%
06/01/2023	4.20%	1.33%
05/30/2023	4.50%	1.30%
05/23/2023	4.50%	1.30%
05/16/2023	4.50%	1.30%
05/09/2023	4.50%	1.30%
05/02/2023	4.50%	1.30%
04/25/2023	4.50%	1.30%
04/18/2023	4.50%	1.30%

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Barclays Bank

APY

National average APY

Term length

How do we get this data?

Barclays Bank CD rates

Term length

Date	Barclays Bank APY	National average APY
04/12/2024	3.75%	1.41%
04/09/2024	3.75%	1.41%
04/02/2024	3.75%	1.41%
03/26/2024	3.75%	1.43%
03/19/2024	3.75%	1.43%
03/12/2024	3.75%	1.43%
02/27/2024	3.75%	1.42%
02/20/2024	3.75%	1.42%
02/13/2024	3.75%	1.42%
02/06/2024	4.15%	1.42%
01/30/2024	4.15%	1.43%
01/23/2024	4.15%	1.43%
01/16/2024	4.15%	1.43%
01/09/2024	4.15%	1.43%
01/02/2024	4.15%	1.43%
12/26/2023	4.15%	1.43%
12/22/2023	4.15%	1.43%
12/12/2023	4.50%	1.43%
12/05/2023	4.50%	1.43%
11/28/2023	4.50%	1.45%
11/21/2023	4.50%	1.45%
11/14/2023	4.50%	1.45%
11/07/2023	4.50%	1.45%
10/31/2023	4.50%	1.46%
10/24/2023	4.50%	1.46%
10/17/2023	4.50%	1.46%
10/10/2023	4.50%	1.46%
10/03/2023	4.50%	1.46%
09/26/2023	4.50%	1.43%
09/19/2023	4.50%	1.43%
09/12/2023	4.50%	1.43%
09/05/2023	4.50%	1.43%
08/29/2023	4.50%	1.38%
08/22/2023	4.50%	1.38%
08/15/2023	4.50%	1.38%
08/08/2023	4.50%	1.38%
08/01/2023	4.50%	1.38%
07/25/2023	4.50%	1.35%
07/18/2023	4.50%	1.35%
07/17/2023	4.50%	1.35%
07/11/2023	4.50%	1.35%
07/10/2023	4.50%	1.35%
07/04/2023	4.35%	1.35%
07/01/2023	4.35%	1.35%
06/27/2023	4.35%	1.33%
06/20/2023	4.35%	1.33%
06/16/2023	4.35%	1.33%
06/13/2023	4.20%	1.33%
06/06/2023	4.20%	1.33%
06/01/2023	4.20%	1.33%
05/30/2023	4.50%	1.30%
05/23/2023	4.50%	1.30%
05/16/2023	4.50%	1.30%
05/09/2023	4.50%	1.30%
05/02/2023	4.50%	1.30%
04/25/2023	4.50%	1.30%
04/18/2023	4.50%	1.30%

- Barclays offers competitive yields on most of its CD terms. Also, the bank doesn’t require a minimum opening deposit.
- Barclays, like many other online-based banks, isn't a full-service banking institution. It doesn't have a checking account, ATM network, mobile app or branch locations. The bank’s yields on CDs with a term of less than a year weren’t competitive at the time of Bankrate’s review.

America First Credit Union

5.0

Overview

America First Credit Union offers a wide range of CD terms between three and 60 months, and all earn rates that are highly competitive. Also offered are specialty CDs such as a bump-rate CD and a flexible CD. All CDs require a manageable minimum opening deposit.

Read Bankrate's Expert America First Credit Union Review

4.20% – 5.30% APY

$500 minimum deposit

3 months - 5 years

Term	APY	Min. deposit
6 months	5.00% APY	$0
1 year	5.00% APY	$0
18 months	4.50% APY	$0
2 years	4.00% APY	$0
3 years	3.50% APY	$0
4 years	3.50% APY	$0
5 years	3.75% APY	$0

Term	APY	Min. deposit
3 months	5.25% APY	$500
6 months	5.25% APY	$500
9 months	5.25% APY	$500
1 year	5.30% APY	$500
18 months	4.50% APY	$500
2 years	4.50% APY	$500
30 months	4.20% APY	$500
3 years	4.35% APY	$500
4 years	4.20% APY	$500
5 years	4.20% APY	$500

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

America First Credit Union

APY

National average APY

Term length

How do we get this data?

America First Credit Union CD rates

Term length

Date	America First Credit Union APY	National average APY
04/09/2024	4.20%	1.41%
04/02/2024	4.20%	1.41%
03/26/2024	4.20%	1.43%
03/19/2024	4.20%	1.43%
03/12/2024	4.20%	1.43%
02/27/2024	4.20%	1.42%
02/20/2024	4.20%	1.42%
02/13/2024	4.20%	1.42%
02/06/2024	4.20%	1.42%
01/30/2024	4.20%	1.43%
01/23/2024	4.20%	1.43%
01/16/2024	4.20%	1.43%
01/09/2024	4.20%	1.43%
01/02/2024	4.20%	1.43%
12/26/2023	4.20%	1.43%
12/12/2023	4.20%	1.43%
12/05/2023	4.20%	1.43%
11/28/2023	4.20%	1.45%
11/21/2023	4.20%	1.45%
11/14/2023	4.20%	1.45%
11/07/2023	4.20%	1.45%
10/31/2023	4.10%	1.46%
10/24/2023	4.10%	1.46%
10/17/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%
05/30/2023	4.00%	1.30%
05/23/2023	4.00%	1.30%
05/16/2023	4.00%	1.30%
05/09/2023	4.00%	1.30%
05/02/2023	4.00%	1.30%
04/25/2023	4.00%	1.30%
04/18/2023	4.00%	1.30%

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

America First Credit Union

APY

National average APY

Term length

How do we get this data?

America First Credit Union CD rates

Term length

Date	America First Credit Union APY	National average APY
04/09/2024	4.20%	1.41%
04/02/2024	4.20%	1.41%
03/26/2024	4.20%	1.43%
03/19/2024	4.20%	1.43%
03/12/2024	4.20%	1.43%
02/27/2024	4.20%	1.42%
02/20/2024	4.20%	1.42%
02/13/2024	4.20%	1.42%
02/06/2024	4.20%	1.42%
01/30/2024	4.20%	1.43%
01/23/2024	4.20%	1.43%
01/16/2024	4.20%	1.43%
01/09/2024	4.20%	1.43%
01/02/2024	4.20%	1.43%
12/26/2023	4.20%	1.43%
12/12/2023	4.20%	1.43%
12/05/2023	4.20%	1.43%
11/28/2023	4.20%	1.45%
11/21/2023	4.20%	1.45%
11/14/2023	4.20%	1.45%
11/07/2023	4.20%	1.45%
10/31/2023	4.10%	1.46%
10/24/2023	4.10%	1.46%
10/17/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%
05/30/2023	4.00%	1.30%
05/23/2023	4.00%	1.30%
05/16/2023	4.00%	1.30%
05/09/2023	4.00%	1.30%
05/02/2023	4.00%	1.30%
04/25/2023	4.00%	1.30%
04/18/2023	4.00%	1.30%

- CD rates from America First are highly competitive. Specialty CDs are available, including a bump-up option. Both the standard and specialty CDs require low minimum deposits.
- The bump-rate CD cannot be opened online.

Popular Direct

4.0

Overview

Popular Direct is an online bank and a subsidiary of Popular Inc., a more than 120-year-old financial services company. Popular Direct was previously known as Banco Popular North America.

Popular Direct offers CDs in eight terms ranging from three months to five years. With a $10,000 minimum deposit to open, these CDs are geared toward serious savers. Interest compounds daily. Popular Direct doesn’t offer specialty CDs, such as bump-up or no-penalty CDs. It does offer a savings account with a competitive rate.

Read Bankrate's Expert Popular Direct Review

4.30% – 5.30% APY

$10,000 minimum deposit

3 months - 5 years

Term	APY	Min. deposit
6 months	5.00% APY	$0
1 year	5.00% APY	$0
18 months	4.50% APY	$0
2 years	4.00% APY	$0
3 years	3.50% APY	$0
4 years	3.50% APY	$0
5 years	3.75% APY	$0

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Popular Direct

APY

National average APY

Term length

How do we get this data?

Popular Direct CD rates

Term length

Date	Popular Direct APY	National average APY
04/09/2024	4.30%	1.41%
04/02/2024	4.30%	1.41%
03/26/2024	4.30%	1.43%
03/19/2024	4.35%	1.43%
03/12/2024	4.45%	1.43%
02/27/2024	4.45%	1.42%
02/20/2024	4.45%	1.42%
02/13/2024	4.45%	1.42%
02/06/2024	4.45%	1.42%
01/30/2024	4.45%	1.43%
01/23/2024	4.35%	1.43%
01/16/2024	4.40%	1.43%
01/09/2024	4.40%	1.43%
01/02/2024	4.50%	1.43%
12/26/2023	4.60%	1.43%
12/12/2023	4.65%	1.43%
12/05/2023	4.70%	1.43%
11/28/2023	4.70%	1.45%
11/21/2023	4.70%	1.45%
11/14/2023	4.70%	1.45%
11/07/2023	4.65%	1.45%
10/31/2023	4.65%	1.46%
10/24/2023	4.65%	1.46%
10/17/2023	4.65%	1.46%
10/10/2023	4.65%	1.46%
10/03/2023	4.65%	1.46%
09/26/2023	4.65%	1.43%
09/19/2023	4.65%	1.43%
09/12/2023	4.65%	1.43%
09/05/2023	4.60%	1.43%
08/29/2023	4.60%	1.38%
08/22/2023	4.60%	1.38%
08/15/2023	4.60%	1.38%
08/08/2023	4.60%	1.38%
08/01/2023	4.60%	1.38%
07/25/2023	4.60%	1.35%
07/18/2023	4.60%	1.35%
07/11/2023	4.55%	1.35%
07/04/2023	4.53%	1.35%
06/27/2023	4.53%	1.33%
06/20/2023	4.53%	1.33%
06/13/2023	4.53%	1.33%
06/06/2023	4.53%	1.33%
05/30/2023	4.50%	1.30%
05/23/2023	4.50%	1.30%
05/16/2023	4.50%	1.30%
05/09/2023	4.50%	1.30%
05/02/2023	4.50%	1.30%
04/25/2023	4.50%	1.30%
04/18/2023	4.50%	1.30%

Popular Direct consistently offers competitive rates across their CDs and savings accounts.
Popular Direct has a $10,000 minimum deposit to open. They also don't offer specialty CDs like bump-up or no-penalty CDs.

Term	APY	Min. deposit
3 months	5.25% APY	$10,000
6 months	5.30% APY	$10,000
1 year	5.15% APY	$10,000
18 months	4.90% APY	$10,000
2 years	4.70% APY	$10,000
3 years	4.55% APY	$10,000
4 years	4.35% APY	$10,000
5 years	4.30% APY	$10,000

Vio Bank

4.6

Overview

Vio Bank offers traditional CDs with terms ranging from six months to 10 years, an extensive variety compared to some other banks. The minimum deposit for each account is relatively low at $500. CDs automatically renew once they mature following a ten day grace period. Yields are competitive for all CDs, but Vio’s highest APYs are for CDs with terms of three years or less.

Read Bankrate's Expert Vio Bank Review

2.75% – 5.25% APY

$500 minimum deposit

6 months - 5 years

Term	APY	Min. deposit
6 months	5.00% APY	$0
1 year	5.00% APY	$0
18 months	4.50% APY	$0
2 years	4.00% APY	$0
3 years	3.50% APY	$0
4 years	3.50% APY	$0
5 years	3.75% APY	$0

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Vio Bank

APY

National average APY

Term length

How do we get this data?

Vio Bank CD rates

Term length

Date	Barclays Bank APY	National average APY
04/12/2024	3.75%	1.41%
04/09/2024	3.75%	1.41%
04/02/2024	3.75%	1.41%
03/26/2024	3.75%	1.43%
03/19/2024	3.75%	1.43%
03/12/2024	3.75%	1.43%
02/27/2024	3.75%	1.42%
02/20/2024	3.75%	1.42%
02/13/2024	3.75%	1.42%
02/06/2024	4.15%	1.42%
01/30/2024	4.15%	1.43%
01/23/2024	4.15%	1.43%
01/16/2024	4.15%	1.43%
01/09/2024	4.15%	1.43%
01/02/2024	4.15%	1.43%
12/26/2023	4.15%	1.43%
12/22/2023	4.15%	1.43%
12/12/2023	4.50%	1.43%
12/05/2023	4.50%	1.43%
11/28/2023	4.50%	1.45%
11/21/2023	4.50%	1.45%
11/14/2023	4.50%	1.45%
11/07/2023	4.50%	1.45%
10/31/2023	4.50%	1.46%
10/24/2023	4.50%	1.46%
10/17/2023	4.50%	1.46%
10/10/2023	4.50%	1.46%
10/03/2023	4.50%	1.46%
09/26/2023	4.50%	1.43%
09/19/2023	4.50%	1.43%
09/12/2023	4.50%	1.43%
09/05/2023	4.50%	1.43%
08/29/2023	4.50%	1.38%
08/22/2023	4.50%	1.38%
08/15/2023	4.50%	1.38%
08/08/2023	4.50%	1.38%
08/01/2023	4.50%	1.38%
07/25/2023	4.50%	1.35%
07/18/2023	4.50%	1.35%
07/17/2023	4.50%	1.35%
07/11/2023	4.50%	1.35%
07/10/2023	4.50%	1.35%
07/04/2023	4.35%	1.35%
07/01/2023	4.35%	1.35%
06/27/2023	4.35%	1.33%
06/20/2023	4.35%	1.33%
06/16/2023	4.35%	1.33%
06/13/2023	4.20%	1.33%
06/06/2023	4.20%	1.33%
06/01/2023	4.20%	1.33%
05/30/2023	4.50%	1.30%
05/23/2023	4.50%	1.30%
05/16/2023	4.50%	1.30%
05/09/2023	4.50%	1.30%
05/02/2023	4.50%	1.30%
04/25/2023	4.50%	1.30%
04/18/2023	4.50%	1.30%

- There is a wide variety of terms available.
- Some banks have much higher minimum deposit requirements.
- CD rates are highly competitive.
- Early withdrawals come with a high penalty.
- There are no special types of CDs or promotions available.
- Some online banks offer higher CD rates.

Term	APY	Min. deposit
6 months	5.25% APY	$500
1 year	5.00% APY	$500
18 months	4.50% APY	$500
2 years	4.25% APY	$500
3 years	3.50% APY	$500
4 years	2.75% APY	$500
5 years	2.75% APY	$500

Date	Vio Bank APY	National average APY
04/09/2024	2.75%	1.41%
04/02/2024	2.75%	1.41%
03/26/2024	2.75%	1.43%
03/19/2024	2.75%	1.43%
03/12/2024	2.75%	1.43%
02/27/2024	2.75%	1.42%
02/20/2024	2.75%	1.42%
02/13/2024	2.75%	1.42%
02/06/2024	2.75%	1.42%
01/30/2024	2.75%	1.43%
01/23/2024	2.75%	1.43%
01/16/2024	2.75%	1.43%
01/09/2024	2.75%	1.43%
01/02/2024	2.75%	1.43%
12/26/2023	2.75%	1.43%
12/12/2023	2.75%	1.43%
12/05/2023	2.75%	1.43%
11/28/2023	2.75%	1.45%
11/21/2023	2.75%	1.45%
11/14/2023	2.75%	1.45%
11/07/2023	2.75%	1.45%
10/31/2023	2.75%	1.46%
10/24/2023	2.75%	1.46%
10/17/2023	2.75%	1.46%
10/10/2023	2.75%	1.46%
10/03/2023	2.75%	1.46%
09/26/2023	2.75%	1.43%
09/19/2023	2.75%	1.43%
09/12/2023	2.75%	1.43%
09/05/2023	2.75%	1.43%
08/29/2023	2.75%	1.38%
08/22/2023	2.75%	1.38%
08/15/2023	2.75%	1.38%
08/08/2023	2.75%	1.38%
08/01/2023	2.75%	1.38%
07/25/2023	2.75%	1.35%
07/18/2023	2.75%	1.35%
07/11/2023	2.75%	1.35%
07/04/2023	2.75%	1.35%
06/27/2023	2.75%	1.33%
06/20/2023	2.75%	1.33%
06/13/2023	2.75%	1.33%
06/06/2023	2.75%	1.33%

Synchrony Bank

4.9

Overview

Synchrony Bank offers many regular CDs ranging from three months to five years. It also added a no-penalty CD and a bump-up CD earlier this year. Synchrony Bank also offers IRA CDs.

Read Bankrate's Expert Synchrony Bank Review

0.25% – 5.15% APY

$0 minimum deposit

3 months - 5 years

Term	APY	Min. deposit
6 months	5.00% APY	$0
1 year	5.00% APY	$0
18 months	4.50% APY	$0
2 years	4.00% APY	$0
3 years	3.50% APY	$0
4 years	3.50% APY	$0
5 years	3.75% APY	$0

Term	APY	Min. deposit
3 months	0.25% APY	$0
6 months	5.15% APY	$0
9 months	4.90% APY	$0
1 year	4.80% APY	$0
13 months	4.50% APY	$0
14 months	5.00% APY	$0
15 months	4.50% APY	$0
16 months	4.00% APY	$0
18 months	4.50% APY	$0
19 months	4.00% APY	$0
2 years	4.20% APY	$0
3 years	4.15% APY	$0
4 years	4.00% APY	$0
5 years	4.00% APY	$0

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Synchrony Bank

APY

National average APY

Term length

How do we get this data?

Synchrony Bank CD rates

Term length

Date	Synchrony Bank APY	National average APY
04/09/2024	4.00%	1.41%
04/02/2024	4.00%	1.41%
03/26/2024	4.00%	1.43%
03/25/2024	4.00%	1.43%
03/19/2024	4.00%	1.43%
03/12/2024	4.00%	1.43%
02/27/2024	4.00%	1.42%
02/20/2024	4.00%	1.42%
02/13/2024	4.00%	1.42%
02/06/2024	4.00%	1.42%
01/30/2024	4.00%	1.43%
01/23/2024	4.00%	1.43%
01/22/2024	4.00%	1.43%
01/16/2024	4.00%	1.43%
01/09/2024	4.00%	1.43%
01/02/2024	4.00%	1.43%
12/26/2023	4.00%	1.43%
12/19/2023	4.00%	1.43%
12/12/2023	4.00%	1.43%
12/05/2023	4.00%	1.43%
11/28/2023	4.00%	1.45%
11/27/2023	4.00%	1.45%
11/21/2023	4.00%	1.45%
11/14/2023	4.00%	1.45%
11/07/2023	4.00%	1.45%
10/31/2023	4.00%	1.46%
10/26/2023	4.00%	1.46%
10/24/2023	4.00%	1.46%
10/17/2023	4.00%	1.46%
10/16/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/29/2023	4.00%	1.33%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/16/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%
05/02/2023	4.00%	1.30%
04/21/2023	4.00%	1.30%
04/20/2023	4.30%	1.30%
04/18/2023	4.00%	1.30%

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Synchrony Bank

APY

National average APY

Term length

How do we get this data?

Synchrony Bank CD rates

Term length

Date	Synchrony Bank APY	National average APY
04/09/2024	4.00%	1.41%
04/02/2024	4.00%	1.41%
03/26/2024	4.00%	1.43%
03/25/2024	4.00%	1.43%
03/19/2024	4.00%	1.43%
03/12/2024	4.00%	1.43%
02/27/2024	4.00%	1.42%
02/20/2024	4.00%	1.42%
02/13/2024	4.00%	1.42%
02/06/2024	4.00%	1.42%
01/30/2024	4.00%	1.43%
01/23/2024	4.00%	1.43%
01/22/2024	4.00%	1.43%
01/16/2024	4.00%	1.43%
01/09/2024	4.00%	1.43%
01/02/2024	4.00%	1.43%
12/26/2023	4.00%	1.43%
12/19/2023	4.00%	1.43%
12/12/2023	4.00%	1.43%
12/05/2023	4.00%	1.43%
11/28/2023	4.00%	1.45%
11/27/2023	4.00%	1.45%
11/21/2023	4.00%	1.45%
11/14/2023	4.00%	1.45%
11/07/2023	4.00%	1.45%
10/31/2023	4.00%	1.46%
10/26/2023	4.00%	1.46%
10/24/2023	4.00%	1.46%
10/17/2023	4.00%	1.46%
10/16/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/29/2023	4.00%	1.33%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/16/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%
05/02/2023	4.00%	1.30%
04/21/2023	4.00%	1.30%
04/20/2023	4.30%	1.30%
04/18/2023	4.00%	1.30%

- Synchrony Bank offers many terms of CDs. It offers a competitive yield, and it doesn’t require a minimum opening deposit.
- Partial withdrawals on the no-penalty CD are not allowed.

Capital One

4.9

Overview

Capital One offers CDs with terms as short as six months or as long as five years. These CDs have no minimum opening deposit. The bank offers competitive yields, and it doesn’t have a minimum balance requirement.

Read Bankrate's Expert Capital One Review

3.90% – 5.10% APY

$0 minimum deposit

6 months - 5 years

Term	APY	Min. deposit
6 months	5.00% APY	$0
1 year	5.00% APY	$0
18 months	4.50% APY	$0
2 years	4.00% APY	$0
3 years	3.50% APY	$0
4 years	3.50% APY	$0
5 years	3.75% APY	$0

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Capital One

APY

National average APY

Term length

How do we get this data?

Capital One CD rates

Term length

Date	America First Credit Union APY	National average APY
04/09/2024	4.20%	1.41%
04/02/2024	4.20%	1.41%
03/26/2024	4.20%	1.43%
03/19/2024	4.20%	1.43%
03/12/2024	4.20%	1.43%
02/27/2024	4.20%	1.42%
02/20/2024	4.20%	1.42%
02/13/2024	4.20%	1.42%
02/06/2024	4.20%	1.42%
01/30/2024	4.20%	1.43%
01/23/2024	4.20%	1.43%
01/16/2024	4.20%	1.43%
01/09/2024	4.20%	1.43%
01/02/2024	4.20%	1.43%
12/26/2023	4.20%	1.43%
12/12/2023	4.20%	1.43%
12/05/2023	4.20%	1.43%
11/28/2023	4.20%	1.45%
11/21/2023	4.20%	1.45%
11/14/2023	4.20%	1.45%
11/07/2023	4.20%	1.45%
10/31/2023	4.10%	1.46%
10/24/2023	4.10%	1.46%
10/17/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%
05/30/2023	4.00%	1.30%
05/23/2023	4.00%	1.30%
05/16/2023	4.00%	1.30%
05/09/2023	4.00%	1.30%
05/02/2023	4.00%	1.30%
04/25/2023	4.00%	1.30%
04/18/2023	4.00%	1.30%

- With no minimum opening deposit, Capital One’s CDs are a good choice for pretty much anyone looking for a fixed yield. Capital One also offers nearly any term of CD you’d need for a CD ladder or other long-term saving strategy.
- Capital One doesn’t offer a no-penalty CD or a rate bump CD.

Term	APY	Min. deposit
6 months	4.25% APY	$0
9 months	4.25% APY	$0
10 months	5.10% APY	$0
1 year	4.80% APY	$0
18 months	4.45% APY	$0
2 years	4.00% APY	$0
30 months	4.00% APY	$0
3 years	4.00% APY	$0
4 years	3.95% APY	$0
5 years	3.90% APY	$0

Date	Capital One APY	National average APY
04/11/2024	4.00%	1.41%
04/09/2024	4.00%	1.41%
04/02/2024	4.00%	1.41%
03/26/2024	4.00%	1.43%
03/19/2024	4.00%	1.43%
03/12/2024	4.00%	1.43%
02/27/2024	4.00%	1.42%
02/20/2024	4.00%	1.42%
02/13/2024	4.00%	1.42%
02/06/2024	4.00%	1.42%
01/30/2024	4.00%	1.43%
01/23/2024	4.00%	1.43%
01/17/2024	4.10%	1.43%
01/16/2024	4.10%	1.43%
01/09/2024	4.10%	1.43%
01/02/2024	4.10%	1.43%
12/26/2023	4.10%	1.43%
12/12/2023	4.10%	1.43%
12/05/2023	4.10%	1.43%
11/28/2023	4.10%	1.45%
11/21/2023	4.10%	1.45%
11/14/2023	4.10%	1.45%
11/07/2023	4.10%	1.45%
10/31/2023	4.10%	1.46%
10/24/2023	4.10%	1.46%
10/17/2023	4.10%	1.46%
10/10/2023	4.10%	1.46%
10/03/2023	4.10%	1.46%
09/26/2023	4.10%	1.43%
09/19/2023	4.10%	1.43%
09/12/2023	4.10%	1.43%
09/05/2023	4.10%	1.43%
08/29/2023	4.10%	1.38%
08/22/2023	4.10%	1.38%
08/15/2023	4.10%	1.38%
08/08/2023	4.10%	1.38%
08/01/2023	4.10%	1.38%
07/25/2023	4.10%	1.35%
07/18/2023	4.10%	1.35%
07/11/2023	4.10%	1.35%
07/04/2023	4.10%	1.35%
06/27/2023	4.10%	1.33%
06/20/2023	4.10%	1.33%
06/13/2023	4.10%	1.33%
06/06/2023	4.10%	1.33%

Quontic Bank

3.8

Overview

Quontic Bank offers five terms of CDs, ranging from six months to five years, that require $500 to open. The rates for all five terms are very competitive.

Read Bankrate's Expert Quontic Bank Review

4.30% – 5.05% APY

$500 minimum deposit

6 months - 5 years

Term APY Min. deposit

6 months 5.05% APY $500

1 year 4.50% APY $500

2 years 4.50% APY $500

3 years 4.40% APY $500

5 years 4.30% APY $500

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Quontic Bank

APY

National average APY

Term length

How do we get this data?

Quontic Bank CD rates

Term length

Date	Quontic Bank APY	National average APY
04/09/2024	4.30%	1.41%
04/02/2024	4.30%	1.41%
03/26/2024	4.30%	1.43%
03/19/2024	4.30%	1.43%
03/12/2024	4.30%	1.43%
02/27/2024	4.30%	1.42%
02/20/2024	4.30%	1.42%
02/13/2024	4.30%	1.42%
02/06/2024	4.30%	1.42%
01/30/2024	4.30%	1.43%
01/23/2024	4.30%	1.43%
01/16/2024	4.30%	1.43%
01/09/2024	4.30%	1.43%
01/02/2024	4.30%	1.43%
12/26/2023	4.30%	1.43%
12/12/2023	4.30%	1.43%
12/05/2023	4.30%	1.43%
11/28/2023	4.30%	1.45%
11/21/2023	4.30%	1.45%
11/14/2023	4.30%	1.45%
11/07/2023	4.30%	1.45%
10/31/2023	4.30%	1.46%
10/24/2023	4.30%	1.46%
10/17/2023	4.30%	1.46%
10/10/2023	4.30%	1.46%
10/03/2023	4.30%	1.46%
09/26/2023	4.30%	1.43%
09/19/2023	4.30%	1.43%
09/12/2023	4.30%	1.43%
09/05/2023	4.30%	1.43%
08/29/2023	4.30%	1.38%
08/22/2023	4.30%	1.38%
08/15/2023	4.30%	1.38%
08/08/2023	4.30%	1.38%
08/01/2023	4.30%	1.38%
07/25/2023	4.30%	1.35%
07/18/2023	4.30%	1.35%
07/11/2023	4.30%	1.35%
07/04/2023	4.30%	1.35%
06/27/2023	4.30%	1.33%
06/20/2023	4.30%	1.33%
06/13/2023	4.30%	1.33%
06/06/2023	4.30%	1.33%
05/30/2023	4.30%	1.30%
05/23/2023	4.30%	1.30%
05/16/2023	4.30%	1.30%
05/09/2023	4.30%	1.30%
05/02/2023	4.30%	1.30%
04/25/2023	4.30%	1.30%
04/18/2023	4.30%	1.30%

- Quontic pays competitive rates on the five CD terms it offers.
- Only $500 is needed to open a CD.
- Some banks have lower minimum deposit requirements.
- Quontic Bank’s early withdrawal penalties are higher than those of some other banks.

Term	APY	Min. deposit
6 months	5.05% APY	$500
1 year	4.50% APY	$500
2 years	4.50% APY	$500
3 years	4.40% APY	$500
5 years	4.30% APY	$500

Marcus by Goldman Sachs

4.9

Overview

Marcus by Goldman Sachs offers a competitive yield on its CDs. It offers a variety of CD terms and CD types. Its regular CD terms range from a six-month CD to a six-year CD.

In addition to its nine terms of regular CDs, it also offers three no-penalty CDs and a rate-bump CD.

All of these CDs have a $500 minimum deposit requirement.

Read Bankrate's Expert Marcus by Goldman Sachs Review

4.00% – 5.00% APY

$500 minimum deposit

6 months - 5 years

Term	APY	Min. deposit
6 months	5.00% APY	$0
1 year	5.00% APY	$0
18 months	4.50% APY	$0
2 years	4.00% APY	$0
3 years	3.50% APY	$0
4 years	3.50% APY	$0
5 years	3.75% APY	$0

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Marcus by Goldman Sachs

APY

National average APY

Term length

How do we get this data?

Marcus by Goldman Sachs CD rates

Term length

Date	America First Credit Union APY	National average APY
04/09/2024	4.20%	1.41%
04/02/2024	4.20%	1.41%
03/26/2024	4.20%	1.43%
03/19/2024	4.20%	1.43%
03/12/2024	4.20%	1.43%
02/27/2024	4.20%	1.42%
02/20/2024	4.20%	1.42%
02/13/2024	4.20%	1.42%
02/06/2024	4.20%	1.42%
01/30/2024	4.20%	1.43%
01/23/2024	4.20%	1.43%
01/16/2024	4.20%	1.43%
01/09/2024	4.20%	1.43%
01/02/2024	4.20%	1.43%
12/26/2023	4.20%	1.43%
12/12/2023	4.20%	1.43%
12/05/2023	4.20%	1.43%
11/28/2023	4.20%	1.45%
11/21/2023	4.20%	1.45%
11/14/2023	4.20%	1.45%
11/07/2023	4.20%	1.45%
10/31/2023	4.10%	1.46%
10/24/2023	4.10%	1.46%
10/17/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%
05/30/2023	4.00%	1.30%
05/23/2023	4.00%	1.30%
05/16/2023	4.00%	1.30%
05/09/2023	4.00%	1.30%
05/02/2023	4.00%	1.30%
04/25/2023	4.00%	1.30%
04/18/2023	4.00%	1.30%

- Ever since rates have been increasing, Marcus by Goldman Sachs has been one of the banks consistently increasing its yields to be competitive.
- Some banks don’t require a minimum deposit. So if you don’t have at least $500 available to deposit into a CD, you’ll have to look elsewhere.

Term	APY	Min. deposit
6 months	4.80% APY	$500
9 months	4.90% APY	$500
1 year	4.90% APY	$500
14 months	5.00% APY	$500
18 months	4.60% APY	$500
2 years	4.20% APY	$500
3 years	4.15% APY	$500
4 years	4.05% APY	$500
5 years	4.00% APY	$500
6 years	3.90% APY	$500

Date	Marcus by Goldman Sachs APY	National average APY
03/21/2024	3.90%	--
03/08/2024	4.00%	--
02/21/2024	4.00%	--
01/24/2024	4.00%	--
10/17/2023	4.00%	--

Citizens Access

4.2

Overview

Citizens Access offers five terms of CDs that all require at least a $5,000 deposit. Citizens’ CD terms range from one-year to five-years.

Read Bankrate's Expert Citizens Access Review

3.35% – 5.00% APY

$5,000 minimum deposit

1 year - 5 years

Term APY Min. deposit

1 year 5.00% APY $5,000

2 years 4.00% APY $5,000

3 years 3.35% APY $5,000

4 years 3.40% APY $5,000

5 years 3.45% APY $5,000

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Citizens Access

APY

National average APY

Term length

How do we get this data?

Citizens Access CD rates

Term length

Date	Quontic Bank APY	National average APY
04/09/2024	4.30%	1.41%
04/02/2024	4.30%	1.41%
03/26/2024	4.30%	1.43%
03/19/2024	4.30%	1.43%
03/12/2024	4.30%	1.43%
02/27/2024	4.30%	1.42%
02/20/2024	4.30%	1.42%
02/13/2024	4.30%	1.42%
02/06/2024	4.30%	1.42%
01/30/2024	4.30%	1.43%
01/23/2024	4.30%	1.43%
01/16/2024	4.30%	1.43%
01/09/2024	4.30%	1.43%
01/02/2024	4.30%	1.43%
12/26/2023	4.30%	1.43%
12/12/2023	4.30%	1.43%
12/05/2023	4.30%	1.43%
11/28/2023	4.30%	1.45%
11/21/2023	4.30%	1.45%
11/14/2023	4.30%	1.45%
11/07/2023	4.30%	1.45%
10/31/2023	4.30%	1.46%
10/24/2023	4.30%	1.46%
10/17/2023	4.30%	1.46%
10/10/2023	4.30%	1.46%
10/03/2023	4.30%	1.46%
09/26/2023	4.30%	1.43%
09/19/2023	4.30%	1.43%
09/12/2023	4.30%	1.43%
09/05/2023	4.30%	1.43%
08/29/2023	4.30%	1.38%
08/22/2023	4.30%	1.38%
08/15/2023	4.30%	1.38%
08/08/2023	4.30%	1.38%
08/01/2023	4.30%	1.38%
07/25/2023	4.30%	1.35%
07/18/2023	4.30%	1.35%
07/11/2023	4.30%	1.35%
07/04/2023	4.30%	1.35%
06/27/2023	4.30%	1.33%
06/20/2023	4.30%	1.33%
06/13/2023	4.30%	1.33%
06/06/2023	4.30%	1.33%
05/30/2023	4.30%	1.30%
05/23/2023	4.30%	1.30%
05/16/2023	4.30%	1.30%
05/09/2023	4.30%	1.30%
05/02/2023	4.30%	1.30%
04/25/2023	4.30%	1.30%
04/18/2023	4.30%	1.30%

- Citizens offers competitive yields on its five terms of CDs. The CDs are for people with at least $5,000 to deposit into a CD for its term.
- Citizens Access requires at least $5,000 to open a CD. The bank also no longer offers a no-penalty CD.

Term	APY	Min. deposit
1 year	5.00% APY	$5,000
2 years	4.00% APY	$5,000
3 years	3.35% APY	$5,000
4 years	3.40% APY	$5,000
5 years	3.45% APY	$5,000

Date	Citizens Access APY	National average APY
04/09/2024	3.45%	1.41%
04/02/2024	3.45%	1.41%
03/26/2024	3.45%	1.43%
03/19/2024	3.45%	1.43%
03/12/2024	3.45%	1.43%
02/27/2024	3.45%	1.42%
02/20/2024	3.45%	1.42%
02/13/2024	3.45%	1.42%
02/06/2024	3.45%	1.42%
01/30/2024	3.45%	1.43%
01/23/2024	3.45%	1.43%
01/16/2024	3.45%	1.43%
01/09/2024	3.45%	1.43%
01/02/2024	3.45%	1.43%
12/26/2023	3.45%	1.43%
12/12/2023	3.45%	1.43%
12/05/2023	3.45%	1.43%
11/28/2023	3.45%	1.45%
11/21/2023	3.45%	1.45%
11/14/2023	3.45%	1.45%
11/07/2023	3.45%	1.45%
10/31/2023	3.45%	1.46%
10/24/2023	3.45%	1.46%
10/17/2023	3.45%	1.46%
10/10/2023	3.45%	1.46%
10/03/2023	3.45%	1.46%
09/26/2023	3.45%	1.43%
09/19/2023	3.45%	1.43%
09/12/2023	3.45%	1.43%
09/05/2023	3.45%	1.43%
08/29/2023	3.45%	1.38%
08/22/2023	3.45%	1.38%
08/15/2023	3.45%	1.38%
08/08/2023	3.45%	1.38%
08/01/2023	3.45%	1.38%
07/25/2023	3.45%	1.35%
07/18/2023	3.45%	1.35%
07/11/2023	3.45%	1.35%
07/10/2023	3.45%	1.35%
07/04/2023	3.45%	1.35%
06/27/2023	3.45%	1.33%
06/20/2023	3.45%	1.33%
06/13/2023	3.45%	1.33%
06/06/2023	3.45%	1.33%
05/30/2023	3.45%	1.30%
05/23/2023	3.45%	1.30%
05/16/2023	3.45%	1.30%
05/09/2023	3.45%	1.30%
05/02/2023	3.45%	1.30%
04/25/2023	3.45%	1.30%
04/18/2023	3.45%	1.30%

Sallie Mae Bank

4.4

Overview

Sallie Mae Bank offers 11 terms of CDs, a savings account, money market account, credit cards and private student loans. It offers a competitive yield on its deposit products.

Established in 2005, Sallie Mae Bank is headquartered in Salt Lake City. In 2014, Sallie Mae became a stand-alone consumer banking business.

Read Bankrate's Expert Sallie Mae Bank Review

4.00% – 4.95% APY

$2,500 minimum deposit

6 months - 5 years

Term	APY	Min. deposit
6 months	5.00% APY	$0
1 year	5.00% APY	$0
18 months	4.50% APY	$0
2 years	4.00% APY	$0
3 years	3.50% APY	$0
4 years	3.50% APY	$0
5 years	3.75% APY	$0

Term	APY	Min. deposit
6 months	4.80% APY	$2,500
9 months	4.85% APY	$2,500
11 months	4.90% APY	$2,500
1 year	4.95% APY	$2,500
13 months	4.90% APY	$2,500
15 months	4.80% APY	$2,500
18 months	4.75% APY	$2,500
2 years	4.50% APY	$2,500
30 months	4.00% APY	$2,500
3 years	4.00% APY	$2,500
5 years	4.00% APY	$2,500

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Sallie Mae Bank

APY

National average APY

Term length

How do we get this data?

Sallie Mae Bank CD rates

Term length

Date	Sallie Mae Bank APY	National average APY
04/09/2024	4.00%	1.41%
04/02/2024	4.00%	1.41%
03/26/2024	4.00%	1.43%
03/19/2024	4.00%	1.43%
03/12/2024	4.00%	1.43%
02/27/2024	4.00%	1.42%
02/20/2024	4.00%	1.42%
02/13/2024	4.00%	1.42%
02/06/2024	4.00%	1.42%
01/30/2024	4.00%	1.43%
01/23/2024	4.00%	1.43%
01/16/2024	4.00%	1.43%
01/09/2024	4.00%	1.43%
01/02/2024	4.00%	1.43%
12/26/2023	4.00%	1.43%
12/12/2023	4.00%	1.43%
12/05/2023	4.00%	1.43%
11/28/2023	4.00%	1.45%
11/21/2023	4.00%	1.45%
11/14/2023	4.00%	1.45%
11/07/2023	4.00%	1.45%
10/31/2023	4.00%	1.46%
10/24/2023	4.00%	1.46%
10/17/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%
05/30/2023	4.00%	1.30%
05/23/2023	4.00%	1.30%
05/16/2023	4.00%	1.30%
05/09/2023	4.00%	1.30%
05/02/2023	4.00%	1.30%
04/25/2023	4.00%	1.30%
04/18/2023	4.25%	1.30%

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Sallie Mae Bank

APY

National average APY

Term length

How do we get this data?

Sallie Mae Bank CD rates

Term length

Date	Sallie Mae Bank APY	National average APY
04/09/2024	4.00%	1.41%
04/02/2024	4.00%	1.41%
03/26/2024	4.00%	1.43%
03/19/2024	4.00%	1.43%
03/12/2024	4.00%	1.43%
02/27/2024	4.00%	1.42%
02/20/2024	4.00%	1.42%
02/13/2024	4.00%	1.42%
02/06/2024	4.00%	1.42%
01/30/2024	4.00%	1.43%
01/23/2024	4.00%	1.43%
01/16/2024	4.00%	1.43%
01/09/2024	4.00%	1.43%
01/02/2024	4.00%	1.43%
12/26/2023	4.00%	1.43%
12/12/2023	4.00%	1.43%
12/05/2023	4.00%	1.43%
11/28/2023	4.00%	1.45%
11/21/2023	4.00%	1.45%
11/14/2023	4.00%	1.45%
11/07/2023	4.00%	1.45%
10/31/2023	4.00%	1.46%
10/24/2023	4.00%	1.46%
10/17/2023	4.00%	1.46%
10/10/2023	4.00%	1.46%
10/03/2023	4.00%	1.46%
09/26/2023	4.00%	1.43%
09/19/2023	4.00%	1.43%
09/12/2023	4.00%	1.43%
09/05/2023	4.00%	1.43%
08/29/2023	4.00%	1.38%
08/22/2023	4.00%	1.38%
08/15/2023	4.00%	1.38%
08/08/2023	4.00%	1.38%
08/01/2023	4.00%	1.38%
07/25/2023	4.00%	1.35%
07/18/2023	4.00%	1.35%
07/11/2023	4.00%	1.35%
07/04/2023	4.00%	1.35%
06/27/2023	4.00%	1.33%
06/20/2023	4.00%	1.33%
06/13/2023	4.00%	1.33%
06/06/2023	4.00%	1.33%
05/30/2023	4.00%	1.30%
05/23/2023	4.00%	1.30%
05/16/2023	4.00%	1.30%
05/09/2023	4.00%	1.30%
05/02/2023	4.00%	1.30%
04/25/2023	4.00%	1.30%
04/18/2023	4.25%	1.30%

Sallie Mae offers a variety of terms. The bank’s yields are competitive and much higher than average.
Lower minimum deposit requirements can be found at other banks. Specialty CDs, like CDs that allow for rate bumps, aren’t offered.

Bankrate's expertise

Bankrate’s trusted industry knowledge

Read our full methodology

Our banking editorial team regularly evaluates data from more than a hundred of the top financial institutions across a range of categories (brick-and-mortar banks, online banks, credit unions and more) to help you find the options that work best for you.

48 years

of industry experience

3 k

deposits rates tracked

120

banks reviewed

Recent news on CD rates

At its last meeting on March 20, the Federal Reserve, once again, kept interest rates steady and projected cutting interest rates three times in 2024. The Fed’s Federal Open Market Committee kept its key benchmark, the federal funds rate (which determines how much banks borrow and lend their reserves to each other overnight), at a target range of 5.25 to 5.5 percent.

Although it’s generally a bad time to borrow money at these rates, and credit card rates are at an all-time high of 20.75 percent according to Bankrate data, it’s a great time to save as top savings yields haven’t been this high in more than a decade. Top CD yields peaked during this current rate cycle in the last quarter of 2023. But you can still get CDs with yields like we haven’t seen in more than a decade — outside of the current rate cycle.

The Fed’s next scheduled announcement regarding interest rates is May 1.

CD yields have peaked. Whether your time horizon is measured in months or years, think about locking in current CD yields. — Greg McBride, CFA | Bankrate chief financial analyst

Where are CD rates headed in 2024?

CD rates are likely to maintain their current levels or slightly dip headed into March. Yields are likely to start decreasing months before the Fed begins lowering rates.

Currently, shorter-term CDs – with terms of six months to 18 months – generally have higher yields than longer-term CDs. But those longer-term CD yields could be peaking soon, if they haven’t already. So locking one in now could be a good decision for long-term money that you want to keep safe in an FDIC-insured bank.

However, most CDs have significant early withdrawal penalties, so consider these when deciding on an account and term.

National average interest rates for CDs

The national average of CD interest rates suggests that shorter term CDs have higher yields than longer-term CDs. With the Fed having raised rates 11 times since March 2022, what goes up might eventually come down. So, getting a long-term CD now could make sense if the Fed lowers rates in the future.

Researching average interest rates provides insight into the CD rate environment and can help in finding a CD with a yield that's much higher than average.

Here are the current average rates as of April 15, 2024, according to Bankrate's most recent survey of institutions:

CD term	CD national average APY
1 year	1.73%
2 year	1.5%
3 year	1.4%
4 year	1.48%
5 year	1.41%

Bankrate calculates and reports the national average APYs for various CD terms. Factored into national average rates are the competitive APYs commonly offered by online banks, along with the very low rates often found at large brick-and-mortar banks.

In June 2023, Bankrate updated its methodology that determines the national average CD rates. For the process, more than 500 banks and credit unions are now surveyed each week to generate the national averages. Among these institutions are those that are broadly available and offer high yields, as well as some of the nation’s largest banks.

Current promotional CD rates

Some banks have promotional CD rates.There might be certain restrictions on these CDs. For instance, you might have to bring money from outside the bank to be eligible for this APY. Promotional CDs may renew at a different term and at a different APY. (That APY is likely to not be known when you purchase a promotional CD.)

Even some of the largest banks might have some featured CD rates.

Bank name	CD product	APY	Available until*
U.S. Bank	7-month CD	4.75% APY	N/A
Wells Fargo	7-month CD	4.75% APY	N/A
Ally Bank	14-month CD	4.55% APY	June 19, 2024
PenFed Credit Union	18-month CD	4.20% APY	N/A

*It’s possible for these offers to end sooner.

These promotional CDs might not be available in certain areas. APYs for some products may vary by region. The CD may renew for a different term. The promotional offers are as of April 11, 2024.

Compare top CD rates today by term

When you open a CD, selecting a term is an important step. The term is the length of time that the money stays stashed in the account. For example, opening a CD with a one-year term means you’re making a commitment to the bank that you’ll keep your money in the account for one year.

Here’s where you’ll find some of the top yielding CDs by term.

Institution	APY	Min. deposit
America First Credit Union	5.25% APY	$500
Popular Direct	5.25% APY	$10,000
First Internet Bank of Indiana	4.14% APY	$1,000

Institution	APY	Min. deposit
Popular Direct	5.30% APY	$10,000
TAB Bank	5.27% APY	$1,000
America First Credit Union	5.25% APY	$500

Institution	APY	Min. deposit
CIBC Bank USA	5.36% APY	$0
First Internet Bank of Indiana	5.31% APY	$1,000
America First Credit Union	5.30% APY	$500

Institution	APY	Min. deposit
First Internet Bank of Indiana	4.66% APY	$1,000
Popular Direct	4.55% APY	$10,000
Quontic Bank	4.40% APY	$500

Institution	APY	Min. deposit
First Internet Bank of Indiana	4.55% APY	$1,000
SchoolsFirst Federal Credit Union	4.35% APY	$500
Quontic Bank	4.30% APY	$500

Note: Annual percentage yields (APYs) shown were updated between April 8, 2024 and April 14, 2024. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

How to choose the best CD for you

The top three things to look for when choosing a CD are:

You can find CDs that are outpacing current inflation in this rate environment. A competitive yield helps your balance grow over time through interest earned compounding.
You’ll want to assess when you’ll need this money so that you try and avoid paying an early withdrawal penalty.
You want to know the worst-case scenario if you have to make an early withdrawal.

Learn more: What is a CD?

Types of CDs

Banks and credit unions offer a wide range of CDs to fit different financial needs. Take some time to consider which type of CD is best for you.

Traditional CDs are the most common type of CD, and they earn a fixed APY for the entire term. These CDs usually don’t allow you to add more funds after your opening deposit, and they also tend to have strict early withdrawal penalties.

If you withdraw from a CD before it matures, the penalty is usually equal to the amount of interest earned during a certain period of time. For instance, a bank may impose a penalty of 90 days of simple interest on a one-year CD if you withdraw from that CD before the year is up.

When this CD makes sense: Traditional CDs are a good choice if you know exactly when you’ll need the money and there’s no chance of needing it before the term is up. They’re often good for CD ladders or other CD investing strategies in which timing is important.

Most CDs charge you a penalty for accessing the funds before the term is up. However, some banks offer no-penalty CDs — also known as liquid CDs — which allow you to withdraw the money early without being charged a penalty.

A bank may require that you wait at least some time after opening a no-penalty CD — generally around six or seven days — before you’re able to withdraw from the CD, and some banks don’t allow for partial withdrawals. No-penalty CD rates tend to be lower than regular CD rates, but they can be better than some high-yield savings account or money market account rates.

When this CD makes sense: Consider a no-penalty CD if you don’t plan to withdraw the money before the CD matures, but you want to keep some flexibility in case you need access to the funds. As a result, you’re willing to give up a little return for added liquidity.

Bump-up CDs enable you to request an increase in your rate during the CD term under certain conditions. Banks that offer this CD usually allow just one bump-up per term. For example, you may open a three-year CD at a given rate, and the bank offers an additional half-point rate increase when you’re one year into the term. With a bump-up CD, you can request a rate increase for the remainder of the term. Like no-penalty CDs, bump-up CDs often pay lower rates than traditional CDs.

When this CD makes sense: A bump-up CD could be a good option if rates are expected to rise significantly during the term of the CD. Otherwise, you’re likely accepting a lower rate for limited potential upside.

Who should get a CD?

A CD is useful when you want to earn a consistent, fixed yield on your lump sum of cash over the term of your savings account, especially if interest rates are declining. It also encourages you to be disciplined in leaving your money untouched as it earns interest because a CD is a time deposit account and imposes an early withdrawal penalty if you withdraw your funds before the CD matures.

A good time to open a CD is when you have a lump sum of money that you want to sock away for a specific period of time in the hopes of consistently growing interest. Also, it’s worth opening a CD when you know you have a specific timeframe in mind when you think you’ll need this money. A six-month CD, for example, could be a good place to put your money aside for an insurance premium that’s due in eight months.

Learn more: How to build a CD ladder

Pros and cons of CDs

Before you choose a CD, weigh the pros and cons to ensure you're making the right investment choice for your financial situation.

Pros

Some CDs earn a higher APY than money market accounts or savings accounts.
CDs are a good place to store funds that you don’t want to be able to dip into too easily.
CDs can help you separate money for financial goals or future expenses.
Deposit insurance covers accounts at FDIC banks and NCUA credit unions up to at least $250,000.
A CD can diversify your savings plan with a guaranteed rate.
Your principal remains intact if you keep your money in a CD for the full term.

Cons

CDs tie up your money for a potentially long period of time.
Many CDs have early withdrawal penalties.
Money committed to a CD could end up earning a lackluster yield if rates rise substantially. The early withdrawal penalty may negate any benefit of switching to a higher-yielding CD, however.
You could potentially earn better rates of return in the stock market or by investing in other securities.

Alternatives to CDs

Traditional savings account

This account typically earns a low yield that’s usually at or below the national average.

High-yield savings account

This account tends to earn a yield curently of about seven times higher than the national average. At online-only banks, these accounts often won’t have monthly service fees or minimum balance requirements.

Money market account

This is an interest-bearing account available at both banks and credit unions which is similar to a savings account, but also offers some checking account features.

Short-term bond funds

These funds, be they exchange-traded funds (ETFs) or mutual funds, typically invest in government and corporate bonds. Short-term bond funds typically have durations of one to three and a half years, according to Fidelity.

CD FAQs

Generally, you’ll receive a Form 1099-INT each year if you earn more than $10 interest, if there is withholding or if there is a penalty. This will generally be taxed as ordinary income, according to the IRS.

For instance, a CD customer with a multi-year CD should receive a 1099-INT from their bank after each year interest is earned if at least $10 of interest was earned during a calendar year.
Your CD is safe at either an FDIC-insured bank or an NCUSIF-insured credit union, as long as the amount of money in the account is within the established limits and guidelines. Federally insured deposit accounts are safe whether they’re at online banks, brick-and-mortar banks or credit unions since they’re backed by the full faith and credit of the U.S. government. Just make sure you’re not exceeding the insurance limits.

For federally-insured banks and credit unions, the standard insurance limit is $250,000 per depositor or share owner, per insured bank or credit union, for each account ownership category.
CDs generally have an early withdrawal penalty for taking your money out before the CD matures. No-penalty CDs are the exception, though they may also impose a penalty if the funds are withdrawn during the first six or seven days after the account is opened.
A good CD rate depends on a few factors, but the true answer depends on your personal financial situation. If you need to access your money in a year, for example, your best CD options will be those with a one-year term or less. If you’re able to lock up your money for longer, you may be able to achieve a higher yield with a longer-term CD. In general, longer terms may pay better yields.

Knowing for sure that you won’t need your cash for a specific amount of time also typically allows you to earn a higher rate. The bank is willing to pay you more for the certainty that your money will remain in its hands for the designated length of time.

Compare CD rates to the national average to make sure you’re getting a competitive return. For example, the national average APY for 1-year CDs is 1.73 percent as of Apr. 15, 2024, while some top-yielding banks are currently offering APYs higher than 5 percent.
Online banks tend to offer higher APYs than brick-and-mortar banks. These online-only institutions typically have lower overhead costs and are able to pass the savings along to their customers in the form of higher rates. In addition, unlike your bank located on the corner of Main Street, online banks may need a higher APY to get your attention and earn your business.
You can keep your money in a CD and let it renew over and over. CDs generally automatically renew. However, unclaimed CDs can be escheated — or transferred from an estate to the government — subject to each state’s laws. To avoid your CD being escheated due to being considered abandoned property, be sure to keep in touch with your bank and keep a valid mailing address on file.
Banks give account holders with CDs the opportunity to name a beneficiary, which is a person who will inherit your savings in the event that you die. While naming a beneficiary for your CD may be the last thing on your mind, experts say it’s an important step to take.

If you don’t have a beneficiary designated to receive the funds in your CD, your savings will go through probate, which is the court process for deciding what happens to the property of an individual after their death.
As long as your CD is at an FDIC-insured bank or an NCUA credit union and it’s within insurance limits and guidelines, you won’t lose money with a CD. You may lose some of your interest — and potentially some of your principal — by making an early withdrawal, however.

Research methodology

Bankrate’s editorial team is made up of five banking experts. These experts have researched numerous banks and at least twice a month review bank websites to make sure readers stay up to date on the latest rates and bank products.

The banks and credit unions on this page are selected based on popularity, Bankrate’s review score and CD APYs. The listings are ordered based on Bankrate’s scoring system, and ties are broken through minimum balance requirements and then alphabetical order.

Note: Bankrate doesn’t include callable CDs or brokered CDs on this page and compares regular CDs and no-penalty CDs separately.

Banks are sorted based on the highest APYs with a $25,000 balance. Minimum balance requirements and then alphabetical order help break ties between banks and credit unions.
Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Express National Bank, Axos Bank, Bank5 Connect, Barclays, Bask Bank, BECU (Boeing Employees Credit Union), Bethpage Federal Credit Union, BMO, Bread Savings (formerly Comenity Direct), BrioDirect, Capital One Bank, Chase Bank, CIBC USA, CIT Bank, Citibank, Citizens, Citizens Bank (Rhode Island), Credit One Bank, Comerica Bank, Customers Bank, Delta Community Credit Union, Discover Bank, Emigrant Direct, EverBank (formerly TIAA Bank), Fifth Third Bank, First Citizens Bank, First Internet Bank, First Technology Federal Credit Union, FNBO Direct, Golden 1 Credit Union, Huntington National Bank, KeyBank, Limelight Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, Morgan Stanley Private Bank, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, PenFed Credit Union, PNC Bank, Popular Direct, Quontic Bank, Randolph-Brooks Federal Credit Union, Regions Bank, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, USAA Bank, Vio Bank, VyStar Credit Union, Wells Fargo, and Zions Bank.

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Best CD rates for April 2024 (Up to 5.40%)

Best CD rates from top banks for April 2024

Barclays Bank

Overview

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America First Credit Union

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Popular Direct

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Vio Bank

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Synchrony Bank

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Capital One

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Quontic Bank

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Marcus by Goldman Sachs

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Citizens Access

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Sallie Mae Bank

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Bankrate's expertise

Bankrate’s trusted industry knowledge

Recent news on CD rates

Where are CD rates headed in 2024?

National average interest rates for CDs

How Bankrate calculates the national average

Current promotional CD rates

Compare top CD rates today by term

How to choose the best CD for you

Find a bank or credit union that offers a competitive yield

Decide what term is best for you

Know what the early withdrawal penalties are

Types of CDs

Who should get a CD?

Pros and cons of CDs

Pros

Cons

Alternatives to CDs