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Best 9-month CD rates - June 2023

Best available rates across different account types for Tuesday, June 06, 2023

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Bankrate’s picks for the top 9-month CD rates

CIBC Bank

CIBC Bank_logo
Rating: 4.1 stars out of 5
4.1

Overview

CIBC Bank USA, formerly The PrivateBank and Trust Co., was founded in 1991 and is based in Chicago. It was rebranded as CIBC Bank USA. CIBC has 12 CD terms, ranging from 30 days to five years. The minimum deposit to open a CD is $1,000. Also offered are a savings account, a money market account and three checking accounts.
Invest Rate
5.11% APY
Loan
$1,000 minimum deposit

America First Federal Credit Union

America First Federal Credit Union_logo

Overview

America First Credit Union was founded in 1939 in Salt Lake City. It has CDs with terms ranging from three months to five years. The minimum opening deposit for CDs is $500. It also offers a variety of checking and savings accounts.
Invest Rate
5.00% APY
Loan
$500 minimum deposit

TIAA Bank

TIAA Bank_logo
Rating: 4.6 stars out of 5
4.6

Overview

TIAA Bank is a division of TIAA FSB and has 10 branches, all in Florida. TIAA offers CD terms ranging from three months to five years. It also offers a Bump Rate CD, which allows a one-time rate bump if rates go higher. For customers with large deposits who need expanded FDIC insurance coverage, TIAA Bank offers a service that spreads money around to a network of banks.
Invest Rate
5.00% APY
Loan
$1,000 minimum deposit

Synchrony Bank

Synchrony Bank_logo
Rating: 4.9 stars out of 5
4.9

Overview

Synchrony Bank offers competitive yields across 14 standard terms. Its Best Rate Guarantee promises to pay a higher yield if the bank raises rates within 15 days of a new account being funded. The bank also offers a money market account and a savings account, both of which offer a competitive APY and no minimum balance requirement.
Invest Rate
4.80% APY
Loan
$0 minimum deposit

TAB Bank

TAB Bank_logo
Rating: 4.1 stars out of 5
4.1

Overview

TAB Bank was established in 1998 in Ogden, Utah, as a banking service inside truck stops. TAB (Transportation Alliance Bank) serves businesses and individual customers. It offers several checking accounts, a couple of savings account options, a money market account and CDs in eight terms, from six months to five years.
Invest Rate
4.76% APY
Loan
$1,000 minimum deposit

Vio Bank

Vio Bank_logo
Rating: 4.2 stars out of 5
4.2

Overview

Vio Bank is an online-only bank that offers CDs and a high-yield savings account with competitive rates. CD terms range from six months to 10 years. Vio Bank is a division of MidFirst Bank, based in Oklahoma City.
Invest Rate
4.75% APY
Loan
$500 minimum deposit

Sallie Mae Bank

Sallie Mae Bank_logo
Rating: 4.7 stars out of 5
4.7

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.
Invest Rate
4.60% APY
Loan
$2,500 minimum deposit

USAA Bank

USAA Bank_logo
Rating: 3.6 stars out of 5
3.6

Overview

USAA is an online bank for military members, military veterans and their families. Without a link to the military, you might not qualify to join. USAA offers CDs in terms ranging from one month to seven years. It also offers checking and savings accounts, credit cards and mortgages and other loans.
Invest Rate
4.50% APY
Loan
$1,000 minimum deposit

Marcus by Goldman Sachs

Marcus by Goldman Sachs_logo
Rating: 4.9 stars out of 5
4.9

Overview

Marcus is the online personal banking unit of Goldman Sachs. Marcus offers nine terms of CDs, three no-penalty CD terms and a savings account. Marcus CDs require a $500 minimum to open, but its savings accounts have no minimum deposit requirement.
Invest Rate
4.30% APY
Loan
$500 minimum deposit

Ally Bank

Ally Bank_logo
Rating: 4.6 stars out of 5
4.6

Overview

Ally Bank is an online-only bank formerly known as GMAC Bank. Ally offers seven terms of CDs, a no-penalty CD and two terms of a Raise Your Rate CD. The Sandy, Utah-based bank also offers a savings account, an interest-bearing checking account and a money market account. Ally has 2.5 million customers with deposit accounts.
Invest Rate
4.15% APY
Loan
$0 minimum deposit

Capital One

Capital One_logo
Rating: 4.5 stars out of 5
4.5

Overview

Capital One is an online bank that also has a brick-and-mortar presence, with around 300 branches and about 50 Capital One cafes. It offers nine competitive terms of regular CDs. Capital One CDs and its 360 Performance Savings account don’t have minimum balance requirements. Capital One is based in McLean, Virginia.
Invest Rate
3.90% APY
Loan
$0 minimum deposit

What is a 9-month CD?

A nine-month CD is a certificate of deposit that matures in nine months. In return for locking up your money with a bank or other financial institution for the term, it may pay you a slightly higher interest rate than you’d earn with a traditional savings or money market account.

A nine-month CD offers a few key benefits. With your rate locked in, you don’t have to worry about the bank cutting your rate until after the CD matures. Accounts opened at most banks or credit unions are insured, typically up to $250,000, eliminating risk while helping you save for short-term goals.

How to find the best 9-month CD rates

Comparison shopping is key when you’re looking for the best nine-month CD rates. There are multiple types of CDs, including bump-up CDs and liquid CDs. But the top nine-month CD rates are usually found with traditional CDs.

Check out the best nine-month CDs offered by banks and credit unions and weigh the pros and cons of going with a short-term certificate of deposit over an account that’s more liquid. Don’t forget to calculate how much interest you could earn by the end of your term.

9-month CD FAQs

Methodology for Bankrate’s Best CD Rates

At Bankrate, we strive to help you make smarter financial decisions. We follow strict guidelines to ensure that our editorial content is unbiased and not influenced by advertisers. Our editorial team receives no direct compensation from advertisers and our content is thoroughly fact-checked to ensure accuracy.

Bankrate regularly surveys around 70 widely available financial institutions, made up of the biggest banks and credit unions, as well as a number of popular online banks.

To find the best CDs, our editorial team analyzes various factors, such as: annual percentage yield, the minimum needed to earn that APY (or to open the CD) and whether or not it is broadly available. All of the accounts on this page are insured by the Federal Deposit Insurance Corp. (FDIC) or by the National Credit Union Share Insurance Fund (NCUSIF).

When selecting the best CD for you, consider the purpose of the money and when you’ll need access to these funds to help you avoid early withdrawal penalties.

Banks we monitor

These financial institutions are featured in our CD rate research: Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Express National Bank, Axos Bank, Bank5 Connect, Bank of America, Bank of the West, Barclays, Bask Bank, BECU (Boeing Employees Credit Union), Bethpage Federal Credit Union, BMO Harris Bank, Bread Financial (formerly Comenity Direct), BrioDirect, Capital One Bank, Chase Bank, CIBC USA, CIT Bank, Citibank, Citizens, Citizens Bank (Rhode Island), Comerica Bank, Customers Bank, Delta Community Credit Union, Discover Bank, Emigrant Direct, Fifth Third Bank, First Citizens Bank, First Internet Bank, First Technology Federal Credit Union, FNBO Direct, Golden 1 Credit Union, Marcus by Goldman Sachs, Morgan Stanley Private Bank, Huntington National Bank, Investors Bank, Investors eAccess, KeyBank, Limelight Bank, Live Oak Bank, M&T Bank, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, PenFed Credit Union, PNC Bank, Popular Direct, PurePoint Financial, Quontic Bank, Randolph-Brooks Federal Credit Union, Regions Bank, Salem Five Direct, 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, TIAA Bank, Truist Bank, UFB Direct, Union Bank (California), U.S. Bank, USAA Bank, Vio Bank, VyStar Credit Union, Wells Fargo and Zions Bank.