Barclays Bank
4.4
Overview
Barclays is an online bank popular for its credit cards, but it also offers CDs and an online savings account. Barclays offers seven terms of CDs ranging from six months to five years.
Best CD rates of October 2024 (Up to 5.00%)
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Updated Oct. 14, 2024
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Opening a certificate of deposit (CD) allows you to lock in an attractive fixed rate and earn higher returns compared to traditional savings accounts, while providing FDIC or NCUA insurance protection and guaranteed growth for a set period of time. Currently, the best CD rates range from 4.30 percent APY to 5.00 percent APY. This top rate is offered by Barclays for a 6-month term, and is roughly three times higher than the national average of 1.73 percent on a one-year CD. Before opening a certificate of deposit, be sure to read expert advice and tips below to ensure a financially safe decision.
Bankrate's picks for top CD rates
- Barclays Bank — 6 months - 5 years, 3.00% – 5.00% APY, no minimum deposit
- Quontic Bank — 3 months - 5 years, 3.00% – 4.95% APY, $500 minimum deposit
- America First Credit Union — 3 months - 5 years, 3.85% – 4.90% APY, $500 minimum deposit
- Popular Direct — 3 months - 5 years, 3.55% – 4.65% APY, $10,000 minimum deposit
- Vio Bank — 6 months - 5 years, 2.75% – 4.60% APY, $500 minimum deposit
- Synchrony Bank — 3 months - 5 years, 0.25% – 4.50% APY, no minimum deposit
- Capital One — 6 months - 5 years, 3.50% – 4.30% APY, no minimum deposit
- Marcus by Goldman Sachs — 6 months - 5 years, 3.80% – 4.30% APY, $500 minimum deposit
- Citizens Access — 1 year - 5 years, 3.00% – 4.25% APY, $5,000 minimum deposit
- Sallie Mae Bank — 6 months - 5 years, 3.60% – 4.10% APY, $2,500 minimum deposit
Note: Annual percentage yields (APYs) shown were updated between Oct. 8 and Oct. 14. All other information is current as of Oct. 14. 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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The following accounts can be found at most banks and credit unions. They’re federally insured for up to $250,000 and offer a safe place to put your money while earning interest.
Certificate of Deposit (CD)
CDs are best for individuals looking for a guaranteed rate of return that’s typically higher than a savings account. In exchange for a higher rate, funds are tied up for a set period of time and early withdrawal penalties may apply.
Checking account
Checking accounts are best for individuals who want to keep their money safe while still having easy, day-to-day access to their funds. ATM and other transactional fees may apply.
Savings / Money Market Accounts (MMA)
Savings and MMAs are good options for individuals looking to save for shorter-term goals. They’re a safe way to separate your savings from everyday cash, but may require larger minimum balances and have transfer limitations.
Current 1 year CD trends
Bankrate Partner average
4.31% APY
National average
1.73% APY
The "Bankrate Partner average" is calculated from the average of the top savings
account offers from the institutions we track, included on this page as of 10/15/2024. "National average"
is determined by Bankrate's comprehensive national survey of savings accounts and CDs.
Best CD rates from top banks for October 2024
Note: Annual percentage yields (APYs) shown were updated between Oct. 8 and Oct. 14. All other information is current as of Oct. 14. 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.
Quontic Bank
4.0
Overview
Quontic Bank offers six terms of CDs, ranging from three months to five years, that require $500 to open. The rates for all six terms are very competitive.
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.
Popular Direct
3.5
Overview
Popular Direct is an online bank and a subsidiary of Popular Inc., a more than 130-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.
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.
Vio Bank
4.1
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 10 day grace period. Yields are competitive for all CDs, but Vio’s highest APYs are for CDs with terms of three years or less.