Comenity Direct offers one-year, two-year, three-year, four-year and five-year CDs, with yields that are far better than what the average brick-and-mortar bank pays. Interest accrues and compounds daily, and minimum deposit requirements are reasonable. Customers can earn interest on up to $10 million in deposits.
The minimum deposit to open any CD is only $1,500.
Customers can monitor their CD accounts using the Comenity Direct mobile app.
There is no charge for automated clearing house transfers (ACH) and incoming wire transfers.