Credit One Bank Review 2023
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At a glance

CDs
About Bankrate Score
Overview
Credit One Bank is best for people who want a competitive yield on a CD and have at least $100,000 to open a CD.
Highlights
- High APY

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
Credit One Bank offers jumbo CDs and credit cards. Those looking for savings and checking accounts will need to bank somewhere else.
Pros
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Credit One Bank offers a competitive yield on its CDs.
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Credit One Bank offers all of the standard CD terms.
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It has a 10-day rate guarantee on its CDs.
Cons
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Credit One Bank only offers CDs and doesn’t have a savings account or any other deposit products.
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Credit One Bank requires $100,000 to open a CD. There are many online and other banks that have lower minimum opening deposit requirements.
Credit One Bank bank products
Credit One Bank CD overview
Credit One Bank CDs have the following early withdrawal penalties:
- Its six month and one year CD have a 90 days of simple interest penalty for early withdrawals.
- All CDs with terms 18 months through five years, would have an early withdrawal penalty of 180 days of simple interest.
- The bank currently isn’t offering CDs longer than five years. But if it was, the penalty for early withdrawals would be 365 days of simple interest.
Pros
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Credit One Bank gives you 0.05 percent above the current APY upon your CD renewal.
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Credit One Bank gives you the higher APY if its yield increases within 10 days of opening your new CD.
Cons
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You’ll need at least $100,000 to open a CD at Credit One Bank.
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Customer service hours are limited.

Bankrate CD rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
You can see your CD on Credit One Bank’s app. Customer service representatives for CDs are available during the week from 7 a.m. until 5 p.m. Pacific time. Credit One Bank has two apps: one for its CDs and another for its credit cards.
About Credit One Bank
Credit One Bank is a bank based in Las Vegas that offers CDs. The bank’s history goes back to 1984 when it was established as the First National Bank of Marin. It changed its name to Credit One Bank in 2006.
In addition to offering jumbo CDs, which require at least $100,000, the bank also is known for its credit cards. Credit One Bank offers a NASCAR American Express card. In June 2021 it began offering a WWE Visa credit card and a Six Flags Rewards Visa credit card.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.