Certificates of deposit
Lock in guaranteed returns with the best CD rates. Compare terms from 6 months to 5 years and find the right certificate of deposit for your savings goals.
60-month CD
APY
5.70%
Term
60 months
Min. Deposit
$1,000
Key Features
36-month CD
APY
5.65%
Term
36 months
Min. Deposit
$0
Key Features
24-month CD
APY
5.60%
Term
24 months
Min. Deposit
$0
Key Features
6-month CD
APY
5.50%
Term
6 months
Min. Deposit
$0
Key Features
12-month CD
APY
5.40%
Term
12 months
Min. Deposit
$500
Key Features
A certificate of deposit is a savings account that holds your money for a fixed period in exchange for a fixed return. When the CD matures, you receive your original deposit plus the interest earned during the term.
CDs are one of the safest savings options available and are generally FDIC-insured up to the standard limits. The tradeoff is lower flexibility, since early withdrawals usually trigger a penalty.
Most CDs charge an early withdrawal penalty if you take out money before the maturity date. The penalty is usually expressed as a number of days or months of interest.
Start with when you expect to need the money. Longer terms often pay more, but shorter terms give you earlier access and more flexibility if rates move.
A no-penalty CD lets you access your funds before maturity without the usual early withdrawal fee. The tradeoff is usually a slightly lower rate than a traditional CD.
Most CDs offer fixed rates for the full term, which protects you if market rates fall but also means you do not benefit if rates rise after opening the account.
CD rates and terms are subject to change without notice. Always verify the current APY, maturity date, and early withdrawal penalty before opening an account.
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