Find the best CD Rates here! Those who are looking for the highest interest rates may want to consider opening a Certificate of Deposit (CD) account. Certificate of Deposit accounts often pay a much higher interest rate than a standard savings account. Unfortunately, enjoying higher interest rates does come with a cost.
Many CD accounts restrict access to your funds during the CD terms, often between 3 months to 5 years. If you take your money out before the end of the CD term (also known as the maturity date), you’ll often pay a penalty, perhaps even forfeiting a part of the interest you’ve earned. Though, this depends on the bank’s policy.
The best thing about a CD account is that they are low maintenance. Just store your money into an account, and your rate is generally locked in for the period of time you choose. Then, watch your interest grow.
You must keep up with when your CD matures because most banks will automatically renew the CD at the end of the term. Make sure to create a reminder. You’ll only have a short period of time to cancel your account after the term is over.
If you’re worried about the safety of keeping your money in an account for too long, don’t worry. CD accounts are insured, up to $250,000 per account. For banks, they’re FDIC insured and for credit unions, they’re NCUA insured.
Table of Contents
- 1 Choosing a Term Length
- 2 Finding the Best CD Accounts
- 3 Best 6-Month CD Rates – Nationwide
- 4 Best 9-Month CD Rates – Nationwide
- 5 Best 1-Year CD Rates – Nationwide
- 6 Best 18-Month CD Rates – Nationwide
- 7 Best 2-Year CD Rates – Nationwide
- 8 Best 3-Year CD Rates – Nationwide
- 9 Best 4-Year CD Rates – Nationwide
- 10 Best 5-Year CD Rates – Nationwide
Choosing a Term Length
Banks offer a variety of CD term lengths for you to choose from. They can go from as short as 30 days to as long as 10 years. However, most banks offer standard term lengths from 6 months to 5 years. Choosing the appropriate amount of time to store your money is up to you to decide.
First, you must determine what minimum balance requirement you’re able to meet. Banks generally have a minimum balance required to earn the listed Annual Percentage Yield (APY). For example, if you plan on depositing $500, you’ll qualify for every CD account that has no minimum balance requirement to those with a $500 requirement.
Then, choose your CD term. Usually, the longer your CD term is, the higher rates you’ll earn because banks like it when you keep your money with them. Though, this isn’t always the case. Some banks offer special rates for a limited time. For example, you may earn a better rate with a 12-month term as opposed to a 5-year term.
No matter what term length you choose, make sure you won’t need access to for the entire CD term to take advantage of the best CD rates. Otherwise, if you withdraw your funds early, you’ll incur an early withdrawal fee.
Finding the Best CD Accounts
Not all banks will offer you the best CD rates for your money. In fact, many traditional brick-and-mortar banks and popular name-brand banks will offer you the worst rates. With all the overhead costs they have to pay for, it’s difficult for them to offer customers competitive rates. Therefore, you can generally find the best rates from Credit Unions and Online Banks.
Below, we have compiled you a list of the best national and state/local CD rates for 6-month, 9-month, 1 year, 18-month, 2-year, 3-year, 4-year, and 5-year CD accounts! Our exclusive list has the most up-to-date and best national CD rates you will find on the web!
| Discover Bank | Up to 2.75% APY | Review |
| Quontic Bank | Up to 2.85% APY | Review |
| CIT Bank | 1.25% APY | Review |
Editor’s Note: Rates are subject to change. Feel free to leave us a comment if you see any rates changed in any of the links below.
Looking for a specific term? See below for our list of the best CD rates in the following terms:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 1-Year CD Rates
- Best 18-Month CD Rates
- Best 2-Year CD Rates
- Best 3-Year CD Rates
- Best 4-Year CD Rates
- Best 5-Year CD Rates
Best 6-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| CommunityWide Federal Credit Union | 0.80% | $1k | --- | 6-Month CD | Review |
| LaFayette Federal Credit Union | 0.70% | $500 | --- | 7-Month Fixed CD | Review |
| Limelight Bank | 0.55% | $1K | --- | 6-Month CD | Review |
| MapleMark Bank | 0.45% | $25k | --- | 6-Month CD | Review |
| Veridian Credit Union | 0.40% | $100k | --- | 7-Month CD | Review |
| Pen Air Federal Credit Union | 0.35% | $500 | --- | 6-Month CD | Review |
| La Capitol Federal Credit Union | 0.22% | $2.5k | --- | 6-Month CD | Review |
Best 9-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| TAB Bank | 0.65% | $1k | --- | 9-Month CD | Review |
| Spectrum Credit Union | 0.50% | $500 | --- | 9-Month CD | Review |
| MapleMark Bank | 0.45% | $25k | --- | 9-Month CD | Review |
| Pawtucket Credit Union | 0.35% | $1,000 | --- | 8-Month CD | Review |
Best 1-Year CD Rates – Nationwide
Best 18-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Consumer Credit Union | 1.30% | $250K | --- | 16-Month Super Jumbo CD Special | Review |
| American Heritage Federal Credit Union | 1.25% | $500 | --- | 18-Month CD | Review |
| Consumers Credit Union | 1.20% | $250k | --- | 16-Month Jumbo CD | Review |
| Merrick Bank | 1.00% | $25k | --- | 18-Month CD | Review |
| Limelight Bank | 0.90% | $1k | --- | 18-Month CD | Review |
| Lafayette Federal Credit Union | 0.75% | $500 | --- | 18-Month CD | Review |
| Marcus by Goldman Sachs | 0.75% | $500 | --- | 18-Month CD | Review |
| TIAA Bank | 0.75% | $5k | --- | 18-Month CD | Review |
| CFG Community Bank | 0.70% | $500 | --- | 18-Month CD | Review |
| Evansville Teachers Credit Union | 0.70% | $1k | --- | 18-Month CD | Review |
| Premier America Credit Union | 0.65% | $100k | --- | 18-Month CD | Review |
| iGObanking | 0.60% | $1k | --- | 18-Month CD | Review |
| Langley Federal Credit Union | 0.60% | $1K | --- | 18-Month CD | Review |
| INSBANK | 0.55% | $2,500 | --- | 18-Month CD | Review |
| MutualOne Bank | 0.45% | $500 | --- | 18-Month CD | Review |
| Rising Bank | 0.45% | $5k | --- | 18-Month CD | Review |
Best 2-Year CD Rates – Nationwide
| Bank/Credit Union | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Merrick Bank | 1.25% | $25k | --- | 24-Month CD | Review |
| USALLIANCE Financial Federal Credit Union | 1.25% | $500 | --- | 24-Month CD | Review |
| Barksdale Federal Credit Union | 0.90% | $1,000 | --- | 24-Month CD | Review |
| Communitywide Federal Credit Union | 0.90% | $1k | --- | 24-Month CD | Review |
| Evansville Teachers Federal Credit Union | 0.80% | $1k | --- | 24-Month CD | Review |
| Pen Air Federal Credit Union | 0.80% | $500 | --- | 24-Month CD | Review |
| Superior Choice Credit Union | 0.75% | $100k | --- | 24-Month CD | Review |
| Wings Financial Credit Union | 0.75% | $250k | --- | 24-Month CD | Review |
| INSBANK Online | 0.65% | $2.5k | --- | 24-Month CD | Review |
| Georgia's Own Credit Union | 0.60% | $500 | --- | 24-Month CD | Review |
Best 3-Year CD Rates – Nationwide
Best 4-Year CD Rates – Nationwide
| Bank/Credit Union | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| NASA Federal Credit Union | 1.70% | $10k | --- | 49-Month CD | Review |
| Interior Federal Credit Union | 1.27% | $500 | --- | 48-Month CD | Review |
| Barksdale Federal Credit Union | 1.20% | $1k | --- | 48-Month CD | Review |
| Evansville Teachers Federal Credit Union | 1.10% | $1k | --- | 48-Month CD | Review |
| Hiway Federal Credit Union | 1.10% | $25k | --- | 48-Month CD | Review |
| Wings Financial Credit Union | 1.01% | $250k | --- | 48-Month CD | Review |
| Agriculture Federal Credit Union | 1.00% | $250 | --- | 48-Month CD | Review |
| Ideal Credit Union | 1.00% | $70k | --- | 48-Month CD | Review |
| Michigan State University Federal Credit Union | 1.00% | $500 | --- | 48-Month CD | Review |
| Ideal Credit Union | 0.90% | $500 | --- | 48-Month CD | Review |
| Pen Air Federal Credit Union | 0.90% | $1k | --- | 48-Month CD | Review |
| Primary Bank | 0.85% | $1k | --- | 48-Month CD | Review |
| Blue Federal Credit Union | 0.80% | $2k | --- | 48-Month CD | Review |
| Georgia's Own Credit Union | 0.80% | $500 | --- | 48-Month CD | Review |
| Hyperion Bank | 0.60% | $500 | --- | 48-Month CD | Review |
Best 5-Year CD Rates – Nationwide
| Bank/Credit Union | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Barksdale Federal Credit Union | 1.45% | $1k | --- | 60-Month CD | Review |
| Interior Federal Credit Union | 1.37% | $500 | --- | 60-Month CD | Review |
| Wings Financial Credit Union | 1.36% | $250k | --- | 60-Month CD | Review |
| Agriculture Federal Credit Union | 1.30% | $250 | --- | 60-Month CD | Review |
| Michigan State University Federal Credit Union | 1.25% | $500 | --- | 60-Month CD | Review |
| ParkeBank | 1.25% | $500 | --- | 60-Month CD | Review |
| TruStone Financial Credit Union | 1.25% | $500 | --- | 60-Month CD | Review |
| Generations Credit Union | 1.21% | $500 | $50k | 60-Month CD | Review |
| Blue Federal Credit Union | 1.10% | $100k | --- | 60-Month CD | Review |
| Ideal Credit Union | 1.06% | $70k | --- | 60-Month CD | Review |
| DollarSavingsDirect | 1.00% | $1K | --- | 60-Month CD | Review |
| Primary Bank | 0.95% | $1k | --- | 60-Month CD | Review |
| Georgia's Own Credit Union | 0.90% | $500 | --- | 60-Month CD | Review |
| Premier America Credit Union | 0.85% | $100k | --- | 60-Month CD | Review |
| Service Credit Union | 0.85% | $500 | --- | 60-Month CD | Review |
| Hyperion Bank | 0.70% | $500 | --- | 60-Month CD | Review |
Other Bank Promotions You May Enjoy
Looking for other accounts banks offer? Check out our list of the best bank bonuses we’ve compiled, here on BankCheckingSavings. You can also find some of our helpful guides listed on there if you need any additional information.
Plus, if you’re interested in applying for a credit card, see our list of the best credit card promotions and their respective reviews to find the best one that suits your needs!
This is a helpful table of rates, thank you! Have you had much luck with cd ladders? I’m told it allows you to benefit from longer cd’s while still maintaining some liquidity….personally it sounds like a complicated headache!
Hello, this is the Digital Marketing Specialist for Georgia Banking Company; I have tried reaching you through various channels (contact form, Facebook, and leaving a comment) to inform you that your listed rates for our bank is not accurate. This page says that it was updated September 13th and still nothing had been changed. Please list accurate rates.
Thank you.
Holy Toedlo, so glad I clicked on this site first!