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June 2024: Best Certificates of Deposit from Our Partners

A certificate of deposit (CD) is a type of savings account that provides an easy way to save money while earning interest. There are various types of CDs, each with different interest rates and terms. You can open CDs at traditional banks, credit unions or online banks. The process isn't difficult and requires a few simple steps. Generally, the most competitive terms are offered online, so if you have long-term goals, consider one of the CDs below.

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our choice

APY
5.20%
Minimum Balance to earn APY
$1,000
Minimum Deposit
$1,000
Terms
12 month
  • Top tier CD rates
  • CD term options to meet your goals
  • Best-in-class customer service
  • Deposit is insured by FDIC

our choice

APY
5.00%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
5 months
  • Federally insured by NCUA.
  • Start saving with as little as $1 minimum deposit.
  • 24/7 online access.
  • 5.00% APY certificate, 2.6x6 higher than national average.

our choice

APY
See Terms
Minimum Balance to earn APY
$500
Minimum Deposit
$500
Terms
See Terms
  • Deposit a minimum of $500 with a guaranteed Annual Percentage Yield.339
  • Collect dividends that are compounded and credited monthly.
  • Your funds are insured for $250,000 on individual accounts by the federal government.
  • At the end of your certificate’s term, withdraw your money plus the dividends you’ve earned, or roll over your earnings into a new certificate.

our choice

APY
5.23% APY
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1.00
Terms
6 months
  • 5.23% APY* 6 month CD
  • FDIC insured. $1 minimum deposit. No fees.
  • Full access to your account online 24/7.

our choice

APY
5.25%
Minimum Balance to earn APY
$1,000
Minimum Deposit
$1,000
Terms
6 months
  • Top tier CD rates
  • CD term options to meet your goals
  • Best-in-class customer service
  • Deposit is insured by FDIC

our choice

APY
5.25%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
3 months
  • FDIC insured. No fees. $1 minimum deposit.
  • 24/7 online access to funds.
  • Mission Valley Bank actively supports many non-profit organizations - making a difference throughout the communities they serve.

our choice

APY
5.34% APY
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1.00
Terms
3 months
  • 5.34% APY* 3 month CD
  • FDIC insured. $1 minimum deposit. No fees.
  • Full access to your account online 24/7.

our choice

APY
4.50%
Minimum Balance to earn APY
$1,000
Minimum Deposit
$1,000
Terms
15 Month
  • Top tier CD rates
  • CD term options to meet your goals
  • Best-in-class customer service
  • Deposit is insured by FDIC

our choice

APY
5.20%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
4 months
  • 5.20% APY high-yield MMDA, 2.9x6 higher than national average.
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.

our choice

APY
4.25%
Minimum Balance to earn APY
$1,000
Minimum Deposit
$1,000
Terms
2 Year
  • Top tier CD rates
  • CD term options to meet your goals
  • Best-in-class customer service
  • Deposit is insured by FDIC

our choice

APY
5.13% APY
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1.00
Terms
12 months
  • 5.13% APY* 12 month CD
  • FDIC insured. $1 minimum deposit. No fees.
  • Full access to your account online 24/7.

our choice

APY
4.75%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1.00
Terms
9 months
  • 4.75% APY 9 month high-yield CD, 3.1x6 higher than national average.
  • FDIC insured. No fees. $1 minimum deposit.
  • 24/7 online access to funds.

our choice

APY
5.25%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
3 months
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.
  • 5.25% APY high-yield CD, 3.9x6 higher than national average.

our choice

APY
3.85%
Minimum Balance to earn APY
$1,000
Minimum Deposit
$1,000
Terms
3 Year
  • Top tier CD rates
  • CD term options to meet your goals
  • Best-in-class customer service
  • Deposit is insured by FDIC

our choice

APY
4.70%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
10 months
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.
  • Known for returning profits to members in the form of better rates and lower fees.
  • 4.70% APY 10-Month Certificate — that's 1.4x6 higher than national average.

our choice

APY
5.18% APY
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1.00
Terms
9 months
  • 5.18% APY* 9 month CD
  • FDIC insured. $1 minimum deposit. No fees.
  • Full access to your account online 24/7.

our choice

APY
Rate up to 5.20% APY
Minimum Balance to earn APY
$1,000
Minimum Deposit
$1,000
Terms
3-60 months
  • Low minimum deposit of only $1,000; no maximum302
  • Jumbo certificates may be available for a higher rate if you deposit $75,000 or more302
  • Choose from a variety of maturity dates including 12-month and 60-month terms302
  • Dividends compounded every month and at maturity302
  • Funds are insured up to $250,000 by NCUA

our choice

APY
5.05%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
14 months
  • 5.05% APY no-penalty CD, 2.8x6 higher than national average.
  • FDIC insured. No fees. $1 minimum deposit.
  • Putting educational and financial success within reach for more than 50 years.

our choice

APY
5.13%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
6 months
  • Excellent rates with NO fees.
  • FDIC insured. $1 minimum deposit. 24/7 online access.
  • 5.13% APY* 6-month CD, 2.9x6 higher than national average.

our choice

APY
5.00%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
10 months
  • 5.00% APY 10-month high-yield CD, 2.8x6 higher than national average.
  • FDIC insured. No fees. $1 minimum deposit.
  • Putting educational and financial success within reach for more than 50 years.

our choice

APY
5.15%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
5 months
  • Deposits federally insured up to at least $250,000 by NCUA.
  • No fees. $1 minimum to open.
  • Superior service and great rates.
  • 5.15% APY no-penalty CD, 2.7x6 higher than national average.

our choice

APY
5.10%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
9 months
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.
  • 5.10% APY no-penalty CD, 1.6x6 higher than national average.

our choice

APY
As high as 4.50%
Minimum Balance to earn APY
See terms
Minimum Deposit
$500
Terms
12 months
  • CD Rates as high as 4.50%.
  • Fund your account up to $500,000.
  • $500 minimum deposit required to open.
  • Your money is held for a fixed time period**.
  • Great for saving for a home down payment, college, or a big purchase.
  • All accounts are FDIC insured up to $250,000 per depositor, per account ownership category.
  • Valley Direct CDs must be opened online only.

our choice

APY
Up to 5.05%
Minimum Balance to earn APY
$500
Minimum Deposit
$500
Terms
1 year
  • Open an account online in just 3 minutes
  • Minimum of $500 required to open

our choice

APY
1.31%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
13 months
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.
  • 1.31% APY high-yield CD, 0.7x6 higher than national average.

our choice

APY
5.30%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
1 month
  • 5.30% APY high-yield CD, 23.0x6 higher than national average.
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.

our choice

APY
5.15%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
4 months
  • 5.15% high-yield CD, 3.9X6 higher than national average.
  • FDIC insured. No fees.
  • Locally-owned independent community bank.
Apply for 11-month CD - Credit-Land.com

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This offer is only available in AZ, CA, CO, FL, GA, KS, MD, MO, NC, NM, OK, OR, SC, TN, TX, VA, WA, WV, WI.

our choice

APY
5.00%290
Minimum Balance to earn APY
$5,000
Minimum Deposit
$5,000
Terms
11 months
  • Available exclusively online
  • 5.00% APY290
  • $5,000 minimum deposit291
  • Amounts available from $5,000 - $250,000
  • FDIC Insured
  • Funds must come from outside First Citizens Bank

our choice

APY
3.00%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
9 months
  • 3.00% APY 9-month CD, 1.7x6 higher than national average.
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.

our choice

APY
5.10%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
9 months
  • Excellent rates with NO fees.
  • FDIC insured. $1 minimum deposit. 24/7 online access.
  • 5.10% APY* 9-month CD, 2.8x6 higher than national average.

our choice

APY
5.05%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
12 months
  • Excellent rates with NO fees.
  • FDIC insured. $1 minimum deposit. 24/7 online access.
  • 5.05% APY* 12-month CD, 2.8x6 higher than national average.

our choice

APY
5.05%
Minimum Balance to earn APY
$0,01
Minimum Deposit
$1
Terms
9 months
  • 5.05% APY High-Yield CD, 2.8x6 times the national average APY.
  • No fees. $1 minimum deposit. 24/7 online access to funds.
  • Lemmata gives back through charitable donations when you save.
  • Deposits are FDIC insured through California Bank of Commerce.

our choice

APY
4.50%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
15 months
  • Federally insured by NCUA.
  • Start saving with as little as $1 minimum deposit.
  • 24/7 online access.
  • 4.50% APY certificate, 1.4X6 higher than national average.

our choice

APY
4.70%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
15 months
  • 4.70% APY 15 month share certificate, 1.6x6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
4.50%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
24 months
  • 4.50% APY 24 month certificate, 1.5X6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
3.00%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
18 months
  • Federally insured by NCUA.
  • Start saving with as little as $1 minimum deposit.
  • 24/7 online access.
  • 3.00% APY certificate, 1.0X6 higher than national average.

our choice

APY
4.75%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
18 months
  • 4.75% APY 18 month certificate, 1.6X6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
4.90%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
12 months
  • 4.90% APY 12 month certificate, 1.5X6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
3.0%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
15 months
  • 3.0% APY high-yield CD, 1.7X6 higher than national average.
  • Deposits are FDIC insured through Liberty Savings Bank.
  • No fees. $1 minimum deposit.
  • 24/7 online access to funds.

our choice

APY
4.20%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
12 months
  • Federally insured by NCUA.
  • Start saving with as little as $1 minimum deposit.
  • 24/7 online access.
  • 4.20% APY certificate, 1.3X6 higher than national average.

our choice

APY
5.00%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
10 months
  • 5.00% APY no-penalty CD, 2.8x6 higher than national average.
  • FDIC insured. No fees. $1 minimum deposit.
  • Putting educational and financial success within reach for more than 50 years.

our choice

APY
3.0%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
10 months
  • 3.0% APY high-yield CD, 1.7X6 higher than national average.
  • Deposits are FDIC insured through Liberty Savings Bank.
  • No fees. $1 minimum deposit.
  • 24/7 online access to funds.

our choice

APY
1.21%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
11 months
  • 1.21% APY high-yield CD, 0.7X6 higher than national average.
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.

our choice

APY
3.50%
Minimum Balance to earn APY
See Terms
Minimum Deposit
$1,000
Terms
11 Months
  • Minimum $1,000 deposit
  • FDIC insured up to $250,000
  • Security and Flexibilty
  • No Penalty for early withdraw
  • Daily compounding interest
  • No monthly maintenance fees

our choice

APY
3.50%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
9 months
  • 3.50% APY high-yield CD, 1.9X6 higher than national average.
  • FDIC insured. No fees.
  • Locally-owned independent community bank.

our choice

APY
3.00%
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
Terms
7 months
  • 3.00% high-yield CD, 1.7X6 higher than national average.
  • FDIC insured. No fees.
  • Locally-owned independent community bank.

our choice

APY
Up to 3.5%
Minimum Balance to earn APY
See terms
Minimum Deposit
$1,000
Terms
Up to 5 years
  • Competitive rates
  • Terms up to 5 years
  • Low minimum opening deposit
  • Daily compounding interest
  • No monthly maintenance fees
  • FDIC insured
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questionsABOUT
CERTIFICATES OF DEPOSIT

Is it necessary to open a debit card together with a checking account?

Opening a debit card together with a checking account is not always obligatory, but it is a widespread and practical choice. A debit card provides convenient access to the funds in your checking account, allows you to...

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What are high-yield savings accounts, and how do they work?

High-yield savings accounts offer higher interest rates than regular savings accounts, which helps your money grow faster. They work like regular savings accounts, where you put money in and the bank charges interest...

Read more
What is the typical minimum balance requirement for a checking account?

The typical minimum balance requirement for a checking account can vary significantly based on the financial institution and the type of account you opt for. Many banks offer checking accounts with no minimum balance...

Read more
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TO CHOOSE?

Ask our Experts and get free advice to your email!

ASK QUESTION

certificate of deposit: WHAT IS IT AND
HOW DOES IT WORK?

A certificate of deposit is a form of time deposit. When you open a CD, you agree to keep your funds in the bank for the term you choose and get a higher interest rate in return. The rates are predetermined, meaning they remain the same throughout the term. What makes them more attractive is that they offer the highest interest rate compared to regular savings accounts.


Typically, a minimum opening deposit of around $1,000 is required when you open a CD, but the amount can vary within banking institutions.


Certificates of deposit have a maturity date, meaning that you can't withdraw money without paying a penalty and usually can't add to them until the date on which the final payment is due. CD terms can be anywhere from a few months to five years after you open the account.


You can take money out of the CD at any time, but if you withdraw funds before the CD matures, you will have to pay an early withdrawal penalty. Generally, different banks give a grace period of four to six days to withdraw money with no penalty after you deposit money into your account.


When the CD matures, you'll have about a week to withdraw your funds. After that, most CDs automatically renew for the same or similar term, but the rate will unlikely be your original rate and will be based on the rate for new CDs for that term.

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comments ABOUT
CERTIFICATES OF DEPOSIT🜂

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