If you’re in the market to save money but want to lock it in, then you’re in the right places to see our comprehensive list of the Best CD Rates available.
CDs or Certificate of Deposit is a certificate issued by the bank to a person depositing their money for a specific amount of time. During the specified time period your money is deposited, you will earn a certain APY for your specific CD account. The one thing about CDs versus Savings account is that you cannot withdraw from it during the on-going CD length without a penalty.
This is great for those who just want to invest and forget. The attractive feature of a CD is that the APY rates are quite high and that makes you WANT to leave your money alone so that it can earn you money without additional fuss. Below are the best CD Rates for various lengths such as 6-Month, 9-Month, 1 Year, 18-Month, 24-Month, 36-Month, 48-Month, an 60-Month CD term!
This is HustlerMoneyBlog’s absolute best guide to find the best CD rates for your specific needs. Those looking for the safest investment for your money, then Certificates of Deposit will be the best return on your savings. Additionally you will get more bang for your buck if you invest in online banks for the highest rates on your CDs.
*The rates below are accurate as of 04/04/2023*
Best CD Rates
Alliant Credit Union 12-Month Certificate (5.45% APY) | Western Alliance Bank 3-Month CD (5.36% APY) |
Ponce Bank 1-Month CD (5.30% APY) | Technology Credit Union 5-Month No-Penalty CD (5.25% APY) |
Mission Valley Bank 3-Month No Penalty CD (5.15% APY) | Ponce Bank 3-Month CD (5.35% APY) |
Quontic Bank 12-Month CD (5.30% APY) | Ponce Bank 4-Month No-Penalty CD (5.30% APY) |
SkyOne Federal Credit Union 5-Month CD (5.35% APY) | Lemmata Savings Bank 9-Month CD (5.20% APY) |
Sun Canyon Bank 5-Month CD (5.15% APY) | Sun Canyon Bank 11-Month CD (5.10% APY) |
Alliant Credit Union | 5.45% APY 12-Month Certificate | Review |
Western Alliance Bank | 5.36% APY 3-Month CD | Review |
SkyOne Federal Credit Union | 5.35% APY 5-Month CD | Review |
Ponce Bank | 5.35% APY 3-Month High Yield CD | Review |
Ponce Bank | 5.30% APY 1-Month High Yield CD | Review |
Quontic Bank | 5.30% APY 12-Month CD | Review |
Technology Credit Union | 5.25% APY 5-Month No-Penalty CD | Review |
Western Alliance Bank | 5.23% APY 6-Month CD | Review |
Lemmata Savings Bank | 5.20% APY 9-Month CD | Review |
Rising Bank | 5.20% APY 6-Month CD | Review |
Sun Canyon Bank | 5.18% APY 11-Month CD | Review |
Mission Valley Bank | 5.15% APY 3-Month No Penalty CD | Review |
Sun Canyon Bank | 5.10% APY 5-Month CD | Review |
Blue Federal Credit Union | 5.10% APY 9-Month No Penalty CD | Review |
First Tech Federal Credit Union | 5.00% APY 13-Month Share Certificate | Review |
First Citizens Bank | 5.00% APY 11-Month CD | Review |
First Financial Northwest Bank | 5.00% APY 12-Month CD | Review |
CIT Bank | 5.00% APY 6-Month CD | Review |
GreenState Credit Union | 4.95% APY 10-Month CD | Review |
WECU | 4.95% APY 6-Month High-Yield CD | Review |
CIT Bank | 4.90% APY 11-Month No-Penalty CD | Review |
Western Alliance Bank | 4.71% APY 12-Month CD | Review |
Blue Federal Credit Union | 4.70% APY 15-Month CD | Review |
Discover Bank | 4.70% APY 12-Month CD | Review |
CIT Bank | 4.65% APY 13-Month CD | Review |
CIT Bank | 4.60% APY 18-Month CD | Review |
First Mid Bank & Trust | 4.50% APY 9-Month CD | Review |
SkyOne Federal Credit Union | 4.50% APY 15-Month CD | Review |
SkyOne Federal Credit Union | 4.20% APY 12-Month CD | Review |
Best 6-Month CD Rates – Nationwide
Bank | APY | Min | Max | Account Name | Review |
---|---|---|---|---|---|
West Town Bank & Trust | 5.88% | $10K | --- | 7-Month CD | Review |
TotalDirectBank | 5.76% | $25,000 | $1M | 6-Month CD | Review |
Interior Federal Credit Union | 5.75% | $500 | --- | 6-Month CD | Review |
Presidential Bank | 5.75% | $1K | --- | 6-Month CD | Review |
Bayer Heritage FCU | 5.65% | $100 | --- | 6-Month CD | Review |
My eBanc | 5.57% | $50K | --- | 6-Month Jumbo Online Time Deposit | Review |
Credit Human FCU | 5.55% | $1K | --- | 6-11 Month CD | Review |
Popular Direct | 5.55% | $10K | --- | 6-Month Popular Direct CD | Review |
Bank5 Connect | 5.50% | $500 | --- | 6-Month CD | Review |
Fidelity Brokered CD | 5.40% | $1K | --- | 6-month non-callable CD | Issued by IBMI, SBoI, SEB |
The Vanguard Group Brokered CD | 5.40% | $1K | --- | 4 to 6-month non-callable CD | BoC, FLSH, IBTX, MRBI |
Technology Credit Union | 5.36% | $1 | --- | 5-Month CD No Penalty CD | Review |
AFFCU | 5.25% | $1K | --- | 7-Month CD | Review |
Western Alliance Bank | 5.23% | $1 | --- | 6-Month CD | Review |
All In Credit Union | 5.17% | $100K | --- | 6-Month Jumbo CD | Review |
Rising Bank | 5.15% | $1K | --- | 6-Month Term CD | Review |
CIT Bank | 5.00% | $1K | --- | 6-Month CD | Review |
Best 9-Month CD Rates – Nationwide
Bank | APY | Min | Max | Account Name | Review |
---|---|---|---|---|---|
Securityplus Federal Credit Union | 6.00% | $1K | $50K | 8-Month CD | Review |
BluPeak Credit Union | 5.75% | $1K | --- | 9-Month CD | Review |
Forbright Bank | 5.75% | $1K | --- | 9-Month CD | Review |
Elements Financial | 5.50% | $1K | --- | 8-Month CD Special | Review |
Merrick Bank | 5.50% | $25K | --- | 9-Month CD | Review |
Fidelity Brokered CD | 5.40% | $1K | --- | 9-Month non-callable CD | Issued by BoC, LCB, SEB |
The Vanguard Group Brokered CD | 5.40% | $1K | --- | 7-9 Month non-callable CD | Issued by BoC, LCB, SBoI |
NASA FCU | 5.30% | $10K | --- | 9-Month CD | Review |
Workers Credit Union | 5.25% | $500 | --- | 9-Month CD Special | Review |
CIBC Bank USA | 5.11% | $1K | --- | 9-Month Agility CD | Review |
Blue Federal Credit Union | 5.10% | $1 | --- | 9-Month CD No-Penalty via SaveBetter | Review |
Brilliant Bank | 5.05% | $1K | $500K | 9-Month CD | Review |
CIT Bank | 4.90% | $1K | --- | 11-Month No-Penalty CD | Review |
Sallie Mae Bank | 4.70% | $1 | --- | 10-Month No Penalty CD via SaveBetter | Review |
First Mid Bank & Trust | 4.50% | $1 | --- | 9-Month High Yield CD via SaveBetter | Review |
Best 12-Month CD Rates – Nationwide
Bank | APY | Min | Max | Account Name | Review |
---|---|---|---|---|---|
Bayer Heritage FCU | 6.18% | $100 | $100K | 12-Month CD | Review |
State Bank of Texas | 5.85% | $5K | --- | 12-Month CD | Review |
State Bank of India | 5.77% | $2.5K | --- | 12-Month Senior Citizen CD | Review |
West Town Bank & Trust | 5.77% | $10K | --- | 11-Month CD Special | Review |
Dow Credit Union | 5.76% | $500 | --- | 13-Month CD Special | Review |
Finworth | 5.70% | $50K | $240K | 14-Month CD | Review |
Popular Direct | 5.67% | $10K | --- | 12-Month CD | Review |
Forbright Bank | 5.65% | $1K | --- | 12-Month CD | Review |
NexBank | 5.65% | $25K | $5M | 12-Month CD | Review |
Limelight Bank | 5.63% | $1K | --- | 12-Month CD | Review |
Lafayette Federal Credit Union | 5.61% | $100K | --- | 12-Month Jumbo CD | Review |
CommunityWide Federal Credit Union | 5.60% | $1K | --- | 12-Month CD | Review |
My eBanc | 5.57% | $100K | --- | 12-Month Jumbo | Review |
Colorado Federal Savings Bank | 5.55% | $5K | --- | 12-Month CD | Review |
Latino Credit Union | 5.55% | $200K | --- | 12-Month Jumbo CD | Review |
Elements Financial | 5.50% | $1K | --- | 13-Month CD Special | Review |
Merrick Bank | 5.50% | $25K | $250K | 12-Month CD | Review |
CIBC Bank USA | 5.36% | $25K | $250K | 13-Month CD | Review |
Bread Financial | 5.35% | $1.5K | --- | 12-Month Bread Savings CD | Review |
Blue Federal Credit Union | 5.25% | $1 | --- | 15-Month CD | Review |
All In Credit Union | 5.17% | $100K | --- | 12-Month Jumbo CD | Review |
Patriot Bank | 5.15% | $1 | --- | 13-Month CD | Review |
CIT Bank | 4.90% | $1K | --- | 11-Month No-Penalty CD | Review |
Western Alliance Bank | 4.71% | $1 | --- | 12-Month CD | Review |
Best 18-Month CD Rates – Nationwide
Bank | APY | Min | Max | Account Name | Review |
---|---|---|---|---|---|
Seattle Bank | 5.80% | $1K | --- | 18-Month CD | Review |
USALLIANCE Financial | 5.75% | $500 | --- | 18-Month CD | Review |
Skyla Credit Union | 5.70% | $50K | --- | 18-Month Jumbo Senior CD | Review |
Luana Savings Bank | 5.68% | $5K | --- | 17-Month CD Special | Review |
My eBanc | 5.68% | $100K | --- | 18-Month Jumbo Online Time Deposit | Review |
Finworth | 5.65% | $50K | $240K | 18-Month CD | Review |
Hyperion Bank | 5.65% | $500 | --- | 15-Month CD | Review |
Credit Human FCU | 5.60% | $1K | --- | 17-Month CD | Review |
Veridian Credit Union | 5.60% | $100K | --- | 15-Month Jumbo CD | Review |
Expedition Credit Union | 5.51% | $2.5K | --- | 15-Month CD | Review |
Latino Credit Union | 5.50% | $200K | --- | 18-Month Jumbo CD | Review |
Popular Direct | 5.50% | $10K | --- | 18-Month CD | Review |
Quorum Federal Credit Union | 5.50% | $1000 | --- | 15-Month CD | Review |
Blue Federal Credit Union | 5.25% | $1 | --- | 15-Month CD via SaveBetter | Review |
Rising Bank | 4.91% | $1K | --- | 15-Month CD | Review |
Best 24-Month CD Rates – Nationwide
Bank | APY | Min | Max | Account Name | Review |
---|---|---|---|---|---|
Finworth | 5.50% | $50K | --- | 22-Month CD | Review |
La Capitol Federal Credit Union | 5.50% | $25K | --- | 26-Month Bump Share Certificate Special | Review |
Seattle Bank | 5.50% | $1K | --- | 24-Month CD | Review |
Luana Savings Bank | 5.47% | $100K | --- | 24-Month CD Special | Review |
MapleMark Bank | 5.40% | $25K | --- | 24-Month Special CD | Review |
Digital Federal Credit Union | 5.39% | $25K | --- | 23-Month Jumbo CD | Review |
Chartway Federal Credit Union | 5.30% | $500 | --- | 23-Month Promo Share Certificate | Review |
Lafayette Federal Credit Union | 5.30% | $100K | --- | 24-Month Jumbo CD | Review |
Skyla Credit Union | 5.30% | $50K | --- | 24-Month Jumbo CD | Review |
Crescent Bank | 5.25% | $1K | --- | 24-Month CD | Review |
Summit Credit Union | 5.25% | $5K | --- | 22-Month CD Special | Review |
Best 36-Month CD Rates – Nationwide
Bank/Credit Union | APY | Min | Max | Account Name | Review |
---|---|---|---|---|---|
Workers Credit Union | 5.50% | $500 | --- | 36-Month CD | Review |
United States Senate Federal Credit Union | 5.34% | $200K | --- | 36-Month Share Certificate | Review |
Luana Savings Bank | 5.27% | $100K | --- | 36-Month CD | Review |
Skyla Credit Union | 5.20% | $50K | --- | 36-Month Jumbo Share Certificate | Review |
Lafayette Federal Credit Union | 5.20% | $100K | --- | 36-Month Jumbo CD | Review |
Crescent Bank | 5.05% | $1K | --- | 30-Month CD | Review |
M.Y. Safra Bank | 5.05% | $500 | --- | 36-Month Online CD | Review |
BMO Alto | 5.00% | No Minimum | --- | 36-Month Online CD | Review |
The Federal Savings Bank | 5.00% | $5K | --- | 36-Month CD | Review |
Popular Direct | 5.00% | $10K | --- | 36-Month Popular Direct CD | Review |
MySavingsDirect | 5.00% | $1K | --- | 36-Month CD | Review |
Quontic Bank | 4.40% | $500 | --- | 36-Month CD | Review |
Best 48-Month CD Rates – Nationwide
Bank | APY | Min | Max | Account Name | Review |
---|---|---|---|---|---|
United States Senate Federal Credit Union | 4.92% | $200K | --- | 48-Month Share Certificate | Review |
BMO Alto | 4.90% | No Min | --- | 48-Month Online CD | Review |
Lafayette Federal Credit Union | 4.84% | $100K | --- | 48-Month Jumbo CD | Review |
First National Bank of America | 4.80% | $1K | --- | 48-Month CD | Review |
Crescent Bank | 4.75% | $1K | --- | 48-Month CD | Review |
iGObanking | 4.75% | $1K | --- | 48-Montth CD | Review |
KS StateBank | 4.75% | $1K | --- | 48-Month CD | Review |
NASA Federal Credit Union | 4.75% | $10K | --- | 49-Month Share Certificate Special | Review |
Best 60-Month CD Rates – Nationwide
Bank | APY | Min | Max | Account Name | Review |
---|---|---|---|---|---|
Advancial | 5.40% | $50K | --- | 60-Month Jumbo CD | Review |
United States Senate FCU | 4.97% | $200K | --- | 60-Month Jumbo CD | Review |
State Bank of India | 4.94% | $2.5K | --- | 60-Month Senior Citizen CD | Review |
Department of Commerce FCU | 4.77% | $25K | --- | 60-Month Jumbo CD | Review |
BMO Alto | 4.75% | No Min | --- | 60-Month Online CD | Review |
M.Y. Safra Bank | 4.66% | $500 | --- | 60-Month CD | Review |
Self-Help Federal Credit Union | 4.65% | $500 | --- | 60-Month CD | Review |
First National Bank of America | 4.65% | $1K | --- | 60-Month CD | Review |
Popular Direct | 4.60% | $10K | --- | 60-Month Popular Direct CD | Review |
Fidelity Brokered CD | 4.45% | $1K | --- | 60-Month Non-callable CD | Issued by SBoI |
The Vanguard Group Brokered CD | 4.45% | $1K | --- | 60-Month Non-callable CD | Issued by 1stNBA, DIS, USB |
Quontic Bank | 4.30% | $500 | --- | 60-Month CD | Review |
Best No Penalty CD Rates
*Disclaimer* Since these rates change daily, make sure to confirm the latest rates by visiting the bank site directly using our links below. You’ll find the best CD rates from all the best banks ranked from highest to lowest based on CD term. Listed are the Annual Percentage Yields (APYs) and Length of the CD.
Everything You Need To Know About CDs
Simply put, they are deposit accounts to earn a fixed interest rate over your chosen term length.
Unlike a checking or savings account, you cannot access your money without penalty until the CD term is over.
You will find that CDs interest rates are always higher than traditional Checking and Savings accounts.
CDs rates are fixed for terms as long as 60 months and cannot be changed unlike Savings or Checking account rates.
Up to $250,000 per account (FDIC insured for banks and NCUA insured for credit unions)
CDs are low maintenance with the only requirement is to keep your money in your account until your CD matures while earning interest.
Make sure to set up a calendar reminder once the CD term matures, otherwise most banks will automatically renew the CD at the end of the term.
Obviously you don’t have access to your money before your term ends unless you want to incur penalty fees.
Make sure to put away money in a CD that you know you can afford.
Many people don’t want to commit long term to a CD, but still want to earn a higher interest rate. There is a tactic you can employ with CDs called “CD Laddering” which involves setting up multiple CDs with differing term lengths.
E.G $10K investment into 5 different CD length: Instead of putting the entire $10,000 into one 5-year CD, you put $2,000 into 5 different CDs (i.e. 1,2,3,4,5-year CDs).
With each CD expiring with every passing year, you can decide to either withdraw the money or re-invest it into another CD. You are essentially earning money on a higher interest if you decided to use this route.
You can visit your local traditional brick-and-mortar bank to open a CD account, but they cannot compete with the online banks since they have overhead costs.
Rule of thumb when finding the best rate is Online Banks > Credit Unions > Regional Banks > National Banks.
You will find all the best online CD rates below and I highly suggest you go with online banks for all your CDs needs.
Online CD accounts have the best rates by far. It’s a wise move to get the highest rate for your investments.
Since they operate online, all online banks CD accounts are available to everyone nationwide. They can keep the cost down with no branches overhead in order to provide the most competitive rates!
Steps for the best rates for Online CD Accounts: You want to figure out what the minimum balance requirement for the term you want to earn the listed Annual Percentage Yield (APY).
Then choose your CD term you are comfortable leaving your money for the entire length of the CD term is earn the interest higher rate. Your is tied up for the entire CD term so make sure not to withdraw the due date, otherwise you will incur an early withdrawal penalty fee.
Editor’s Note: Looking for a more specific term CD? See these posts below:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
- Best No Penalty CD Rates
Adi says
Hi All,
Thank you so much for this post!
I had one question: should I assume that all the CDs listed here are callable with the exception of the ones that specifically say they are non-callable above? If so, is it worth pursuing a higher interest rate for a callable CD or just going for a non-callable CD at a lower interest rate?
Thank You!
Tom says
2 Yr CD, 3.00% APY, USALLIANCE Financial Credit Union.
1 Yr CD, 2.26% APY, Connexus Credit Union.
OC says
This is a different Credit Union
Lafayette Federal Credit Union 18 month special was only for November.. Should be remove from the December list.. 1 day left, not that it matters
OC says
Lafayette Federal Credit Union 18 month special was only for November.. Should be remove from the December list.. 1 day left, not that it matters
OC Investors says
All the American Heritage Federal Credit Union are restricted to Tri States ONLY.
I just tried to open their 4 months special @ 4% APY and even asked about their 15 month Share Certificate..
Nothing for us poor Californians… lol
Hunter A Payne says
EFCU Financial rates are woefully out of date. Current rates are much lower.
Nik says
i just open a 245K personal CD to a bank you advised.
Can i open another similar 245K CD using the same bank and still be insured to the full amount ?
Zodi says
From what I understand, banks consolidate accounts to insure up to 250k. Best to open an account at a different institution.
sal says
If put POD on the account (payment upon death) with 2 other people names, DOB and their SS# you will be insured up to 500K
DM says
What’s the difference between “Nationwide” and “State/Local” CDs? Do you have to live in the state to be able to invest in the “State/Local” CDs? Why are they separated?
I’m shopping for a 15-18 month CD. Is NASA FCU my best option at 2.50% or can I take advantage of Amplify CU’s 3.00% out of TX?
Thanks,
DM
Lisa Goodwin says
These twelve month rates are wildly incorrect. For June 1 CD Bank 12 month is 2.70. Limelight 12 month CD is 2.82.
Anthony Nguyen says
Thanks Lisa! I just updated the 12-month table.
eeennn says
On 15-month CD, NASA Federal Credit Union has no limited on fund deposit as you stated $50k
sj says
hi thanks for all the info on your site.
I have a question though..
can i use use the reward code you have listed at the bank account promo page(Discover Bank Online Savings Account: Earn a $200 Bonus) to open a CD account?
and which banks have cd account signup promos from time to time?
Danny Nguyen says
Hi sj,
Thank you for being a valued reader! Unfortunately, the reward code is exclusively for the savings account.
As far as CD accounts having promotions with incentives, it’s not very common. There may be some via special promotions, but there aren’t any that we are currently aware of.
Hope this helps!
Donald says
KeyBank is offering an in-branch 13 month CD special of 1.25% APY on $10,000 in new deposits. I can’t find any mention of this special online.