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 08/18/2022*
Table of Contents
- 1 Compare CD Accounts
- 2 Best 6-Month CD Rates – Nationwide
- 3 Best 9-Month CD Rates – Nationwide
- 4 Best 12-Month CD Rates – Nationwide
- 5 Best 18-Month CD Rates – Nationwide
- 6 Best 24-Month CD Rates – Nationwide
- 7 Best 36-Month CD Rates – Nationwide
- 8 Best 48-Month CD Rates – Nationwide
- 9 Best 60-Month CD Rates – Nationwide
- 10 Everything You Need To Know About CDs
Compare CD Accounts
| Certificates of Deposit are going to give you the best return on your savings, so compare to the following: Sallie Mae 14-Month No-Penalty CD (2.70% APY), CIT 11-Month No-Penalty CD (2.00% APY), Discover Bank CD (Up to 3.25% APY), and Quontic Bank (Up to 2.20% APY). |
Best 6-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Barksdale Federal Credit Union | 2.78% | $1K | --- | 6-Month Certificate | Review |
| Fidelity Brokered CD | 2.55% | $1K | --- | 6-month non-callable CD | Issued by ICBC |
| The Vanguard Group Brokered CD | 2.65% | $1K | --- | 4 to 6-month non-callable CD | Issued by 1stSB, ICBC, MZTB |
| Live Oak Bank | 2.50% | $2.5K | --- | 6-Month CD | Review |
| Luana Savings Bank | 2.43% | $100K | --- | 6-Month Certificate Special | Review |
| NASB | 2.38% | $5K | --- | 7-Month CD | Review |
| Merrick Bank | 2.35% | $25K | --- | 6-Month CD | Review |
| My e-BAnC | 2.33% | $5,000 | --- | 6-Month Online Time Deposit CD | Review |
| Banesco USA | 2.25% | $1.5K | --- | 6-Month CD | Review |
| Interior Federal Credit Union | 2.13% | $100K | --- | 6-month Jumbo Share Certificate | Review |
| Lafayette Federal Credit Union | 2.12% | $500 | --- | 7-Month Fixed CD | Review |
Best 9-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| NASA Federal Credit Union | 3.55% | $10K | --- | 9-Month Share Certificate Special | Review |
| Fidelity Brokered CD | 2.85% | $1K | --- | 9-Month non-callable CD | Issued by CBRI |
| The Vanguard Group Brokered CD | 2.85% | $1K | --- | 7-9 Month non-callable CD | Issued by CBRI |
| Sallie Mae Bank | 2.50% | $1 | --- | 10-Month No Penalty CD via SaveBetter | Review |
| Dept of Commerce Federal Credit Union | 2.07% | $25K | --- | 6-11 Month Share Certificate | Review |
| TAB Bank | 2.05% | $1K | --- | 9-Month CD | Review |
| CIT Bank | 2.00% | $1K | --- | 11-Month No-Penalty CD | Review |
Best 12-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| ConnectOne Bank | 3.10% | $500 | $1M | 13-Month CD | Review |
| CFG Bank | 3.05% | $500 | $250K | 12-Month CD | Review |
| Bread Financial | 3.00% | $1.5K | --- | 12-Month CD | Review |
| Sun East Federal Credit Union | 3.00% | $500 | --- | 12-Month CD | Review |
| Fidelity Brokered CD | 3.00% | $1K | --- | 12-Month non-callable CD | Issued by AMEX NB, BMOH, TMBLM |
| Barksdale Federal Credit Union | 2.99% | $1K | --- | 12-Month Certificate | Review |
| The Vanguard Group Brokered CD | 2.95% | $1K | --- | 12-Month non-callable CD | Issued by SBoIIL |
| Banesco USA | 2.85% | $1.5K | --- | 12-Month CD | Review |
| Credit One Bank, N.A. | 2.85% | $100K | --- | 13-Month Jumbo CD | Review |
| SkyOne Federal Credit Union | 2.85% | $1 | --- | 12-Month CD | Review |
| My e-BAnC | 2.79% | $5,000 | --- | 12-Month Online Time Deposit CD | Review |
| Patriot Bank | 2.75% | $1 | --- | 13-Month CD | Review |
| State Bank of Texas (SBT) | 2.75% | $25K | --- | 12-Month CD | Review |
| Rising Bank | 2.75% | $1K | $1M | 12-Month CD | Review |
| Sallie Mae Bank | 2.70% | $1 | --- | 14-Month No-Penalty CD | Review |
| mph.bank | 2.65% | $1 | --- | 12-month High-Yield CD via SaveBetter | Review |
| Latino Credit Union | 2.65% | $200K | --- | 12-Month Jumbo CD | Review |
| Veridian Credit Union | 2.60% | $100K | --- | 12-Month Jumbo CD Special | Review |
| mph.bank | 2.55% | $1 | --- | 10-Month High-Yield CD via SaveBetter | Review |
Best 18-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| NASA Federal Credit Union | 3.75% | $10K | --- | 15-Month Share Certificate Special | Review |
| Bank5 Connect | 3.20% | $500 | $1M | 18-Month CD | Review |
| CFG Bank | 3.20% | $500 | --- | 18-Month CD | Review |
| Langley Federal Credit Union | 3.20% | $500 | --- | 19-Month CD Special | Review |
| Fidelity Brokered CD | 3.15% | $1K | --- | 18-Month non-callable CD | Issued by UBS |
| The Vanguard Group Brokered CD | 3.05% | $1K | --- | 18-Month non-callable CD | Issued by BBSSB, MSPB |
| SkyOne Federal Credit Union | 3.00% | $1 | --- | 18-Month CD | Review |
| Agriculture Federal Credit Union | 3.00% | $250 | $100K | 16-Month Certificate | Review |
| Alliant Credit Union | 3.00% | $1K | --- | 18-Month Share CD | Review |
| My e-BAnC | 2.99% | $5,000 | --- | 18-Month Online Time Deposit CD | Review |
| Credit One Bank, N.A. | 2.95% | $100K | --- | 18-Month Jumbo CD | Review |
| mph.bank | 2.85% | $1 | --- | 18-Month High-Yield CD via SaveBetter | Review |
| Live Oak Bank | 2.85% | $2.5K | --- | 18-Month CD | Review |
| Interior Federal Credit Union | 2.78% | $100K | --- | 20-Month Jumbo CD | Review |
| mph.bank | 2.75% | $1 | --- | 15-Month High-Yield CD via SaveBetter | Review |
| ConnectOne Bank | 2.75% | $500 | --- | 18-Month CD | Review |
| Sallie Mae | 2.75% | $500 | --- | 18-Month CD | Review |
| Latino Credit Union | 2.70% | $200k | --- | 18-Month CD | Review |
Best 24-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Bread Financial | 3.50% | $1,500 | --- | 24-Month CD | Review |
| ConnectOne Bank | 3.30% | $500 | $1M | 23-Month CD | Review |
| Fidelity Brokered CD | 3.30% | $1K | --- | 24-Month Non-callable CD | Issued by AMEX NB, DIS, UBS |
| The Vanguard Group Brokered CD | 3.30% | $1K | --- | 24-Month Non-callable CD | Issued by AMEX NB |
| USALLIANCE Financial | 3.25% | $500 | --- | 24-Month CD Certificate Special | Review |
| My e-BAnC | 3.20% | $5,000 | --- | 24-Month Online Time Deposit CD | Review |
| Merrick Bank | 3.10% | $25K | --- | 24-Month CD | Review |
| Barksdale Federal Credit Union | 3.04% | $1K | --- | 24-Month Certificate | Review |
| State Bank of India | 3.03% | $2.5K | --- | 24-Month Senior Citizen CD | Review |
| Interior Federal Credit Union | 3.02% | $100K | --- | 23-Month Jumbo Share Certificate | Review |
| Abound Credit Union | 3.00% | $500 | --- | 26-Month CD Special | Review |
| Consumers Credit Union | 3.00% | $250K | --- | 22-Month Super Jumbo CD Special | Review |
| PenFed Credit Union | 3.00% | $1K | --- | 24-Month Money Market Certificate | Review |
| Service Credit Union | 3.00% | $500 | --- | 24-Month Share Certificate | Review |
| Sallie Mae Bank | 3.00% | $2.5K | --- | 24-Month CD | Review |
Best 36-Month CD Rates – Nationwide
| Bank/Credit Union | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| CFG Bank | 3.55% | $500 | --- | 36-Month CD | Review |
| Bread Financial | 3.55% | $1,500 | --- | 36-Month CD | Review |
| My e-BAnC | 3.51% | $5,000 | --- | 36-Month Online Time Deposit CD | Review |
| EFCU Financial | 3.35% | $500 | --- | 36-Month CD | Review |
| The Vanguard Group Brokered CD | 3.35% | $1K | --- | 36-Month Non-callable CD | Issued by SMB |
| Navy Federal Credit Union | 3.30% | $1K | $100K | 33-Month Certificate Special | Review |
| Fidelity Brokered CD | 3.30% | $1K | --- | 36-Month Non-callable CD | Issued by SYN |
| Connexus Credit Union | 3.26% | $5K | --- | 36-Month Certificate | Review |
| Agriculture Federal Credit Union | 3.25% | $250 | $100K | 36-Month Certificate | Review |
| PenFed Credit Union | 3.25% | $1K | --- | 36-Month Money Market Certificate | Review |
| USALLIANCE Financial | 3.25% | $500 | --- | 36-Month Certificate Special | Review |
| State Bank of India | 3.19% | $25K | --- | 36-Month Senior Citizen CD | Review |
Best 48-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| NASA Federal Credit Union | 3.85% | $10K | --- | 49-Month Share Certificate Special | Review |
| Bread Financial | 3.60% | $1,500 | --- | 48-Month Bread Savings CD | Review |
| EFCU Financial | 3.60% | $100K | --- | 48-Month Jumbo CD | Review |
| EFCU Financial | 3.50% | $500 | --- | 48-Month CD | Review |
| Lafayette Federal Credit Union | 3.39% | $500 | --- | 48-Month Fixed CD | Review |
| Fidelity Brokered CD | 3.35% | $1K | --- | 48-Month Non-callable CD | Issued by COBNA, COBUSA, DIS |
| The Vanguard Group Brokered CD | 3.35% | $1K | --- | 48-Month Non-callable CD | Issued by COBNA, COBUSA |
| State Bank of India | 3.24% | $25K | --- | 48-Month Senior Citizen CD | Review |
| Popular Direct | 3.15% | $10K | --- | 48-Month CD | Review |
| Synchrony Bank | 3.10% | $1 | --- | 48-month CD | Review |
| TAB Bank | 3.10% | $1K | --- | 48-month CD | Review |
| Interior Federal Credit Union | 3.09% | $100K | --- | 48-month Jumbo Share Certificate | Review |
| Luana Savings Bank | 3.05% | $100K | --- | 48-Month CD | Review |
| Latino Credit Union | 3.05% | $100K | --- | 48-Month Jumbo CD | Review |
Best 60-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| EFCU Financial | 3.75% | $500 | --- | 60-Month CD | Review |
| Bread Financial | 3.65% | $1.5K | --- | 60-Month Bread Savings CD | Review |
| CFG Bank | 3.65% | $500 | $250K | 60-Month CD | Review |
| Lafayette Federal Credit Union | 3.64% | $500 | --- | 60-Month Fixed CD | Review |
| Service Credit Union | 3.50% | $500 | --- | 60-Month Share Certificate | Review |
| The Vanguard Group Brokered CD | 3.45% | $1K | --- | 60-Month Non-callable CD | Issued by SBoI |
| Fidelity Brokered CD | 3.45% | $1K | --- | 60-Month Non-callable CD | Issued by SBoI |
| Credit One Bank, N.A. | 3.35% | $100K | --- | 60-Month Jumbo CD | Review |
| State Bank of India | 3.34% | $25K | --- | 60-Month Senior Citizen CD | Review |
| M.Y. Safra Bank | 3.26% | $500 | --- | 60-Month CD | Review |
| Alliant Credit Union | 3.25% | $1K | --- | 60-Month Share CD | Review |
| AgFed Credit Union | 3.20% | $250 | --- | 60-Month Certificate | Review |
| PenFed Credit Union | 3.20% | $1K | --- | 60-Month Money Market Certificate | Review |
| Interior Federal Credit Union | 3.14% | $100K | --- | 60-Month Jumbo Share Certificate | Review |
*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
| Discover Bank | Up to 3.25% APY | Review |
| Quontic Bank | Up to 2.20% APY | Review |
| Sallie Mae | 2.70% APY 14-Month No-Penalty CD | Review |
| Sallie Mae | 2.50% APY 10-Month No-Penalty CD | Review |
| CIT Bank | 2.00% APY 11-Month No-Penalty CD | Review |
| CIT Bank | 2.10% APY 13-Month CD | Review |
2 Yr CD, 3.00% APY, USALLIANCE Financial Credit Union.
1 Yr CD, 2.26% APY, Connexus Credit Union.
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
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
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
EFCU Financial rates are woefully out of date. Current rates are much lower.
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 ?
From what I understand, banks consolidate accounts to insure up to 250k. Best to open an account at a different institution.
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
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
These twelve month rates are wildly incorrect. For June 1 CD Bank 12 month is 2.70. Limelight 12 month CD is 2.82.
Thanks Lisa! I just updated the 12-month table.
On 15-month CD, NASA Federal Credit Union has no limited on fund deposit as you stated $50k
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?
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!
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.