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.
| CIT BANK CD TERM | RATE | LINK |
| 12-Month Term | 1.86% APY | Apply Now |
| 13-Month Term | 1.82% APY | Apply Now |
| 18-Month Term | 1.85% APY | Apply Now |
| DISCOVER CD TERM | RATE | LINK |
| 12-Month Term | 1.75% APY | Apply Now |
| 24-Month Term | 1.75% APY | Apply Now |
| 36-Month Term | 1.80% APY | Apply Now |
| 48-Month Term | 1.80% APY | Apply Now |
| 84-Month Term | 1.80% APY | Apply Now |
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
Table of Contents
- 1 Everything You Need To Know About CDs
- 2 Best 6-Month CD Rates – Nationwide
- 3 Best 6-Month CD Rates – State/Local
- 4 Best 9-Month CD Rates – Nationwide
- 5 Best 9-Month CD Rates – State/Local
- 6 Best 12-Month CD Rates – Nationwide
- 7 Best 12-Month CD Rates – State/Local
- 8 Best 18-Month CD Rates – Nationwide
- 9 Best 18-Month CD Rates – State/Local
- 10 Best 24-Month CD Rates – Nationwide
- 11 Best 24-Month CD Rates – State/Local
- 12 Best 36-Month CD Rates – Nationwide
- 13 Best 36-Month CD Rates – State/Local
- 14 Best 48-Month CD Rates – Nationwide
- 15 Best 48-Month CD Rates – State/Local
- 16 Best 60-Month CD Rates – Nationwide
- 17 Best 60-Month CD Rates – State/Local
Everything You Need To Know About CDs
Certificate of Deposit: 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.
CDs VS Checking/Savings Accounts: 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.
CD Accounts FDIC Insured: Up to $250,000 per account (FDIC insured for banks and NCUA insured for credit unions)
Pros about CDs: 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.
Cons about CDs: 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.
CD Laddering Tactic: 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.
Open a CD Account: 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.
Best CDs Online Banks: 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.
*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.
Best 6-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Advancial | 1.68% | $50k | --- | 6-Month Jumbo CD | Review |
| Lafayette Federal Credit Union | 1.51% | $500 | --- | 7-Month Fixed CD | Review |
| CommunityWide Federal Credit Union | 1.45% | $1k | --- | 6-Month CD | Review |
| Limelight Bank | 1.45% | $1k | --- | 6-Month CD | Review |
| Partner Colorado Credit Union | 1.30% | $100k | --- | 6-Month Jumbo CD | Review |
| ableBanking | 1.20% | $1k | --- | 6-Month CD | Review |
| My e-BAnC | 1.00% | $5k | --- | 6-Month eCD | Review |
Best 6-Month CD Rates – State/Local
| Bank | State(s) | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|---|
| Peoples State Bank | KS | 2.02% | $1k | --- | 6-Month CD | Review |
| Premier Credit Union | IA | 1.10% | $2k | --- | 7-Month CD | Review |
Best 9-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Spectrum Credit Union | 1.55% | $500 | --- | 9-Month CD | Review |
| TAB Bank | 1.30% | $1k | --- | 9-Month CD | Review |
| TIAA Bank | 1.25% | $5k | $1M | 9-Month CD | Review |
| BrioDirect | 1.20% | $500 | --- | 9-Month CD | Review |
| Consumers Credit Union | 1.10% | $100k | --- | 8-Month Jumbo CD | Review |
| NASA Federal Credit Union | 1.10% | $10k | --- | 9-Month CD | Review |
Best 9-Month CD Rates – State/Local
| Bank | State(s) | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|---|
| Bank of Lake Mills | WI | 1.51% | $2.5k | --- | 10-Month CD | Review |
| Financial Center First Credit Union | IN | 1.50% | $500 | --- | 1-60 Month Blended StepSmart CD | Review |
| BankGloucester | MA | 1.02% | $500 | $49,999.99 | 9-Month CD | Review |
| Rockland Federal Credit Union | MA | 1.00% | $500 | --- | 9-Month CD | Review |
| Walpole Co-operative Bank | MA | 1.00% | $1k | --- | 10-Month CD | Review |
Best 12-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Spectrum Credit Union | 2.10% | $500 | --- | 13-Month CD | Review |
| Gateway First Bank | 2.02% | $25,000 | --- | 12-Month CD | Review |
| Live Oak Bank | 1.90% | $2.5k | --- | 12-Month CD | Review |
| Merrick Bank | 1.90% | $25K | --- | 12-Month CD | Review |
| CIT Bank | 1.86% | $1k | --- | 12-Month CD | Review |
| Barclays | 1.85% | --- | --- | 12-Month Online CD | Review |
| Marcus by Goldman Sachs | 1.85% | $500 | --- | 12-Month CD | Review |
| Banesco USA | 1.75% | $1.5k | $250k | 12-Month CD | Review |
| Pen Air Federal Credit Union | 1.70% | $500 | --- | 12-Month CD | Review |
| Veridian Credit Union | 1.70% | $100k | --- | 12-Month CD | Review |
Best 12-Month CD Rates – State/Local
| Bank | State(s) | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|---|
| EFCU Financial | LA | 2.45% | $100k | --- | 12-Month CD | Review |
| Elga Credit Union | MI | 2.20% | $500k | --- | 15-Month CD | Review |
| Farmers and Merchants Bank | NE | 2.17% | $75k | --- | 13-Month CD | Review |
| Dort Federal Credit Union | MI | 1.80% | $100k | --- | 12-Month CD | Review |
| Palmetto Citizens Federal Credit Union | SC | 1.76% | $100k | --- | 12 Month CD | Review |
| TEXAR Federal Credit Union | TX, AR | 1.75% | $1k | --- | 12-Month CD | Review |
| Seattle Bank | WA | 1.65% | $1k | --- | 12-Month CD | Review |
| Travis Credit Union | CA | 1.50% | $500 | --- | 13-Month CD | Review |
Best 18-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Navy Federal Credit Union | 2.25% | $50 | --- | 17-Month CD | Review |
| Pen Air Federal Credit Union | 2.00% | $500 | --- | 18-Month CD | Review |
| Live Oak Bank | 1.90% | $2.5k | --- | 18-Month CD | Review |
| Merrick Bank | 1.90% | $25K | --- | 18-Month CD | Review |
| Barclays | 1.85% | --- | --- | 18-Month CD | Review |
| CIT Bank | 1.85% | $1k | --- | 18-Month CD | Review |
| Marcus by Goldman Sachs | 1.85% | $500 | --- | 18-Month CD | Review |
| Advancial | 1.81% | $50k | --- | 18-Month CD | Review |
| Discover Bank | 1.75% | $2.5k | --- | 18-Month CD | Review |
| Synchrony Bank | 1.50% | $2k | --- | 18-Month CD | Review |
Best 18-Month CD Rates – State/Local
| Bank | State(s) | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|---|
| EFCU Financial | LA | 2.55% | $100k | --- | 18-Month Jumbo IRA | Review |
| 1st Resource Credit Union | AL | 2.01% | --- | --- | 15-Month CD | Review |
| Palmetto Citizens Federal Credit Union | SC | 1.81% | $100k | --- | 18-Month CD | Review |
| Encompass Credit Union | IN | 1.76% | $500 | --- | 18-Month CD | Review |
| Stamford Federal Credit Union | CT | 1.51% | $500 | --- | 18-Month CD | Review |
| Solidarity | IN | 1.37% | $500 | --- | 17-Month CD | Review |
| Charlotte Metro Credit Union | NC, SC | 1.20% | $50k | --- | 18-Month Senior Jumbo CD | Review |
Best 24-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| XCEL Federal Credit Union | 2.25% | $500 | --- | 24-Month IRA | Review |
| Spectrum Credit Union | 2.20% | $500 | --- | 24-Month CD | Review |
| Hughes Federal Credit Union | 2.12% | $99k | --- | 29-Month Jumbo CD | Review |
| Cross River Bank | 2.10% | $500 | --- | 24-Month CD | Review |
| Merrick Bank | 1.95% | $25K | --- | 24-Month CD | Review |
| Advancial | 1.93% | $50K | --- | 24-Month Jumbo CD | Review |
| Pen Air Federal Credit Union | 1.90% | $500 | --- | 24-Month CD | Review |
| Barclays | 1.85% | --- | --- | 24-Month Online CD | Review |
| Marcus By Goldman Sachs | 1.85% | $500 | --- | 24-Month CD | Review |
| Keesler Federal Credit Union | 1.77% | $1K | --- | 21-Month Step Up CD | Review |
| AFFCU | 1.75% | $100k | --- | 24-Month CD | Review |
Best 24-Month CD Rates – State/Local
| Bank | State(s) | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|---|
| EFCU Financial | LA | 2.70% | $100k | --- | 30-Month Jumbo IRA | Review |
| EFCU Financial | LA | 2.65% | $100k | --- | 24-Month Jumbo IRA | Review |
| Rio Grande Credit Union | NM | 2.43% | $25k | --- | 24-Month Jumbo CD | Review |
| Louisiana Federal Credit Union | LA | 2.32% | $100K | --- | 24-Month Jumbo CD | Review |
| Encompass Credit Union | IN | 2.02% | $500 | --- | 24-Month CD | Review |
| Louisiana Federal Credit Union | LA | 2.02% | $1K | --- | 24-Month CD | Review |
Best 36-Month CD Rates – Nationwide
| Bank/Credit Union | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Navy Federal Credit Union | 3.00% | $50 | --- | 37-Month IRA | Review |
| Hughes Federal Credit Union | 2.22% | $99k | --- | 36-Month Jumbo CD | Review |
| Pen Air Federal Credit Union | 2.20% | $500 | --- | 36-Month CD | Review |
| Keesler Federal Credit Union | 2.14% | $100k | --- | 30-month Jumbo Step CD | Review |
| Advancial | 2.04% | $50k | --- | 36-Month Jumbo CD | Review |
| Dow Chemical Employees' Credit Union | 1.90% | $50k | --- | 36-Month Simple CD | Review |
| Marcus by Goldman Sachs | 1.85% | $500 | --- | 36-Month CD | Review |
| First National Bank of America | 1.80% | $1k | --- | 36-Month CD | Review |
| Northrop Grumman Federal Credit Union | 1.79% | $40k | --- | 36-Month Bonus Term CD | Review |
| Greenwood Credit Union | 1.60% | $1k | --- | 36-Month CD | Review |
Best 36-Month CD Rates – State/Local
| Bank | State(s) | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|---|
| Rio Grande Credit Union | NM | 2.58% | $25k | --- | 36-Month CD | Review |
| Kansas City Credit Union | MO | 2.50% | $500 | --- | 36-Month CD | Review |
| Encompass Credit Union | IN | 2.02% | $500 | --- | 36-Month CD | Review |
| Woodruff Federal Savings and Loan Association | SC | 1.81% | $1k | --- | 36-Month CD | Review |
| Solidarity | IN | 1.67% | $500 | --- | 37-Month CD | Review |
| SAFE Federal Credit Union | SC | 1.57% | $100k | --- | 36-Month CD | Review |
Best 48-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Pen Air Federal Credit Union | 2.30% | $500 | --- | 48-Month CD | Review |
| Advancial | 2.10% | $50k | --- | 48-Month Jumbo CD | Review |
| Georgia's Own Credit Union | 2.00% | $500 | --- | 48-Month CD | Review |
| Northrop Grumman Federal Credit Union | 2.10% | $40k | --- | 48-Month CD | Review |
| Hiway Federal Credit Union | 1.90% | $25k | --- | 48-59 Month CD | Review |
| Barclays | 1.85% | --- | --- | 48-Month Online CD | Review |
| First National Bank of America | 1.85% | $1k | --- | 48-Month CD | Review |
| Marcus By Goldman Sachs | 1.85% | $500 | --- | 48-Month CD | Review |
| Greenwood Credit Union | 1.65% | $1k | --- | 48-Month CD | Review |
| Prime Alliance Bank | 1.65% | $500 | --- | 48-Month CD | Review |
Best 48-Month CD Rates – State/Local
| Bank | State(s) | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|---|
| Kansas Credit Union | MI | 2.75% | $500 | --- | 48-Month CD | Review |
| Rio Grande Credit Union | NM | 2.63% | $25k | --- | 48-Month CD | Review |
| St. Paul Federal Credit Union | MN | 2.25% | $1k | --- | 48-Month CD | Review |
| Dort Federal Credit Union | MI | 2.15% | $1k | --- | 54-Month CD | Review |
| Encompass Credit Union | IN | 2.02% | $500 | --- | 48-Month CD | Review |
| Members Heritage Credit Union | KY | 2.02% | $100k | --- | 48-Month Jumbo CD | Review |
| Credit Union 1 | AK | 2.01% | $100k | --- | 48-Month Jumbo CD | Review |
| Via Credit Union | IN | 1.76% | $500 | --- | 48-59 Month HSA CD | Review |
| Shell Federal Credit Union | TX | 1.70% | $100k | --- | 48-Month CD | Review |
| SAFE Federal Credit Union | SC | 1.67% | $100k | --- | 48-Month CD | Review |
Best 60-Month CD Rates – Nationwide
| Bank | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|
| Pen Air Federal Credit Union | 2.40% | $500 | --- | 60-Month CD | Review |
| American 1 Credit Union | 2.27% | $50 | --- | 60-Month IRA | Review |
| Georgia's Own Credit Union | 2.27% | $500 | --- | 60-Month CD | Review |
| Advancial | 2.21% | $50k | --- | 60-Month Jumbo CD | Review |
| Financial Partners Credit Union | 2.05% | $100k | --- | 60-Month Jumbo CD | Review |
| The Federal Savings Bank | 2.05% | $10k | --- | 60-Month Promotional CD | Review |
| TruStone Financial Credit Union | 2.00% | $500 | --- | 60-Month CD | Review |
| First National Bank of America | 1.90% | $1k | --- | 60-Month CD | Review |
| Northtrop Grumman Federal Credit Union | 1.90% | $40k | --- | 60-Month Bonus Term CD | Review |
| Interior Federal Credit Union | 1.81% | $100k | --- | 60-Month Jumbo CD | Review |
Best 60-Month CD Rates – State/Local
| Bank | State(s) | APY | Min | Max | Account Name | Review |
|---|---|---|---|---|---|---|
| Kansas Credit Union | MO | 3.00% | $500 | --- | 60-Month CD | Review |
| St.Paul Federal Credit Union | MN | 2.55% | $1k | --- | 60-Month CD | Review |
| Solidarity Federal Credit Union | IN | 2.00% | $500 | --- | 59-Month CD Special | Review |
| Alabama One Credit Union | AL | 2.02% | $1k | --- | 60-Month CD | Review |
| SAFE Federal Credit Union | SC | 1.75% | $100k | --- | 60-Month CD | Review |
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.
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.