Find all the latest MySavingsDirect CD Rates, promotions and offers here.

Best CD Rates: 5.00% APY 24-Month & 36-Month, $1,000 minimum deposit

Availability: Nationwide

Credit Inquiry: Hard Pull

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About MySavingsDirect

MySavingsDirect was formed in 1850 but since has evolved into an online banking service provider.

MySavingsDirect offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.

You can fund your account via ACH, check or internal transfer. The account ownership can be individual or joint.

Term	APY Rate	Minimum Deposit
24-Month	5.00%	$1,000
36-Month	5.00%	$1,000

*The above rates are accurate as of 09/15/2023*

MySavingsDirect CD Rates

CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make. Th interest is compounded daily and credited monthly that can be withdrawn penalty-free.

With as little as $1,000, you can invest in a CD account to maximize your earnings. Compare their offering now to find the solutions that fit best with your savings goals. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.

Minimum deposit: $1,000
Maximum deposit: None
Early withdrawal penalty:
- For an account with a term of less than one year, the penalty will be an amount equal to 90 days interest (whether earned or not) and calculated at the contract rate on the principal amount.
- For an account with a term of one year or more, the penalty will be an amount equal to 180 days interest (whether earned or not) and calculated at the contract rate on the principal amount.

CD Rates at MySavingsDirect

(FDIC Insured)

FEATURED CD RATES
Service Credit Union	4.00% APY 7-Month CD	Review
Western Alliance Bank	4.00% APY 3-Month CD	Review
First Tech Federal Credit Union	3.90% APY 13-Month Share Certificate	Review
Alliant Credit Union	3.90% APY 6-Month Certificate	Review
Ponce Bank	3.90% APY 3-Month High Yield CD	Review
Ponce Bank	3.90% APY 4-Month No-Penalty CD	Review
Blue Federal Credit Union	3.85% APY 9-Month No Penalty CD	Review
Live Oak Bank	3.80% APY 12-Month CD	Review
Live Oak Bank	3.80% APY 12-Month Business CD	Review
Blue Federal Credit Union	3.80% APY 15-Month CD	Review
Quontic Bank	Up to 3.75% APY CD	Review
CIT Bank	3.75% APY 11-Month No-Penalty CD	Review
CIT Bank	3.75% APY 6-Month CD	Review
Sallie Mae	3.65% APY 14-Month CD	Review
Sallie Mae	3.55% APY 10-Month CD	Review
First Mid Bank & Trust	3.50% APY 9-Month CD	Review
Western Alliance Bank	3.50% APY 6-Month CD	Review
Western Alliance Bank	3.30% APY 12-Month CD	Review
CIT Bank	3.25% APY 13-Month CD	Review
Ponce Bank	3.00% APY 1-Month High Yield CD	Review

MySavingsDirect CD Features

One beneficiary per account.
Low minimum balance requirement
Competitive rates on all CD terms
Free online and mobile banking
Insured by the FDIC up to the maximum allowed by law

Bottom Line

With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $1,000. Once your funds matured, you can ACH back to your linked account or do an internal transfer. You have 10 calendar grace period before automatic renewal.

This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.

*While MySavingsDirect does have competitive rates, I recommend to take a look at Discover Bank Promotions here

This is a great opportunity to invest in a high-interest CD from MySavingsDirect. However, you may want to compare them with our best CD Rates:

You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest MySavingsDirect rates!

Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.