Find the latest My Banking Direct CD Rates, Offers, and Promotions here.
Best CD Rates: 5.50% APY 5-Month CD, $2.5K minimum opening deposit, unlimited additional deposits.
Availability: Nationwide, internet bank
Credit Pull: Soft Pull
Update 3/27/24: The 5 month term has increased and offers a competitive 5.50% APY.
About My Banking Direct CD
Available to residents nationwide, My Banking Direct has a wide array of products to meet your individual needs. Ranging from Checking, Savings, CDs, and loans all the way to Online and Mobile banking with Bill Pay, Mobile Deposits, eStatments, and so much more. By joining My Banking Direct and opening a CD account, you get to enjoy earning a higher interest rate than a regular savings account.
You can fund your account via ACH, wire, internal transfer, or by mailing a check. The account ownership can b individual, joint, or trust.
Term | APY Rate | Minimum Deposit |
5-Month | 5.50% | $2,500 |
*Rates Effective As Of 3/27/2023
My Banking Direct CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time and usually the longer of a term is – the higher APY rate you make! The interest is compounded daily and credited quarterly which can be transferred to an internal account.
My Banking Direct‘s Best CD Offer pays the highest APY rate with a 5.15% APY rate on the 5-Month term. My Banking Direct wants to make you feel supported and gain control of your funds. If you’re interested in earning a higher rate then make sure to check out the CD rates below.
- Minimum deposit: $2,500
- Maximum deposit: —
- Early withdrawal penalty: 90 days interest on the amount withdrawn
(FDIC Insured)
Alliant Credit Union 12-Month Certificate (5.35% APY) | Technology Credit Union 5-Month No-Penalty CD (5.25% APY) |
Western Alliance Bank 3-Month CD (5.31% APY) | Rising Bank 6-Month CD (5.25% APY) |
Quontic Bank 12-Month CD (5.30% APY) | Lemmata Savings Bank 9-Month CD (5.05% APY) |
SkyOne Federal Credit Union 5-Month CD (5.20% APY) | Blue Federal Credit Union 9-Month No Penalty CD (5.10% APY) |
Sun Canyon Bank 5-Month CD (5.15% APY) | Sun Canyon Bank 11-Month CD (5.10% APY) |
Nelnet Bank 12-Month CD (4.86% APY) | Nelnet Bank 24-Month CD (4.27% APY) |
Ponce Bank 3-Month CD (5.25% APY) |
CD Features
- Unlimited number of beneficiaries
- 24/7 access to your account online
- No monthly maintenance fee
- A low minimum
- FDIC Insured
Bottom Line
Whether you are interested in a short term or long term CD, look no further than My Banking Direct. You have 7 calendar days grace period to withdraw your matured funds. They can be transferred to an interest-bearing savings account.
All you need to do is pick your CD term and watch your money grow. Also, you can have peace of mind knowing that My Banking Direct is insured by the FDIC. So sign up for a CD with My Banking Direct and the enjoy their high APY rates today. If you are not interested or eligible, than check out our full list of Best CD Rates here at HMB!
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.
Alliant Credit Union | 5.35% APY 12-Month Certificate | Review |
Mission Valley Bank | 5.35% APY 1-Month CD | Review |
Western Alliance Bank | 5.31% APY 3-Month CD | Review |
Western Alliance Bank | 5.30% APY 5-Month CD | Review |
Quontic Bank | 5.30% APY 12-Month CD | Review |
Ponce Bank | 5.25% APY 3-Month High Yield CD | Review |
Ponce Bank | 5.25% APY 1-Month High Yield CD | Review |
Technology Credit Union | 5.25% APY 5-Month No-Penalty CD | Review |
Rising Bank | 5.25% APY 6-Month CD | Review |
Western Alliance Bank | 5.23% APY 6-Month CD | Review |
SkyOne Federal Credit Union | 5.20% APY 5-Month CD | Review |
Sun Canyon Bank | 5.15% APY 5-Month CD | Review |
Mission Valley Bank | 5.15% APY 3-Month No Penalty CD | Review |
Sun Canyon Bank | 5.10% APY 11-Month CD | Review |
Blue Federal Credit Union | 5.10% APY 9-Month No Penalty CD | Review |
Lemmata Savings Bank | 5.05% APY 9-Month CD | Review |
Sallie Mae | 5.05% APY 14-Month CD | Review |
Sallie Mae | 5.00% APY 10-Month 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 |
Nelnet Bank | 4.86% APY 12-Month CD | Review |
Western Alliance Bank | 4.85% 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 |