CD Rates

CD’s (Certificates of Deposit) are popular place to hold cash and earn a guaranteed return on your money. CD Rates will vary based mostly on the term of the CD. The most popular terms are 12 months, or one year, and 3 month and 6 month rates. Normally, the longer the term, the higher rate of interest you will earn on that CD. Every major bank offers CD’s, however, the best rates are normally found online. Online CD Rates typically will be at least a half percentage point higher or more than traditional banks. Each bank sets their own rates.

Select CD Term: 30 Days3 Months6 Months9 Months12 Months18 Months2 Years3 Years4 Years5 Years

Bank

APY

Min Deposit

Review

Notes

Learn More

APYMin

2.15%

$0

Review

My #1 Savings Account

Learn More

APYMin

1.55%

$0

APYMin

1.15%

$1,500

APYMin

0.90%

$10

APYMin

.65%

$10,000

APYMin

0.20%

$2,500

Data provided by Debt Kid.

I’m not a huge fan of Certificates of Deposit, just because you can usually get a similar, and in many cases, better rate by just plopping your cash into an online savings account. I’ve noticed that savings account rates typically mirror very closely to the 12-month CD rate. So if you’re looking to be able to access your money anytime in the next year, I would recommend an online savings account over a CD where you might get hit with a penalty if you withdraw your money early.

CD Rates October 2009

The chart above lists the best CD rates in the country that are available to US residents. All of the above accounts with links can be setup entirely online, most in about 15 minutes or less. You’ll want to fund the account electronically, and that ACH process of transferring your money can take 2-3 days.