Certificates of deposit don’t get a lot of love in the financial press, but they are one of the safest ways to earn a little extra interest on your money without increasing your risk (other than the fact that you have to tie up your money for a longer period). Below we offer a list of the best CD rates as of January 28, 2019. We have evaluated individual banks to show those with both the best short-term and long-term rates, so you can choose based on how long you are willing to commit to a CD (bolded rate = highest for that CD length):
TIAA Bank: Minimum deposit of $5000. Rates:
- 5-Year: 3.05% APY
- 3-Year: 2.95% APY
- 2-Year: 2.91% APY
- 1-Year: 2.81% APY
- 6-Month: 2.05% APY
Synchrony Bank: Minimum deposit of $2000. Rates:
- 5-Year: 3.10% APY
- 3-Year: 2.90% APY
- 2-Year: 2.90% APY
- 1-Year: 2.75% APY
- 6-Month: 1.00% APY
Ally Bank: No minimum deposit required. Rates:
- 5-Year: 3.10% APY
- 3-Year: 2.6%-2.75% APY (depending on deposit amount)
- 1-Year: 2.75% APY
- 6-Month: 1.00% APY
Barclays Bank: No minimum deposit required. Rates:
- 5-Year 3.10% APY
- 3-Year: 2.75% APY
- 2-Year: 2.70% APY
- 1-Year: 2.65% APY
- 6-Month: 0.65% APY
Marcus by Goldman Sachs: Minimum deposit of $500. Rates:
- 5-Year: 3.10% APY
- 3-Year: 2.75% APY
- 2-Year: 2.70% APY
- 1-Year: 2.75% APY
- 6-Month: 0.60% APY
Nationwide / Axos Bank: Minimum deposit of $500. Rates:
- 5-Year: 2.56% APY
- 3-Year: 2.45% APY
- 2-Year: 2.90% APY
- 1-Year: 2.70% APY
- 6-Month: 1.55% APY
Discover Bank: Minimum deposit of $2500. Rates:
- 5-Year: 3.00% APY
- 3-Year: 2.75% APY
- 2-Year: 2.70% APY
- 1-Year: 2.65% APY
- 6-Month: 0.65% APY
CIT Bank: Minimum deposit of $1000. Rates:
- 5-Year: 1.70% APY
- 3-Year: 1.30%
- 2-Year: 1.40%
- 1-Year: 2.2%
- 6-Month: 0.72%
Leave a Comment