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 9, 2018. 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:

Synchrony Bank: Minimum deposit of $2000. Rates:

  • 5-Year: 2.40% APY
  • 3-Year: 1.95% APY
  • 2-Year: 1.85% APY
  • 1-Year: 2.00% APY
  • 6-Month: 0.41% APY

 

 

Marcus by Goldman Sachs: Minimum deposit of $500. Rates:

  • 5-Year: 2.50% APY
  • 3-Year: 2.00% APY
  • 2-Year: 1.75% APY
  • 1-Year: 1.65% APY
  • 6-Month: 0.60% APY



Nationwide Bank: Minimum deposit of $500. Rates:

  • 5-Year: 2.01% APY
  • 3-Year: 1.70% APY
  • 2-Year: 1.90% APY
  • 1-Year: 1.41% APY
  • 6-Month: 1.20% APY

 

Barclays Bank: No minimum deposit required. Rates:

  • 5-Year 2.40% APY
  • 3-Year: 2.00% APY
  • 2-Year: 1.80% APY
  • 1-Year: 1.65% APY
  • 6-Month: 0.55% APY

 

Discover Bank: Minimum deposit of $2500. Rates:

  • 5-Year: 2.27% APY
  • 3-Year: 1.83% APY
  • 2-Year: 1.74% APY
  • 1-Year: 1.59% APY
  • 6-Month: 0.65% APY

 

Ally Bank: No minimum deposit required. Rates:

  • 5-Year: 2.25% APY
  • 3-Year: 1.45% APY
  • 1-Year: 1.35% APY
  • 6-Month: 0.60% APY

 

 

CIT Bank: Minimum deposit of $1000. Rates:

  • 5-Year: 1.70% APY
  • 3-Year: 1.30%
  • 2-Year: 1.40%
  • 1-Year: 1.32%
  • 6-Month: 0.72%