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%