Best CD Rates – September 2023

Certificates of deposit (CDs) don’t get a lot of love in the financial press, but they are one of the safest ways to earn 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 September 15, 2023. 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). As of now, BMO Alto is a strong choice:

BMO Alto: No minimum deposit required. Rates:

  • 5-Year 4.50% APY
  • 3-Year: 4.50% APY
  • 2-Year: 4.75% APY
  • 1-Year: 5.40% APY
  • 6-Month: 5.20 APY

Barclays Bank: No minimum deposit required. Rates:

  • 5-Year 4.50% APY
  • 3-Year: 4.50% APY
  • 2-Year: 4.60% APY
  • 1-Year: 5.15% APY



Synchrony Bank: No minimum balance. Rates:

  • 5-Year: 4.00% APY
  • 3-Year: 4.30% APY
  • 2-Year: 4.40% APY
  • 1-Year: 5.10% APY
  • 6-Month: 4.90% APY

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

  • 5-Year: 3.80% APY
  • 3-Year: 4.30% APY
  • 2-Year: 4.40% APY
  • 1-Year: 5.10% APY
  • 6-Month: 4.90% APY

Ally Bank: No minimum deposit required. Rates:

  • 5-Year: 4.10% APY
  • 3-Year: 4.25% APY
  • 1-Year: 4.85% APY
  • 6-Month: 3.50% APY

Discover Bank: Minimum deposit of $2500. Rates:

  • 5-Year: 4.00% APY
  • 3-Year: 4.30% APY
  • 2-Year: 4.30% APY
  • 1-Year: 4.85% APY
  • 6-Month: 3.40% APY

EverBank: Minimum deposit of $1000. Rates:

  • 5-Year: 3.95% APY
  • 3-Year: 4.10% APY
  • 2-Year: 4.40% APY
  • 1-Year: 5.00% APY
  • 6-Month: 4.00% APY

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