Overview
Compare CD rates from top banks side by side. Find the best APY for your preferred term length and deposit amount. Finding the right option depends on your specific needs, spending habits, and financial goals. Below we break down the key factors to consider and the top choices available.
CD Provider Comparison
| Bank | Min. Deposit | Rate Guarantee | Standout Feature |
|---|---|---|---|
| Marcus by Goldman Sachs | $0 | 10-day rate guarantee | No fees, consistently competitive |
| Ally Bank | $0 | Raise Your Rate option | No Penalty CD available |
| Discover Bank | $2,500 | Fixed for term | 12 term lengths available |
| Synchrony Bank | $0 | Bump-up option | Frequent promotional rates |
| Capital One | $0 | Fixed for term | Brand trust, easy account management |
Which CD Should You Choose?
If you want maximum flexibility, Ally's No Penalty CD lets you withdraw without penalty after just 6 days — useful if you're not fully certain about locking funds.
If you want the widest range of terms, Discover offers 12 different lengths from 3 months to 10 years, letting you match your exact timeline.
If you think rates might rise, Ally's Raise Your Rate CD or Synchrony's bump-up option let you request one rate increase during the term.
Frequently Asked Questions
A CD that lets you withdraw your full deposit plus earned interest before maturity without the standard early withdrawal penalty, typically after a short holding period (Ally requires 6 days). It usually pays a slightly lower rate in exchange for this flexibility.
A CD that allows you to request one rate increase during the term if the bank's rates rise, protecting you from being locked into a below-market rate if conditions change. Not all banks offer this feature.