Current CD Rates: July 2021

Spencer TierneyJul 1, 2021
current-cd-rates
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Interest rates on certificates of deposit have remained flat so far this year after steady drops throughout 2020. You can still find high-yield CD rates double the national average of 0.26% for five-year terms and triple the national average of 0.14% for one-year terms.

Unlike regular savings accounts, most CDs have fixed rates, so you can lock in a high rates while they last. (See more details about historical CD rates as you consider what to expect in the near future.)

Here's a look at current CD rates at some online banks and credit unions.

» Want to compare more CDs? Check out our best CD rates

CURRENT CD RATES: 3-month

Popular Direct

0.15% APY

Discover Bank

0.20% APY

TIAA Bank

0.35% APY

CURRENT CD RATES: 6-month

Pentagon Federal

0.35% APY

TIAA Bank

0.40% APY

Quontic Bank

0.55% APY

CURRENT CD RATES: 1-year

Ally Bank

0.55% APY

Live Oak Bank

0.60% APY

Comenity Direct

0.70% APY

CURRENT CD RATES: 3-year

Synchrony

0.65% APY

Ally Bank

0.65% APY

Connexus Credit Union

0.81% APY

CURRENT CD RATES: 5-YEAR

Marcus by Goldman Sachs

0.60% APY

Alliant Credit Union

0.65% APY

Comenity Direct

0.90% APY

Marcus by Goldman Sachs logo
Learn More

Member FDIC

Marcus by Goldman Sachs High-Yield 18-Month CD

Marcus by Goldman Sachs logo
APY

0.70%

Term

1.5 years

Comenity Direct logo
Learn More

Member FDIC

Comenity Direct CD

Comenity Direct logo
APY

0.70%

Term

1 year

Discover Bank logo
Learn More

Member FDIC

Discover Bank CD

Discover Bank logo
APY

0.50%

Term

1 year

Current CD Rates: Compare high-yield to national average rates

Although rates aren't as high as in recent years, they're still head and shoulders above national averages. The average rate for a one-year CD is 0.14% APY, and the average rate for a five-year CD is 0.26% APY. Let's compare national averages with an online example.

3-MONTH CD RATE

Online bank

0.35% APY

All banks

0.07% APY

6-MONTH CD RATE

Online bank

0.40% APY

All banks

0.09% APY

1-YEAR CD RATE

Online bank

0.55% APY

All banks

0.14% APY

3-YEAR CD RATE

Online bank

0.55% APY

All banks

0.20% APY

5-YEAR CD RATE

Online bank

0.60% APY

All banks

0.26% APY

Online banks used for comparison are TIAA Bank for the three- and six-month terms and Marcus by Goldman Sachs for the other terms. "All banks" refers to the Federal Deposit Insurance Corporation national averages.

» Want to see a wider pool of high rates? See our list of the best high-interest accounts

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