Current CD Rates: March 2021

Spencer TierneyMarch 1, 2021
current-cd-rates
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As the COVID-19 pandemic enters its second year, interest rates on certificates of deposit remain flat after months of slowly dropping. You can still find high-yield CD rates double the national average of 0.31% 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

TIAA Bank

0.35% APY

Radius

0.25% APY

CURRENT CD RATES: 6-month

Pentagon Federal

0.25% APY

TIAA Bank

0.40% APY

Vio Bank

0.10% APY

CURRENT CD RATES: 1-year

Ally Bank

0.60% APY

Capital One 360

0.20% APY

PurePoint

0.25% APY

CURRENT CD RATES: 3-year

Barclays

0.25% APY

Connexus Credit Union

0.90% APY

Synchrony

0.65% APY

CURRENT CD RATES: 5-YEAR

Alliant Credit Union

0.65% APY

Citizens Access

0.25% APY

Marcus by Goldman Sachs

0.60% APY

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 0.31% APY. Let's compare national averages with an online example.

3-MONTH CD RATE

Online bank

0.20% APY

All banks

0.06% APY

6-MONTH CD RATE

Online bank

0.15% APY

All banks

0.10% 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

0.23% APY

5-YEAR CD RATE

Online bank

0.60% APY

All banks

0.31% APY

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

» Interested in where CD rates have been? See our explainer on historical CD rates

Compare current CD rates at some online banks

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1-year APY

0.55%

With $500 minimum balance

1-year APY

0.50%

With $2,500 minimum balance

1-year APY

0.60%

With $0 minimum balance

3-year APY

0.55%

With $500 minimum balance

3-year APY

0.55%

With $2,500 minimum balance

3-year APY

0.65%

With $0 minimum balance

5-year APY

0.60%

With $500 minimum balance

5-year APY

0.60%

With $2,500 minimum balance

5-year APY

0.85%

With $0 minimum balance

Minimum Balance

$500

Member FDIC

Minimum Balance

$2,500

Member FDIC

Minimum Balance

$0

Member FDIC

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

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