Best of

Best CD Rates for May 2019

Tony ArmstrongMay 1, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Goldman Sachs Bank USA

at Goldman Sachs Bank USA,

Member, FDIC

at Goldman Sachs Bank USA,

Member, FDIC

1-year APY

2.70%

3-year APY

2.70%

5-year APY

3.00%

Minimum Deposit

$500

1-year APY

2.70%

3-year APY

2.90%

5-year APY

3.00%

Minimum Deposit

$5,000

1-year APY

2.80%

3-year APY

2.83%

5-year APY

2.90%

Minimum Deposit

$5,000

1-year APY

2.75%

3-year APY

3.10%

5-year APY

3.40%

Minimum Deposit

$5,000

1-year APY

2.52%

3-year APY

2.90%

5-year APY

3.00%

Minimum Deposit

$10,000

1-year APY

2.70%

3-year APY

2.75%

5-year APY

3.00%

Minimum Deposit

$1,000

1-year APY

2.80%

3-year APY

2.90%

5-year APY

3.00%

Minimum Deposit

$10,000

1-year APY

2.70%

3-year APY

2.80%

5-year APY

3.00%

Minimum Deposit

$1

Barclays

at Barclays,

Member, FDIC

at Barclays,

Member, FDIC

1-year APY

2.65%

3-year APY

2.75%

5-year APY

3.00%

Minimum Deposit

$1

1-year APY

2.70%

3-year APY

2.85%

5-year APY

3.10%

Minimum Deposit

$2,000

Summary of Best CD Rates for May 2019

Bank1-year APY3-year APY5-year APYMinimum DepositLearn More
Goldman Sachs Bank USA

Goldman Sachs Bank USA

at Goldman Sachs Bank USA,

Member, FDIC

2.70%

2.70%

3.00%

$500

at Goldman Sachs Bank USA,

Member, FDIC

Citizens Access

Citizens Access

2.70%

2.90%

3.00%

$5,000

TIAA Bank

TIAA Bank

2.80%

2.83%

2.90%

$5,000

Connexus Credit Union

Connexus Credit Union

2.75%

3.10%

3.40%

$5,000

Popular Direct

Popular Direct

2.52%

2.90%

3.00%

$10,000

Alliant Credit Union

Alliant Credit Union

2.70%

2.75%

3.00%

$1,000

PurePoint® Financial

PurePoint® Financial

2.80%

2.90%

3.00%

$10,000

Capital One

Capital One

2.70%

2.80%

3.00%

$1

Barclays

Barclays

at Barclays,

Member, FDIC

2.65%

2.75%

3.00%

$1

at Barclays,

Member, FDIC

Synchrony Bank

Synchrony Bank

2.70%

2.85%

3.10%

$2,000

Bank1-year APY3-year APY5-year APYMinimum DepositLearn More
Goldman Sachs Bank USA

Goldman Sachs Bank USA

at Goldman Sachs Bank USA,

Member, FDIC

2.70%

2.70%

3.00%

$500

at Goldman Sachs Bank USA,

Member, FDIC

Citizens Access

Citizens Access

2.70%

2.90%

3.00%

$5,000

TIAA Bank

TIAA Bank

2.80%

2.83%

2.90%

$5,000

Connexus Credit Union

Connexus Credit Union

2.75%

3.10%

3.40%

$5,000

Popular Direct

Popular Direct

2.52%

2.90%

3.00%

$10,000

Alliant Credit Union

Alliant Credit Union

2.70%

2.75%

3.00%

$1,000

PurePoint® Financial

PurePoint® Financial

2.80%

2.90%

3.00%

$10,000

Capital One

Capital One

2.70%

2.80%

3.00%

$1

Barclays

Barclays

at Barclays,

Member, FDIC

2.65%

2.75%

3.00%

$1

at Barclays,

Member, FDIC

Synchrony Bank

Synchrony Bank

2.70%

2.85%

3.10%

$2,000

Alternatives to CDs

Let's say you have an emergency fund that consists of enough cash to cover about three to six months’ worth of living expenses. To grow your long-term savings, consider opening an online brokerage account. Although these financial products come with more risk than CDs, they could lead to higher returns.

Picking the right broker comes down to your priorities. Some investors are willing to pay more for a top-notch platform; others count costs above all else. With brokerage accounts, you don't have to worry about early withdrawal penalties, but your funds may be more difficult to access in a pinch, given that you’ll likely need to sell some investment shares before you can devote that money to anything else.

» For in-depth guidance, check out NerdWallet’s best online stock brokers for beginners

Last updated on May 1, 2019

Methodology

We featured easy-to-join financial institutions that we've reviewed with the highest rates currently listed on NerdWallet's CD rates tool. For the ZIP code and minimum deposit requirement, we used 94103 and $10,000, respectively. We also included select, standout rates from other trusted online financial institutions that we have reviewed. Higher rates might be available elsewhere