Best CD Rates for August 19, 2025: Up to 4.60%

Launched in 2016, the online bank Marcus by Goldman Sachs offers an extensive lineup of CDs. Its one-year CD has an APY of 4.20% APY (annual percentage yield) as of 07/22/2025. Funding within the first 10 days guarantees that you'll get the highest rate for the term offered in that period. The minimum deposit requirement of $500 is low compared to other online banks. Early withdrawal penalties are lower than at some competitors. The bank also has two specialty CDs, which have rare perks: Bump-up CDs let you request a rate increase if APYs go up, and no-penalty CDs give you the ability to redeem a certificate earlier than maturity at no cost.

Bread Savings® is an online-only banking division of Bread Financial. The bank offers consistently high CD rates. The $1,500 minimum balance is somewhat steep among online banks. Early withdrawal penalties are a little costlier than at some other online banks: About six months of interest for CD terms from one to three years and one year of interest for four- and five-year CDs.

Started in 2016, Popular Direct is the online branch of the New York-chartered Popular Bank. Its opening minimum requirement of $10,000 is one of the highest among online banks. Early withdrawal penalties tend to be steep, such as two years of interest for a five-year CD. Rates tend to be consistently competitive.

You don't have to be a NASA employee to join the NASA Federal Credit Union. One way to join is by agreeing to a temporary and free one-year membership to the National Space Society. NASA FCU’s share certificates have competitive rates and variety, including bump-up options which allow for a rate increase if APYs go up. Penalties for withdrawing early are somewhat steep. Most terms require a relatively low minimum of $1,000, but some irregular terms have a high minimum of $10,000, along with higher rates.

This bank, as its name suggests, is one of the earliest online banks, created in 1999. Its full name is First Internet Bank of Indiana, though the bank operates nationwide. The bank’s CD rates tend to be consistently competitive for short and long CD terms. The minimum to open is fairly low. But its penalty for withdrawing early from a CD tends to be steep compared to some other banks. The cost of withdrawing early from a CD shorter than one year is effectively all the interest earned. Longer terms have either a half or full year’s worth of interest as a penalty.

Andrews Federal Credit Union is a credit union that serves members of the military as well as anyone who joins the American Consumer Council, a nonprofit. The credit union’s fixed-rate share certificates have a wide range of terms and some variety, including certificates that allow a rate increase mid-term and ones for retirement. Certificates have a somewhat low minimum of $1,000 and generally high rates. There are retirement-focused certificates as well as several “raise-your-rate,” or bump-up, certificates which allow a rate increase mid-term if APYs go up. Penalties for early withdrawal aren’t too steep. Membership is available nationwide by joining a specific nonprofit at no cost to you.

E*TRADE is an online investing platform owned by Morgan Stanley Private Bank. Its digital banking platform includes a decent selection of competitive high-yield CDs. Funding a CD in the first 10 days comes with a guarantee that you get the highest rate within that period. But the penalties for early withdrawals, which go up as high as 15 months of interest, are far higher than the maximum at some banks. Note that these CDs differ from E*TRADE’s brokered CDs, which are also available. Brokered CDs are more like bonds in that you can buy and either sell early or hold to maturity.

Newtek Bank is an online bank with headquarters in Miami. The bank focuses on serving businesses but also offers CDs to consumers online. Terms cover a decent range, though rates tend to vary in competitiveness. The opening minimum requirement of $2,500 is somewhat high compared to other banks. Early withdrawal penalties are relatively low.

CFG Bank is a regional bank based in Baltimore, Maryland, that offers competitive CDs online nationwide. Unlike many banks, CFG’s CD lineup is limited in range, lacking CDs shorter than one year, but it makes up for it with competitive rates. The $500 minimum to open is low. Early withdrawal penalties are not disclosed without applying.

Founded in 1998 in Ogden, Utah, TAB Bank started out serving the trucking industry. Its name is a nod to those roots: Transportation Alliance Bank. The online bank’s CDs have a limited range of terms in year increments only, but rates tend to be competitive. The $1,000 opening minimum is fairly low. Penalties for withdrawing early include six months’ interest on CD terms longer than a year, which is fairly low.

Originally a government student loan servicer until 2014, Sallie Mae is now an online bank and private student loan provider. The bank’s CD rates tend to be fairly competitive, though the minimum deposit of $2,500 is on the higher end. There are more terms between one and two years than usual.

Founded in 1935 in Illinois, the online-focused Alliant Credit Union is one of the largest credit unions in the country. Alliant has a strong lineup of certificates that includes a wide selection of term lengths, IRA and jumbo options, and a fairly low minimum of $1,000. Early withdrawal penalties include six months of dividends (equivalent to bank interest) for terms two years and longer, which is fairly low. Membership is available nationwide by joining Alliant’s nonprofit partner Alliant Credit Union Foundation at no cost to you.

Founded in 1988 as a credit card company, the large digital-focused bank Capital One offers a solid range of CD terms. The bank’s rates are well above average for the industry, but aren’t often the most competitive. There’s no minimum deposit. Early withdrawal penalties are some of the lowest among online banks.