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Current CD Rates: July 2020

July 1, 2020
Banking, CDs
current-cd-rates
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Interest rates on certificates of deposit have dropped in light of the coronavirus pandemic and its effect on the economy. But you can still find rates far above national averages. Unlike regular savings accounts, most CDs have fixed rates, so you can lock in a high rates while they last. (See more details about what to expect from CD rates for 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 Direct0.20% APY
TIAA Bank0.45% APY
Radius Bank0.25% APY
» See more best 3-month CD rates

CURRENT CD RATES: 6-month

Pentagon Federal0.55% APY
TIAA Bank0.75% APY
Vio Bank0.20% APY
» See more best 6-month CD rates

CURRENT CD RATES: 1-year

Ally Bank1.00% APY
Capital One 3600.50% APY
PurePoint0.85% APY
» See more best 1-year CD rates

CURRENT CD RATES: 3-year

Barclays0.85% APY
Connexus Credit Union1.26% APY
Synchrony1.15% APY
» See more best 3-year CD rates

CURRENT CD RATES: 5-YEAR

Alliant Credit Union0.90% APY
Citizens Access1.00% APY
Marcus by Goldman Sachs1.15% APY
» See more best 5-year CD rates

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

Compare current CD rates at 3 banks

Marcus by Goldman Sachs

at Marcus by Goldman Sachs,

Member, FDIC


NerdWallet bank rating:
4.0 NerdWallet rating


NerdWallet bank rating:
5.0 NerdWallet rating

NerdWallet bank rating:
4.0 NerdWallet rating



1-year APY

1.10%



3-year APY

1.10%


5-year APY



1.15%


Minimum deposit



$500



1-year APY

0.90%



3-year APY

1.05%

5-year APY



1.15%

Minimum deposit



$2,500



1-year APY

0.85%



3-year APY

0.90%


5-year APY



1.00%


Minimum deposit



$5,000

Compare more banks and CD rates here

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