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Best CD Rates April 2018

Banking, CDs
nerdwallets-best-cd-rates
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Top CD interest rates
GS Bank
Learn more
at Goldman Sachs Bank USA
Marcus by Goldman Sachs

Overall bank rating:

5-year: 2.75% APY
1-year: 2.10% APY
$500 minimum deposit; other details
Capital+One
Read full review
on NerdWallet
Capital One 360

Overall bank rating:

5-year: 2.75% APY
1-year: 2.10% APY
No minimum deposit; other details
Barclays
Learn more
at Barclays
Barclays

Overall bank rating:

5-year: 2.75% APY
1-year: 2.10% APY
No minimum deposit; other details
Synchrony+Bank
Learn more
at Synchrony
Synchrony Bank

Overall bank rating:

5-year: 2.60% APY
1-year: 2.15% APY
$2,000 minimum deposit; other details
Ally+Bank
Learn more
at Ally
Ally Bank

Overall bank rating:

5-year: 2.25% to 2.50% APY
1-year: 1.75% to 2.00% APY
Interest rate varies with deposit; other details
Discover
Learn more
at Discover
Discover Bank

Overall bank rating:

5-year: 2.50% APY
1-year: 2.00% APY
$2,500 minimum deposit; other details

The best rates for certificates of deposits usually surpass those of savings accounts. And CDs rarely have monthly fees. If you’re ready to let some of your money grow untouched for several years, compare CDs with high annual percentage yields, or APYs, to find where your deposits can earn more money.
These banks offer some of the best rates available in April for five-year CDs, as well as stellar shorter term options.

Marcus by Goldman Sachs, 2.75% APY

$500 MINIMUM DEPOSIT

GS Bank
Learn more
at Goldman Sachs Bank USA
Marcus, the Goldman Sachs branch that handles banking products, has a one-year CD that earns 2.10% APY. And the bank pays 2.75% APY on its five-year CD. Its savings account has a similarly impressive rate. The bank does not, however, offer ATMs, branches, checking accounts or a mobile app.

Capital One 360, 2.75% APY

No Minimum Deposit

Capital+One
Read full review
on NerdWallet
Along with stellar long-term CD options, Capital One 360 has a one-year CD with an APY of 2.10%. Its five-year CD earns an APY of 2.75%. The online bank also offers excellent checking and savings accounts, making Capital One 360 ideal for customers looking to keep all of their accounts with the same institution.

Barclays, 2.75% APY

No Minimum Deposit

Barclays
Learn more
at Barclays
People looking to open a CD have plenty to choose from at Barclays. The online-only bank’s five-year option comes with a 2.75% APY, and its one-year CD pays 2.10%. Barclays’ savings account is just as competitive, offering one of the highest APYs on the market. The bank, however, does not offer checking accounts or a mobile app for U.S. customers.

Synchrony Bank, 2.60% APY

$2,000 MINIMUM DEPOSIT

Synchrony+Bank
Learn more
at Synchrony
An online bank, Synchrony has a one-year CD with an APY of 2.15%. For the five-year option, the APY is 2.60%. Although the bank doesn’t offer checking accounts and has only one branch, its savings account is one of the best of its kind, making Synchrony a great choice for customers looking to separate their spending money from their savings.

Ally Bank, 2.50% APY

2.25% WITH NO MINIMUM DEPOSIT

Ally+Bank
Learn more
at Ally
This online bank’s one-year High Yield CD offers 1.75% APY with no minimum deposit. A deposit of $25,000 brings the APY up to 2.00%. With Ally’s five-year term, a buck will get you 2.25% APY; the rate is 2.40% with a $5,000 minimum deposit and 2.50% with a $25,000 deposit. For maximum flexibility along with a decent return, customers may prefer Ally’s highly regarded savings account, which has an APY of 1.45%.

Discover Bank, 2.50% APY

$2,500 MINIMUM DEPOSIT

Discover
Learn more
at Discover
Discover’s one-year CD comes with a 2.00% APY while its three-year option brings in 2.25% and its five-year term 2.50%. Discover’s savings account, meanwhile, has one of the highest APYs on the market.

» Want more CD options? Use NerdWallet’s CD rates tool

» Need more access to your funds? Check out our best high-yield savings accounts

Updated April 2, 2018.

Tony Armstrong is a staff writer at NerdWallet, a personal finance website. Email: tony@nerdwallet.com. Twitter: @tonystrongarm.


METHODOLOGY

We featured easy-to-join financial institutions that we’ve reviewed with the highest rates currently listed in NerdWallet’s CD rates tool for five-year CDs. For the ZIP code and minimum deposit requirement, we used 94103 and $5,000, respectively. Higher rates might be available elsewhere.