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Best CD Rates
- Goldman Sachs Bank USA, 2.40% APY
- Barclays, 2.35% APY
- Synchrony Bank, 2.35% APY
- EverBank, 2.35% APY
- Capital One, 2.30% APY
- Ally Bank, 2.25% APY
- Discover Bank, 2.25% APY
Check out our list of some of the best CD rates available in November.
Certificates of deposit typically offer higher annual percentage yields, or APYs, compared with basic savings accounts. CDs also rarely have monthly fees. The result: Your deposits earn more money.
The following banks offer some of the highest five-year CD rates along with other stellar short-term options.
Goldman Sachs Bank USA, 2.40% APY
$500 MINIMUM DEPOSIT
Goldman Sachs Bank pays 1.65% APY on its one-year CD and 2.40% 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.
Barclays, 2.35% APY
NO MINIMUM DEPOSIT
Barclays, whose U.S. banking operation is only online, offers excellent short- and long-term CDs. Its one-year CD comes with a 1.50% APY while its five-year option earns 2.35%. Barclays offers a stellar savings account with a high APY but doesn’t provide checking accounts or a mobile app.
Synchrony Bank, 2.35% APY
$2,000 MINIMUM DEPOSIT
An online-only bank, Synchrony has a one-year CD with an APY of 1.65%. For its five-year option, the APY is 2.30% on balances below $25,000 and 2.35% for $25,000 and above. 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 ideal for customers looking to separate their spending money from their savings.
» Want more CD options? Use NerdWallet’s CD rates tool
EverBank, 2.35% APY
$5,000 MINIMUM DEPOSIt
EverBank’s short-term CDs are especially impressive. Its Yield Pledge one-year CD, which requires a minimum deposit of $5,000, has a 1.68% APY. EverBank also has a five-year CD with a 2.35% APY, along with several short-term CDs — ranging from three to nine months — that earn APYs of 1.01% to 1.31%.
Capital One Bank, 2.30% APY
NO MINIMUM DEPOSIT
For longer-term CDs, Capital One offers consistently high APYs. A three-year certificate earns 1.75%; a five-year certificate earns 2.30%. Less competitive but still solid is the 0.9% APY on the one-year CD. Customers who look beyond the CDs are likely to benefit from the bank’s excellent checking and savings accounts.
Ally Bank, 2.25% APY
NO MINIMUM DEPOSIT
For a $5,000 deposit, this online bank’s one-year High Yield CD offers a top-notch 1.55% APY, while the five-year model pays 2.25%. Ally’s two- and four-year Raise Your Rate CDs pay a less compelling 1.50%. For maximum flexibility without sacrificing much return, customers may prefer Ally’s highly regarded savings account, which has an APY of 1.25%.
Discover Bank, 2.25% APY
$2,500 MINIMUM DEPOSIT
Discover’s one-year CD comes with a 1.50% APY while its three-year option brings in 1.76% and its five-year term 2.25%. This online bank also has an impressive checking account that pays up to $10 cash back per month. Discover’s savings account, meanwhile, has one of the highest APYs on the market.
Updated Nov. 1, 2017.
Tony Armstrong is a staff writer at NerdWallet, a personal finance website. Email: firstname.lastname@example.org. Twitter: @tonystrongarm.
We featured the financial institutions with the highest rates currently listed in NerdWallet’s CD rates tool for one-, three- and five-year CDs. For the ZIP code and minimum deposit requirement, we used 94103 and $5,000, respectively. Higher rates might be available elsewhere.