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Standout CD rates
CDs are an excellent way to earn money for doing virtually nothing. They often pay more in interest than your average savings account — sometimes as much as 40 times more. And thankfully, it only takes minutes to find the best one for you. Check out the offers, some of which are from our partners, and start earning more interest today.
The key difference between CDs and savings accounts
CDs typically have a higher APY – though nowadays the differences are slim – but require you to leave your money untouched for the length of the CD term. Savings accounts, on the other hand, offer you access to your cash whenever you want. If you want instant access to your money, a savings account might be the better option.
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Bank | Terms | APY | CTA |
|---|---|---|---|
 NerdWallet rating | 1 year $500 minimum balance | APY 2.15% | At Goldman Sachs Bank USA, Member, FDIC |
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 NerdWallet rating | 1 year $5000 minimum balance | APY 2.10% | At Citizens Access, Member, FDIC |
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 NerdWallet rating | 1 year $0 minimum balance | APY 2.00% | At Barclays, Member, FDIC |
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How we rate banks and credit unions
View all CDsStandout Savings Accounts
Savings accounts offer you access to your cash whenever you want. If you want instant access to your money, a savings account might be the better option than a CD.
| Bank | APY | Monthly Fee | Details |
|---|---|---|---|
Featured bank at Goldman Sachs Bank USA, Member, FDIC | 1.70% With $0 minimum balance | $0 | Pros
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 at American Express National Bank, Member, FDIC | 1.70% With $0 minimum balance | $0 | Pros
Cons
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at Barclays, Member, FDIC | 1.70% With $0 minimum balance | $0 | Pros
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Why online banks dominate the list
The most important factor for virtually every CD-shopper is the APY. And, as it happens, online banks are the ones offering highly-competitive APYs and rock-bottom maintenance fees.
