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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 5 times more. And thankfully, it only takes minutes to find the best one for you. Check out the offers 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.

Get personalized rates

CD rates hinge on a few basic inputs, so be sure to enter your info below.

Deposit amount

Length of CD

NerdWallet Rating

Bank

Terms

APY

CTA

NerdWallet rating

View Details

1 year
$500 minimum balance

APY

1.10%

At Marcus by Goldman Sachs, Member FDIC

View Details

How we rate banks and credit unions

View all CDs

Standout 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.

BankAPYMonthly FeeDetails
American Express National Bank Personal Savings's logo

at American Express National Bank,

Member FDIC

1.00%

With $0 minimum balance

$0

Pros

  • Customer service available 24/7
  • $0 minimum balance
  • No monthly fees

Cons

  • No checking account, mobile app or ATM cards
  • No branches
Marcus by Goldman Sachs Online Savings Account's logo

at Marcus by Goldman Sachs,

Member FDIC

1.05%

With $0 minimum balance

$0

Pros

  • Access to customer service 7 days/week
  • No monthly fees

Cons

  • No checking account
  • No branches

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.

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A little about us
At NerdWallet, we offer straightforward advice and tools to help you make the best possible financial decisions. All for free. So how do we make money? In most cases, when someone applies or gets approved for a financial product we get paid. But that doesn’t sway our opinions.