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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.

Want to potentially increase your return?

Brokerage accounts offer you access to a range of different investments, including stocks, bonds, mutual funds, index funds and exchange-traded funds. Many brokers allow you to open an account quickly online and you can fund the brokerage account by transferring money from your checking or savings account.

Get personalized rates

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

Deposit amount

Length of CD

Zip code

NerdWallet Rating

Bank

Terms

APY

CTA

NerdWallet rating

View Details

1 year
$500 minimum balance

APY

2.20%

At Nationwide, Member, NON_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
Citizens Access Online Savings Account's logo

at Citizens Access,

Member, FDIC

2.20%

With $5000 minimum balance

$0

Pros

  • Customer service available 7 days/week

Cons

  • No checking account, ATM access or mobile app
  • $5,000 minimum deposit
  • No physical branches
Barclays Online Savings Account's logo

at Barclays,

Member, FDIC

2.10%

With $0 minimum balance

$0

Pros

  • Customer service available 7 days/week
  • Minimal non-sufficient funds fee
  • No monthly fees

Cons

  • No checking account, mobile app or ATM access
  • No physical branches

Standout Online Brokers For Stock Trading

We created this shortlist of standout picks from our partners. And with low commission rates, impressive investing tools, easy-to-access research and more, they’re a great choice for most investors.

BrokerCommissionsAccount MinimumCurrent OffersDetails
Merrill Edge's logo

on Merrill Edge's secure website

$6.95

per trade

$0

300

$0 online stock and ETF trades, no minimum deposit required

Pros

  • Robust third-party research.
  • Ongoing promotions.
  • Integrated with Bank of America.
  • Free trades for eligible Bank of America customers.

Cons

  • No commission-free ETFs.
  • Minimum balance requirement for active-trading platform.
TD Ameritrade's logo

on TD Ameritrade's secure website

$6.95

per trade

$0

60

days of commission-free trades with qualifying deposit

Pros

  • Large investment selection.
  • Free research.
  • High-quality trading platforms.
  • No account minimum.
  • Good customer support.

Cons

  • Higher trade commission.
  • Costly broker-assisted trades.
  • High short-term ETF trading fee.
E-Trade's logo

on E-Trade's secure website

$6.95

per trade

$500

Up to $600

cash credit with a qualifying deposit

Pros

  • Easy-to-use tools.
  • Large investment selection.
  • Excellent customer support.
  • Access to extensive research.
  • Advanced mobile app.
  • Reduced commissions for frequent traders.

Cons

  • Higher commissions for low-volume traders.
  • Minimum balance requirement for active trading platform.

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.

Want to see more reviews like this? We’ve got it covered.

Advertiser discloser

NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance.

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