ADVERTISEMENT: products from our partners

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 4 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.

BBVA USA CD

Not yet rated

BBVA USA CD

APY

0.05%

With $500 minimum balance

Minimum Balance

$500

Member FDIC


Why we like it

BBVA has online accounts that are worth a look, with access to thousands of ATMs, including locations in Puerto Rico, Canada, Mexico, the United Kingdom and Australia. The bank also offers solid terms on CDs, but savings rates are low.

Read Full Review

BBVA USA CD

2.0

NerdWallet rating 
BBVA USA CD

APY

0.05%

With $500 minimum balance

Minimum Balance

$500

Member FDIC


Why we like it

BBVA has online accounts that are worth a look, with access to thousands of ATMs, including locations in Puerto Rico, Canada, Mexico, the United Kingdom and Australia. The bank also offers solid terms on CDs, but savings rates are low.

Read Full Review

BBVA USA CD

Not yet rated

BBVA USA CD

APY

0.05%

With $500 minimum balance

Minimum Balance

$500

Member FDIC


Why we like it

BBVA has online accounts that are worth a look, with access to thousands of ATMs, including locations in Puerto Rico, Canada, Mexico, the United Kingdom and Australia. The bank also offers solid terms on CDs, but savings rates are low.

Read Full Review

BBVA USA CD

Not yet rated

BBVA USA CD

APY

0.05%

With $500 minimum balance

Minimum Balance

$500

Member FDIC


Why we like it

BBVA has online accounts that are worth a look, with access to thousands of ATMs, including locations in Puerto Rico, Canada, Mexico, the United Kingdom and Australia. The bank also offers solid terms on CDs, but savings rates are low.

Read Full Review

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 offering massive APYs — as much as 4x the average APY* — plus, they also offer rock-bottom maintenance fees.

*18x more interest based on the national average annual percentage yield ("APY") of 0.05% (as reported by the Federal Deposit Insurance Corporation as of September 1, 2020) as compared to online banks with interest-bearing CD account APYs of 0.20% or more. Estimated annual earnings result assumes principal and interest remain on deposit for one year and interest rates and APY do not change. Estimated annual earnings are for informational purposes only. Interest rates and APY are subject to change and specific results cannot be guaranteed.

1 The national average annual percentage yield ("APY") is listed as 0.05% as reported by the Federal Deposit Insurance Corporation as of September 1, 2020.

You may also like these

People often identify opening a savings account as their next money move.

Explore Best Savings Accounts

Marcus by Goldman Sachs Online Savings Account

4.5

NerdWallet rating 
Marcus by Goldman Sachs Online Savings Account

APY

0.50%

With $0 minimum balance

Bonus

N/A

at Marcus by Goldman Sachs, Member FDIC

American Express® High Yield Savings Account

4.5

NerdWallet rating 
American Express® High Yield Savings Account

APY

0.40%

With $0 minimum balance

Bonus

N/A

at American Express National Bank, Member FDIC

To recap our selections...

NerdWallet's Standout CD rates