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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 10 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.

Excellent for

24 Month Offer

Capital One 360 CD
Learn more

at Capital One, Member FDIC

Capital One 360 CD

4.0

NerdWallet rating 
Capital One 360 CD

Minimum Deposit

$0

Member FDIC

APY

0.70%
Learn more

at Capital One, Member FDIC

Excellent for

60 Month Offer

Capital One 360 CD
Learn more

at Capital One, Member FDIC

Capital One 360 CD

4.0

NerdWallet rating 
Capital One 360 CD

Minimum Deposit

$0

Member FDIC

APY

1.00%
Learn more

at Capital One, Member FDIC

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 10x the average APY* — plus, they also offer rock-bottom maintenance fees.

*10x more interest based on the national average annual percentage yield ("APY") of 0.06% (as reported by the Federal Deposit Insurance Corporation as of April 20, 2020) as compared to online banks with interest-bearing CD account APYs of 0.60% 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.

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

Marcus by Goldman Sachs Online Savings Account

5.0

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

Alliant Credit Union High-Rate Savings

5.0

NerdWallet rating 
Alliant Credit Union High-Rate Savings

APY

0.55%

With $100 minimum balance

Bonus

N/A

American Express® High Yield Savings Account

4.5

NerdWallet rating 
American Express® High Yield Savings Account

APY

0.40%

With $1 minimum balance

Bonus

N/A

at American Express National Bank, Member FDIC

To recap our selections...

NerdWallet's Standout CD rates