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Best Jumbo CD Rates of 2026
By: Conor Keenan Last updated February 14, 2026
Conor Keenan is the Co-Founder of CompareAccounts and an Accredited Wealth Management Advisor candidate. He has covered consumer banking & investing trends for over a decade, his work has appeared in The Wall Street Journal, Reuters & Yahoo Finance.
Editorial Independence: Our opinions, reviews, and recommendations are our own. Partner commissions keep our site free, but our content remains independent.
See the CDs we recommend to family and friends who are ready to open a jumbo CD.
3.50% APY
On Raisin's Secure Site
for Western Alliance Bank,
FDIC Insured
Best For: High APY + Bonus
Term: 4 Months
APY: 3.50%
Western Alliance Bank offers 3.50% APY exclusively through the Raisin Platform on their 4 month CD.
Interest compounds daily and is posted to your account monthly.
This CD is a great fit if you're looking for a high APY but want access to your money sooner than other CD terms.
In addition to this high APY, Western Alliance offers $0 monthly maintenance fees and is insured by the FDIC for up to $250,000 per depositor.
Customer service is located in New York, they are available via phone or email. You'll also have 24/7 access to your account and funds.
Western Alliance Bank was founded in 1994 and is consistenly ranked among the top banks. They were ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director. Serving clients across the country wherever business happens.
See Raisin's Secure Site for Western Alliance Bank to Get More Details.
3.75% APY
On CIT Bank's Secure Site,
Member FDIC
Best For: High APY + Shorter Term
Term: 6 Months
CIT Bank currently offers 3.75% APY on their 6 Month CD with no monthly fees.
CIT Bank’s mobile app give you 24/7 access to your CD account. The mobile app is available for both IOS & Android devices.
You can open a CIT Bank 6 Month CD with as little as $1,000 and it only takes about 5 minutes to complete the sign-up process.
Deposits are insured through the FDIC for up to $250,000 per depositor and interest compounds daily to maximize your earning potential.Terms Applyⓘ
See CIT Bank's Secure Site For More Details.
6 Month CD Disclosure
1 Annual Percentage Yields (APYs) for all Term CDs are accurate as of January 9, 2026. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings.
2 Upon maturity, CDs are renewed for the same term automatically. The exception to this are the 13-Month CD and the 18-Month CD; upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY, and the 18-Month CD will be automatically renewed as a 2-Year Term CD at the then-published APY.
- For complete list of account details and fees, see our Personal Account disclosures. please visit: https://cit-fcb-t.cit.com/cit-
bank/resources/forms
3.50% APY
On Raisin's Secure Site
for Sallie Mae, Member FDIC
Best For: High Interest Rates
Term: 10 Months
APY: 3.50%
Earn 3.50% APY when you open a 10-month Certificate of Deposit from Sallie Mae® Bank, available exclusively through the secure Raisin platform.
This short-term CD gives you one of the most competitive rates on the market — perfect for savers who want strong returns without locking up funds for years.
Sallie Mae® Bank is a trusted name in finance, with more than $30 billion in assets and a legacy that dates back to 1972. Known for supporting educational and financial success, Sallie Mae brings decades of experience to your savings goals. Now, through Raisin, they’re offering an incredibly strong CD option with powerful perks.
With $0 monthly maintenance fees and full FDIC insurance up to $250,000 per depositor, your savings are not only growing — they’re protected.
Raisin also gives you the option to expand your coverage up to $10 million in federal deposit insurance by spreading funds across its network of partner banks, all through a single secure login.
You’ll have 24/7 access to your account and funds online, and if you ever need assistance, the U.S.-based customer service team is available by phone Monday through Friday, from 9:00 a.m. to 4:00 p.m. ET. You can also reach out anytime via secure message or email.
See Raisin's Secure Site for Sallie Mae® Bank For More Details.
Annual Percentage Yield (APY)
3.75% APY
APY as of February 14, 2026
On CIT Bank's Secure Site,
Member FDIC
Best For: No Penalty Fees
Term: 11 Months
APY: 3.75%
CIT Bank has been helping customers for over 100 years. Founded in 1908, CIT Bank is now part of First Citizens BancShares, Inc.
CIT Bank offers 3.75% APY1 on their 11 Month No Penalty CD with no monthly fees.
There is no penalty to access funds if needed before maturity.2
You can open a CIT Bank 11 Month No Penalty CD with as little as $1,000 and it only takes about 5 minutes to complete the sign-up process.
Deposits are insured through the FDIC for up to $250,000 per depositor and interest compounds daily to maximize your earning potential. Terms Applyⓘ
See CIT Bank's Secure Site For More Details.
11 Month No Penalty CD Disclosure
1 APY — Annual Percentage Yield is accurate as of January 9, 2026. $1,000 minimum to open the account.
2 With a No-Penalty CD, you may withdraw the total balance and interest earned, without penalty, beginning 7 days after funds have been received for your CD. No withdrawals are permitted during the first 6 days following the receipt of funds.
- For complete list of account details and fees, see our Personal Account disclosures. please visit: https://cit-fcb-t.cit.com/cit-
bank/resources/forms
3.80% APY
On Synchrony Bank's
Secure Site, Member FDIC
Best For: High APY From a Fortune 500 Bank
Term: 12 Months
APY: 3.80%
Synchrony Bank’s 12-Month CD combines a competitive APY with the security of a fixed term, all with no minimum deposit required to open. Whether you’re saving for a big purchase, a tax bill, or just want your money working harder than in a savings account, this CD delivers a guaranteed return.
Interest is compounded daily and credited monthly, so your balance grows steadily. With terms available from 3 months to 5 years, Synchrony gives you the flexibility to align your savings with your financial goals.
You’ll never pay monthly maintenance fees and accessing your account is simple through Synchrony’s online banking and mobile app, giving you control at your fingertips.
Synchrony is a Member FDIC which means your deposits are federally insured up to $250,000 per depositor.
Founded in 2003, Synchrony is a Fortune 500 company and ranked among the nation’s leading consumer banks, Synchrony has built a reputation for helping customers grow their money with competitive rates and dependable service. Terms Applyⓘ
See Synchrony Bank's Secure Site For More Details.
Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
Compare With
Not Recommended
2.00% APY
Not Recommended. Shown For Comparison Purposes Only.
Term: 12 Months
APY: 2.00%
Wells Fargo is also one of the largest banks in the United States and also offers a very low APY for their CD accounts.
They currently offer a sad 2.00% APY on their 12 Month CD.
They require a minimum opening deposit of $2,500 and depending on where you live, your interest rate may vary as rates vary from state to state.
Because of the bottom barrel APY and varying rates by state, we don't recommend you opening a savings account with Wells Fargo.
3.30% APY
On Raisin's Secure Site
for Western Alliance Bank,
FDIC Insured
Best For: High APY From a Top Performing Bank
Term: 12 Months
Western Alliance Bank offers 3.30% APY exclusively through the Raisin Platform on their 12 month CD.
Interest compounds daily and is posted to your account monthly.
This APY is substantially higher than what you’ll find at most brick-and-mortar banks and even most online banks.
In addition to this high APY, Western Alliance offers $0 monthly maintenance fees and is insured by the FDIC for up to $250,000 per depositor.
Customer service is located in New York, they are available via phone or email. You'll also have 24/7 access to your account and funds.
Western Alliance Bank was founded in 1994 and is consistenly ranked among the top banks. They were ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director. Serving clients across the country wherever business happens.
Limited Time Offer: New customers can earn $80 for $10K, $200 for $25K, $400 for $50K, $800 for $100K, or $2,000 for $250K+ deposited. Bonuses are paid quarterly when you maintain your balance each quarter for one year. Offer ends December 31, 2025.
Use promo code GIFT at sign-up.
See Raisin's Secure Site for Western Alliance Bank to Get More Details.
Annual Percentage Yield (APY)
3.25% APY
APY as of February 14, 2026
On CIT Bank's Secure Site,
Member FDIC
Best For: High APY Interest Rates + Mobile App
APY: 3.25%
CIT Bank offers 3.25% APY1, as of February 14, 2026, on their 13 Month CD with no monthly fees.
CIT Bank’s mobile app give you 24/7 access to your CD account. The mobile app is available for both IOS & Android devices.
You can open a CIT Bank 13 Month CD with as little as $1,000 and it only takes about 5 minutes to complete the sign-up process.
Deposits are insured through the FDIC for up to $250,000 per depositor and interest compounds daily to maximize your earning potential. Terms Applyⓘ
See CIT Bank's Secure Site For More Details.
13- Month CD Disclosure
1 APY —Annual Percentage Yield is accurate as of January 9, 2026. $1,000 minimum deposit is required to open the account. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings. Upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY.
- For complete list of account details and fees, see our Personal Account disclosures. please visit: https://cit-fcb-t.cit.com/cit-
bank/resources/forms
High APY
4.00% APY
On Synchrony Bank's
Secure Site, Member FDIC
Best For: High APY From a Fortune 500 Bank
Term: 14 Months
APY: 4.00%
Synchrony Bank’s 14-Month CD combines a competitive APY with the security of a fixed term, all with no minimum deposit required to open. Whether you’re saving for a big purchase, a tax bill, or just want your money working harder than in a savings account, this CD delivers a guaranteed return.
Interest is compounded daily and credited monthly, so your balance grows steadily. With terms available from 3 months to 5 years, Synchrony gives you the flexibility to align your savings with your financial goals.
You’ll never pay monthly maintenance fees and accessing your account is simple through Synchrony’s online banking and mobile app, giving you control at your fingertips.
Synchrony is a Member FDIC which means your deposits are federally insured up to $250,000 per depositor.
Founded in 2003, Synchrony is a Fortune 500 company and ranked among the nation’s leading consumer banks, Synchrony has built a reputation for helping customers grow their money with competitive rates and dependable service. Terms Applyⓘ
See Synchrony Bank's Secure Site For More Details.
Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
To recap our recommendations.
Best Certificate of Deposits According To CompareAccounts™
Western Alliance Bank® High-Yield CD: 3.50% APY - 4 Month Term - Earn up to $2,000 with Promo Code: GIFT
CIT Bank® Certificate of Deposit Account: 3.75% APY - 6 Month Term
Sallie Mae® Bank Certificate of Deposit: 3.50% APY - 10 Month Term
CIT Bank® No Penalty Certificate of Deposit Account: 3.75% APY - 11 Month Term
Synchrony Bank Certificate of Deposit Account: 3.80% APY - 12 Month Term
Western Alliance Bank® High-Yield CD: 3.30% APY - 12 Month Term
CIT Bank® Certificate of Deposit Account: 3.25% APY - 13 Month Term
Synchrony Bank Certificate of Deposit Account: 4.00% APY - 14 Month Term
Top choice for bonus + APY
Bonus: up to $300 with Direct Depositⓘ
Limited Time Offer: +0.70% Boost to 4.00% APY for up to 6 Months on New Accounts with Eligible Direct Deposit.
On SoFi's Secure Site,
Member FDIC
Customers Also Viewed These High-Yield Savings Accounts
Up to $300 Bonus
up to APY
4.00%
Annual Percentage Yield (APY)
- Checking & Savings Account
- Min. to Open: $0
- Bonus: up to $300 with Direct Depositⓘ
- Up to 4.00% APY on Savings Balances with Qualifying Activities
- $0 Monthly Fees
- FDIC Insured up to $250,000
- Earn $50 or $300 with direct deposit, terms apply
- Limited Time Offer: +0.70% Boost to 4.00% APY for up to 6 Months on New Accounts with Eligible Direct Deposit.
- Terms Applyⓘ
- See Site for Details
1. Up to $300 Bonus Tiered Disclosure
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.30% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
2. APY disclosures
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
3. Fee Policy
We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
4. Additional FDIC Insurance
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at SoFi.com/banking/fdic/terms See list of participating banks at SoFi.com/banking/fdic/receivingbanks
5. ATM Access
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees
may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.
6. Early Access to Direct Deposit Funds
Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
7. Overdraft Coverage
Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.
8. 0.70% Savings APY Boost
Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 12/23/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 3/30/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
On SoFi's Secure Site,
Member FDIC
APY
3.30%
Annual Percentage Yield (APY)
- High Yield Savings Account
- Min. to Earn APY: $0
- Min. to Open2: $0
- 3.30% APY1
- APY as of February 14, 2026
- Interest Compounded Daily
- $0 Monthly Fees
- 24/7 Customer Service
- FDIC Insured up to $250,000
- Backed by the Service & Reliability of American Express
- Terms Applyⓘ
- See Site for Details
Terms Disclosure:
1. The Annual Percentage Yield (APY) as advertised is accurate as of February 14, 2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded
2. There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.
3. iOS and Android only. See app store listings for operating system info.
4. For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.
On American Express National Bank's Secure Site, Member FDIC
APY
3.30%
Annual Percentage Yield (APY)
- High Yield Savings Account
- Min. to Earn APY: $0
- Min. to Open2: $0
- 3.30% APY1
- APY as of February 14, 2026
- Interest Compounded Daily
- $0 Monthly Fees
- 24/7 Customer Service
- FDIC Insured up to $250,000
- Backed by the Service & Reliability of American Express
- Terms Applyⓘ
- See Site for Details
Terms Disclosure:
1. The Annual Percentage Yield (APY) as advertised is accurate as of February 14, 2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded
2. There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.
3. iOS and Android only. See app store listings for operating system info.
4. For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.
On American Express National Bank's Secure Site, Member FDIC
APY
3.50%
- High-Yield Savings Account
- Min. initial deposit: $0.00
- 3.50% APY — far above the national average
- Member FDIC
- No Minimum Balance
- No Monthly Fees
- Interest Compounded Daily
- Full Liquidity - Withdraw Funds Anytime
- Terms Applyⓘ
- Trusted Fortune 500 Bank with Nationwide Reach Serving Millions of Customers
- See Site for Details
Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
On Synchrony Bank's
Secure Site, Member FDIC
What to Look for in a Certificate of Deposit Account
It’s always wise to compare your options when opening a new certificate of deposit account.
Small differences in interest rates and fees can quickly add up over time, especially if you’re keeping a large balance in the account.
Here are the top features to look for and compare:
1. Interest Rate
The interest rate of a certificate of deposit is one of its most important features. However, a very high interest rate can get completely wiped out if you have to pay a penalty fee because you need to withdrawl your funds before the term is complete.
Besides interest rate, term length is the second most important factor. Other important features of your certificate of deposit account include the required initial deposit, and minimum balance required.
2. Term Length
Most banks will charge you what’s called a “penalty fee” for withdrawing your funds before the term length has been completed.
This means, that if you open a 12-month CD, but withdraw your funds within 6 months, then you’ll pay a penalty fee.
Therefore, you need to decide when you’ll need these funds again.
For any term less than a year, we recommend a high-yield savings account.
If this is your first CD account, we recommend starting with a 12 – 15 month term.
If you’ve opened a CD account in the past, then you choose which term is right for you and your unique situation.
3. Required Initial Deposit
Initial deposit is another important factor when deciding to open up a certificate of deposit. Most banks require at least a $500 initial deposit to open a CD account.
While others require much more than $500 to open the account.
Again, because the initial deposit is in the hundreds if not thousands, we recommend you open a high-yield savings account if you need these funds within a year.
*National Savings Rate Average as published by FDIC