Best High Yield CD Accounts of 2024

Compare Certificate of Deposit Accounts
  • Compare our recommended CD accounts from our partners
  • Certificate of Deposit account independent ratings & reviews
  • National 1 Year CD Rate Average*: 1.72%
  • National 1 Year CD Rate Average*: 1.72%
  • See almost 5x higher rates from our partners
Ponce Bank Logo Powered By Raisin

Rating:

APY

5.25%

3 Month Term

  • High Yield CD
  • Term: 3 Month
  • 5.25% APY
  • Min. initial deposit: $1
  • FDIC Insured up to $250,000
  • No Monthly Fees
  • 24 /7 Access to Funds
  • Certified Community Development Financial Institution
  • Interest Compounded Daily
  • See Site for Details

On Raisin's Secure Site for
Ponce Bank, FDIC Insured

 

Western Alliance Bank Powered by Raisin

Rating:

APY

5.13%

6 Month Term

  • High-Yield CD
  • Min. initial deposit: $1
  • Term: 6 Months
  • 5.13% APY
  • FDIC Insured up to $250,000
  • No Monthly Fees
  • Interest Compounded Daily
  • Ranked #1 Top-Performing Large Bank with Assets $50 Billion and Above in 2021, 2022, & 2023 by American Banker
  • Exclusive Offer Powered by The Raisin Platform
  • 3.4x the National Avg. APY
  • See Site for Details

On Raisin's Secure Site for Western Alliance Bank,
FDIC Insured

Synchrony Bank Logo

Rating:

APY

4.90%

6 Month Term

Details

  • CD Account
  • Term: 6 Months
  • $0 minimum balance
  • 4.90% APY
  • See Site for Details

On Synchrony Bank’s Secure Site, Member FDIC

 

 No Penalty CD 

Cit Bank Logo

Rating:

APY

3.50%

11 Month Term

  • High Yield No Penalty CD
  • Term: 11 Months
  • 3.50% APY
  • Min. initial deposit: $1,000
  • No Maintenance Fees
  • No Penalty to Access Funds if Needed Before Maturity
  • Daily Compounding Interest to Maximize Your Earning Potential
  • FDIC Insured up to $250,000
  • Sign up in under 5 Minutes
  • See Site for Details

On CIT Bank's Secure Site, Member FDIC

Capital One Logo

Rating:

APY

4.85%

12 Month CD

Details

  • CD Account
  • Term: 12 Months
  • $1 Minimum balance
  • 4.85% APY

On Capital One’s, Secure Site, Member FDIC

 

Discover Bank Logo

Rating:

APY

4.70%

12 Month CD

  • High Yield CD
  • Term: 12 Months
  • Min. Initial Deposit: $2,500
  • 4.70% APY
  • No Monthly Fees
  • Lock in Your CD Rate & Earn Guaranteed Interest
  • 100% U.S.-based Customer Service Available 24/7
  • Interest Compounded Daily
  • FDIC Insured up to $250,000
  • See Site For Details

On Discover Bank's Secure Site, Member FDIC

 

Western Alliance Bank Powered by Raisin

Rating:

APY

5.05%

12 Month Term

  • High-Yield CD
  • Min. initial deposit: $1
  • Term: 12 Months
  • 5.05% APY
  • FDIC Insured up to $250,000
  • No Monthly Fees
  • Interest Compounded Daily
  • Ranked #1 Top-Performing Large Bank with Assets $50 Billion and Above in 2021, 2022, & 2023 by American Banker
  • Exclusive Offer Powered by The Raisin Platform
  • 2.6x the National Avg. APY
  • See Site for Details

On Raisin's Secure Site for Western Alliance Bank,
FDIC Insured

Blue Credit Union Logo Powered By Raisin

Rating:

APY

4.70%

 

 15 Month Term 

  • High Yield Certificate of Deposit
  • Term: 15 Months
  • 4.70% APY
  • Min. initial deposit: $1
  • Blue FCU is Federally Insured by NCUA, the National Credit Union Administration
  • NCUA Insured up to $250,000
  • No Monthly Fees
  • 24 /7 Online Access to Funds
  • 2.0x National Avg. APY
  • Interest Compounded Daily
  • Blue FCU Has Served Its Members for Over 70 Years
  • See Site for Details

On Raisin's Secure Site for​ Blue FCU, NCUA Insured

Discover Bank Logo

Rating:

APY

4.00%

24 Month CD

  • High Yield CD
  • Term: 24 Months
  • Min. Initial Deposit: $2,500
  • 4.00% APY
  • No Monthly Fees
  • Lock in Your CD Rate & Earn Guaranteed Interest
  • 100% U.S.-based Customer Service Available 24/7
  • Interest Compounded Daily
  • FDIC Insured up to $250,000
  • See Site For Details

On Discover Bank's Secure Site, Member FDIC

 

Marcus Bank Logo

Rating:

APY

4.30%

36 Month CD

Details

  • CD Account
  • $500 Minimum balance
  • Term: 36 Months
  • 4.30% APY
  • Contact Center Available 24/7
  • 10-Day CD Rate Guarantee. Details on Site.

On Marcus by Goldman Sachs’ Secure Site, Member FDIC


Customers Also Viewed These High Yield Savings Accounts:

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 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