High Yield CDs & Savings Accounts

  • Compare our recommended saving accounts & rates from our partners
  • Savings account independent ratings & reviews
  • National Savings Rate Average*: 0.47%
  • See 10x & higher rates from our partners
  • National Savings Rate Average*: 0.47%
  • See 10x & higher rates from our partners

A high yield savings account can offer as high of an APY as a CD, but with much more flexibility.

Compare CDs & savings accounts with ease, find the right one for you, and open your account in minutes.

Open your new account with confidence. Each of our recommendations is insured up to $250,000 per depositor.

High-Yield Certificate of Deposit Accounts:

Get your rate guaranteed with fixed terms.

Ponce Bank Logo Powered By Raisin

Rating:

APY

5.35%

3 Month Term

  • High Yield CD
  • Term: 3 Month
  • 5.35% 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

 

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

 

 High APY Rate 

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

High-Yield Savings Accounts:

Get more flexibility with similar APY.

American Express High Yield Savings Account Logo

Rating:

APY

4.25%

Annual Percentage Yield (APY)

  • High Yield Savings Account
  • Min. to Earn APY: $1
  • Min. Initial Deposit: $0
  • 4.25% APY
  • APY as of May 17, 2024
  • 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

 On American Express National Bank's Secure Site, Member FDIC

Discover Bank Logo

Rating:

APY

4.25%

  • High Yield Savings Account
  • Min. balance for APY: $0
  • Min. Initial Deposit: $0
  • 4.25% APY
  • 5x National Savings Avg*
  • Mobile Check Deposit
  • No Monthly Fees
  • 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

 

To recap our recommendations.

Best Savings Accounts According To CompareAccounts™

To recap our recommendations.

Best Certificate of Deposits According To CompareAccounts™

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

High Yield CDs & Savings Accounts

  • National Savings Rate Average*: 0.47%
  • See 10x & higher rates from our partners

A high yield savings account can offer as high of an APY as a CD, but with much more flexibility.

Compare CDs & savings accounts with ease, find the right one for you, and open your account in minutes.

Open your new account with confidence. Each of our recommendations is insured up to $250,000 per depositor.


To summuarize our recommendations.

Best CDs According To CompareAccounts™


To summuarize our recommendations.

Best Savings Accounts According To CompareAccounts™

High-Yield Certificate of Deposit Accounts:

Get your rate guaranteed with fixed terms.

Ponce Bank Logo Powered By Raisin

Rating:

APY

5.35%

3 Month Term

  • High Yield CD
  • Term: 3 Month
  • 5.35% 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

 

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

 

 High APY Rate 

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

High-Yield Savings Accounts:

Get more flexibility with similar APY.

American Express High Yield Savings Account Logo

Rating:

APY

4.25%

Annual Percentage Yield (APY)

  • High Yield Savings Account
  • Min. to Earn APY: $1
  • Min. Initial Deposit: $0
  • 4.25% APY
  • APY as of May 17, 2024
  • 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

 On American Express National Bank's Secure Site, Member FDIC

Discover Bank Logo

Rating:

APY

4.25%

  • High Yield Savings Account
  • Min. balance for APY: $0
  • Min. Initial Deposit: $0
  • 4.25% APY
  • 5x National Savings Avg*
  • Mobile Check Deposit
  • No Monthly Fees
  • 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

 

To recap our recommendations.

Best Savings Accounts According To CompareAccounts™

To recap our recommendations.

Best Certificate of Deposits According To CompareAccounts™

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