For the past few months, I've maintained this list of CD rates by hand. That worked fine for a while, but interest rates change often, and I prefer spending my time writing about personal finance.

Now, you can find daily rate updates on the highest cd rates using the certificate of deposit rate finder here. This tool monitors rates from over 200 banks and displays the top 50 highest rates.

The original post that discusses different Bank CD rate offerings will still be updated on a regular basis.

TermRateAPYMin. To Earn APYDetails
5 year2.25%2.27%$5,000Share Certificate - contact Melrose CU for opening paperwork - Must be a member
5 year2.25%$1,000Term CD - Apply online
5 year2.23%2.25%$060 Month Online CD
5 year2.22%2.24%$1,500Yield Pledge CD
5 year2.13%2.15%$1,00060 Month CD
5 year2.08%2.10%$500Tiered interest rate - between $500 and $25,000 - must be a member and reside in Texas, Colorado or Utah - apply online - Rate collected within: 78203 (TX)
5 year2.08%2.10%$500Apply online - located in New York
5 year2.08%2.10%$500Open online - Maximum deposit amount $1,000,000
5 year2.05%$5,000Certificate of Deposit Accounts, New York Branch - for CD 5 years and above
5 year2.03%2.05%$50060 Month CD - Less than $100,000 - Rate collected within: 10025 (NY)
5 year2.01%2.05%$1,000
5 year2.00%2.02%$10,000eCD rates for online account only
5 year2.00%2.02%$1,000Term Share Certificate - 60 Months (1825 days) - Must be a member - County of Los Angeles, CA
5 year2.00%2.01%$1,00060 Month CD - Located in Avon, MA
5 year1.98%2.00%$50060 Month Regular CD - Rate collected within: Northern CA
5 year1.98%2.00%$5,000Callable Relationship - 60 Month with 1 year lock. Rate collected within AL.
5 year2.00%$10,000Rate available with active checking account - membership is available nationwide - may become a member and open account online - contact credit union for details - credit union located in Wisconsin
5 year1.99%2.00%$500Central New York market area only
5 year1.98%2.00%$50060 Month Regular CD - Rate collected within:Jacksonville, FL
5 year1.98%2.00%$50060 Month Regular CD - Rate collected within: Birmingham, AL
5 year1.98%2.00%$1,0005 Year CD Tier $1,000-$2,499
5 year1.93%1.95%$2,500
5 year1.92%1.94%$2,500Limited to New York and Florida market area
5 year1.90%$50060 Month CD - Rates may vary based on location - Rate collected within: NY
5 year1.85%$50060 Month CD - for balances in Tier $0-$9,999
5 year1.79%$1,00060 month CD - Limited to Brooksville, KY market area
5 year1.75%1.77%$1,000
5 year1.74%1.75%$500Rate collected within: 08034 (NJ)
5 year1.75%1.75%$2,500
5 year1.75%$500Apply online - Rate collected within: Adams County, Ohio
5 year1.73%1.75%$1,000Apply at a branch
5 year1.74%1.75%$50060 Month CD - Apply Online
5 year1.70%1.71%$50060 Month CD - Tier $500 - $4,999
5 year1.70%1.71%$1,000
5 year1.65%1.66%$1,000
5 year1.64%1.65%$1,00060 month CD
5 year1.60%1.61%$500Membership is limited to employees of the air transportation industry, as well as those who live or work in select counties of the Minneapolis/St. Paul, MN, metro area
5 year1.59%1.60%$100High-Yield CD - Apply online
5 year1.60%$2,50060 month CD - Traditional Term Certificate - Available in Pennsylvania and Ohio market area - Rate collected within: 15222 (PA)
5 year1.54%1.55%$1,00060 Month CD - Rates may vary based on location
5 year1.50%1.51%$1,00060 Month CD - Limited to local Nebraska market area
5 year1.50%1.51%$10,000
5 year1.50%1.51%$1,00060 Month CD Tier $1,000 - $9,999 - Apply online or at branch
5 year1.50%1.51%$1,000Money Market Certificates - membership is open to U.S. military
5 year1.50%1.51%$1,00060 Month CD
5 year1.50%1.51%$5005 Year CD - Must be a member of O Bee Credit Union
5 year1.49%1.50%$500
5 year1.49%1.50%$500Apply at a branch - New York
5 year1.49%1.50%$1,00060 month term-Balances of $1,000-$89,999-Account must be opened in branch. Accounts are available within: WA, OR, ID, UT, AZ, NV, TX and NM
5 year1.50%$2,500Nationwide - apply online

Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.


Version of Original Post Below

The Online CD rates (certificate of deposit) on this page are updated as of dates noted below.

Certificates of deposit (often simply called CDs) are time deposits. You give your money to a bank and then promise not to touch it for a specific length of time. In general, the longer you agree to let the bank keep your money, the higher the interest rate you’ll receive. And historically, the best CD rates generally pay more interest than you can earn in a high yield savings account.

As we’ve seen recently, the rate of personal savings are increasing. But also recently, the active commenters on my high interest savings account page have become discouraged. Interest rates continue to drop, and they feel like they’re not getting good value for their money. “I’m now considering just getting a CD because I’m so sick of all this nonsense with the daily savings account rates!” DreaDrea wrote.

Current CD rates have also fallen, but remain high in some corners. For those hoping to eke the best return from their cash reserves, online CDs could be a great choice. To make the savings die-hards happy, I did some research on current CD rates from popular online banks. Here’s what I found.

Note: If you’re new to CDs, you can take a crash course on the subject by reading how to put your savings on steroids with certificates of deposit.

I didn’t know much about CDs until I won a $1,000 certificate of deposit, but its six month term is due to expire. It’s time for me to decide where I should put that money next.

Barclays is a large international bank, with some very appealing rates:

Barclays CD Rates
Term APY Minimum
3 months 0.35% $0
6 months 0.55% $0
9 months 0.60% $0
12 months 0.80% $0
18 months 0.85% $0
24 months 1.15% $0
36 months 1.35% $0
48 months 1.70% $0
60 months 2.25% $0
Savings account: 0.90% Rates as of April 15, 2014

Ally Bank CD Rates
Term APY Minimum
3 months 0.30% $0
6 months 0.61% $0
9 months 0.64% $0
12 months 0.99% $0
18 months 0.94% $0
36 months 1.20% $0
48 months 1.30% $0
60 months 1.60% $0
Savings account: 0.87% Rates as of April 15, 2014

I don’t know much about EverBank. I do know that their rates are competitive. **For first time account holders, Everbank’s Yield Pledge Money Market account offers a new account bonus rate of 1.10% for the first six months, a first year APY currently at 0.86% for account balances up to $50K and an ongoing APY of 0.61% APY. Rates as of April 15, 2014

EverBank CD Rates
Term APY Minimum
3 months 0.33% $1500
6 months 0.35% $1500
12 months 0.70% $1500
18 months 0.70% $1500
24 months 0.90% $1500
36 months 1.29% $1500
48 months 1.73% $1500
60 months 2.24% $1500
Money Market account: 0.86%** Rates as of April 15, 2014

Rates for Capital One Bank collected within: 10025 (NY)

Capital One Bank CD Rates
Term APY Minimum
6 months 0.10% $500
12 months 0.15% $500
36 months 0.35% $500
60 months 0.75% $500
Savings account: up to 0.85% Rates as of April 15, 2014

HSBC rates posted below are for their online accounts. ** HSBC Advance Online Savings Account APY for balances between $.01 – $9,999.99.

HSBC Advance CD Rates
Term APY Minimum
6 or 9 months 0.01% $1,000
12 months 0.01% $1,000
18 or 24 months 0.05% $1,000
30 or 36 months 0.10% $1,000
48 months 0.15% $1,000
Savings account: 0.01%** Rates as of April 15, 2014

Capital One 360 CD Rates
Term APY Minimum
6 months 0.40% $0
12 months 0.40% $0
36 months 0.70% $0
60 months 0.90% $0
Savings account: 0.75% Rates as of April 15, 2014

I found CDs through a few other online banks, but either their yields were much lower, or I couldn’t access a full list of CD rates. (Some banks just put a teaser out front, and you have to sign up to see the full list of rates.)

One question I have — and maybe I’m missing something here — is why would anybody open a CD at HSBC Direct, for example, when their high-interest savings account yields more? And though savings rates might drop a little lower, they’re likely to increase long-term, right? So, why would I want to lock myself into a low CD rate when I expect savings accounts to go up by the end of the year?

Can anyone explain this to me?

As I say, I’m new to online certificates of deposit. Are there things I’m not considering? Should I be looking for factors other than the best CD rates? (I’m tempted to just remain with ING Direct — or to move money over to my credit union.) Have you held certificates of deposit at any of these banks? Are there other banks that should be considered?

Have you been able to find CD rates that are even better than the ones listed here? If so, please let us know. Don’t forget to include all the details: name of the bank, state, rate, when you opened this account with this rate and whether one can you open an account online or have to come in person. I’d like to find the best CD rates to share with Get Rich Slowly readers.

This article is about CD Rates, Choices, Odds and Ends