Part of an effective financial strategy includes maximizing your earnings while balancing your need for liquidity; and a certificate of deposit, or CD, is one way to accomplish that goal. Just like with a high-yield savings account, you will want to stay informed on the best CD rates and terms available at each bank.

The tool we created to monitor the rates of more than 500 financial institutions (banks, credit unions, savings banks, and savings and loan associations) also displays the top 50 highest rates for CDs. Again, these are weekly rate updates designed to help you find the best rates for the type of account you are interested in, the specific term you seek, as well as the amount you would like to deposit.

I used to monitor these rates by hand, but it quickly became an enormous task. I hope you will find this tool useful, and I encourage you to add your comment below so others can benefit by your experience as they conduct their research.

TermRateAPYMin. To Earn APYDetails
5 year2.35%2.38%$1,000Term Share Certificate - 60 Months (1825 days) - Must be a member - County of Los Angeles, CA
5 year2.35%2.37%$5,000Share Certificate - contact Melrose CU for opening paperwork - Must be a member
5 year2.30%$50060 Month CD - for balances in Tier $0-$9,999
5 year2.30%$1,000Term CD - Apply online
5 year2.23%2.25%$060 Month Online CD
5 year2.23%2.25%$500Open online - Maximum deposit amount $1,000,000
5 year2.18%2.20%$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 year2.15%2.17%$1,500Yield Pledge CD
5 year2.08%2.10%$1,00060 month CD
5 year2.08%2.10%$2,500
5 year2.08%2.10%$2,50060 Month -Nationwide - apply online
5 year2.08%2.10%$50060 Month CD - Less than $100,000 - Rate collected within: 10025 (NY)
5 year2.05%$5,000Certificate of Deposit Accounts, New York Branch - for CD 5 years and above
5 year2.03%2.05%$1,00060 Month CD
5 year2.01%2.05%$1,000
5 year1.98%2.00%$0High-Yield CD - Apply online - Rate collected within: CA
5 year1.99%2.00%$500Central New York market area only
5 year1.98%2.00%$1,0005 Year CD Tier $1,000-$2,499
5 year1.98%2.00%$1,000Apply at a branch
5 year1.98%2.00%$50060 Month CD - Apply Online
5 year1.98%2.00%$50060 Month Regular CD - Rate collected within: Northern CA
5 year1.98%2.00%$50060 Month Regular CD - Rate collected within: Birmingham, 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 year1.93%1.95%$1,00060 - 120 Month CD
5 year1.93%1.95%$1,00060 month term - Balances of $1000-$89,999 - Account must be opened in branch - Accounts are available within: WA, OR, ID, UT, AZ, NV, TX and NM
5 year1.95%$50060 Month CD - Rates may vary based on location - Rate collected within: NY
5 year1.91%1.91%$1,000
5 year1.86%1.90%$500
5 year1.85%1.87%$1,00060 Month CD
5 year1.84%1.85%$1,00060 Month CD. IL market area only
5 year1.83%1.85%$5,000Callable Relationship - 60 Month with 1 year lock. Rate collected within AL.
5 year1.80%1.81%$10,000eCD rates for online account only
5 year1.75%1.75%$5,000
5 year1.73%1.75%$500Apply online - located in New York
5 year1.73%1.75%$1,000
5 year1.70%1.71%$1,00060 Month CD - Located in Avon, MA
5 year1.70%1.71%$50060 Month CD - Tier $500 - $4,999
5 year1.69%1.70%$50060 Month CD
5 year1.69%1.70%$1,00060 Month CD - Rates may vary based on location
5 year1.65%1.66%$50060 Month CD - Vermont market area only
5 year1.64%1.65%$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 year1.65%$50059 month - Membership is available, but not limited to select employer groups or those who live, work,or worship, attend school or regularly do business in Boyle, Breckenridge, Grayson, Hart, LaRue, Meade, Nelson or Taylor County. See website for additional eligiblity criteria.
5 year1.64%1.65%$2,00060 month CD - For balances of $100,000 or more contact credit union for rates. Membership is open to those who live, work, worship or attend college in one of the following Michigan counties: Saginaw, Bay, Midland, Genesee, Gratiot, Shiawassee and Tuscola.
5 year1.60%$2,50060 month CD - Traditional Term Certificate - Available in Pennsylvania and Ohio market area - Rate collected within: 15222 (PA)
5 year1.55%1.56%$1,000
5 year1.55%1.56%$1,000
5 year1.53%1.54%$1,000Internet CD - Nationwide - Open online or mail-in
5 year1.50%1.51%$1,00060 Month CD
5 year1.50%1.51%$1,00060 month
5 year1.50%1.51%$10,000

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.

Current Certificate of Deposit Rates

A certificate of deposit (CD) is considered a time deposit because it is not a liquid asset that can be accessed on demand. Instead, the amounts deposited into a CD are expected to remain untouched for a specific period of time. (In general, the longer the term, the higher the interest rate for a CD.) Historically, interest rates for CDs have been higher than for high-yield online savings accounts, and both types of accounts are generally FDIC-insured. There is usually a penalty if you withdraw your funds before the end of the term.

Interest rates are a moving target, though, so it is important to stay on top of the latest developments and think through how you will use a CD in your overall financial plan. There are a few different strategies to be aware of too: A CD ladder can help you maintain a relatively constant income no matter how current CD rates fluctuate. A parallel CD strategy can help you maintain some accessibility to your funds during the term. If you need to learn how to shop for CDs, read Richard Barrington’s post – but do shop for the best CD rates. In fact, you might want to bookmark this page just to make it easier.

An online account is arguably one of the most convenient ways to manage CDs, and most of these banks say they can offer a better rate structure because they aren’t brick-and-mortar institutions. Here are some of the best I have found:

GE Capital Bank CDs

GE Capital Bank requires a $500 minimum deposit and there are no monthly fees or transaction fees at all. You can link an external account and transfer funds – or send a domestic wire transfer or check – to open the account. GE offers a 10-day CD Rate Guarantee in case rates go up just after you open your account too. Interest is compounded daily and applied monthly, and deposits are FDIC-insured. Of note, GE Capital Bank tied for “Best Savings Account” by Money Magazine in 2013.

GE Capital Bank CD Rates
Term APY Minimum
6 months 0.70% $500
9 months 0.70% $500
12 months 1.10% $500
18 months 1.15% $500
24 months 1.30% $500
30 months 1.15% $500
36 months 1.45% $500
48 months 1.75% $500
60 months 2.25% $500
72 months 2.30% $500
Savings account: 1.05% Rates as of December 19, 2014

Synchrony Bank CDs

Synchrony Bank offers its Optimizer+Plus CDs with minimum opening deposits as low as $2,000 (jumbo CDs require a $100,000 minimum deposit). They also offer free identity theft protection services with their accounts and 24/7 access via their online banking portal, by phone or ATM card. Awarded “Best 12-month CD” by Money Magazine in 2013 when it operated as GE Capital Retail Bank, Synchrony’s CDs still offer competitive rates and are FDIC-insured.

Synchrony Bank CDs
Term APY Minimum
3 months 0.30% $2,000
6 months 0.45% $2,000
9 months 0.50% $2,000
12 months 1.10% $2,000
18 months 1.05% $2,000
24 months 1.20% $2,000
36 months 1.35% $2,000
48 months 1.70% $2,000
60 months 2.20% $2,000
Savings account: 1.00% Rates as of December 19, 2014

Barclays Online CDs .

Barclays is a large, international bank that has been in business for more than 300 years! There is no minimum balance to open a CD and there are no hidden monthly maintenance fees. They even offer a CD calculator to help you decide how best to manage your portfolio. Interest is compounded daily and deposits are FDIC-insured. Of note, Barclays also tied for “Best Savings Account” by Money Magazine in 2013.

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 1.45% $0
48 months 1.85% $0
60 months 2.25% $0
Savings account: 1.00% Rates as of December 19, 2014

Ally High-Yield Certificates of Deposit (CDs)

Ally Bank’s CDs offer no minimum deposit to open and no monthly maintenance fees. Ally Bank also offers the Ally Ten Day Best Rate Guarantee. Interest is compounded daily and deposits are FDIC-insured. In MoneyRates’ “Best Savings Accounts for 2014,” Ally Bank was awarded first place for consistently offering high rates for an entire year. Money Magazine also gave Ally Bank the top slot for “Best Online Bank” in both 2012 and 2013. Accounts are accessible 24/7 over an award-winning-mobile-banking application as well.

Ally Bank CD Rates
Term APY Minimum
3 months 0.30% $0
6 months 0.60% $0
9 months 0.65% $0
12 months 1.05% $0
18 months 1.04% $0
36 months 1.40% $0
60 months 2.00% $0
Savings account: 0.99% Rates as of December 19, 2014

Bank5 Connect CDs

Bank5 Connect offers a CD with a $500 minimum deposit and no monthly maintenance fees. Bank5Connect says its competitive rates are possible because it operates online, but certainly the degree to which your deposits are insured is also important. Bank5 Connect CDs are insured to their full amount (FDIC-insured to $250,000 and DIF-insured for over $250,000).

Bank5 Connect CD Rates
Term APY Minimum
6 months 0.85% $500
12 months 1.00% $500
18 months 1.05% $500
24 months (Investment CD) 1.30% $500
36 months 1.50% $500
Savings account: 0.90% Rates as of December 19, 2014

CIT Bank Jumbo CDs

If you can commit to a larger minimum deposit, CIT Bank seems prepared to make it worth your while. The CIT Bank jumbo CDs with a $100,000 minimum deposit and no monthly maintenance fees also compound interest daily. CIT Bank lets you manage your accounts online (24/7 access via the Internet) and provides online statements. CIT Bank was founded in 1908 by Henry Ittleson to provide financing for businesses. Throughout the 20th century, CIT expanded its product lines (including CDs, IRAs, and custodial accounts) to consumers and many business sectors and small businesses. Deposits are FDIC-insured.

CIT Bank Jumbo CD Rates
Term APY Minimum
24 months 1.40% $100,000
36 months 1.65% $100,000
48 months 2.10% $100,000
60 months 2.40% $100,000
Savings account: 0.95% Rates as of December 19, 2014

EverBank Yield Pledge CD

EverBank made a commitment to always be in the top 5 percent of competitive accounts, so their rates should be attractive no matter when you shop. There is a $1,500 minimum to open an account, but there are no account fees. Interest is compounded daily and deposits are FDIC-insured.

EverBank CD Rates
Term APY Minimum
3 months 0.35% $1500
6 months 0.37% $1500
9 months 0.43% $1500
12 months 0.70% $1500
18 months 0.77% $1500
24 months 1.01% $1500
30 months 1.25% $1500
36 months 1.50% $1500
48 months 1.82% $1500
60 months 2.13% $1500
Money Market account: 1.01%** Rates as of December 19, 2014

**For first-time account holders, Everbank’s Yield Pledge Money Market Account offers a new account bonus rate of 1.40 percent for the first six months, a first year APY currently at 1.01 percent for account balances up to $50,000 and an ongoing APY of 0.61 percent APY. (Rate as of December 19, 2014.)

Capital One 360 CDs

Capital One 360 CDs offer standard term lengths with no minimum deposit required. You can decide when to receive the interest earned (monthly, annually, or at the end of the term) and receive automatic renewal reminders. Interest is compounded daily and deposits are FDIC-insured.

Capital One 360 CD Rates
Term APY Minimum
6 months 0.40% $0
9 months 0.40% $0
12 months 0.40% $0
18 months 0.40% $0
24 months 0.40% $0
30 months 0.70% $0
36 months 0.70% $0
48 months 0.70% $0
60 months 0.90% $0
Savings account: 0.75% Rates as of December 19, 2014

Have you been able to find CD rates that rival these? If so, please add a comment below. Don’t forget to include the details: name of the bank, state, rate, when you opened the account with this rate, and whether you can open the account online or must appear in person.

GRS is committed to helping our readers save and achieve their financial goals. Savings interest rates may be low, but that is all the more reason to shop for the best rate. Find the highest savings interest rates and CD rates from Synchrony Bank, Ally Bank, GE Capital Bank, and more.