We analyzed more than 330 CDs offered by 46 institutions and gave each a score out of 100. There are five organizations to choose from, including Tread Lightly (which charges $25 to join and promotes outdoor recreation) and the New-York Historical Society (which charges a $100 membership fee). You can join the credit union by becoming a member of a nonprofit organization.

Its 5.00% APY is quite competitive and you have a seven-day grace period before automatic renewal at the end of the term.

Given that high cost, if you suspect that the need for an early withdrawal may pop up - consider the credit union’s special 11-month, no-penalty certificate account. To wit: the early withdrawal penalty for certificate accounts of 18 months or longer is 360 days’ dividends, which can be deducted from your principal should you not have earned enough dividends to cover it. You’ll need $500 minimum to open the account, which isn’t nothing, but not onerous, either. You can earn a 5.20% APY on an 18-month certificate account at USAlliance, which tops amongst our winners - but that yield comes with tradeoffs. The one thing you won’t find though is a brick-and-mortar location as Ally Bank is an online-only institution. In addition to CDs, you can find home loans, auto loans, checking and savings, credit cards and investing options. Still, you must have conviction in your choice: You’ll pay 60 days’ interest on CD terms that are 24 months or fewer should you withdraw your principal early.Īs one of the largest banks in the nation, Ally offers almost everything you’d expect from a traditional bank. That should give you confidence to pull the trigger. Should you end up renewing your CD, Ally will automatically add a 0.05% loyalty reward to the new interest rate of any CD you renew into.Ī nice perk for these times is Ally’s Ten Day Best Rate Guarantee: It promises that Ally will automatically boost your rate to match if the yield on the CD term you select goes up within 10 days of you opening the CD.

Ally Bank’s 18-month CD comes with a sky-high 5.15% APY, that compounds daily, and doesn’t require a minimum deposit.

Synchrony bank cd interest rate