11 Best Certificate of deposit Accounts of 2023

Quontic Bank Pros: · 4.45% 60-month APY · 4.00% 12-month APY · $500 minimum opening deposit Cons: · Online-only bank

First Internet Bank Pros: · 4.39% 60-month APY · 4.59% 12-month APY Cons: · $1,000 minimum balance · Online-only bank

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Bread Saving Pros: · 3.65% 60-month APY · 2.00% 12-month APY Cons: · $1,500 minimum balance · Online-only bank

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Synchrony Bank Pros: · No minimum balance · 4.30% 12-month APY · 15-day Best Rate Guarantee Cons: · Low APYs on short-term CD · Online-only bank

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Ally Bank Pros: · 4.00% 12-month APY · Options for rate increase and no early withdrawal penaltie · High Yield CD and Raise Your Rate CD available as an IRA Cons: · Some rates not as good as leaders in the category · Online-only bank · Must withdraw within 10 days after maturity to avoid autorenewal

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TIAA Bank Pros: · Good rates on short-term CD · 3.45% 60-month APY · 4.15% 12-month APY Cons: · $1,000 minimum opening deposit · Online-only bank

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Marcus by Goldman Sach Pros: · 10-day best rate guarantee · 4.15% 12-month APY · Lower minimum opening deposit than many CDs require Cons: · Online-only bank

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Discover Bank Pros: · 4.25% APY on terms of 60-month or more · 4.00% 12-month APY Cons: · $2,500 minimum balance · Online-only bank

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TAB Bank Pros: · 4.00% 60-month APY · 4.00% 12-month APY Cons: · $1,000 minimum balance · Online-only bank

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Sallie Mae Bank Pros: · 4.25% 12-month APY · Good choice of term Cons: · $2,500 minimum deposit · Online-only bank

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Capital One Pros: · 4.40% 60-month APY · 4.15% 12-month APY · Physical bank location Cons: · Not as many locations as some other banks on this list

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IncredibleBank Pros: · Option to open CD in trust or IRA Cons: · Low rate

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