High yield certificates of deposit (CDs) are a financial vehicle, similar to high yield savings accounts, that typically provides safety in the form of FDIC insurance and an increased earning rate on your invested money.
Unlike a high yield savings account, a certificate of deposit will lock in a specific interest rate for a predetermined period of time. The longer the period of investment, usually, the higher the interest rate.
And, it’s common for many financial institutions to offer higher introductory rates on CDs to generate customer interest. Be aware, once the introductory period ends, interest rates will be reduced to the currently available rate for the investment period chosen.
Below we’ll list a few of the higher-yielding CDs currently available. Interest rates for variable time CDs will be listed. We will not include any introductory rates which may, or may not, be available in specific locations.
And, as a reference point, the current national CD interest rate (12-month CD) according to the Federal Deposit Insurance Corporation (FDIC) is – 1.36%.
Savings Beagle does not endorse any of the listed CDs. We provide the information for reference purposes only to make your research a little easier.
High Yield Certificates of Deposit
- 6-month – 3.90%
- 12-month – 4.50%
- Minimum deposit – $500
- Online
- 12-month – 4.40%
- 18-month – 4.40%
- Minimum deposit – $0
- Online
- 6-month – 3.40%
- 9-month – 3.50%
- 12-month – 4.25%
- Minimum deposit – $0
- Online
- 6-month – 4.25%
- 9-month – 4.30%
- 12-month – 4.50%
- Minimum deposit – $0
- Online
- 6-month – 3.30%
- 9-month – 3.30%
- 12-month – 4.15%
- Minimum deposit – $0
- Online
- 6-month – 4.15%
- 13-month – 4.65%
- 18-month – 4.60%
- Minimum deposit – $1,000
- Online
Withdrawing money from a CD prior to the end of its maturation period (the length of time associated with the CD you purchase) may result in a financial penalty. Check penalties, if any, associated with the CD you’re considering prior to investing.