Top 8 Banks Offering the Best CD Rates in the US

Certificates of Deposit (CDs) remain a reliable option for savers seeking fixed returns with minimal risk. Several banks and credit unions are offering competitive CD rates, providing opportunities to maximize earnings. When considering a CD, it's essential to evaluate the term length, interest rate, and minimum deposit requirements to find the best fit for your financial goals. Below is a curated list of eight institutions offering some of the highest CD rates this month, along with their official websites for more information.

1. First Internet Bank of Indiana

2. Rising Bank

3. Limelight Bank

4. Popular Direct

5. Salem Five Direct

6. Newtek Bank

7. OMB Bank

8. TAB Bank

First Internet Bank of Indiana stands out with its impressive CD offerings, providing rates ranging from 3.72% to 4.49% APY for terms between 3 months and 5 years. With a minimum deposit requirement of $1,000, this online bank caters to savers nationwide, combining competitive rates with the convenience of digital banking.

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Rising Bank offers CD terms from 6 months to 3 years, with APYs between 2.70% and 4.41%. A minimum deposit of $1,000 is required, making it accessible for many savers. As an online bank, Rising Bank provides a user-friendly platform for managing your investments.

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Limelight Bank presents CD options with terms spanning 6 months to 3 years, offering APYs from 3.80% to 4.40%. With a $1,000 minimum deposit, this online bank combines attractive rates with environmentally conscious banking practices.

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Popular Direct provides a range of CD terms from 3 months to 5 years, featuring APYs between 4.10% and 4.40%. A higher minimum deposit of $10,000 is required, catering to savers looking to invest larger sums for better returns.

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Salem Five Direct offers CD terms from 6 months to 5 years, with APYs ranging from 2.00% to 4.40%. A minimum deposit of $10,000 is necessary, and as an online division of Salem Five Bank, it combines traditional banking experience with digital convenience.

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Newtek Bank stands out with its 9-month CD offering an APY of 4.60%, and a 6-month CD at 4.50%. These competitive rates are ideal for savers seeking short-term investment options with high returns.

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OMB Bank provides a 9-month CD with a 4.50% APY and a 13-month CD at 4.40% APY. These offerings are suitable for those looking for medium-term investments with solid returns.

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TAB Bank offers an 18-month CD with a 4.16% APY, requiring a minimum deposit of $1,000. This option is ideal for savers seeking a balance between term length and interest rate.

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