We analyze online CDs in the U.S. to uncover which have the best earnings, benefits, and the lowest fees. Learn more about our methodology here. Bank awards methodology | Previous Award Winners

1. Best No-Minimum Mid-Term CD

Capital One 360 36-Month CD

A MyBankTracker Rating

Top CD rate for mid-term savings.

Best Feature: Highest mid-term CD rate with no minimum balance.

Capital One 360 offers one of the best CD rates if you can lock in your savings for 3 years. The bank's 36-Month CD has a highly competitive APY (1.60% APY) with no minimum balance requirement.

  • Earn

    Earn a 1.60% APY on a 3-year CD term

  • Fees

    Early withdrawal penalty of 6 months worth of interest

  • Benefits

    Options to receive interest disbursements monthly or yearly

    Mobile app available on the Apple App Store and Google Play

2. Best Long-Term CD

Melrose Credit Union 5-Year CD

A+ MyBankTracker Rating

Lenient membership policy. Competitive interest rate.

Best Feature: A widely available long-term CD with an amazing rate.

Melrose Credit Union is offering 2.32% APY on its 5-year CD, which is why we’re giving it top honors. This rate is noticeably higher than what you’ll find at the best online banks. Moreover, Melrose Credit Union has a lenient membership policy, requiring only a $1 donation to join.

  • Earn

    Earn a 2.32% APY on a 5-year CD term

  • Fees

    Early withdrawal penalty of 180 days worth of interest

  • Benefits

    Calculators to help you plan your finances

    Free financial planning and legal services

    Mobile app available on the Apple App Store and Google Play

3. Best High-Rate Short-Term CD

Synchrony Bank 12-Month CD

C+ MyBankTracker Rating

Build savings faster for short-term goals.

Best Feature: Very high CD rate for short-term savings.

Synchrony Bank shines due to its 12-month CD. This CD comes with an amazing rate (1.25% APY) that’s better than most other CDs with a similar maturity term. The minimum deposit requirement of $2,000 is also much less than what other CDs require.

  • Earn

    Earn 1.25% APY on a 12-month CD term

  • Fees

    Early withdrawal penalty of 90 days worth of interest

  • Benefits

    CD renews automatically under the same term duration with a 10-day grace period for withdrawal

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