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 5-Year CD

Melrose Credit Union 5-Year CD

A+ MyBankTracker Rating

Lenient membership policy. Competitive interest rates.

Best Feature: One of the best 5-year CD rates.

The stellar 5-year CD rate (2.32% APY) from Melrose Credit Union is tough to ignore. With $100,000, which is the typical minimum for a jumbo CD, your savings can grow very quickly. Just note that there is a $5,000 minimum deposit. Unlike most credit unions, Melrose Credit Union offers membership to anyone who makes a small donation (only $1).

  • 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

2. Best High-Rate Mid-Term CD

EverBank 3-Year Yield Pledge CD

B+ MyBankTracker Rating

Strong interest rate for savings goals in the next 3 years.

Best Feature: High mid-term CD rate.

EverBank gets an award for offering the best mid-term CD rate (1.71% APY) for large deposits. It isn’t classified as a jumbo CD but the rate is much better than what you’ll find with so-called “jumbo CDs.” There is a $5,000 minimum deposit requirement, which shouldn’t be a problem for people who want to save $100,000 or more.

  • Earn

    Earn 1.71% APY on a 3-year CD term

  • Fees

    Early withdrawal penalty of 25% of the interest that would be earned on the full CD term

  • Benefits

    CD renews automatically under the same term duration

3. Best High-Rate Short-Term CD

Popular Direct 1-Year CD

B+ MyBankTracker Rating

From an online bank with some of the most competitive savings and CD rates.

Best Feature: Great short-term CD rate for high balances.

Popular Direct is an online division of Popular Community Bank and it offers some very attractive APYs on all of its savings and CD accounts. With a minimum balance of $10,000, you’ll earn one of highest 3-year CD rates that are available nationwide. This rate is higher than most 3-year jumbo CD rates, which makes it the better choice for major savings.

  • Earn

    Earn a 1.35% APY on balances of $10,000 or more

  • Fees

    Early withdrawal penalty of 270 days worth of interest

  • Benefits

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

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