Top 10 Banks with the Best Certificate of Deposit Rates in 2021
Discover the leading banks offering the best Certificate of Deposit (CD) rates in 2021. This guide highlights top institutions with competitive yields, flexible terms, and minimal fees, ideal for saving enthusiasts looking to maximize returns on fixed deposits. From online banks like Ally and Marcus to credit unions such as Connexus, find the best options to suit your savings goals with reliable, high-interest CD offerings.
Top 10 Banks Offering the Most Competitive CD Rates in 2021
Beyond traditional savings accounts, Certificates of Deposit (CDs) are a popular way to grow your savings with fixed interest over a designated period. These deposits are locked in for a specific term and are typically non-withdrawable before maturity. Leading financial institutions are offering attractive CD rates this year. Here are the top 10 banks providing the best rates for 2021.
Discover
Offering flexible terms with no hidden fees, the Discover High Yield CD is ideal for investors seeking short-term or long-term options with competitive rates.
Ally
Known for its user-friendly mobile app and high yields, Ally Bank requires a low minimum deposit, making it a popular choice among savers.
Consider this as a strong contender.
Quontic Bank
Offering CD terms from six months up to five years, Quontic Bank provides a seamless online experience with its quick, intuitive mobile platform.
Marcus by Goldman Sachs
Marcus stands out with a 10-day rate security guarantee. If rates increase within ten days after opening, Marcus automatically updates your rate accordingly.
Sallie Mae Bank
Providing attractive rates along with a broad selection, Sallie Mae Bank's CDs are suitable for building a ladder of high-yield investments.
Tiaa Bank Basic
This online CD offers benefits such as zero monthly fees, multiple term options, and impressive APYs.
Tab Bank
For those constructing a CD-focused portfolio, Tab Bank offers eight different terms with yields between 0.50% and 0.85%.
In addition to if you're opening a single CD, competitive rates are guaranteed with a minimum deposit of $1,000.
Synchrony Bank CD
Synchrony offers flexible terms like three-month and 15-month options and delivers strong yields.
Comenity Direct CD
While there is a monthly fee, Comenity Direct provides flexible term options and competitive rates.
Connexus Credit Union CD
Ideal for long-term investing, Connexus Credit Union offers some of the highest yields on 4- to 5-year share Certificates, with membership required to obtain a share certificate.
