Bank Account Interest
Rates and APYs
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Consumer & Small Business Interest Rates
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What is Bank of America interest rate?
Bank of America interest rates
|Interest rate on balances||0.01%.|
|How it compares||The average national rate for savings accounts is 0.13% APY.|
|Monthly fees||$8, waived for the first six months.|
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Which bank gives 7% interest on savings account?
As a consequence, here are the seven DICGC insured savings accounts now giving the highest interest rate of 7% in the country….Jana Small Finance Bank.
|Savings Account Balance||Interest Rate Per Annum|
|More than 1 lakh and Upto 50 Lakhs||7.00%|
|More than 50 Lakhs and Upto 50 Crores||6.50%|
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What is Bank of America rate of return?
1-year: 0.03% APY. 3-year: 0.03% APY. 5-year: 0.03% APY.
What will interest rates be in 2022?
WASHINGTON ? The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning October 1, 2022. For individuals, the rate for overpayments and underpayments will be 6% per year, compounded daily, up from 5% for the quarter that began on July 1.
How much interest will I get on $1000 a year in a savings account?
How much interest can you earn on $1,000? If you’re able to put away a bigger chunk of money, you’ll earn more interest. Save $1,000 for a year at 0.01% APY, and you’ll end up with $1,000.10. If you put the same $1,000 in a high-yield savings account, you could earn about $5 after a year.
Account Interest Rates for Savings, Checking, CDs & IRAs
Account Interest Rates for Savings, Checking, CDs & IRAs Sign inLog inLocationsShow/Hide Menu related links Bank Account InterestRates and APYsplease wait while the page loadsConsumer & Small Business Interest RatesSelect View PDF to access checking, savings, CD and IRA account rates and APYs specific to your area.View PDF Consumer & Business Online Rates View PDF Consumer & Business Online RatesInformation for:ZIP code * Please select your countySelect a countyGoEnter your zip codePlease enter the zip code for your home address so we can give you accurate rate and fee information for your location.ZIP code * GoContact usSchedule an appointmentSchedule an appointmentCall usPhone number:800.432.1000
Mortgage Rates – Today's Rates from Bank of America
Mortgage Rates – Today’s Rates from Bank of AmericaSkip to main contentGet the right mortgage to finance your new homePlease wait a moment while we retrieve our low ratesfailureGet a call backfrom one of our lending specialistsBy submitting this form, you authorize Bank of America to contact you at the telephone number or email provided here, even if you’ve previously registered on a Do Not Call registry or requested that we not send you marketing information by email. You agree we may use an auto-dialer to reach you. You understand that you are not required to consent to receiving autodialed calls/texts as a condition of purchasing any Bank of America products or services. Any cellular/mobile telephone number you provide may incur charges from your mobile service provider.View current mortgage rates for fixed-rate and adjustable-rate mortgages and get custom ratesRates based on a $200,000 loan in ZIP code 95464Rates based on a $200,000 loan in ZIP code 95464RateThe rate of interest on a loan, expressed as a percentage.Annual percentage yield (APR)The annual cost of a loan to a borrower. Like an interest rate, an APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees (such as mortgage insurance, most closing costs, points and loan origination fees) to reflect the total cost of the loan.PointsAn amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).Monthly Payment (estimated)The estimated monthly payment includes principal, interest and any required mortgage insurance (for borrowers with less than a 20% down payment). The payment displayed does not include amounts for hazard insurance or property taxes which will result in a higher actual monthly payment. If you have an adjustable-rate loan, your monthly payment may change once every six months (after the initial period) based on any increase or decrease in the Secured Overnight Financing Rate (SOFR) index.Fixed-rate mortgageA home loan with an interest rate that remains the same for the entire term of the loan.Adjustable-rate mortgage (ARM)Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Treasury-Index (T-Bill) or the Secured Overnight Financing Rate (SOFR). Bank of America ARMs generally use SOFR as the basis for ARM interest rate adjustments.Your monthly payment may fluctuate as the result of any interest rate changes, and a lender may charge a lower interest rate for an initial portion of the loan term. Most ARMs have a rate cap that limits the amount of interest rate change allowed during both the adjustment period (the time between interest rate recalculations) and the life of the loan.We need additional informationIn order to provide you with the best possible rate estimate, we need some additional information. Please contact us in order to discuss the specifics of your mortgage needs with one of our home loan specialists.We offer a wide range of loan options beyond the scope of this calculator, which is designed to provide results for the most popular loan scenarios. If you have flexible options, try lowering your purchase price, changing your down payment amount or entering a different ZIP code. Learn more about 15‑year and 30‑year mortgage rates Show all answers Why is the interest rate for a 15‑year mortgage different than the rate for a 30‑year mortgage? A bank incurs lower costs and deals with fewer risk factors when issuing a 15‑year mortgage as opposed to a 30‑year mortgage. As a result, a 15‑year mortgage has a lower interest rate than a 30‑year mortgage.It’s worth noting, too, that your payback of the principal (the amount being borrowed, separate from the interest) is spread out over 15 years instead of 30 years, so your monthly mortgage payment will be significantly higher with a…
Bank of America Savings Account Rates – Bankrate.com
Bank of America Savings Account Rates | Bankrate GaudiLab/Shutterstock Jan. 26, 2022 / 1 min read Jan. 26, 2022 / 1 min read Bankrate Logo Why you can trust Bankrate Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy. Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money. Bankrate Logo Editorial Integrity Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Here is a list of our banking partners. Key Principles We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate Logo How We Make Money You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Bankrate Logo Insurance Disclosure Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Bank of America offers a number of savings…
Best Savings Accounts for September 2022 – Bankrate
Best Savings Accounts for September 2022 | Bankrate Great news for savers! Fed rate hikes mean higher APYs on Bankrate. Be sure to get a great return on your investment below. Savings ratesMoney MarketMoney Market IRA ON THIS PAGE Bankrate’s savings account guide Best online accounts and rates What is a savings account? How do savings accounts work? Savings account terminology What are the different types of savings accounts? How to find the best savings account Complements and alternatives to savings accounts Savings account FAQs Back to rates How to choose a savings account Savings accounts are a good option for achieving your money-saving goals. You’ll want to choose a savings account that offers a competitive annual percentage yield (APY) on your money. It can pay to choose one that either doesn’t have a monthly service fee or has a minimum balance requirement that you can meet to waive the fee. Here are some steps to follow as you look for the best place to stash your savings: Determine what the money will be used for. Figure out when you’ll need to access the funds. Money to purchase a car in the next year might be best kept in a savings account, for example. Shop around. You’ll want to research banks and credit unions and compare rates. Check to see if there are any minimum balance requirements or monthly maintenance fees that could negatively impact you down the line. Generally, rates are highest at online banks, but it’s possible for a brick-and-mortar bank or a credit union to offer competitive yields. Determine your risk tolerance. Money that needs to be safe and can’t be lost should usually be in a Federal Deposit Insurance Corp. (FDIC) account that’s within FDIC limits and guidelines Open the savings account and deposit the funds into your account. Consider setting up a split direct deposit to automatically add to your savings. Bankrate’s experience on financial advice and reporting At Bankrate, we regularly survey approximately 4,800 banks and credit unions in all 50 states to provide you with one of the most comprehensive comparisons of interest rates. All of the savings accounts below are insured by the FDIC at banks or the NCUA at credit unions. When selecting the best savings account for you, look for the highest yield while also considering introductory rates, minimum balances and accessibility. We strive to help you make smarter financial decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. The top banks listed below are based on factors such as APY, minimum balance requirements and broad availability. Best online savings accounts and rates of September 2022 Here are Bankrate’s selections for the best widely available savings account rates from top online banks: Note: Annual percentage yields (APYs) shown are as of Aug. 31, 2022. Bankrate’s editorial team updates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings. Best Overall Rate: Bread Savings (formerly Comenity Direct) – 2.15% APY, $100 minimum to open account (no ATM access) Overview Bread Savings (previously known as Comenity Direct) is FDIC insured through Comenity Capital Bank. The Bread Savings high-yield savings account offers a competitive yield, requires just $100 to open and has no monthly service fee. Loan $100 minimum opening deposit High Rate: CIT Bank – 2.10% APY, no minimum balance needed for APY Overview CIT Bank, an online-only bank, is now a division of First Citizens Bank, following the completion of a merger in January 2022. CIT Bank’s Savings Connect account earns the online bank’s highest yield. It also has a Savings Builder account, a checking account, a money market account and CDs. Loan $100 minimum opening deposit High Rate: Citizens – 2.10% APY, $5,000 minimum balance to earn APY (no ATM access) Overview Citizens is the online bank division of Citizens Bank. It offers…
Bank of America Savings Account Rates for September 2022
Bank of America Savings Account Rates for September 2022 Savings account interest rates are finally rising for the first time in years, making them a solid option for safely growing your money. Why are rates rising? The Federal Reserve is hiking interest rates to try to cool runaway inflation, which is indirectly driving up interest rates on financial accounts like credit cards, loans and mortgages, as well as savings accounts.Some banks are now offering annual percentage yields as high as 2%, making it a more attractive time to park your money in a savings account. (APY is the compounding interest rate you earn on your savings.) The higher the APY, the more you’ll earn in interest over time. Though APYs have been low for the last couple of years, many banks are boosting their APYs. But other large banks haven’t moved an inch… yet. Bank of America continues to offer relatively low APYs, even if you have tens of thousands of dollars in a savings account. However, if getting a higher interest rate is not as important as having nationwide access to physical branches or bringing all your finances under one roof, Bank of America might make sense for you.Read on for more information about Bank of America’s savings account, what APY you can earn and how it compares to other banks.Bank of America savings account optionsBank of America has just one savings account: Advantage Savings. The base APY is 0.01%, but if you’re eligible and enroll for the Preferred Rewards program, you can earn up to 0.04%.The Preferred Rewards tiers are: Advantage Savings Gold tier, Advantage Savings Platinum tier and Advantage Savings Platinum Honors tier. The only difference among them is the amount of APY you can earn. Bank of America savings account options, compared Account name APY Minimum deposit to open the account Monthly service fee* Balance required Advantage Savings 0.01% $100 $8 $0 Advantage Savings, Gold 0.02% $100 $0 $20,000 to $50,000** Advantage Savings, Platinum Tier 0.03% $100 $0 $50,000 to $100,000** Advantage Savings, Platinum Honors 0.04% $100 $0 $100,000 to $1 million** *Fees are waivable.**Three-month combined average daily balance in Bank of America deposit accounts and/or Merrill investment accounts.Note: Rates as of Aug. 31, 2022. APYs vary by region, and Bank of America’s savings account may not be available everywhere. You’ll need to check your ZIP code on Bank of America’s website to see your options.Bank of America Advantage SavingsAdvantage Savings is Bank of America’s standard savings account. You earn 0.01% APY (well below the national average APY for savings accounts) and interest compounding monthly. You can open this account with an initial deposit of $100. You’ll be charged an $8 monthly maintenance fee, unless you meet one of Bank of America’s listed criteria, such as maintaining a minimum balance of $500 or linking to Bank of America Advantage Relationship Banking®.For any new account opened, though, Bank of America will waive the fee for the first six months. Preferred Rewards Bank of America Advantage SavingsIf you maintain a higher balance, you may be eligible for Preferred Rewards membership, which can earn a higher APY on the money in your Advantage Savings account.To get approved for a higher APY account, you’ll need a Bank of America checking account and a a three-month combined daily average in any of your your Bank of America deposit accounts (i.e., checking and savings) and/or a Merrill investment account. Here’s how much APY you can earn and money you’ll need for each of the upper-tier accounts:Gold: 0.02% APY; $20,000 to $50,0000Platinum: 0.03% APY; $50,000 to $100,000Platinum Honors: 0.04% APY; $100,000 to $1 millionAs a Preferred Rewards client, you don’t have to pay the $8 monthly fee. Enrolling in the Preferred Rewards higher tiers isn’t automatic. Once you reach $20,000 in assets, Erica, Bank of America’s AI-driven financial assistant, will nudge you to enroll in the Preferred Rewards program to get the benefits. Once you enroll, you’ll be automatically bumped into the higher tiers as your assets reach the additional thresholds, according to a Bank of America spokesperson.If you’ve got a lot of assets stored at Bank of America and/or Merrill investment accounts, Advantage Savings might…
Bank of America Interest Rates: How To Get the Best Rates
Bank of America Interest Rates: How To Get the Best Rates Jonathan Weiss / Shutterstock.com If you’re looking to set aside funds for a rainy day, Bank of America offers several savings account options. However, due to Bank of America’s size, its savings accounts tend to offer high fees and relatively low interest rates compared to the national average. It’s important to note that Bank of America offers different interest rates depending on customer location, so its rates may vary. To get a better interest rate on your savings accounts, you should compare the different offerings from Bank of America — and try to avoid any fees that might negate your savings. Bank of America Savings Account Rates Bank of America offers three types of savings accounts: Advantage Savings, Minor Savings and Custodial (UTMA) Savings. Here’s a look at the annual percentage yields and minimum opening deposit amounts for each of Bank of America’s savings accounts: Account APY Minimum Opening Deposit Bank of America Advantage Savings 0.01% $100 Minor Savings Account 0.01% $25 Custodial (UTMA) Savings Account 0.01% $100 How Rates at Bank of America and Other Banks Compare While Bank of America’s savings rates tend to be fairly low, so do the rates at other national banks. However, online banks commonly offer much higher rates than their brick-and-mortar counterparts. To get an idea, take a look at this table that compares the interest rates for savings accounts and one-year CD accounts at both national and online banks: Bank Savings Account APY 12-month CD Account APY Bank of America 0.01% 0.03% for all balance tiers Chase 0.01% 0.02% for balances under $10,000, then 0.05% Wells Fargo 0.01% 0.01%-0.02% Ally Bank 2.00% 2.70% Vio Bank 0.75% 2.25% Marcus by Goldman Sachs 0% 0% The rates on savings accounts for Bank of America, Chase and Wells Fargo are identical at 0.01% APY, and they’re nowhere near the rates online banks like Ally and Vio offer at 2.00% APY or better. And while Bank of America dominates in the 12-month CD category among national banks, with a 0.03% APY, the rate is still considered low relative to the top interest rates offered by online banks. How To Make the Most of Your Savings at Bank of America Because its savings rate is 0.01% APY, it’s important to avoid Bank of America’s monthly fees, which can potentially cancel out any interest you may earn. The Minor Savings account does not have a monthly maintenance fee, but both the Advantage Savings and Custodial (UTMA) Savings accounts carry an $8 monthly maintenance fee. As long as you carry a $500 balance each month in either account, however, Bank of America will waive the fee. Customers can also qualify for Preferred Rewards, which provides interest-rate boosters: Preferred Rewards Tier APY Gold 0.05% Platinum 0.10% Platinum Honors 0.20% The booster increases Bank of America’s standard rate by at least 5%, 10% or 20% as you enter each respective Preferred Rewards tier, which can help you make the most of your savings balance. Alexandria Bova contributed to the reporting for this article. This content is not provided by Bank of America. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Bank of America. Rates are subject to change; unless otherwise noted, rates…
Bank of America Savings Account Interest Rates – NerdWallet
Bank of America Savings Account Interest Rates: How They Compare – NerdWalletWhile Bank of America earns 3.5 stars overall in NerdWallet’s Bank of America review, its Advantage Savings account earns 3.0 stars, partly because of its low 0.01% annual percentage yield, or APY. There are slightly better rates available, however, for customers enrolled in the bank’s Preferred Rewards program.Bank of America’s rates are similar to those at other large banks, but are much lower than what many online institutions offer. (The best savings APYs are around 1% and higher.)Bank of America interest ratesInterest rate on balances0.01%.How it comparesThe average national rate for savings accounts is 0.13% APY.Monthly fees$8, waived for the first six months.How to avoid monthly feesMaintain minimum daily balance of at least $500, orLink to a qualifying checking account, orEnroll in the Preferred Rewards Program. (To enroll, you’ll need to have qualifying accounts with a three-month combined average daily balance of at least $20,000. Other perks include loan discounts and no-fee ATM transactions.) Or,No fee if the account owner is under age 18.Minimum opening deposit$100.Interest on balances for premium savings accountsUp to 0.04% APY for customers enrolled in Preferred Rewards. (APYs may vary depending on where you live.)How Bank of America compares to online banksLarge national banks tend to have savings accounts with low interest rates, in part because the institutions spend a lot of money on physical bank branches. You can find higher rates at online banks. They tend to have savings accounts with high yields, often with no monthly fees or minimum balance requirements.Bank of America CDs and other savings optionsBank of America has other savings options, but they don’t earn much interest, either. You can open a standard Bank of America CD with a $1,000 minimum. CD terms range from 28 days to ten years. Rates may vary based on term length and deposit amount. They start at 0.03% APY and don’t increase much from there.Find out how much interest you could be earning with the calculator below. The higher the rate, the faster your money can grow.SoFi Checking and SavingsUFB Rewards SavingsCitizens Online Savings AccountMin. balance for APY$5,000CIT Bank Savings ConnectLendingClub High-Yield Savings
Compare Bank Of America CD Rates With 427 Banks
Compare Bank Of America CD Rates With 427 Banks (September 2022) When finding the best interest rate, Bank of America CD rates are often a top contender. However, is this the case? This guide will look at Bank of America’s CD rates and compare them to other top banks to see who offers the best interest rate.Earn The Highest Interest Rates On Savings TodayFixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.TermInsurance CompanyInterest Rate12 MonthsSaveBetter2.85%14 MonthsSallie Mae (No-Penalty)2.70%24 MonthsOceanview3.50%36 MonthsCanvas Annuity4.60%48 MonthsOceanview4.25%60 MonthsCanvas Annuity4.60%72 MonthsAthene4.60%*Fixed annuities are only for saving money to use in retirement.Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this article.Compare Fixed Annuity RatesFind the highest interest rates for your savings ranging from 2 to 10 years.Compare CD Rates From 423 Banks And Credit UnionsFind the highest interest rates for your savings ranging from 3 months to 5 years.Popular CD Rates Today3 Month CD RatesThe following banks and credit unions have the highest CD rates for 3 months.Best 3-Month CD RatesRateTermMinimumSynchrony Bank1.50% APY3 Months$0.00Popular Direct1.50% APY3 Months$10,000.00Luana Savings Bank1.92% APY3 Months$1,000.00TIAA Bank0.90% APY3 Months$1,000.00TotalDirect Bank2.00% APY3 Months$25,000.00Bethpage Federal Credit Union1.75% APY3 Months$50.00Merrick Bank2.15% APY3 Months$25,000.006 Month CD RatesBest 6-Month CD RatesRateTermMinimumCommunityWide FCU3.00% APY6 Months$1.000.00Quontic Bank1.70% APY6 Months$500.00PenFed Credit Union1.20% APY6 Months$1,000.00NASA Federal Credit Union3.55% APY9 Months$1,000.00Synchrony Bank2.00% APY6 Months$0.01Live Oak Bank2.50% APY6 Months$2,500.00First Internet Bank of Indiana2.02% APY6 Months$1,000.00Capital One1.65% APY6 Months$5,000.00Popular Direct2.35% APY6 Months$10,000.001 Year CD RatesThe following banks and credit unions have the highest CD rates for 12 months.Best 12-Month CD RatesRateTermMinimumCommunityWide FCU3.00% APY12 Months$1,000.00Bread Savings3.00% APY12 Months$1,500.00First National Bank of America2.90% APY12 Months$1,000.00PenFed Credit Union2.30% APY12 Months$1,000.00Marcus by Goldman Sachs2.70% APY12 Months$500.00Limelight Bank2.90% APY12 Months$1,000.00Popular Direct3.00% APY12 Months$10,000.00Synchrony Bank2.75% APY12 Months$0.00Alliant Credit Union2.75% APY12 Months$1,000.00Connexus Credit Union3.21% APY12 Months$5,000.00Lafayette Federal Credit Union3.14% APY12 Months$500.00Rising Bank3.10% APY12 Months$1,000.002 Year CD RatesThe following banks and credit unions have the highest CD rates for 24 months.Best 2-Year CD RatesRateTermMinimumBread Savings3.50% APY24 Months$1,500.00Synchrony Bank3.00% APY24 Months$0.01.00First National Bank of America3.05% APY24 Months$1,000.00Pentagon Federal Credit Union3.00% APY24 Months$1,000.00La Capitol Federal Credit Union2.38% APY24 Months$1,000.00Marcus by Goldman Sachs3.00% APY24 Months$500.00Connexus Credit Union3.41% APY24 Months$5,000.003 Year CD RatesThe following banks and credit unions have the highest CD rates for 3 years.Best 3-Year CD RatesRateTermMinimumQuontic Bank3.00% APY36 Months$500.00Bread Savings3.55% APY36 Months$1,500.00Pentagon Federal Credit Union3.25% APY36 Months$1,000.00Synchrony Bank3.10% APY36 Months$0.01%First National Bank of America3.15% APY36 Months$1,000.00Marcus by Goldman Sachs3.10% APY36 Months$500.00Limelight Bank3.30% APY36 Months$1,000.00Alliant Credit Union3.10% APY36 Months$1,000.00My eBanc3.51% APY36 Months$5.000.00Connexus Credit Union3.4\6% APY36 Months$5,000.004 Year CD RatesThe following banks and credit unions have the highest CD rates for 4 years.Best 4-Year CD RatesRateTermMinimumBread Savings3.60% APY48 Months$1,500.00NASA Federal Credit Union2.45% APY48 Months$1,000.00PenFed Credit Union2.80% APY48 Months$1,000.00Synchrony Bank3.10% APY48 Months$0.01First National Bank of America3.25% APY48 Months$1,000.00EFCU Financial3.50% APY48 Months$500.00Marcus by Goldman Sachs3.15% APY48 Months$500.005 Year CD RatesThe following banks and credit unions have the highest CD rates for 5 years.Best 5-Year CD RatesRateTermMinimumBread Savings3.65% APY60 Months$1,500.00Popular Direct3.40% APY60 Months$10,000.00Synchrony Bank3.50% APY60 Months$0.00PenFed Credit Union3.20% APY60 Months$1,000.00Connexus Credit Union3.01% APY60 Months$5,000.00First National Bank of America3.30% APY60 Months$1,000.00Marcus by Goldman Sachs3.25% APY60 Months$500.00EFCU Financial3.75% APY60 Months$500.00Alliant Credit Union3.25% APY60 Months$1,000.00Lafayette Federal Credit Union3.64% APY60 Months$500.00Next StepsIn conclusion, these CD rates are an excellent option for those looking for a good interest rate. However, comparing the different rates other banks offer is essential to finding the best option for you. Contact us today for a quote, and we would be happy to help!Request A QuoteGet help from a licensed financial professional. This service is free of charge. Related Posts Shawn PlummerCEO, The Annuity ExpertI’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar,…