High-yield certificates of deposit (CDs) can help savers earn competitive interest rates while keeping funds secure for a fixed period. These accounts typically require customers to leave their money deposited for a set term in exchange for higher returns compared with many traditional savings accounts.
Best High-Yield CD Accounts
More than 400 data points were reviewed to identify the top CD options across 6-month, 1-year, 18-month, and 2-year terms. Accounts were evaluated based on factors including annual percentage yield (APY), minimum opening deposit, customer service, and other account features.
The following accounts offer some of the highest CD rates available, with several options earning 4% APY or more.
Bread Savings: 18-Month CD
- Minimum deposit: $1,500
- APY: 4.25%
Bread Savings offers an 18-month CD with a competitive 4.25% APY and daily compounding interest. The account requires a minimum opening deposit of $1,500.
Bread Savings: 2-Year CD
- Minimum deposit: $1,500
- APY: 4.25%
Bread Savings’ 2-year CD also earns a 4.25% APY with daily compounding interest. The minimum deposit requirement is $1,500.
Limelight Bank: 6-Month CD
- Minimum deposit: $1,000
- APY: 4.15%
Limelight Bank offers a 6-month CD with a 4.15% APY. A minimum opening deposit of $1,000 is required.
Bask Bank: 1-Year CD
- Minimum deposit: $1,000
- APY: 4.1%
Bask Bank’s 1-year CD provides a competitive 4.1% APY with a $1,000 minimum opening deposit.
Live Oak Bank: 1-Year CD
- Minimum deposit: $2,500
- APY: 4.1%
Live Oak Bank offers a 1-year CD with a 4.1% APY. While the account has one of the higher minimum deposits on the list at $2,500, it does not charge monthly fees. The bank does apply an early withdrawal penalty of 90 days’ simple interest.
Limelight Bank: 18-Month CD
- Minimum deposit: $1,000
- APY: 4.1%
Limelight Bank’s 18-month CD earns a 4.1% APY with a minimum opening deposit requirement of $1,000.
America First Credit Union: 2-Year CD
- Minimum deposit: $500
- APY: 4.1%
America First Credit Union offers a 2-year CD with a 4.1% APY, providing a competitive option for savers looking to lock in a longer-term rate. The account requires only a $500 minimum opening deposit.
TAB Bank: 18-Month CD
- Minimum deposit: $1,000
- APY: 4.05%
TAB Bank’s 18-month CD earns a 4.05% APY and requires a minimum opening deposit of $1,000.
Prime Alliance Bank: 2-Year CD
- Minimum deposit: $500
- APY: 4.05%
Prime Alliance Bank’s 2-year CD offers a 4.05% APY with a $500 minimum opening deposit. Interest is paid monthly.
