Comparing Online CD Options for Your Savings.
Online CDs from banks and credit unions offer a secure way to grow your savings with fixed interest rates over a set term. Terms vary by CD, ranging from short 3-month options to 5-year terms, allowing you to choose based on your financial goals and liquidity needs. Due to reduced overhead costs, online CDs often offer higher interest rates.
The following table displays the best interest rates from 454 banks and credit unions. Sort by rate or filter by term.
Our Favorite Certificates Of Deposit
As of November 2026, we recommend any of the banks and credit unions at Raisin because most of the accounts on their platform only require $1 to open an account, which allows you to spread your risk among several financial institutions rather than having all your eggs in one basket.
Why Compare CD Rates?
Rates vary widely between banks and credit unions, making comparison essential to ensure you secure the best possible growth on your savings. At The Annuity Expert, we strive to secure the highest interest rates, offering options from both traditional and online institutions. Comparing rates is worthwhile for anyone looking to maximize returns safely, and can be done online before making a purchase.
Why Use a Broker to Compare Online CD Rates?
Most people waste time hopping from bank to bank searching for the best CD rates. We do the work for you. As a national broker, The Annuity Expert compares dozens of online CDs to ensure you get the best possible return without the hassle. Whether you’re looking for a short-term option or want to lock in a high yield for several years, we give you access to the top offers available today.
What We Do for You
✅ Compare CD Rates From Online Banks and Credit Unions
We work with FDIC– and NCUA-insured institutions that offer competitive CD rates that often outperform those of brick-and-mortar banks.
✅ Filter by Term, Rate, and Early Withdrawal Penalty
Want a 6-month CD with no fees? A 5-year CD with the highest APY? We’ll instantly match you with the most suitable option.
✅ Find the Best Rate Based on Your Deposit Amount
Some CDs reward larger deposits. We’ll show you where your money earns more—whether you’re investing $1,000 or $250,000.
✅ Uncover Hidden Gems
Many of the highest-yielding CDs are only available through brokers like us, not direct to consumers.
✅ Avoid Common Pitfalls
We’ll help you sidestep online CDs with bad terms, low renewal rates, or steep penalties.
What Makes Online CDs Unique?
- Higher Rates: Online banks have lower overhead costs, so they often pay higher rates.
- Convenience: Set up and manage your CD from your laptop or phone.
- Wider Selection: Brokers like us access offers from dozens of institutions, not just one.
- FDIC/NCUA Insurance: Your deposit is insured up to $250,000 per institution, per account type.
Pros and Cons of Online CDs
✔ Pros
- Higher yields than local banks
- Easy account setup and management
- Flexible terms from 1 month to 10 years
- Often no monthly maintenance fees
✘ Cons
- Limited customer service compared to physical banks
- Some require a new account at an unfamiliar institution
- Early withdrawal penalties still apply
Who Needs Online CDs and Why
Ideal For:
- Savers seeking better interest than a savings or money market account
- Retirees looking for predictable, low-risk returns
- Investors building a CD ladder for steady income
- High-net-worth individuals who want FDIC/NCUA protection spread across multiple institutions
Not Ideal For:
- Anyone needing instant liquidity (CDs charge penalties for early withdrawals)
- People who prefer walking into a branch for service
- Investors seeking growth above inflation (CDs don’t beat long-term stock or annuity returns)
Consider Alternatives: CD Annuities
Consider a CD annuity if you’re 60 or saving for retirement. Unlike CDs, annuities can offer higher interest rates and added liquidity, which might better support retirement goals. Speak to our advisors about comparing traditional CDs with CD annuities, where brokers can help assess the most rewarding options for your needs. Shopping for CDs or annuities is simple with The Annuity Expert, which ensures there is no obligation to commit before choosing the best savings path.
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