Popular Banks for CD Rates
The following table lists popular financial institutions offering competitive CD rates. Whether you’re looking for high APYs, customer service, or specific term lengths, these banks and credit unions provide reliable options.
Why You’re Here
You’re searching for the best Certificate of Deposit (CD) rates—but not just any CD. You want the highest yield, the most trusted providers, and to know if there’s a better alternative. That’s where we come in. At The Annuity Expert, we’re not just comparing bank and credit union CDs—we include fixed annuities from 50+ top-rated insurance companies, which often pay more than traditional CDs.
Scenario: You’re Tired of Low CD Rates and Want Better Returns Without Market Risk
You’ve likely found that traditional CDs from banks and credit unions often fall short of your income or savings goals—especially after taxes and inflation. As independent brokers, we compare all major CD options, plus alternatives like fixed annuities, that can pay 1% to 3% more, all while remaining principal-protected and backed by highly rated institutions.
What We Help You Compare
✔ Bank and Credit Union CD Rates
We pull the most searched CD rates nationwide—from 1 to 5 years—from large national banks to local credit unions.
✔ FDIC or NCUA insured
✔ Monthly or end-of-term interest payout options
✔ Available online or through local branches
✘ May offer lower yields compared to annuity alternatives
✔ Multi-Year Guaranteed Annuities (MYGAs)
These are the insurance industry’s version of CDs, often offering higher rates for the same term lengths.
✔ Guaranteed principal and fixed interest
✔ Pays more than most bank CDs
✔ Tax-deferred growth (unless in a non-qualified account)
✔ Can be funded with nonqualified money, IRAs, 401(k) rollovers, and Roth IRAs
✘ Not FDIC insured (instead backed by legal reserves and state guaranty associations)
✔ Brokered CDs
We include brokered CD options sold through investment firms.
✔ Higher rate offers than brick-and-mortar banks
✔ FDIC insured up to limits
✘ Less flexibility—may require selling on the secondary market for early withdrawals
✘ Not all brokers disclose fees upfront
Who Needs This Comparison
✔ Savers Who Want:
- Higher fixed returns without stock market risk
- A guaranteed rate for a set number of years
- Options to invest with non-retirement or retirement money
- The ability to shop rates from banks and insurers
✔ Retirees or Near-Retirees Who:
- Want predictable income and safety
- Are looking to ladder multiple CDs or annuities for future access
- Need to defer taxes by using IRA or 401(k) funds in a fixed annuity
✘ Who Doesn’t Need This:
- Investors looking for growth through stocks or mutual funds
- People who want daily liquidity or frequent access to their money
- Anyone willing to accept market risk in exchange for potentially higher returns
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