Marcos Cabello is a banking writer at Bankrate, where he’s dedicated to helping readers make the best decisions about their finances. Currently, Marcos writes about consumer banking, reviewing deposit products like certificates of deposit, savings, checking and money market accounts. Previously, Marcos wrote about money for CNET and NextAdvisor, running the gamut of personal finance topics including U.S. economic policy and cryptocurrency.
If you don’t find Marcos behind his computer screen, you’ll probably find him behind another screen, playing the newest Nintendo Switch title, streaming the latest TV show, reading a book on his Kindle or doing some creative writing.
Bank of America offers two kinds of CD account types: featured CDs and fixed term CDs. Featured CDs offer a higher APY, but require a higher balance. Fixed term CDs offer lower APYs but have a lower minimum deposit requirement.
Amex offers a variety of terms for its CDs; however, savers can find more competitive rates elsewhere.
Ally Bank offers three flavors of CDs: traditional CDs, no-penalty CDs, and raise your rate CDs. Here's what these CDs pay savers.
Synchrony offers a wide range of CD terms with high yields, making it a good choice for savers looking to build a CD ladder.
Marcus by Goldman Sachs offers CDs across numerous terms — from six months to six years with just $500 being needed to open an account.
Citizens Bank only offers one option for a CD on its website. The annual percentage yield (APY) is fairly competitive, but you’ll find much higher yields at the top online banks.
TD Bank offers tiered interest rates; however, you can find higher yields elsewhere.
PNC Bank offers a variety of CD terms. While you can earn higher rates for a higher balance, you can still find higher yields elsewhere.
