Best CD Rates of April 2026
We researched and ranked the top certificate of deposit rates from banks and credit unions across the US so you can earn the most on your savings.
- •Best Overall:Marcus by Goldman Sachs
- •Best No-Penalty CD:Ally Bank
- •Best for Beginners:Discover Bank
- •Best Bump-Rate CD:Synchrony Bank
- •Best for Branch Access:Capital One 360
- •Best for Long Terms:CIT Bank
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Compare 6 Top Providers
| Provider | APY | Term | Min. Deposit | Early Withdrawal | Score | Rating |
|---|---|---|---|---|---|---|
Marcus by Goldman Sachs | 5.10% | 12 mo | $0 | 270 days | 4.8/5 | 4.8 |
Ally Bank | 4.90% | 3 mo – 5 yr | $0 | None | 4.6/5 | 4.6 |
Discover Bank | 4.70% | 3 mo – 10 yr | $2,500 | 6–18 mo | 4.4/5 | 4.4 |
Synchrony Bank | 4.85% | 12–60 mo | $0 | 90–365 days | 4.5/5 | 4.5 |
Capital One 360 | 4.10% | 6 mo – 5 yr | $0 | 3 mo interest | 4.3/5 | 4.3 |
CIT Bank | 4.65% | 6 mo – 5 yr | $1,000 | Varies | 4.5/5 | 4.5 |
Rates and fees are subject to change. Verified as of April 2026.
Marcus by Goldman Sachs: Best Overall, Best High-Yield CD 4.8
Fast Facts
Why We Chose It
Best Overall
Marcus by Goldman Sachs combines a highly competitive APY with zero minimum deposit and no monthly fees. If you want strong yield with minimal friction, this is our top pick.
Best High-Yield CD
Among the dozens of high-yield CDs we evaluated, Marcus offered the strongest combination of rate and flexibility. With no minimum deposit and no monthly fees, your full deposit earns from day one at one of the best nationally available APYs.
Pros & Cons
Pros
- Highly competitive APY
- No minimum deposit required
- No monthly maintenance fees
- FDIC insured up to $250,000
- Backed by Goldman Sachs — a 150-year-old institution
Cons
- No physical branch locations
- Early withdrawal penalty of 270 days interest
- No checking accounts or full banking suite
Overview
Marcus by Goldman Sachs launched in 2016 as the consumer banking arm of Goldman Sachs Group. The platform focuses on high-yield savings accounts, CDs, and personal loans, offering rates consistently above the national average. Marcus has no branch network, operating entirely online, which allows it to pass overhead savings directly to customers in the form of higher APYs.
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Ally Bank: Best No-Penalty CD, Best for Flexible Terms 4.6
Fast Facts
Why We Chose It
Best No-Penalty CD
Ally's no-penalty CD lets you withdraw your full balance — including accrued interest — after just six days without paying any penalty. This makes it ideal for savers who want competitive yields but need to keep their options open if rates rise or circumstances change.
Best for Flexible Terms
With CD terms ranging from 3 months to 5 years, Ally gives savers the most comprehensive term selection on this list. Whether you need short-term liquidity or want to lock in a rate for years, Ally has an option that fits.
Pros & Cons
Pros
- No-penalty CD available with no early withdrawal fee after 6 days
- Wide range of term options from 3 months to 5 years
- Competitive rates across all term lengths
- Well-rated mobile app
Cons
- Standard CD APY slightly below Marcus
- No physical branches
- No-penalty CD has a slightly lower rate than standard CD
Overview
Ally Bank is one of the largest online-only banks in the United States, with over $180 billion in assets. Originally General Motors Acceptance Corporation (GMAC), Ally rebranded and pivoted to consumer banking in 2009. The bank has earned consistent top ratings for customer satisfaction and offers a full suite of banking products including checking, savings, CDs, mortgages, and auto loans.
Discover Bank: Best for Beginners 4.4
Fast Facts
Why We Chose It
Best for Beginners
Discover is the most beginner-friendly CD on this list. The account opening process takes under five minutes, their 24/7 US-based customer service is genuinely helpful, and their website clearly explains how CDs work. For first-time CD investors, Discover removes every point of friction.
Pros & Cons
Pros
- Easy, fully online account opening in under 5 minutes
- 24/7 US-based customer service via phone and chat
- No monthly fees on any account
- Wide term selection from 3 months to 10 years
Cons
- APY not the highest nationally
- $2,500 minimum deposit is higher than competitors
- No no-penalty CD option
Overview
Discover Bank is the banking subsidiary of Discover Financial Services, a Fortune 500 company founded in 1985. Known primarily for its credit card business, Discover has built a strong online banking operation offering CDs, savings accounts, checking, and money market accounts. The bank has no physical branches but maintains one of the highest customer satisfaction ratings in the industry.
Synchrony Bank: Best Bump-Rate CD 4.5
Fast Facts
Why We Chose It
Best Bump-Rate CD
Synchrony's bump-rate CD is the only product on this list that lets you take advantage of rising rates mid-term. If the bank raises its published CD rate after you open your account, you can request a one-time rate increase to match the new rate — without any penalty or account changes.
Pros & Cons
Pros
- Bump-rate CD lets you increase your rate once per term at no cost
- Strong APY on longer-term CDs
- No minimum deposit required
- FDIC insured up to $250,000
Cons
- Bump-rate APY starts slightly lower than standard CDs
- No mobile banking app
- Limited product range beyond CDs and savings
Overview
Synchrony Bank is a consumer financial services company with over 80 years of experience, originally spun off from General Electric Capital in 2014. Synchrony specializes in high-yield savings products and credit cards, and its online banking platform offers some of the most competitive CD rates in the country. The bank holds over $82 billion in deposits.
Capital One 360: Best for Branch Access 4.3
Fast Facts
Why We Chose It
Best for Branch Access
Capital One 360 is the rare high-yield CD provider that also offers a nationwide network of physical branches and Capital One Cafés. For savers who want the convenience of in-person service alongside a competitive online rate, it's the strongest combination on this list.
Pros & Cons
Pros
- Nationwide branch and ATM network unlike most competitors here
- No minimum deposit required
- No monthly maintenance fees
- FDIC insured up to $250,000
Cons
- APY trails top online-only competitors like Marcus
- Early withdrawal penalty applies to all standard CD terms
- Branch locations concentrated in select metro areas
Overview
Capital One 360 is the online and retail banking arm of Capital One, one of the largest banks in the United States. Unlike purely digital competitors, it combines competitive online rates with a physical branch network and Capital One Café locations, making it a middle-ground option between online-only banks and traditional branch banking.
CIT Bank: Best for Long Terms 4.5
Fast Facts
Why We Chose It
Best for Long Terms
CIT Bank offers one of the widest CD term ranges we evaluated, from 6 months out to 5 years, with consistently competitive rates across the curve. Savers who want to ladder CDs across several maturities get more usable term options here than at most competitors.
Pros & Cons
Pros
- Wide term selection from 6 months to 5 years
- No-Penalty CD option available on the 11-month term
- Competitive APYs across both short and long terms
- FDIC insured up to $250,000
Cons
- $1,000 minimum deposit higher than several no-minimum competitors
- No physical branches
- Mobile app has fewer features than larger competitors
Overview
CIT Bank is the online banking division of First-Citizens Bank, one of the largest family-controlled banks in the US. CIT has built its reputation around high-yield savings and CD products with a broad range of terms, targeting savers who want to structure a CD ladder without moving money across multiple institutions.
How We Evaluated These CD Rates
We evaluated 40+ banks and credit unions, comparing APY rates, minimum deposit requirements, early withdrawal penalties, and FDIC/NCUA insurance coverage. Rates were verified directly from institution websites in April 2026.
Frequently Asked Questions
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