4.05% APY
12 months
N/A
$10,000
Popular Direct stands out as the top choice because it offers competitive rates with a straightforward application process. Its high APY for a 12-month term makes it an attractive option for savers looking to maximize their returns.
Pros:
- High APY
- Simple application process
Cons:
- High minimum deposit
- Limited promotional offers
4.00% APY
12 months
N/A
$500
What sets Marcus by Goldman Sachs apart is its 10-Day CD Rate Guarantee, ensuring that customers can secure the best rates available within a short timeframe. This feature, combined with flexible terms, makes it a strong contender for those looking to invest.
Pros:
- Flexible terms
- 10-Day CD Rate Guarantee
Cons:
- Lower rates for longer terms
- Minimum deposit required
4.00% APY
12 months
N/A
$2,500
The standout feature here is Newtek Bank's competitive rates, which appeal to online savers seeking strong returns without monthly fees. However, the higher minimum deposit requirement may deter some potential customers.
Pros:
- Competitive rates
- No monthly fees
Cons:
- Higher minimum deposit
- Limited term options
4.10% APY
12 months
N/A
$2,500
Live Oak Bank shines for its high APY and a variety of term options, making it a solid choice for those looking to grow their savings. However, the minimum deposit requirement may be a barrier for some savers.
Pros:
- High APY
- Variety of terms
Cons:
- High minimum deposit
- Limited promotional offers
3.90% APY
12 months
N/A
$1,000
TAB Bank offers competitive rates with a relatively low minimum deposit, making it accessible for many savers. However, the limited term options may not suit everyone’s investment strategy.
Pros:
- Competitive rates
- Low minimum deposit
Cons:
- Limited term options
- Potential fees for early withdrawal
Final Words
In conclusion, May 2026 presents competitive CD rates from top providers like Popular Direct, Marcus by Goldman Sachs, Ally Bank, Synchrony Bank, and Capital One. As you consider your options, remember to compare rates and terms to find the best fit for your financial goals, ensuring you make the most of your savings.
Frequently Asked Questions
The best CD rate available in the US as of May 2026 is offered by Popular Direct with an APY of 4.05% for a 12-month term.
The Popular Direct CD offers a 4.05% APY for a term of 12 months with a minimum deposit of $10,000.
Marcus by Goldman Sachs offers a high-yield CD with an APY of 4.00% for a 12-month term and a minimum deposit of $500.
The Newtek Bank CD requires a minimum deposit of $2,500 and offers an APY of 4.00% for a 12-month term.
Certificates of Deposit (CDs) are time deposits offered by banks and credit unions that pay a fixed interest rate over a specified term. When you invest in a CD, you agree to leave your money in the account for a set period, during which you typically cannot withdraw funds without incurring a penalty.
Yes, most CDs impose penalties for early withdrawal, which can vary by institution and the terms of the CD. Typically, the penalty could be a portion of the interest earned or a certain number of months' interest.
CD interest rates are determined by various factors including current market conditions, the term length of the CD, and the policies of the financial institution offering the CD.
Before choosing a CD provider, consider factors such as the APY offered, minimum deposit requirements, term length, penalties for early withdrawal, and the financial institution's reputation.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| Bread Savings | 4.75% APY | 5 years | $1,500 | Learn more |
| America First Federal Credit Union | 4.10% APY | 5 years | $500 | Learn more |
| Vibrant Credit Union | 4.10% APY | 6 months | $5 | Learn more |
| CommunityWide Federal Credit Union | 4.10% APY | 6 months | $1,000 | Learn more |
| Popular Direct | 4.10% APY | 6 months | $10,000 | Learn more |
| Newtek Bank | 4.10% APY | 6 months | $2,500 | Learn more |
| Live Oak Bank Personal | 4.10% APY | 12 months | $2,500 | Learn more |
| Limelight Bank | 4.03% APY | 1 year | $1,000 | Learn more |
| Marcus by Goldman Sachs | 4.00% APY | 1 year | $500 | Learn more |
| Sallie Mae | 4.00% APY | 5 years | $2,500 | Learn more |
| Marcus by Goldman Sachs High-Yield | 4.00% APY | 12 months | $500 | Learn more |
| TAB Bank | 3.90% APY | 12 months | $1,000 | Learn more |
| My Banking Direct | 3.80% APY | 6 months | $2,500 | Learn more |
| Synchrony Bank | 3.75% APY | 5 years | $0 | Learn more |
| BMO Alto | 3.60% APY | 5 years | $0 | Learn more |
| LendingClub | 3.50% APY | 1 year | $500 | Learn more |
