Advertiser Disclosure

10 Best CD Rates for July 2019

June 24, 2019
Banking, CDs
At, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Top CD interest rates
Marcus by Goldman Sachs

Goldman Sachs Bank USA

at Goldman Sachs Bank USA,

Member, FDIC

4.0 rating

• 1-year: 2.60% APY
• 3-year: 2.70% APY
• 5-year: 2.90% APY
• $500 minimum deposit
• Terms: Six months to six years; other details

Connexus Credit Union

4.5 rating

• 1-year: 2.75% APY
• 3-year: 3.10% APY
• 5-year: 3.35% APY
• $5,000 minimum deposit
• Terms: One year to five years; other details


3.5 rating

• 1-year: 2.65% APY
• 3-year: 2.68% APY
• 5-year: 2.75% APY
• $5,000 minimum deposit
• Terms: Three months to five years; other details

Alliant Credit Union

4.5 rating

• 1-year: 2.55% APY
• 3-year: 2.70% APY
• 5-year: 2.85% APY
• $1,000 minimum deposit
• Terms: One year to five years; other details


3.0 rating

• 1-year: 2.75% APY
• 3-year: 2.90% APY
• 5-year: 3.00% APY
• $10,000 minimum deposit
• Terms: Six months to five years; other details

Citizens Access

4.0 rating

• 1-year: 2.70% APY
• 3-year: 2.70% APY
• 5-year: 2.80% APY
• $5,000 minimum deposit
• Terms: Six months to five years; other details

Synchrony Bank

4.0 rating

• 1-year: 2.60% APY
• 3-year: 2.70% APY
• 5-year: 2.90% APY
• $2,000 minimum deposit
• Terms: Three months to five years; other details



4.0 rating

• 1-year: 2.50% APY
• 3-year: 2.60% APY
• 5-year: 2.85% APY
• No minimum deposit
• Terms: Three months to five years; other details

Sallie Mae

4.0 rating

• 1-year: 2.75% APY
• 3-year: 2.75% APY
• 5-year: 2.60% APY
• $2,500 minimum deposit
• Terms: Six months to five years; other details

The best CD rates are generally at online banks and credit unions. If you don’t need immediate access to some of your money, high-yield CDs can be a great way to build your savings.

» Curious about other savings options? Check out’s best high-yield online savings accounts

The following banks offer some of the highest CD rates available in July. With rates on the rise, a six-month or one-year CD might be a better option than a long-term CD; you’ll be able to access your cash in months and potentially reinvest at higher rates. (See the best six-month rates or the best one-year rates.) If you’re looking for an even shorter term, see some of the best three-month rates. Although CDs with five-year terms offer greater yields, you’ll need to keep your money locked away longer. (If that’s appealing, check out more five-year CDs. And if you’re in the middle, consider three-year CD rates.)

Here’s a closer look at some of the best CD rates on the market. Keep in mind that the average annual percentage yield (APY) on one-year CDs is 0.64%. (Or skip ahead to CD alternatives.)

Compare CD rates for July 2019

Marcus by Goldman Sachs, 0.60%–2.95% APY

Terms: 6 months to 6 years
Minimum deposit: $500

Goldman Sachs Bank USA

at Goldman Sachs Bank USA,

Member, FDIC

Marcus, the Goldman Sachs branch that handles banking products, has a one-year CD that earns 2.60% APY. And the bank pays 2.90% APY on its five-year CD. Its savings account has a similarly impressive rate. The bank does not, however, offer ATMs, branches or checking accounts.

Terms: 3 months to 5 years
Minimum deposit: $10,000

Popular Direct has one of the higher opening minimum requirements, $10,000, but it may be worthwhile. The online bank’s rates stand out with a five-year term at 2.90% APY and a three-year term at 2.70% APY. Popular Direct has 24/7 phone support, but a minimal app and no branches.

Connexus Credit Union, 2.75%–3.35% APY

Terms: 1 year to 5 years
Minimum deposit: $5,000

All of Connexus’ share certificate rates are impressive — its rate on a one-year option (2.75% APY) is higher than many banks’ rates for five-year CDs. (“Share certificates” are what credit unions call CDs.) For a five-year term, the return is at 3.35% APY. You’ll have to put down a hefty amount to take advantage, but you won’t have a hard time being eligible to apply. Just make a one-time $5 donation to the Connexus Association, a charitable organization, and you can apply for membership.

TIAA Bank, 2.00%–2.75% APY

Terms: 3 months to 5 years
Minimum deposit: $5,000

TIAA Bank has high rates across its wide range of CD terms, including three-month CDs with 2.00% APY and five-year CDs with 2.75% APY. The minimum to open is steep compared to some banks, but the rates can be worthwhile. Although there are some branches, TIAA Bank mainly functions as an online bank with mobile apps and 24/7 customer service by phone.

Alliant Credit Union, 2.55%–2.85% APY

Terms: 1 year to 5 years
Minimum deposit: $1,000

The online-focused Alliant Credit Union has an impressive selection of share certificate rates. Its five-year rate of 2.85% is competitive with online bank CDs, as are its one- and three-year rates, and the credit union has a relatively low opening minimum of $1,000. To become a member, you can agree to support Alliant’s partner charity Foster Care to Success; Alliant will make a $5 donation on your behalf. There are also a few other ways to join the credit union.

PurePoint, 2.20%–2.85% APY

Terms: 6 months to 5 years
Minimum deposit: $10,000

PurePoint, online bank division of Union Bank, offers high rates hand-in-hand with a high opening deposit minimum of $10,000. Rates are competitive across the board, especially its 2.90% APY for a three-year term. Customer service by phone is available on weekdays, and the bank has a handful of branches in four states.

Citizens Access, 2.20%–2.80% APY

• Terms: 6 months to 5 years
• Minimum deposit: $5,000

Citizens Access, the online-only offshoot of Citizens Bank, has a variety of high-yield CDs, including its one-year CD with an APY of 2.70%, and a five-year CD at 2.80% APY. The bank has CD term lengths starting at six months. Like other online banks with stellar CD options, it doesn’t have checking, but Citizens’ savings account is a top contender when it comes to APY.

Synchrony Bank, 0.75%–2.90% APY

• Terms: 3 months to 5 years
• Minimum deposit: $2,000

An online bank, Synchrony has a one-year CD with an APY of 2.60%. For the five-year option, the APY is 2.90%. Although the bank doesn’t offer checking accounts, its savings account is one of the most impressive of its kind, making Synchrony a great choice for customers looking to separate their spending money from their savings.

Barclays, 0.35%–2.85% APY

Terms: 3 months to 5 years
Minimum deposit: None

People looking to open a CD have plenty to choose from at Barclays. The online-only bank’s five-year option comes with a 2.85% APY, and its one-year CD pays 2.50%. Barclays’ savings account is just as competitive, offering one of the highest APYs on the market. The bank, however, does not offer checking accounts.

Sallie Mae, 2.20%–2.60% APY

Terms: 6 months to 5 years
Minimum deposit: $2,500

Online student loan provider Sallie Mae also has some of the highest CD rates across its range of terms, including a five-year CD that earns 2.60% APY. And the bank pays 2.20% APY on its six-month CD. The opening minimum is higher than at some online banks. Its savings account also offers a solid rate.

What is a CD?

A CD, or certificate of deposit, is a type of savings account that keeps money locked up for a set period or term, generally three months to five years. The longer the CD term, the higher the rate.

How do CD rates work?

CD rates are quoted as an annual percentage yield, or APY, which is how much the account earns in one year including compound interest. Banks generally compound interest monthly or daily.

» See what CDs can earn you with our CD calculator

When should you get a CD?

CDs can make sense as a way to lock up some savings dedicated to a short-term goal such as buying a car or house in the next few years. Outside of goals, CDs can be a safe place for money you want to get guaranteed returns on without the risk of fluctuation such as in the stock market.

Do CDs have fees?

CDs don’t have monthly fees like checking or savings accounts might have, but they generally have a penalty if you withdraw before the CD term expires. This early withdrawal penalty tends to be several months’ worth of interest, so it’s usually best to wait to access funds from a CD once it expires. The exception is no-penalty CDs, which give you the flexibility to withdraw fee-free.

» Learn more about the freedom of no-penalty CDs

What’s better: CDs or high-yield savings accounts?

It depends on what’s more important to you: rates or access to your money. The current CD rates tend to be higher than the best savings account rates, but you sacrifice access to money in CDs. If that doesn’t work for you, check out our list of best online savings accounts.

What’s better: CDs or investment accounts?

It depends on the level of risk you want to take. Investment, or brokerage, accounts can have higher returns than CDs, but CDs guarantee returns. They’re typically federally insured for up to $250,000 and offer fixed interest rates. Brokerage accounts can be riskier, since you aren’t protected against losses.

Alternatives to CDs

Let’s say you have an emergency fund that consists of enough cash to cover about three to six months’ worth of living expenses. To grow your long-term savings, consider opening an online brokerage account. Although these financial products come with more risk than CDs, they could lead to higher returns.

Picking the right broker comes down to your priorities. Some investors are willing to pay more for a top-notch platform; others count costs above all else. With brokerage accounts, you don’t have to worry about early withdrawal penalties, but your funds may be more difficult to access in a pinch, given that you’ll likely need to sell some investment shares before you can devote that money to anything else.

» For in-depth guidance, check out’s best online stock brokers for beginners

CD rates | July 2019

BankAPYTermMinimum deposit
Connexus Credit Union2.75% - 3.35%1 - 5 years$5,000
Sallie Mae2.20%-2.60%6 months - 5 years$2,500
Synchrony Bank0.75%-2.90%3 months - 5 years$2,000
Popular Direct 2.05%-2.90%3 months - 5 years$10,000
Citizens Access2.20% - 2.80%6 months - 5 years$5,000
PurePoint2.20%-3.00%6 months - 5 years$10,000
TIAA Bank2.00% - 2.75% APY3 months - 5 years$5,000
Marcus by Goldman Sachs0.60%-2.95% APY6 months - 6 years$500
Barclays0.35%-2.85%3 months - 5 yearsNo minimum
Alliant Credit Union

2.55%-2.85% 1 - 5 years



We featured easy-to-join financial institutions that we’ve reviewed with the highest rates currently listed on’s CD rates tool. For the ZIP code and minimum deposit requirement, we used 94103 and $10,000, respectively. We also included select, standout rates from other trusted online financial institutions that we have reviewed. Higher rates might be available elsewhere.