Current Cd Interest Rates
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Rates are effective as of today, subject to change without notice and may vary by region. Please call 800-226-5228 or visit a BB&T branch to confirm rates for your area. A penalty may be imposed for early withdrawal from certificates of deposit (CDs). Fees may reduce earnings. Find out today's checking, savings, IRA and CD account interest rates from Bank of America.
Open a Chase Certificate of Deposit
You must be an existing Chase checking customer to open online.
Certificate of Deposit FAQ
What is a Chase CD?
A certificate of deposit, or CD, is a deposit account with us for a specified period of time.
What is the minimum deposit amount to open a Chase CD?
$1,000
How is the Chase CD interest calculated?
We use the daily balance method to calculate interest on your CD. This method applies a periodic rate each day to your balance. Interest begins to accrue on the business day of your deposit. Interest for CDs is calculated on a 365-day basis, although some business CDs may calculate interest on a 360-day basis. The Annual Percentage Yield (APY) disclosed on your deposit receipt or on the maturity notice assumes interest will remain on deposit until maturity. On maturities of more than one year, interest will be paid at least annually. Please see the Deposit Account Agreement and rate sheet for further details.
Are there early withdrawal fees or penalties associated with a Chase CD?
There is a penalty for withdrawing principal prior to the maturity date. For Personal CDs:
- If the term of the CD is less than 6 months, the early withdrawal penalty is 90 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
- If the term of the CD is 6 months to less than 24 months, then the early withdrawal penalty is 180 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
- For terms 24 months or more, the early withdrawal penalty is 365 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
- If the withdrawal occurs less than seven days after opening the CD or making another withdrawal of principal, the early withdrawal penalty will be calculated as described above, but it cannot be less than seven days’ interest.
- The amount of your penalty will be deducted from principal.
See the Deposit Account Agreement and rate sheet for further details
What does it mean when my Chase CD matures?
The maturity date is the last day of your CD’s term. The grace period begins the following day and lasts for 10 days – this is when you can make changes to your CD. Go to chase.com/cdmaturity to learn more about what options you have when your CD matures.
Find a Chase ATM or branch
To find a Chase ATM or branch near you, tell us a ZIP code or an address.
Open a Chase Certificate of Deposit
You must be an existing Chase checking customer to open online.
Certificate of Deposit FAQ
What is a Chase CD?
A certificate of deposit, or CD, is a deposit account with us for a specified period of time.
What is the minimum deposit amount to open a Chase CD?
$1,000
How is the Chase CD interest calculated?
We use the daily balance method to calculate interest on your CD. This method applies a periodic rate each day to your balance. Interest begins to accrue on the business day of your deposit. Interest for CDs is calculated on a 365-day basis, although some business CDs may calculate interest on a 360-day basis. The Annual Percentage Yield (APY) disclosed on your deposit receipt or on the maturity notice assumes interest will remain on deposit until maturity. On maturities of more than one year, interest will be paid at least annually. Please see the Deposit Account Agreement and rate sheet for further details.
Are there early withdrawal fees or penalties associated with a Chase CD?
There is a penalty for withdrawing principal prior to the maturity date. For Personal CDs:
- If the term of the CD is less than 6 months, the early withdrawal penalty is 90 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
- If the term of the CD is 6 months to less than 24 months, then the early withdrawal penalty is 180 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
- For terms 24 months or more, the early withdrawal penalty is 365 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
- If the withdrawal occurs less than seven days after opening the CD or making another withdrawal of principal, the early withdrawal penalty will be calculated as described above, but it cannot be less than seven days’ interest.
- The amount of your penalty will be deducted from principal.
See the Deposit Account Agreement and rate sheet for further details
What does it mean when my Chase CD matures?
The maturity date is the last day of your CD’s term. The grace period begins the following day and lasts for 10 days – this is when you can make changes to your CD. Go to chase.com/cdmaturity to learn more about what options you have when your CD matures.
Find a Chase ATM or branch
To find a Chase ATM or branch near you, tell us a ZIP code or an address.
© Westend61/Getty Images Man using a banking app on phoneA certificate of deposit (CD) is a time deposit account. A bank agrees to pay interest at a certain rate if savers deposit their cash for a set term, or period of time.
Popular Searches
Find current CD rates and recent interest rate trends from Bankrate below. Here are the current average rates for the week of March 3:
- 1-year CD rates: 0.19%
- 5-year CD rates: 0.32%
- 1-year jumbo CD rates: 0.21%
- 5-year jumbo CD rates: 0.33%
- Money market account rates: 0.08%
Since the Federal Reserve lowered the fed funds ratetwice last March, CD and money market account (MMA) rates have been declining at many banks. Declining Treasurys may also cause CD rates to decrease.
Latest CD rates: 3-month trend
| Date | 1-year CD | 5-year CD | 1-year jumbo | 5-year jumbo | Money market account |
|---|---|---|---|---|---|
| 03/03/2021 | 0.19% | 0.32% | 0.21% | 0.33% | 0.08% |
| 02/24/2021 | 0.20% | 0.33% | 0.21% | 0.34% | 0.08% |
| 02/17/2021 | 0.19% | 0.33% | 0.21% | 0.34% | 0.08% |
| 02/10/2021 | 0.19% | 0.33% | 0.22% | 0.34% | 0.08% |
| 02/03/2021 | 0.20% | 0.34% | 0.22% | 0.35% | 0.08% |
| 01/27/2021 | 0.20% | 0.35% | 0.23% | 0.36% | 0.08% |
| 01/20/2021 | 0.21% | 0.35% | 0.23% | 0.36% | 0.09% |
| 01/13/2021 | 0.21% | 0.36% | 0.23% | 0.37% | 0.09% |
| 01/06/2021 | 0.21% | 0.36% | 0.23% | 0.37% | 0.09% |
| 12/30/2020 | 0.22% | 0.37% | 0.24% | 0.38% | 0.09% |
| 12/23/2020 | 0.22% | 0.38% | 0.24% | 0.39% | 0.09% |
| 12/16/2020 | 0.23% | 0.39% | 0.25% | 0.40% | 0.09% |
| 12/9/2020 | 0.24% | 0.40% | 0.26% | 0.41% | 0.10% |
| 12/2/2020 | 0.24% | 0.40% | 0.26% | 0.41% | 0.10% |
| 11/25/2020 | 0.24% | 0.41% | 0.26% | 0.42% | 0.10% |
No need to stick to low rates: Below are some of the best CD rates from popular banks by term
Compare current CD rates by term for March 2021
Current CD rates: 6-month
- Quontic Bank: 0.60% APY
- Limelight Bank: 0.50% APY
- First Internet Bank: 0.45% APY
- Bethpage Federal Credit Union: 0.40% APY
- EmigrantDirect: 0.35% APY
Current CD rates: 1-year
- Quontic Bank: 0.65% APY
- Live Oak Bank: 0.65% APY
- Ally Bank: 0.60% APY
- BrioDirect: 0.60% APY
- Synchrony Bank: 0.55% APY
Current CD rates: 3-year
- Delta Community Credit Union: 1.05% APY
- Comenity Direct: 0.85% APY
- Salem Five Direct: 0.75% APY
- Navy Federal Credit Union: 0.70% APY
- TIAA Bank: 0.70% APY
Current CD rates: 5-year
- Delta Community Credit Union: 1.25% APY
- SchoolsFirst Federal Credit Union: 1.01% APY
- VyStar Credit Union: 1.00% APY
- Suncoast Credit Union: 0.95% APY
- Ally Bank: 0.85% APY
Note: The APYs (Annual Percentage Yields) shown are as of March 4, 2021.The APYs for some products may vary by region.
Current CD rates FAQs
What are today’s CD rates?
According to Bankrate’s most recent national survey of banks and thrifts, the average rate for a 1-year CD is 0.19 percent. The average rate for a 5-year CD is 0.32 percent. The average rate for a 1-year jumbo CD is 0.21 percent. The average 5-year jumbo CD rate is 0.33 percent.
The Federal Reserve and CD rates
When the Federal Reserve makes interest rate decisions, the rates that banks offer on CDs can change.
The Fed can choose to raise or lower the federal funds rate. Once the central bank makes a decision to change the rate, banks will generally move CD yields in the same direction. Broader macroeconomic conditions also influence CD rates.
CD rates typically follow the direction of the Federal Reserve closely. For example, in 2020, the Fed made two emergency cuts and CD rates have been declining at some banks to protect their profits.
How are CD interest rates determined?
CD rates are determined by several factors. The decisions made by the Federal Reserve on the federal funds rate will influence CD rates.
Competition among banks and credit unions will also influence the payout out on their CDs as well as whether the financial institution needs deposits or not. In general, online banks tend to pay higher rates than banks with branches.
Changes in Treasury yields and economic conditions also influence CD rates.