Short Term CD Rates
When investing in a CD you want to take advantage of the best CD rates possible. The interest rates that are offered can help you decide in short term vs long term CD rates. If you’re looking at CDs for IRAs, the best IRA CD rates are probably longer term rates.
The biggest advantage of a short-term certificate of deposit is that your money is locked in for a short amount of time. Because of the higher liquidity of short term CDs, interest rates are typically lower one shorter terms. They still beat out keeping your money in a checking account or savings account.
What can help you make the decision on short term vs long term CDs is what kind of interest rate environment there is. When banks are unsure as to where interest rates are going to go in the future, they may offer better short term CD rates. When banks are confident in future rates, they’ll typically offer better long term CD rates. Check out the best short term CD rates available today:
3 Month CDs
| Bank Name | Minimum Deposit | Annual Percentage Yield (APY) |
|---|---|---|
| Danvers Bank | $500 | 1.75% |
| Total Bank | $1,000 | 1.65% |
| Southeast Financial Federal Credit Union | $500 | 1.45% |
| Consumers Credit Union | $500 | 1.45% |
| UFB Direct | $8,000 | 1.30% |
| Wilshire State Bank | $1,000 | 1.26% |
| First Fed Direct | $10,000 | 1.25% |
6 Month CDs
| Bank Name | Minimum Deposit | Annual Percentage Yield (APY) |
|---|---|---|
| America's Credit Union | $500 | 2% |
| Ascencia Bank | $500 | 1.76% |
| Consumers Credit Union | $250 | 1.75% |
| Southeast Financial Federal Credit Union | $500 | 1.75% |
| La Jolla Bank | $10,000 | 1.65% |
| Total Bank | $1,000 | 1.65% |
| Ally Bank | $0 | 1.60% |
9 Month CDs
| Bank Name | Minimum Deposit | Annual Percentage Yield (APY) |
|---|---|---|
| Christian Community Credit Union | $1,000 | 2.25% |
| eloan | $10,000 | 1.76% |
| Acacia Federal Savings Bank | $500 | 1.75% |
| Umbrella Bank | $1,000 | 1.66% |
| First Fed Direct | $10,000 | 1.65% |
| OneWest Bank | $5,000 | 1.65% |
| Total Bank | $1,000 | 1.65% |
| Imperial Capital | $2,000 | 1.65% |
1 Year CDs
| Bank Name | Minimum Deposit | Annual Percentage Yield (APY) |
|---|---|---|
| Alliant Credit Union | $25,000 | 2.30% |
| Christian Community Credit Union | $1,000 | 2.25% |
| MetLife Bank | $25,000 | 2.25% |
| Melrose Credit Union | $5,000 | 2.22% |
| America's Credit Union | $500 | 2.15% |
| Frontier Bank | $50,000 | 2.10% |
| ING Direct | $0 | 2.10% |
18 Month CDs
| Bank Name | Minimum Deposit | Annual Percentage Yield (APY) |
|---|---|---|
| Alliant Credit Union | $25,000 | 2.40% |
| Security Savings Bank | $500 | 2.30% |
| Dollar Savings Direct | $1,000 | 2.25% |
| Southeast Financial Federal Credit Union | $500 | 2.25% |
| Northpointe Bank | $5,000 | 2.25% |
| Christian Community Credit Union | $1,000 | 2.25% |
| Nationwide Bank | $500 | 2.20% |
