Best CD Rates for June 2026

Trying to make the most of rates june? You are in the right place. Below we break it down in plain English, with practical tips you can actually use.

Key Takeaways

• No investment or savings vehicle is entirely without risk, but certificates of deposit (CDs) offer more security and predictability than mos...
• With fixed or upwardly adjustable interest rates, terms ranging from as short as one month to as long as 10 years, and FDIC insurance up to...
• Although prevailing rates vary widely by bank, CDs tend to have higher yields (better rates) than other types of bank accounts, including ch...

No investment or savings vehicle is entirely without risk, but certificates of deposit (CDs) offer more security and predictability than most.

With fixed or upwardly adjustable interest rates, terms ranging from as short as one month to as long as 10 years, and FDIC insurance up to $250,000 per account, CDs are useful tools for saving funds you don’t need right away , and earning a yield in the meantime.

Although prevailing rates vary widely by bank, CDs tend to have higher yields (better rates) than other types of bank accounts, including checking, savings, or money market accounts. That makes them excellent savings tools for people who don’t need to access their funds right away.

Best CD Rates

These are the best banks for certificate-of-deposit shoppers. 

All offer above-average CD yields and each does at least one additional thing well, whether it’s allowing shoppers to take advantage of rising rates during the CD term or providing greater-than-usual flexibility around withdrawals. The best overall offers the best all-around value in our estimation.

All have fixed interest rates on CDs and reasonable minimum deposit requirements and most charge no monthly fees, as is sometimes the case for online savings accounts that allow unlimited withdrawals.

• Barclays Bank
• Western Alliance
• Synchrony Bank
• EverBank (Formerly TIAA Bank)
• Sallie Mae Bank
• Alliant Credit Union
• Quontic Bank
• First Internet Bank
• Ally Bank
• CIT Bank
• U.S. Bank

Barclays Bank

• Minimum Deposit: $0
• Withdrawal Penalty: Up to 180 days of interest
• Our Rating: 4.4 / 5

Barclays Bank is an online savings bank that offers a legitimate rarity for savers: no minimum balance on CDs. Whereas numerous banks require opening deposits of $1,000 or more, you can open a Barclays CD and earn favorable interest rates with very little money down.

Needless to say, that makes Barclays Bank a frugal choice for CD shoppers without much to save right now. Plus, Barclays Bank CDs have no hidden monthly fees and compound interest daily, which slightly increases your return over the term.

Read our full Barclays Bank Review

Open an Account

Western Alliance

• Minimum Deposit: $1
• Maximum Yield: 4.05%
• Withdrawal Penalty: 90 days of interest
• Our Rating: 4.8 / 5

Western Alliance is a top-ranking commercial bank but offers its high-yield CDs through Raisin. Western Alliance offers decent APY interest on CDs and requires a low opening deposit of $1 when going through the Raisin Platform.

Using the Raisin platform, you have 24/7 access to your account, and your funds are FDIC insured, so there’s no worry about losing your deposits.

You don’t have to worry about a hefty early withdrawal fee either, as they charge only 90 days of interest, but it’s best to choose the term you can leave the funds untouched. This makes it a excellent option for people just starting out or for anyone who has a small amount of money they can set aside, why not let it earn some impressive interest in the meantime?

Best CD Rates:

• 6-month: 3.75% APY
• 12-month: 3.00% APY

Open an Account

Synchrony Bank

• Minimum Deposit: $0
• Maximum Yield: 4.10% (9mo)
• Withdrawal Penalty: Up to 365 days of interest
• Our Rating: 4 / 5

Synchrony Bank has more CDs than numerous banks, offering terms from three months to five years. The short- to medium-term products are particularly impressive.

Also of Note: Synchrony has no minimum deposit requirement for CDs, making it a strong choice for younger and lower-asset savers.

However, watch the early withdrawal penalties, starting at 90 days for CDs with a 12-month or shorter term, but the penalties go up to 365 days for terms longer than four years.

Read our Full Synchrony Bank Review

Open an Account

EverBank (Formerly TIAA Bank)

• Minimum Deposit: $1,000
• Maximum Yield: 4.15%
• Withdrawal Penalty: 25% of interest earned over the term
• Our Rating: 4 / 5

EverBank, formerly TIAA Bank, offers excellent but not spectacular CD yields.

EverBank stands out for another reason too: its above-standard deposit insurance on a special type of CD known as a CDARS (Certificate of Deposit Account Registry Service).

While CDARS rates are typically a bit lower than corresponding CDs’, you can get deposit insurance numerous times higher than the standard FDIC limit of $250,000 per account, per institution (over $10 million, in some cases). If you have a lot of cash to store with EverBank, that’s a valuable perk.

Read our Full EverBank Review

Open an Account

Sallie Mae Bank

• Minimum Deposit: $1
• Maximum Yield: 4.10% APY
• Withdrawal Penalty: Up to 180 days of interest
• Our Rating: 4.2 / 5

Sallie Mae Bank has a multitude of terms available through their main site; however, we like to promote the ones available through the Raisin platform. There are CDs with standard terms, which are excellent for people with shorter-term goals but who want to earn some interest.

That’s short enough not to worry about tying up your money forever, and both have decent yields.

If you’re not sure what the future holds, consider a no-penalty CD from Sallie Mae Bank instead.

Best CD Rates:

• 6-month: 3.95% APY
• 12-month: 4.10% APY

Open an Account

Alliant Credit Union

• Minimum Deposit: $1,000
• Maximum Yield: 3.90% (6mo)
• Withdrawal Penalty: Up to 180 days of interest
• Our Rating: 4 / 5

Alliant Credit Union offers Certificates requiring only $1,000 deposited, or jumbo CDs that require $75,000 or higher deposits. Their terms run from 3 to 60 months, which is on par for numerous similar banks and credit unions. 

Like most banks and credit unions, Alliant charges an early withdrawal penalty of 90 - 180 days, depending on the CD’s term.

In addition to traditional CDs, Alliant Credit Union offers Roth IRA and SEP IRA certificates to help you save for retirement. 

Open an Account

Quontic Bank

• Minimum Deposit: $500
• Maximum Yield: 4.50% APY (3mo)
• Withdrawal Penalty: Up to 2 years of interest
• Our Rating: 4.3 / 5

Quontic Bank has some of the best rates available on CDs with terms under two years. The standout is the 3 month CD, which offers a 4.50% APY.

Quontic also shines thanks to an all-digital application that takes just a few minutes to complete and a relatively low minimum opening deposit, which makes its products accessible to savers without a lot of cash in the bank. However, keep the hefty early withdrawal penalties in mind, and don’t invest more than you can leave untouched.

Read our Full Quontic Bank Review

Final Thoughts

Before you check out, double-check rates june against current offers and any coupons you can stack. Small habits like this add up to real savings over a year.

Originally published at moneycrashers.com.