Nine month Certificates of Deposit (CD) rates from online banks are often above average if you are willing to open and manage your account using the Internet. Most online banks offer an online application and money can be transferred to fund the CD via an electronic transfer, check, wire, or credit card. To view rates for other CD terms, click the tabs above.
Highest 9-Month Online CD Rates - April 28, 2024
| BANK | APY? | MIN? | |
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5.30% | $1,000 |
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Rate History: 5.75% → 5.60% → 5.45% → 5.30% |
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5.27% | $1,000 | Learn More |
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Early Withdrawal Penalty is 180 days interest. |
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Yat 1965 | Mar 19, 2022 Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner |
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5.20% | $500 | Learn More |
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. |
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5.15% | $0 | Learn More |
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Early Withdrawal Penalty is 90 days interest.
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mcriss | Oct 23, 2023 Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More |
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5.11% | $25,000 | Learn More |
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ytr0171 | Jul 23, 2023 easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries. Read More |
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5.05% | $1,000 | Learn More |
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Rate History: 5.10% → 5.05% |
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Jason T | May 30, 2023 They really do pay this amount, but the account lacks any functionality and they are constantly looking for some sort of add-on fee to enable them to claw back the interest. Any bank with a higher rate an... Read More |
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5.05% | $1,000 | Learn More |
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Early withdrawal penalty is one-fourth the amount of interest that would have been earned had CD been held to maturity.
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Trey D | Nov 12, 2023 This was terrible as Everbank. Then it was terrible as TIAA. Now it is terrible as Everbank again. Not sure where they are going with the branding, but still terrible. (Bestcashcow's system is forcing ... Read More |
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5.00% | $2,500 | Learn More |
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Rate History: 5.25% → 5.00% |
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james | Nov 18, 2023 bank delayed 1-2days to credit into your account, pay less interest. |
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5.00% | $10,000 | Learn More |
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Warning: Early withdrawal penalty is 4% of principal withdrawn. |
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LarryMass | Dec 8, 2020 Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More |
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4.90% | $500 | Learn More |
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Rate History: 5.30% → 5.20% → 5.10% → 5.00% → 4.90% |
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A Terkowitz | Feb 15, 2024 best bank on the list but no longer the most competitive Read More |
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4.85% | $2,500 | Learn More |
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Rate History: 5.10% → 5.25% → 5.15% → 5.00% → 4.85% |
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HAL1975 | Aug 2, 2023 Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. |
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4.80% | $1,000 |
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Rate History: 5.00% → 5.10% → 5.05% → 4.85% → 4.80% |
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4.75% | $1,000 |
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Rate History: 5.25% → 6.00% → 4.75% |
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4.55% | $0 | Learn More |
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Rad | Aug 13, 2023 Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More |
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4.50% | $1,000 | Learn More |
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RYAN S | Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More |
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4.50% | $10,000 |
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4.25% | $2,500 | Learn More |
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Rate History: 5.20% → 5.30% → 5.00% → 4.50% → 4.25% |
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AVOID_ READ_CAREFULLY | Jan 10, 2024 AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More |
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0.09% | $500 | Learn More |
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Rate History: 1.00% → 0.09% |
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me joe | Apr 25, 2022 broke the machine, braddah |
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Restrictions |
0.05% | $500 |
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FDIC and NCUA Insurance - In order to secure the viability of the US banking system, the Federal government provides insurance to a maximum amount of $250,000 per individual per institution (or $500,000 for joint account holders). This insurance is provided to banks through the FDIC and to credit unions through the NCUA. All banks listed on BestCashCow are FDIC insured; most, but not all, credit unions listed on BestCashCow are NCUA insured. Ordinarily, all deposits (CDs, Checking, Savings Accounts) held in the same type of ownership are added together and insured to $250,000, funds held in different types of ownership (Individual, Joint, Trust, Retirement) may fall under separate insurance provisions. In order to determine if your financial institution is insured and to ascertain your coverage limits, please visit - as appropriate - either FDIC.gov and use the BankFind functionality or NCUA.gov and use the Share Insurance Toolkit. We recommend that you deposit funds in only FDIC and NCUA insured institutions and that you do not exceed coverage limits.
Minimum Deposit - There is such competition for your money that the best CD rates are often available for sums as little as $500.
Term and CD Rates- Three month and six month certificates of deposit rates do not dramatically exceed those in online savings and money market accounts, and money market funds. Moreover, investors in states with higher state tax, such as New York and California, in an ordinary environment (not 2011) will perform equally well in a three-month US Treasury Bond or pre-refunded municipal bonds after they account for the fact that interest produced on those products are tax advantaged.
Generally, longer the CD term, the higher the CD rate. In general, the term you choose depends on how long you want to tie up your funds and also what you think will happen to interest rates.
Interest rates will fall. Then it is better to put money into longer-term CDs to maintain the high rate as long as possible.
Interest rates will rise. Put money into short term CDs. By keeping your cash more liquid, you can re-invest it as rates go up.
Interest rates will remain flat. In this case, going for longer-term CDs will help you maximize your interest income.
Learn more about getting the best CD rates.
Early Withdrawal - Any certificate of deposit will bear
substantial penalties for early withdrawal, if it is even allowed.
Ordinarily, the penalty for early withdrawal will be a loss of all of
your accrued interest, but there are certain circumstances where banks
will also assess penalties that will result in a loss of some of your
principal.
