Best CD rates and certificates

Requirements

Product: Fixed dividend rate and APY for the term. Name Your Own Term available in full-month increments from 6 months to 4 years earning the rate of the preceding certificate tier. Bump-up rate options for 2 and 3-year terms. Ability to add to balance during term.

Offer: Fixed dividend rate and APY. Assumption dividends remain on deposit until maturity; withdrawals and fees could reduce earnings.

Requirements

Product: Minimum opening deposit of $25. Allows unlimited additional deposits during the term. Early withdrawal penalty applies (30 days dividends). Automatically renews with a 14 calendar day grace period.

Offer: Dividends compounded/credited quarterly.

Requirements

Product: No monthly fees. FDIC insured up to $250,000. Account subject to early withdrawal penalties if closed prior to maturity. Penalty equals: 7 days interest if withdrawal within first 6 days; 90 days interest if CD term <= 1 year; 180 days interest if CD term <= 2 years; 365 days interest if CD term > 2 years. APY assumes interest remains on deposit until maturity. Additional term lengths (3, 24, 36, 48, 60-months) available by contacting a banker.

Offer: No additional deposits allowed during term, or one deposit between $500 and $50,000 allowed per footnote. Option to exchange interest rate one time during term.

Requirements

Product: Membership required and account opening upon qualification. Substantial penalty for early withdrawal. Dividends calculated daily, compounded and paid monthly.

Requirements

Product: FDIC insured up to applicable limits. Automatically renews at maturity for the same term length at the current rate in effect unless action is taken during the 10-day grace period. Early withdrawal penalty applies: 10 days of interest if withdrawn within the first 10 days of opening; 3 months of interest if withdrawn after 10 days.

Offer: Relationship rate. Applicable to initial term only; automatically renews to a 6-month term at maturity. Only accepts new money from external sources outside of Ameriprise Bank, FSB and its affiliates. Requires $50,000 or more in eligible household group balances as of the prior month-end statement and a minimum deposit of $1,000. Promotional rate boost offer available through December 31, 2026.

Requirements

Product: At maturity, automatically renews into a 3 Month Flexible CD at a lower interest rate unless changed during 7-day grace period. Online opening limit is $250,000.

Requirements

Product: $2,500 minimum deposit required. After certificate is issued, no additional deposits are allowed. Compounded quarterly. Early withdrawal penalty applies (12 months loss of interest). Basis 365 days.

Offer: Compounded quarterly.

Requirements

Product: Minimum deposit $1,000. Allows member to change the dividend rate once during the term to the current Flex Certificate Rate, add to the certificate once within the first year (minimum $1,000 additional deposit), and make a one-time withdrawal of up to 50% of the current balance without penalty.

Requirements

Product: Terms available from 3 to 5 years. Dividends paid and compounded monthly. Allows a one-time bump to current rate during certificate term. Minimum deposit stated as $5,000 in product summary, rate schedule reflects Standard ($500 minimum) and Jumbo ($35,000 minimum) balance tiers. Early withdrawal penalty may apply.

Offer: Standard tier

Requirements

Product: Early withdrawals subject to penalty (6 months' interest for terms of 1 year or less, 12 months' interest for terms over 1 year). Renews automatically upon maturity after 10-day grace period. No setup or maintenance fees.

Offer: Early withdrawal penalty applies.

Requirements

Product: Interest compounds and is paid quarterly. Certificates over $25,000 add .05% to the rate.

Offer: Certificates over $25,000 add .05% to the rate. Early withdrawal penalty is the lesser of 90 days’ interest or the interest earned.

Requirements

Product: A penalty may be imposed for early withdrawal. Additional deposits are not allowed after opening. Interest is calculated using the daily balance method. Requires an Alerus checking account with a $500 minimum balance to qualify. IRA funds do not qualify.

Offer: Requires an Alerus checking account with a $500 minimum balance. IRA funds do not qualify. Early withdrawal penalty may apply.