So if you own an Ally Raise Your Rate CD, and the interest rate that’s offered for your account goes up, you can initiate a rate increase to take advantage of that benefit. If you can meet those requirements, you can easily open an account with PenFed and open a CD account today.Īlly’s bump-up certificate of deposit is an account that functions like a normal CD, only it allows the account holder to increase their APY during the account’s term should rates rise. Now, you can become a member and open up a CD just by doing the following: This used to be a tall order, in that you had to be somewhat involved with the military, either yourself or as a family member or cohabitant. The catch is that you'll need to become a PenFed member in order to open up a CD with the credit union. The credit union's 2-year CD APY currently sits at 4.60%, which is one of the highest around. But if you can meet that minimum, you'll be met with solid APYs, ranging from 3.00% to 5.35%, depending on term length.

So if you want to open a CD with PenFed, you'll need to have some cash lying around. The minimum on all of these CDs is $1,000. Pentagon Federal Credit Union has a range of different certificate of deposit (CD) offerings, ranging from six months to seven years. So you have to make sure that you are comfortable with online banking frequently. The drawback with Barclays is that it’s an online-only bank here in the U.S. And if you have your eyes set on a 36-month CD rate, you’ll have access to a great APY of 4.50%. If you are looking to open a 12-month CD, your APY will be a bit higher than the 24-month term at 5.50% with no minimum balance requirements.

The bank also offers terms of 18 months and 48 months. So, once you open a 24-month CD account, you will begin seeing the benefits of the quality rate and interest that compounds daily.īarclays offers CD typical term rates at 12 months, 24 months, 36 months and 60 months. That means you don’t need to make a deposit to open the account and you also don’t need to maintain a minimum balance to keep the 5.00% APY. Barclays offers 24-month CDs with an APY of 5.00% and no minimum balance is required. Barclays provides a wide range of certificate of deposit (CD) products, and its high balance CDs really stand out with terms reaching 4.45% APY or higher.

Cd interest rate calculator