Best No-Penalty & High-Yield CD Rates

The Discover 12-Month Certificate of Deposit from Discover is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.6/10. Reliable 1-year CD with $0 minimum deposit requirement and terms spanning from 3 months all the way to 10 years.

Key highlights include 4.10% APY (12-Month Fixed Term), a fee structure of $0 Account Maintenance Fee, and CD Terms Available from 3 Months to 10 Years. Accounts are backed by FDIC Insured up to $250,000 and supported by Discover's 4.9 / 5.0-rated digital banking experience.

The Marcus by Goldman Sachs 12-Month High-Yield CD from Marcus by Goldman Sachs is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.8/10. Fixed-rate 12-month Certificate of Deposit with a 10-Day CD Rate Guarantee that automatically gives you the highest published Marcus rate within 10 days of opening.

Key highlights include 4.30% APY (12-Month Fixed Term), a fee structure of $0 Account Fees, and 10-Day CD Rate Guarantee Upon Funding. Accounts are backed by FDIC Insured up to $250,000 and supported by Marcus by Goldman Sachs's 4.9 / 5.0-rated digital banking experience.

The Marcus by Goldman Sachs 13-Month No-Penalty CD from Marcus by Goldman Sachs is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.8/10. Flexible No-Penalty CD allowing you to lock in a high fixed APY while retaining the ability to withdraw your full balance plus interest penalty-free starting 7 days after funding.

Key highlights include 4.10% APY (13-Month No-Penalty), a fee structure of $0 Early Withdrawal Penalty after 7 Days, and Full Liquidity + Guaranteed Fixed Rate Protection. Accounts are backed by FDIC Insured up to $250,000 and supported by Marcus by Goldman Sachs's 4.9 / 5.0-rated digital banking experience.

The Ally Bank 11-Month No-Penalty CD from Ally Bank is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.5/10. Zero-minimum No-Penalty CD from Ally Bank with a 0.05% Loyalty Reward upon renewal and penalty-free full withdrawal any time after the first 6 days.

Key highlights include 4.00% APY (11-Month No-Penalty), a fee structure of $0 Early Withdrawal Penalty after 6 Days, and +0.05% Loyalty Rate Boost at Renewal + 10-Day Best Rate Guarantee. Accounts are backed by FDIC Insured up to $250,000 and supported by Ally Bank's 4.9 / 5.0-rated digital banking experience.

The Ally Bank Raise Your Rate 2-Year CD from Ally Bank is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.5/10. Bump-up Certificate of Deposit giving you the option to increase your APY once during a 2-year term (or twice on a 4-year term) if Ally's rate for your term goes up.

Key highlights include 3.90% APY (24-Month Bump-Up Term), a fee structure of $0 Maintenance Fee, and Option to Bump Up Your Rate if Market Rates Rise. Accounts are backed by FDIC Insured up to $250,000 and supported by Ally Bank's 4.9 / 5.0-rated digital banking experience.

The Synchrony Bank 14-Month Special CD from Synchrony Bank is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.5/10. Promotional 14-month CD offering one of the highest guaranteed fixed yields on the market with $0 minimum deposit and a 15-Day Best Rate Guarantee.

Key highlights include 4.35% APY (14-Month Promotional Term), a fee structure of $0 Account Fee, and 15-Day Best Rate Guarantee. Accounts are backed by FDIC Insured up to $250,000 and supported by Synchrony Bank's 4.8 / 5.0-rated digital banking experience.

The Navy Federal Special EasyStart 12-Month Certificate from Navy Federal Credit Union is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.3/10. Top-yielding credit union share certificate paying 4.80% APY on up to $3,000 with only a $50 minimum deposit and ongoing add-on deposit flexibility.

Key highlights include 4.80% APY (12-Month Special Certificate), a fee structure of $0 Account Fee, and Add Additional Funds to Your Certificate at Any Time. Accounts are backed by NCUA Insured up to $250,000 and supported by Navy Federal Credit Union's 4.9 / 5.0-rated digital banking experience.