Most CDs charge you a fee if you need to withdraw money from your account before it matures. But with a no-penalty CD, you won’t have to pay an early withdrawal penalty.
No-penalty CDs aren’t very common, so you only have a few strong banks to choose from. If you want even more term options and are willing to consider banks that charge penalties, check out our overall best CD rates guide.
Most of our top picks have low minimum opening deposits, competitive interest rates, or a variety of term options.
The Best No-Penalty CD RatesCIT Bank No Penalty 11-Month CD – Product Name Only: CIT Bank No Penalty 11-Month CD – APY APYAmerica First Credit Union Flexible Certificate – Product Name Only: America First Credit Union Flexible Certificate – APY APY Ally No Penalty CD – Product Name Only: Ally No Penalty CD – APY APYMarcus 13 Month No-Penalty CD – Product Name Only: Marcus 13 Month No-Penalty CD – APY APYSynchrony No-Penalty CD – Product Name Only: Synchrony No-Penalty CD – APY APY
These…
This article was written by Laura Grace Tarpley, CEPF,Evelyn He and originally published on www.businessinsider.com