Best CD Rates in Delaware
Vikram Singh
Best 6-Month CD Rates in Delaware

Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000.00
APY / Rate: 4.39% APY
Pros:
- Online-only CD options are available
- Highly competitive CD rates in a 1-year term
- Early withdrawal penalties are decent
- FDIC-insured bank with investment covered to the max
- Terms ranging from 3 months to 5 years
Rules:
- Interest on CDs is compounded monthly and added to the account at the month’s end.
- Early withdrawal incurs a penalty amounting to:
1- 90 days interest for a 3-month term
2- 180 days interest for a 6-18 month term
3- 365 days interest for 24-60 month term

Bank or Credit Union Name: Banesco USA –
Minimum Amount: $1,500
APY Rate: 4.30% APY
Pros:
- Hispanic American-owned bank that supports local communities
- High APY for BanesGrow savings account
- Competitive CD rate
- Access your account 24/7 from desktop or mobile.
- All deposits are FDIC-insured.
Rules:
- The account requires a $100 minimum deposit and carries a $15 monthly fee for balances below the $100 threshold.
- Interest earned may vary
- Consumers are limited to six withdrawals per month with a BanesGrow account.
- Transactions beyond the monthly withdrawal limit carry a $10 fee each.
- A $100 minimum deposit is required to open a BanesGrow account
- BaneSmart CDs offer high-yield interest in exchange for keeping your money in the bank long term.
- CDs are available in five term lengths ranging from six months to 36 months.
- A $1,500 minimum deposit is required to open a CD account through the bank.
Best 12 Month CD Rates in Delaware

Bank or Credit Union Name: Capital One
Minimum Amount: $0
APY / Rate: 5.00%
Pros:
- No minimum balance required
- Interest is paid end of the term, monthly,, or annually
- 5-minutes easy account opening process
- FDIC-insured investment options
Rules:
- A CD account can be opened online by accessing the website if you are already a member of Capital One bank.
- Interest is accrued daily but paid and compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.

Bank or Credit Union Name: CFG Community Bank
Minimum Amount: $500.00
APY / Rate: 5.00% APY
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
- The interest on the CD is compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.

Bank or Credit Union Name: BMO Harris
Minimum Amount: $1000
APY / Rate: 5.000%
Pros:
- Top-tier interest rates in CDs
- A decent minimum balance amount
- Secure banking over the telephone, online, or at the branch
- FDIC insured bank
Rules:
- CDs can be closed or funds can be withdrawn by contacting the branch.
- The amount is transferred to a BMO account or paid via check.
- There are no monthly maintenance fees, only a penalty charged on early withdrawal of the amount.
- A notice is sent to the CD holder when it matures and there is a grace period of 10 days to add more funds or withdraw the CD before it gets auto-renewed.
Best 3 Years CD Rates in Delaware

Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000.00
APY / Rate: 4.39% APY
Pros:
- Online-only CD options are available
- Highly competitive CD rates in a 1-year term
- Early withdrawal penalties are decent
- FDIC-insured bank with investment covered to the max
- Terms ranging from 3 months to 5 years
Rules:
- Interest on CDs is compounded monthly and added to the account at the month’s end.
- Early withdrawal incurs a penalty amounting to:
1- 90 days interest for a 3-month term
2- 180 days interest for a 6-18 month term
3- 365 days interest for 24-60 month term

Bank or Credit Union Name: Sallie Mae Bank
Minimum Amount: $2500
APY Rate: 3.75
Pros:
- Guaranteed returns
- FDIC insured
- Auto renewal option available
- High APY
- No monthly fee
Rules:
- Interest is calculated only when the minimum balance is maintained
- A penalty will be charged on early withdrawal
- Interest is compounded on a monthly basis
Best 5 Years CD Rates in Delaware

Bank or Credit Union Name: CFG Community Bank
Minimum Amount: $500.00
APY / Rate: 4.50% APY
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
- The interest on the CD is compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.

Bank or Credit Union Name: GTE Financial Credit Union
Minimum Amount: $500
APY / Rate: 4.54% APY
Pros:
- Open with as little as $500
- Some of the best rates in the nation
- Variety of term options
- Open online in minutes
- Federally Insured by NCUA
Rules:
- No early withdrawals may be made during the first 60 days from opening the Share Certificate.
- Early withdrawals will be penalized anywhere from 90 to 180 days of earned dividends. Please review your Certificate disclosure for more details.
- There are no penalties for monthly dividend withdrawals. Early withdrawal penalties will apply if the certificate is closed before the maturity date.
- You can withdraw up to 10% of the principal plus dividends one time per year (20% of the current balance if over 59 1/2 years old) with no early withdrawal penalty on IRA certificates.
- Any monthly withdrawals or transfers reduce earnings.