Best CD Rates in Miami, Florida

Pros:

• High interest rates: SCCU offers some of the highest interest rates on CDs in the industry. As of July 2023, the highest APY (annual percentage yield) for a 7-month CD is 5.65%.
• High-interest rates on savings accounts and CDs: Superior Choice Credit Union offers some of the highest interest rates on savings accounts and CDs in the industry.
• Flexible terms: SCCU offers CDs with terms ranging from 3 months to 7 years, so you can choose a term that fits your needs.
• Superior Choice Credit Union is insured by the National Credit Union Administration (NCUA). This means that your deposits are protected up to $250,000 per depositor.
• Convenient online banking: Superior Choice Credit Union offers convenient online banking, which allows you to manage your accounts from anywhere. This includes the ability to view your balances, transfer funds, pay bills, and more.
• Easy to open: You can open a CD online or at any SCCU branch.

Rules:

• Minimum deposit: The minimum deposit for a CD account with SCCU is $500.
• The interest rate you earn will depend on the term of the CD.
• Term length: CD terms at Superior Choice Credit Union range from 3 months to 7 Years.
• Early withdrawal penalty: If you withdraw money from your CD account before the term matures, you may be subject to an early withdrawal penalty. The penalty amount is based on the length of time remaining on the term and the amount of money withdrawn.
• Compounding: Interest on Superior Choice Credit Union CDs compounds monthly.

Pros:

• Competitive interest rates: Bellco Credit Union offers competitive interest rates on its CDs. As of July 2023, the APY (annual percentage yield) for a 1-year CD is 3.90%, and the APY for a 5-year CD is 4.00%.
• Bellco Credit Union members have access to a variety of discounts and services, such as discounts on car rentals, hotels, and other travel expenses.
• Bellco Credit Union offers free financial counseling to its members. This can help members develop a budget, save money, and achieve their financial goals.
• Bellco Credit Union is owned by its members. This means that the profits from the credit union are returned to the members in the form of lower interest rates, higher dividends, and other benefits.
• Bellco Credit Union deposits are insured by the National Credit Union Administration (NCUA). The NCUA is a federal agency that insures credit union deposits up to $250,000.
• Online banking and mobile apps. There was a time when banks were able to offer services that credit unions could not. But, today Bellco FCU members enjoy fast, free, and easy to use online banking and bill pay services.

Rules:

• Minimum deposit: The minimum deposit to open a CD at Bellco Credit Union varies depending on the term of the CD. For example, the minimum deposit for a 1-year CD is $500, while the minimum deposit for a 5-year CD is $1,000.
• You must be a member of Bellco Credit Union to open a CD account. You can become a member by meeting one of the eligibility requirements listed on the Bellco Credit Union website.
• Early withdrawal penalty: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is typically a percentage of the interest you would have earned if you had left the money in the CD until maturity.
• Flexible terms: Bellco Credit Union offers CDs with terms ranging from 3 months to 5 years. This allows you to choose a term that fits your financial needs.
• Some CD accounts have special requirements, such as a minimum deposit amount or a requirement to make monthly deposits. Be sure to read the terms and conditions carefully before opening a CD account.
• You must meet certain requirements to earn the advertised APY. For example, you must make 15 debit card purchase transactions that post and clear in the statement month to earn the advertised APY on the 12-month CD.

Pros:

• National Credit Union Administration (NCUA) insured
• For a 6-month term deposit, Mountain America Credit Union offers a competitive APY of 5.50%.
• Compared to other high-yield savings choices, the $500 minimum deposit needed to create an account is very low.
• Anyone can become a member of Mountain America Credit Union by becoming a $5 member of the nonprofit American Consumer Council and keeping a minimum of $5 in a savings account.

Rules:

• Minimum deposit: The minimum deposit for a CD at MACU is $500.
• Only a 6-month term deposit qualifies for the claimed APY of 5.50%.
• Penalties for withdrawing funds before the end of the designated term may apply.
• Rate bump option: MACU offers a rate bump option, which allows you to increase the interest rate on your CD once during the term.

Pros:

• High-interest rates: NASAFCU offers some of the highest interest rates on savings accounts and CDs in the industry.
• High interest rates: NASA FCU offers some of the highest CD rates in the country. As of July 2023, their 9-month CD earns 5.65% APY, their 15-month CD earns 5.45% APY, and their 49-month CD earns 4.85% APY.
• Flexible terms: NASA FCU offers a variety of CD terms, so you can choose one that fits your needs.
• NASA Federal Credit Union is insured by the National Credit Union Administration (NCUA). This means that your deposits are insured up to $250,000 per depositor.
• Several kinds of financial services and products, such as loans, credit cards, checking, and savings accounts, are offered by the credit union.

Rules:

• The minimum deposit: The minimum deposit for a CD with NASA FCU varies depending on the term. For the 9-month CD, the minimum deposit is $10,000. For the 12-month CD, the minimum deposit is $1,000. And for the 60-month CD, the minimum deposit is $1,000.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the term ends.
• Term length: CD terms at NASAFCU range from 6 months to 60 months.
• Rates and terms subject to change without notice.
• Compounding: Interest on NASAFCU CDs compounds monthly.

Pros:

• High interest rates: BOW offers competitive interest rates on CDs.
• FDIC insured: All CDs at BOW are insured by the Federal Deposit Insurance Corporation (FDIC), up to $250,000 per depositor.
• Wide range of terms: BOW offers a wide range of terms for CDs, so you can find one that fits your needs.
• Easy to open an account: You can open a CD account online or at any BOW branch.
• Access to the account via mobile, online, and telephone

Rules:

• Early withdrawal penalty: There is an early withdrawal penalty for CDs at BOW. The penalty is 6 months’ interest if the CD is withdrawn before maturity.
• Term: The term of a CD at BOW can range from 7 months to 60 months.
• Relationship requirements: Some BMO Harris CDs offer higher interest rates if you have a relationship with the bank, such as having a checking or savings account.

Pros:

• High interest rates: Bethpage FCU offers some of the highest interest rates on certificates of deposit (CDs) among credit unions. For example, the 1-year CD currently earns 5.00% APY, while the 5-year CD earns 4.00% APY.
• Bethpage Federal Credit Union is insured by the National Credit Union Administration (NCUA). This means that your deposits are protected up to $250,000 per depositor, for each account ownership category, in the event of a credit union failure.
• Bethpage Federal Credit Union CDs offer an automatic renewal option. This means that your CD will automatically renew for another term at the same interest rate when the current the term ends.

Rules:

• Minimum deposit: The minimum deposit to open a CD at Bethpage FCU is $50.
• Term length: CD terms at Bethpage FCU range from 3 months to 60 months.
• Early withdrawal penalty: There is an early withdrawal penalty if you withdraw money from your CD before the term ends.

Pros:

• High-interest rates: PenFed Credit Union offers some of the highest interest rates on savings accounts and CDs in the industry.
• PenFed are federally insured by the NCUA (National Credit Union Administration)
• No monthly fees – no minimum balances
• Wide range of products and services: PenFed Credit Union offers a wide range of products and services, including checking accounts, savings accounts, CDs, loans, and credit cards.

Rules:

• The early withdrawal penalty fee is 180 days of interest if withdrawn before maturity.
• ATM fees: PenFed Credit Union does not have a nationwide ATM network, so you may incur ATM fees when using other ATMs.
• Fees for some services: There are fees for some services at PenFed Credit Union, such as overdraft protection and wire transfers.

Pros:

• FDIC insured:  Synchrony Bank  is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposits are insured up to $250,000.
• No minimum balance
• High-interest rates on savings accounts and CDs: Synchrony Bank offers some of the highest interest rates on savings accounts and CDs in the industry.
• The interest rate is compounded daily, so you earn interest on your interest.
• You can set up automatic transfers from your checking account to your CD.

Rules:

• Minimum deposit: The minimum deposit for a CD at Synchrony Bank is $0.
• Term length: CD terms at Synchrony Bank range from 3 months to 60 months.
• Early withdrawal penalty: There is a 90-day early withdrawal penalty if you withdraw your money before maturity.
• The interest rate is subject to change.

Pros:

• FDIC insured: First Republic Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposits are insured up to $250,000.
• High interest rates: First Republic Bank offers some of the highest CD rates in the market.
• No monthly maintenance fees
• Convenient online banking: First Republic Bank offers a convenient online banking platform that allows you to manage your CDs from anywhere.
• Personalized service: First Republic Bank is known for its personalized service. You will be assigned a personal banker who will help you find the right CD for your needs.

Rules:

• Term lengths: CDs are available in term lengths ranging from one month to five years.
• Early withdrawal penalties: He early withdrawal penalty is 90 days of interest if withdrawn before maturity

Pros:

• High interest rates: Citibank offers some of the highest interest rates on CDs, especially for longer terms. For example, the 5-year CD currently earns 3.25% APY for balances under $100,000 and 4.00% APY for balances of $100,000 or more.
• Flexible terms: Terms range from 3 months to 5 years, and there is also a No Penalty CD option.
• No fees: There are no fees to open or maintain a CD with Citibank.
• Convenient access: You can open a CD online or at any Citibank branch. You can also manage your CD account online or through the Citibank mobile app.

Rules:

• Minimum deposit: The minimum deposit for a Citibank CD varies depending on the term. For example, the minimum deposit for a 3-month CD is $1,000, while the minimum deposit for a 5-year CD is $2,500.
• Early withdrawal penalty: There is an early withdrawal penalty if you withdraw your money from a CD before the term matures. The penalty is typically 6 months of interest.
• IRA CDs: Citibank offers IRA CDs, which allow you to save for retirement in a tax-advantaged way. There are no early withdrawal penalties on IRA CDs.

Pros:

• High interest rates: Quontic Bank’s CDs offer some of the highest interest rates on the market. As of July 2023, Quontic Bank’s 1-year CD offers an APY of 5.30%, which is significantly higher than the national average of 1.59%.
• Flexible terms: Quontic Bank offers CDs with a variety of terms, so you can choose one that fits your needs. You can choose from terms of 6 months, 1 year, 2 years, 3 years, or 5 years.
• FDIC insured: Quontic Bank is FDIC insured, so your deposits are protected up to $250,000.
• Easy to open online: You can open a CD with Quontic Bank online in just a few minutes. This makes it a convenient option for people who want to open a CD without having to go to a bank branch.

Rules:

• Minimum deposit: The minimum deposit to open a CD with Quontic Bank is $500.
• Term length: CD terms range from 6 months to 5 years.
• No minimum balance requirement: Quontic Bank’s CDs have no minimum balance requirement, so you can start saving with as little as $500.
• Early withdrawal penalties: There is an early withdrawal penalty if you withdraw money from your CD before the maturity date. The penalty is equal to 3 months’ interest on the amount withdrawn.
• Quontic Bank offers online CD openings.

Pros:

• Federally Insured by: NCUA (National Credit Union Administration)
• High interest rates: Navy Federal Credit Union offers some of the highest CD interest rates.
• No monthly fees: There are no monthly fees for Navy Federal Credit Union CDs.
• Easy to open: You can open a Navy Federal Credit Union CD online or at any of their branch locations.
• The service portfolio of the credit union includes Business Services, Car Loans, Checking, Credit Cards, Home Equity, Investments, Mortgages, Personal Loans, Prepaid Cards, Savings & CDs, Student Loans, and more.

Rules:

• Minimum deposit: The minimum deposit for a Citibank CD varies depending on the term.
• Membership is confined to persons with military cooperation.
• Term length: The interest rate you earn on a Navy Federal Credit Union CD will vary depending on the term length. Longer term CDs typically offer higher interest rates.
• Early withdrawal penalties: The early withdrawal penalties for Navy Federal Credit Union CDs are relatively low. For example, the penalty for withdrawing from a 1-year CD before maturity is 6 months of interest.

Pros:

• FDIC insured:  Bank OZK  is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposits are insured up to $250,000.
• High interest rates on CDs: Bank OZK offers some of the highest interest rates on CDs in the market. For example, its 1-year CD currently has an APY of 5.50%.
• Wide range of account options: Bank OZK offers a variety of deposit accounts to meet the needs of different customers. This includes savings accounts, checking accounts, and CDs with terms ranging from 7 days to 5 years.
• Convenient online banking: Bank OZK offers a convenient online banking platform that allows customers to view their account balances, make transfers, and pay bills online.
• Good customer service: Bank OZK has a good reputation for customer service. Customers have praised the bank’s helpful and responsive staff.

Rules:

• Minimum deposit: The minimum deposit requirement for a Bank OZK CD varies depending on the term of the CD. For example, the minimum deposit for a 1-year CD is $1,000.
• Early withdrawal penalty: There is an early withdrawal penalty for CDs that are withdrawn before the maturity date.
• APY: The APY for a Bank OZK CD is variable and may change at any time.
• Fees: Bank OZK charges some fees for its deposit accounts, such as monthly service fees and overdraft fees. These fees can vary depending on the account type.

Pros:

• FDIC insured:  First Horizon Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposits are insured up to $250,000.
• Competitive interest rates. First Horizon Bank’s CD rates are competitive with other banks in the market.
• Easy to open and manage. You can open a CD online or at any First Horizon Bank branch. Once your CD is open, you can manage it online or through the First Horizon Bank mobile app.

Rules:

• Minimum balance requirements. There are minimum balance requirements for all First Horizon Bank CDs. The minimum balance requirement varies depending on the term of the CD.
• Early withdrawal penalties. There are early withdrawal penalties for all First Horizon Bank CDs. The penalty amount is typically a percentage of the interest earned on the CD.
• No-penalty CDs. First Horizon Bank offers a few no-penalty CDs. These CDs do not have an early withdrawal penalty, but they typically offer lower interest rates than other CDs.

Pros:

• High interest rates: BOW offers competitive interest rates on CDs.
• FDIC insured: All CDs at BOW are insured by the Federal Deposit Insurance Corporation (FDIC), up to $250,000 per depositor.
• Wide range of terms: BOW offers a wide range of terms for CDs, so you can find one that fits your needs.
• Easy to open an account: You can open a CD account online or at any BOW branch.

Rules:

• Term: The term of a CD at BOW can range from 7 months to 60 months.
• Early withdrawal penalty: There is an early withdrawal penalty for CDs at BOW. The penalty is 6 months’ interest if the CD is withdrawn before maturity.
• Relationship requirements: Some BMO Harris CDs offer higher interest rates if you have a relationship with the bank, such as having a checking or savings account.

Pros:

• FDIC insured: Synchrony Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposits are insured up to $250,000.
• High-interest rates on savings accounts and CDs: Synchrony Bank offers some of the highest interest rates on savings accounts and CDs in the industry.
• The interest rate is compounded daily, so you earn interest on your interest.
• You can set up automatic transfers from your checking account to your CD.
• Easy to open: You can open a Synchrony Bank CD online in just a few minutes.

Rules:

• Minimum deposit: The minimum deposit for a CD at Synchrony Bank is $0.
• Term length: CD terms at Synchrony Bank range from 3 months to 60 months.
• Early withdrawal penalty: There is a 90-day early withdrawal penalty if you withdraw your money before maturity.
• Minimum balance requirement: Some Synchrony Bank CDs have a minimum balance requirement. If you fall below the minimum balance, you may be charged a fee.
• The interest rate is subject to change.

Pros:

• FDIC insured: First Republic Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposits are insured up to $250,000.
• High interest rates: First Republic Bank offers some of the highest CD rates in the market.
• No monthly maintenance fees
• Convenient online banking: First Republic Bank offers a convenient online banking platform that allows you to manage your CDs from anywhere.
• Personalized service: First Republic Bank is known for its personalized service. You will be assigned a personal banker who will help you find the right CD for your needs.

Rules:

• Term lengths: CDs are available in term lengths ranging from one month to five years.
• Early withdrawal penalties: He early withdrawal penalty is 90 days of interest if withdrawn before maturity

Pros:

• High interest rates: Citibank offers some of the highest interest rates on CDs, especially for longer terms. For example, the 5-year CD currently earns 3.25% APY for balances under $100,000 and 4.00% APY for balances of $100,000 or more.
• Flexible terms: Terms range from 3 months to 5 years, and there is also a No Penalty CD option.
• No fees: There are no fees to open or maintain a CD with Citibank.
• Convenient access: You can open a CD online or at any Citibank branch. You can also manage your CD account online or through the Citibank mobile app.

Rules:

• Minimum deposit: The minimum deposit for a Citibank CD varies depending on the term. For example, the minimum deposit for a 3-month CD is $1,000, while the minimum deposit for a 5-year CD is $2,500.
• Early withdrawal penalty: There is an early withdrawal penalty if you withdraw your money from a CD before the term matures. The penalty is typically 6 months of interest.
• IRA CDs: Citibank offers IRA CDs, which allow you to save for retirement in a tax-advantaged way. There are no early withdrawal penalties on IRA CDs.

Pros:

• Federally Insured by: NCUA (National Credit Union Administration)
• High interest rates: Navy Federal Credit Union offers some of the highest CD interest rates.
• A large network of fee-free ATMs.
• No monthly fees: There are no monthly fees for Navy Federal Credit Union CDs.
• Early withdrawal penalties: The early withdrawal penalties for Navy Federal Credit Union CDs are relatively low. For example, the penalty for withdrawing from a 1-year CD before maturity is 6 months of interest.
• Easy to open: You can open a Navy Federal Credit Union CD online or at any of their branch locations.
• The service portfolio of the credit union includes Business Services, Car Loans, Checking, Credit Cards, Home Equity, Investments, Mortgages, Personal Loans, Prepaid Cards, Savings & CDs, Student Loans, and more.

Rules:

• Membership is confined to persons with military cooperation.
• Term length: The interest rate you earn on a Navy Federal Credit Union CD will vary depending on the term length. Longer term CDs typically offer higher interest rates.
• You cannot make withdrawals from your CD before maturity without incurring an early withdrawal penalty. The penalty will vary depending on the term of the CD.
• CDs are FDIC insured up to $250,000. This means that your money is safe in case the credit union fails.