Finding the best CD rates in your area doesn’t have to be a hassle. We’re here to help, with our list of the best CD rates in Washington.

Click here to find the best banks in Washington.

Best 6-Month CD Rates in Washington

4.0
Our Rating

Bank or Credit Union Name: First Technology Federal Credit Union

Minimum Amount: $500

APY Rate: 2.30% APY

Pros:

  • NCUA insured
  • Less risky investment
  • Free Online and Mobile Banking

Rules:

  • Share Certificate Account will automatically renew upon the Maturity Date
  • Need to instruct us prior to the expiration of ten days grace period to renew or close the Share Certificate Account
  • Reserve the right to change the terms without notice
4.0
Our Rating

Bank or Credit Union Name: Wings Financial

Minimum Amount: $500.00

APY Rate: 1.10% APY

Pros:

  • Pay high-interest rates
  • No monthly charges
  • Easy to become a member of the credit union

Rules:

  • Membership required
  • Penalty for early withdrawal
  • Insured by NCUA
  • Quarterly compounding for amounts less than $100,000
  • Monthly compounding for amounts of $100,000
4.0
Our Rating

Bank or Credit Union Name: Kitsap Bank

Minimum Amount: $500.00

APY Rate: 0.50% APY

Pros:

  • No annual fee.
  • Multiple credit card perks.
  • Extended warranty on purchases.
  • Travel accident insurance.

Rules:

  • Interest Crediting quarterly
  • Penalty charged for any early withdrawal or redemption.
4.0
Our Rating

Bank or Credit Union Name: Tapco Credit Union

Minimum Amount: $1000.00

APY Rate: 0.50% APY

Pros:

  • Support several local community
  •  Access money—24/7 through mobile, online, and 30,000 ATMs

Rules:

  • Interest rates are subject to change without notice.
  • A penalty may or will be imposed for early withdrawal
  • Insured by NCUA.
  • Equal Housing Opportunity.
4.0
Our Rating

Bank or Credit Union Name: Farmers Insurance Group

Minimum Amount: $1000

APY Rate: 2.00% APY

Pros:

  • No checking account is required
  • Competitive discounts on their financial products, especially on auto insurance.

Rules:

  • 10 days after maturity to withdraw funds without a penalty.
  • Offer is subject to cancellation without notice.
  • The penalty is 3 months of interest on the principal withdrawn prior to maturity.
  •  Account will automatically renew at the Simple 6 CD rate

Best 12-Month CD Rates in Washington

4.0
Our Rating

Bank or Credit Union Name: Lafayette State Bank

Minimum Amount: $500

APY Rate: 3.80% APY

Pros:

  • The minimum balance required is low.
  • All CD terms have competitive rates.
  • Online and mobile banking are both free.
  • The NCUA will insure you up to the maximum authorized by law.

Rules:

4.0
Our Rating

Bank or Credit Union Name: Wings Financial

Minimum Amount: $500

APY Rate: 1.51% APY

Pros:

  • No monthly service fees
  • Pays high-interest rates on accounts
  • Easy to become a member of a credit union and bank online

Rules:

  • Interest compounded monthly or quarterly
  • Penalties apply for early withdrawals from certificate accounts.
4.0
Our Rating

Bank or Credit Union Name: Blue FCU

Minimum Amount: $0

APY Rate: 4.60% APY

Pros:

  • No monthly fee, ATM charges & minimum deposit needed
  • Pay bills to anyone through the United States
  •  Offers an annual percentage yield of up to 2%

Rules:

  • Limit one per social security number.
  • A minimum daily balance of $25.00 is required to earn dividends.
  • The rate changes once the balance exceeds $5,000.
  • Dividends are compounded daily and paid quarterly.
4.0
Our Rating

Bank or Credit Union Name: First National Bank of America

Minimum Amount: $1000

APY Rate: 4.40% APY

Pros:

  • Competitive APYs on online CDs and high-yield savings accounts
  • Fee-free access to 55,000 all ATM networks.
  • Digital banking access online and via an app

Rules:

  • Interest rates and APYs are subject to change without notice.
  • Early withdrawal will reduce earnings and impose the penalty
  • APY on all services will remain deposited until maturity.

Best 2-Year CD Rates in Washington

4.0
Our Rating

Bank or Credit Union Name: Lafayette State Bank

Minimum Amount: $500

APY Rate: 4.11% APY

Pros:

  • The minimum balance required is low.
  • All CD terms have competitive rates.
  • Online and mobile banking are both free.

Rules:

  • Federally Insured by NCUA
  •  Certificates will automatically renew upon maturity
  • Early withdrawal penalties may apply.
4.0
Our Rating

Bank or Credit Union Name: Wings Financial

Minimum Amount: $500

APY Rate: 1.66% APY

Pros:

  • No monthly service fees
  • Pays high-interest rates on accounts
  • Easy to become a member of a credit union and bank online

Rules:

  • Interest compounded monthly or quarterly
  • Membership with a $5 Share Account required.
  • Rates are subject to change.
  • Penalties apply for early withdrawals from certificate accounts.
4.0
Our Rating

Bank or Credit Union Name: Navy Federal Credit Union

Minimum Amount: $1000

APY Rate: 3.95% APY

Pros:

  • Certificates at competitive prices
  • Most savings and checking accounts have no monthly fees.
  • A large network of fee-free ATMs

Rules:

  • Five CD options available through Navy Federal
  • Standard certificate rates are based on both term length and balance amount.
4.0
Our Rating

Bank or Credit Union Name: Skyla Credit Union

Minimum Amount: $500.00

APY Rate: 4.50% APY

Pros:

Rules:

  • The dividend is compounded and credited on a monthly basis
  • Complete the term to avoid penalties

Best 3-Year CD Rates in Washington

4.0
Our Rating

Bank or Credit Union Name: Alliant Credit Union

Minimum Amount: $1000

APY Rate: 4.50% APY

Pros:

  • Funds are insured up to $250,000 by NCUA
  • Low minimum deposit of only $1,000; no maximum
  • Great dividend rates

Rules:

  • Dividends compounded every month and at maturity.
  • Incur an early withdrawal penalty
4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY Rate: 4.50% APY

Pros:

  • Excellent for earning a competitive interest rate
  • Without monthly services.
  • Free domestic incoming wire transfers on savings account
  • Interest Accrued and compounded daily & Credited and posted monthly

Rules:

  • APYs are subject to change at any time without notice
  • The penalty will be applied for early withdrawals on CDs
  • At maturity, your CD will automatically renew and earn the base interest rate
4.0
Our Rating

Bank or Credit Union Name: Sallie Mae Bank

Minimum Amount: $2500

APY Rate: 4.50% APY

Pros:

  • No monthly fee
  • Higher APY on CDs
  • No minimum opening deposits on savings and money market accounts

Rules:

  • Interest disbursements are available monthly, quarterly, annually or at maturity.
  • Customers face fines if they remove monies before the maturity date.
4.0
Our Rating

Bank or Credit Union Name: Barclays

Minimum Amount: $0.00

APY Rate: 4.15% APY

Pros:

  • Easy fund transfer
  • No minimum balance
  • No monthly fees

Rules:

  • Fund the account within 14 days of opening to make it functional
  • To earn interest ensure $0.01 at all times
4.0
Our Rating

Bank or Credit Union Name: First National Bank of America

Minimum Amount: $1,000.00

APY Rate: 4.40% APY

Pros:

  • High APY and interest rates
  • Easy account opening procedure
  • FDIC insured
  • BBB accredited business

Rules:

  • You must maintain a minimum balance of $1000 to earn APY
  • Interest is added to the account every end of month

Best 5-Year CD Rates in Washington

4.0
Our Rating

Bank or Credit Union Name: Capital One

Minimum Amount: $0

APY Rate: 4.25% APY

Pros:

  • No market risk.
  • Easy to open.
  • FDIC insured investment
  • No minimum balance.

Rules:

  • CD rates are fixed upon opening the account.
  • interest that is accrued daily but paid and compounded monthly
  • Actual earnings may vary.
4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY Rate: 4.35% APY

Pros:

  • No monthly fees on savings account
  • Competitive rates on savings and CDs
  • Access your account 24/7 from desktop or mobile.
  • All deposits are FDIC insured.

Rules:

  • Penalty is 730 days of simple interest
  • Interest earned may vary
  • fees may reduce the aggregate balance on the account.
  • minimum deposit of $10,000 is required for all CDs.
4.0
Our Rating

Bank or Credit Union Name: Ally Bank

Minimum Amount: $0

APY Rate: 4.10% APY

Pros:

  • Easy to access bank services anytime, anywhere with the Ally Mobile app.
  • Your money is secured by FDIC.
  • No monthly maintenance fees.

Rules:

  • Get the best rate for your CD term
  • Ally Ten Day Best Rate Guarantee
  • Money grows with interest compounded daily.
4.0
Our Rating

Bank or Credit Union Name: PenFed Credit Union

Minimum Amount: $1000

APY Rate: 3.90% APY

Pros:

  • High-yield checking account with simple monthly fee waivers
  • Online savings account with a high dividend yield
  • Opening checking and savings accounts require a low minimum deposit.

Rules:

  • Dividends are calculated using simple interest.
  • Monthly dividends are paid on CD rates.
  • Restricted to those with close ties to the military and the federal government
4.0
Our Rating

Bank or Credit Union Name: Synchrony Bank

Minimum Amount: $0

APY Rate: 4.30% APY

Pros:

  • You can earn a high yield rate.
  • Safe CDs with low-risk involvement.

Rules:

  • The grace period for penalty-free withdrawals after maturity is 10 days
  • Deposit accounts are insured up to $250,000 per ownership category.
  • Earnings are compounded daily
  • Also no penalty on premature withdrawals.