Best CD Rates in Washington
Vikram Singh

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

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

Bank or Credit Union Name: Kitsap
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.

Bank or Credit Union Name: Tapco
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.

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- The penalty is 3 months of interest on the principal withdrawn prior to maturity.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

Bank or Credit Union Name: Lafayette
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:

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.

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.

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

Bank or Credit Union Name: Lafayette
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.

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.

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.

Bank or Credit Union Name: Skyla Credit Union
Minimum Amount: $500.00
APY Rate: 4.50% APY
Pros:
- Low minimum balance requirement
- Insured up to $500,000 by National Credit Union Administration (NCUA) and Excess Share Insurance Corporation (ESI)
- No monthly fees
Rules:
- The dividend is compounded and credited on a monthly basis
- Complete the term to avoid penalties
Best 3-Year CD Rates

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

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

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.

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

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

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.

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.

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.

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

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.