Best CD Rates in Seattle, Washington
Vikram Singh

Bank or Credit Union Name: Bask Bank
Minimum Amount: $0
APY / Rate: 4.00%
Pros:
- Excellent customer support
- Leading 6-month interest rate across the nation
- FDIC insurance with max coverage
- CD terms available from 6 months to 24 months
Rules:
- Both online and at-branch CD opening options are available
- The account becomes functional after $1000 is deposited within 10 days
- Terms can be altered within 10 days grace period at maturity
- Interest is added to the account monthly which can be withdrawn without penalty

Bank or Credit Union Name: HSBC Bank USA, National Association
Minimum Amount: $1000
APY / Rate: 3.50%
Pros:
- CDs for all existing HSBC Premier customers
- 6, 12, and 24 months CD options available
- Online account opening facility
- $0 Liability Online, Guarantee from bank
- FDIC-insured to the max
Rules:
- CD starts earning interest immediately after funding
- Daily compounding of interest with account credit at the end of the month
- The CD term can be altered or more funds can be added to it during the grace period after maturity

Bank or Credit Union Name: Merrick Bank
Minimum Amount: $25000
APY / Rate: 4.40%
Pros:
- Top-tier APY on CD
- 24/7 access to the account through online banking
- CD options ranging from 3 to 6 months
- FDIC-insured banking
Rules:
- CD can be booked in the name of one person or joint accounts in the names of more than one person
- Truth-in-Savings disclosure with detailed information about the CD is shared with the customer
- Interest is accrued and credited to the account monthly.
Best 12-Month CD Rates

Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000
APY / Rate: 4.59%
Pros:
- Low early withdrawal penalty
- 3 months to 5 years CD option available
- Premium APY rate on CDs
- FDIC insured banking
Rules:
- CD earns compounded interest on a monthly basis
- The interest is added to the account at the month’s end
- Premature withdrawal of funds or termination of CD is penalized.
- The penalty amount depends on the term and funds invested;
- 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: Bread Savings
Minimum Amount: $1500
APY / Rate: 4.50%
Pros:
- Quick and hassle-free account opening process
- Top-tier APY with different CD terms
- $1 million deposit limit per account
- $10 million deposit limit per customer
Rules:
- CD earns daily interest on a compounding basis
- The interest is added to the account at the end of the month
- Any changes to the term can be only made post maturity; during the 10-day grace period

Bank or Credit Union Name: BMO Harris
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- Reasonable minimum balance obligation
- FDIC-Insured banking options
- Excellent customer support
- Online and at-branch banking options are available
Rules:
- CDs can be opened online or by contacting the branch in person or telephonically
- Interest is compounded monthly and credited to the account every month
- On maturity, during the 10 days grace period, an investor can alter the CD term to renew
- CD gets auto-renewed after 10 days post maturity
- The final amount is transferred to a BMO Harris account or paid via check
Best 2-Year CD Rates

Bank or Credit Union Name: HSBC Direct
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- Competitive APY on a 2-year CD
- Hasslefree account opening with excellent customer support
- $0 Liability Online Coverage
- Daily compounding of interest
Rules:
- Investors can open a website through the bank’s website.
- Interest is compounded daily and credited to the account every month
- The CD makes interest as soon as funds are added to the account
- The grace period at maturity allows alteration in CD terms. Investors can consume the CD or add more money and renew

Bank or Credit Union Name: Popular Direct
Minimum Amount: $10000
APY / Rate: 4.50%
Pros:
- Best-in-class APY rates
- No maintenance charges or monthly fees
- Internet banking and personal banking option
- FDIC-Insured banking to the maximum permitted by law
Rules:
- The CD earns daily interest, compounded monthly and added to the account at month’s end
- Premature withdrawal from CD has been penalized with an amount equal to 90-days simple interest for a CD less than 12 months and 180-days simple interest for CD more than 12 months

Bank or Credit Union Name: Sallie Mae
Minimum Amount: $2500
APY / Rate: 4.50%
Pros:
- CD terms available from 6-months to 5 years
- CDs get auto-renewed after the grace period
- No hidden charges or monthly fee
- FDIC-insured banking
Rules:
- The bank offers monthly, quarterly, yearly, or at-maturity interest disbursement choice
- 90 days simple interest is charged as a penalty for early withdrawal of a CD with a term less than 12 months, the penalty is 180-days interest in case of a CD with a term of more than 12 months
- Any changes to the CD term and funds can be done during the grace period only
Best 3-Year CD Rates

Bank or Credit Union Name: Popular Direct
Minimum Amount: $10000
APY / Rate: 4.55%
Pros:
- Best APY for 3 years CD term
- Easy access to the account
- Excellent customer support
- No maintenance or hidden charges
- FDIC-insured investment option
Rules:
- The guaranteed APY can be earned only when the amount and earned interest remain in the account till maturity
- Monthly compounding of interest with transfers during month end
- There is a penalty for withdrawing the funds from the CD before maturity
- The grace period post maturity allows the investor to make any changes to the term, add more amount and renew the CD

Bank or Credit Union Name: Alliant Credit Union
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- No limit on the maximum deposit amount
- 12 months to 60 months CD options available
- NCUA-insured Credit union
- Dividends can be withdrawn without penalty
Rules:
- The CDs are booked online only.
- Dividends to the CD are added to the account every month, preferably on the last day of the month.
- A penalty is charged on premature withdrawal of CD

Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000
APY / Rate: 4.44%
Pros:
- Best rate of interest
- 3-month to 5 years CD terms available
- FDIC-insured investment
- Robust customer support system
Rules:
- CD can be booked online exclusively
- Monthly compounding interest is 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
Best 5-Year CD Rates

Bank or Credit Union Name: Bread Savings
Minimum Amount: $1500
APY / Rate: 4.75%
Pros:
- Highest 5-year CD rate in Seattle
- Quick and hassle-free account opening
- $1 million maximum investment per account
- $10 million maximum investment per customer
Rules:
- Interest accrued and compounded daily and credited to the account at month’s end
- At maturity, the CD gets auto-renewed after a grace period of 10 days
- The investor can add more funds to the CD or change the terms during the grace period
- There is a penalty charged on early withdrawal

Bank or Credit Union Name: CFG Bank
Minimum Amount: $1500
APY / Rate: 4.60%
Pros:
- Highest APY with lowest minimum amount requirement
- FDIC insured investment
- Strong customer services
Rules:
- CD earns APY only on successful completion
- There is an early withdrawal penalty provision.
- Interest is compounded monthly and credited to the account at every month’s end.

Bank or Credit Union Name: Quontic Bank
Minimum Amount: $500
APY / Rate: 4.75%
Pros:
- Low minimum amount slab to invest
- Hassle-free and quick account opening
- FDIC insured
- One among the top 6 rates in the country
Rules:
- Interest on CD is compounded daily and added to the account at every month’s end.
- The daily balance method is used to calculate interest.
- A penalty is imposed on early withdrawal of the CD.