Best CD Rates in Madison, Wisconsin

Pros:

• High interest rates: Western Alliance Bank typically offers some of the highest interest rates on CDs in the market.
• No monthly fees: There are no monthly fees for any of Western Alliance Bank’s CDs.
• Flexible terms: Western Alliance Bank offers CDs with terms ranging from 3 months to 5 years, so you can choose the term that best fits your needs.
• Easy to open: You can open a CD with Western Alliance Bank online or by phone.
• Different customer service options available.

Rules:

• Minimum deposit: The minimum deposit to open a CD with Western Alliance Bank varies by term.
• 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 The penalty is equal to 3 months’ interest on the amount withdrawn.
• Direct deposit: If you set up direct deposit for your paycheck or other regular income, you’ll earn a higher interest rate on your CD.

Pros:

• High interest rates: OceanFirst Bank’s CD rates are competitive with other banks. For example, the bank’s 13-month CD currently offers a promotional rate of 5.15% APY, which is higher than the national average for 1-year CDs.
• FDIC coverage: FDIC insurance covers up to $250,000 per depositor per FDIC-insured bank.
• Easy online access: OceanFirst Bank’s online banking platform is easy to use and provides customers with 24/7 access to their accounts.
• The bank has a customer satisfaction rating of 4.3 out of 5 stars on Bankrate.com.

Rules:

• Minimum deposit: The minimum deposit for a CD at OceanFirst Bank is $10,000.
• Flexible terms: OceanFirst Bank offers CDs with a variety of terms, so you can choose one that fits your needs. Terms range from 6 months to 7 years.
• CD is automatically renewed for a 6-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials
• You must maintain the minimum balance requirement for the CD term in order to earn the advertised interest rate.
• If you withdraw funds from your CD before the maturity date, you may be subject to an early withdrawal penalty.
• Fees: There are no fees to open or maintain a CD at OceanFirst Bank. However, fees may reduce earnings.

Pros:

• High interest rates
• insured by the FDIC
• No monthly fees
• Free ATM use
• Personalized service

Rules:

• Term length: The term length for a CD at Freedom Bank ranges from 7 days to 5 years.
• Early withdrawal penalty: There is an early withdrawal penalty if you withdraw money from your CD before the term ends. The penalty is 60 days’ interest on the amount withdrawn.
• The minimum deposit amount for a CD varies depending on the term. For example, the minimum deposit for a 1-month CD is $500, while the minimum deposit for a 5-year CD is $5,000.

Pros:

• High interest rates: First Internet Bank offers some of the highest CD rates in the industry. As of July 2023, their highest APY for a 1-year CD is 5.35%.
• Low minimum deposit: The minimum deposit to open a CD with First Internet Bank is just $1,000.
• No monthly maintenance fees: First Internet Bank’s CDs do not have any monthly maintenance fees. This means that you can keep your money in a CD without having to worry about paying any extra fees.
• FDIC insured: First Internet Bank is FDIC insured, which means that your money is protected up to $250,000.
• Free overdraft protection: First Internet Bank offers free overdraft protection, which allows you to overdraft your account up to $200 without being charged a fee.

Rules:

• Minimum deposit: The minimum deposit to open a CD with First Internet Bank is $1,000.
• Term length: CD terms range from 3 months to 5 years.
• Early withdrawal penalty: There is an early withdrawal penalty if you withdraw money from your CD before the term ends. The penalty is 180 days’ interest on the amount withdrawn.
• Compounding: Interest on First Internet Bank CDs compounds monthly. This means that your interest earnings are added to your account balance each month, and then you earn interest on the interest.
• First Internet Bank does not issue monthly or annual statements for CD accounts.

Pros:

• Insured BY NCUA
• CDs: Garden Savings offers CDs with terms ranging from 3 months to 60 months. The APYs on CDs are also competitive, and there are no early withdrawal penalties.
• Free e-statements: The credit union offers free e-statements, which can help you save money on paper statements.
• Good customer service: The credit union has a reputation for good customer service.
• 5,000 shared branches

Rules:

• $1,000 minimum opening deposit of new money from outside insitutions only.
• There is a 180-day early withdrawal penalty if you withdraw your money before maturity.
• Special Share Certificate Terms have additional conditions and terms such as dividends compound and are credited monthly.
• Will automatically renew to a reduced term of a month less than originally opened.
• Rates subject to change daily
• All rate offers subject to change without notice. Garden Savings reserves the right to discontinue promotional rates without notice.

Pros:

• Competitive interest rates: Crescent Bank’s CDs offer some of the highest interest rates in the market.
• FDIC insured: Your deposits are FDIC insured up to $250,000 per depositor. This means that your money is safe even if the bank fails.
• Wide range of terms : Crescent Bank also has strong CD rates for 18-month, 2-year, 30-month, 3-year, 4-year, and 5-year terms.
• Easy to open an account : Crescent Bank is a financial institution with branches in New Orleans, Metairie, and Mandeville, Louisiana. You can also open online CDs nationwide.

Rules:

• You must meet the minimum opening deposit requirement. This requirement varies depending on the term of the CD. For example, To open an online CD at Crescent Bank, you’ll need to deposit $1,000 or more in new money.
• early withdrawal penalty: Crescent Bank, the early withdrawal penalty for a 12-month online CD is 90 days of interest.
• You must maintain the minimum balance throughout the term of the CD. If your balance falls below the minimum, you may be charged a fee.

Pros:

• High interest rates: USAlliance Financial offers competitive interest rates on its CDs.
• No early withdrawal penalty: USAlliance Financial does not charge an early withdrawal penalty on its CDs, so you can access your money if you need it without penalty.
• USALLIANCE Financial is a federally insured credit union, which means that your deposits are insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor.
• Easy to open: You can open a CD with USAlliance Financial online or in person. The process is quick and easy.

Rules:

• Minimum deposit: For a 3-month CD, the minimum deposit is $500, also for a 60-month CD, the minimum deposit is $500.
• Term: USALLIANCE Financial offers CDs with terms ranging from 3 months to 60 months.
• Automatic renewal: You must sign up for automatic renewal of your CD.
• Early withdrawal penalty: There is no early withdrawal penalty on CDs with USAlliance Financial.

Pros:

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules:

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount : Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

Pros:

• High interest rates. Idabel National Bank’s CDs offer some of the highest interest rates in the market. For example, their 24-month CD currently has an APY of 4.85%, which is significantly higher than the national average.
• FDIC insured. All CDs at Idabel National Bank are FDIC insured, up to $250,000 per depositor.
• Access: You can access your CD funds through online banking, ATMs, or by writing a check.
• Convenience: One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

Rules:

• Minimum Opening Deposit: The minimum deposit for a CD at Idabel National Bank is $1.00
• Term length. CD terms range from 30 days to 5 years.
• Early withdrawal penalties. There is an early withdrawal penalty if you withdraw funds from your CD before maturity. The penalty is equal to 30 days’ interest.
• At maturity, your CD will automatically renew and earn the base interest rate.

Pros:

• Competitive interest rates: Discover Bank CDs offer competitive interest rates compared to other banks. For example, as of July 2023, Discover Bank’s 1-year CD has an APY of 4.85%, while the national average APY for a 1-year CD is 2.50%.
• No monthly fees: Discover Bank CDs do not have any monthly fees.
• FDIC insured: Discover Bank is FDIC insured, so your money is protected up to $250,000.
• Easy to open: You can open a Discover CD online in just a few minutes. You’ll need to provide some basic information, such as your name, address, and Social Security number.

Rules:

• Minimum deposit: There’s a $2,500 minimum deposit requirement to open a CD with Discover.
• Flexible terms: Discover Bank offers 12 certificate of deposit (CD) terms, ranging from three months to 10 years.
• Early withdrawal penalty: The penalty for an early withdrawal depends on the length of the term of your CD. For terms of less than one year, the penalty is three months of simple interest. For terms between one and four years, the penalty is six months of simple interest.

Pros:

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules:

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount : Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

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:

• High interest rates: Summit Credit Union offers some of the highest CD rates in the industry. As of July 2023, their 13-month CD has an APY of 5.15%, and their 22-month CD has an APY of 5.25%.
• Flexible terms: Summit Credit Union offers CDs with terms ranging from 6 months to 60 months. This gives you the flexibility to choose a term that fits your financial goals.
• Insured by NCUA
• Convenient online banking: Summit Credit Union offers convenient online banking, so you can manage your CD account from anywhere.

Rules:

• Minimum deposit: The minimum deposit for a CD at Summit Credit Union is $500.
• Term length: The term length for a CD at Summit Credit Union ranges from 6 months to 60 months.
• Early withdrawal penalty: There is no early withdrawal penalty on CDs at Summit Credit Union.
• APY: The APY for a CD at Summit Credit Union varies depending on the term length. As of July 2023, their 13-month CD has an APY of 5.15%, and their 22-month CD has an APY of 5.25%.

Pros:

• Competitive interest rates: Discover Bank CDs offer competitive interest rates compared to other banks. For example, as of July 2023, Discover Bank’s 1-year CD has an APY of 4.75%, while the national average APY for a 1-year CD is 2.50%.
• No monthly fees: Discover Bank CDs do not have any monthly fees.
• FDIC insured: Discover Bank is FDIC insured, so your money is protected up to $250,000.

Rules:

• Minimum deposit: There’s a $2,500 minimum deposit requirement to open a CD with Discover.
• Flexible terms: Discover Bank offers 12 certificate of deposit (CD) terms, ranging from three months to 10 years.
• Early withdrawal penalty: The penalty for an early withdrawal depends on the length of the term of your CD. For terms of less than one year, the penalty is three months of simple interest. For terms between one and four years, the penalty is six months of simple interest.

Pros:

• High APYs: Bread Savings offers competitive APYs on both its savings accounts and CDs. The current APY for the high-yield savings account is 4.90%, and the APY for CDs ranges from 5.00% to 4.35%.
• FDIC insured: Bread Savings is FDIC insured, so your deposits are protected up to $250,000.
• Minimal fees: Bread Savings has no monthly maintenance fees for either its savings accounts or CDs. There are also no fees for ACH transfers, online statements, or incoming wire transfers.
• Easy to use: Bread Savings’ website and mobile app are easy to use. You can easily open an account, deposit money, and transfer funds.

Rules:

• Minimum deposit: The minimum deposit to open a CD is $1500.
• APY: APYs vary depending on the term length. For example, the APY for a 12-month CD is 5.00%, while the APY for a 60-month CD is 4.35%.
• Deposit Amount : Maximum deposit limit of $1 million per account and $10 million limit per customer
• Term lengths: CD terms range from 12 months to 60 months.
• Early withdrawal penalties: There are early withdrawal penalties for CDs at Bread Savings.
• CD is automatically renewed for a 1,2, and 3 year Certificate of Deposit (CD).

Pros:

• High interest rates: Quontic’s CDs offer some of the highest interest rates on the market. For example, as of July 2023, Quontic’s 1-year CD is currently offering an APY of 5.30%.
• FDIC insured
• 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.
• No minimum balance requirement: There is no minimum balance requirement to open a CD with Quontic Bank.
• 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.

Pros:

• High interest rates: Marcus offers some of the highest interest rates on CDs available. As of July 20, 2023, the Marcus 2-year High-Yield CD rate is 4.35%.
• Easy to open and use: Marcus accounts can be opened online in just a few minutes. There are no minimum balance requirements or fees to worry about.
• Convenient access: You can access your Marcus account 24/7 online or through the Marcus mobile app. You can also set up automatic transfers from your checking account to your Marcus account.
• Safe and secure: Marcus accounts are FDIC insured up to $250,000.

Rules:

• You must deposit at least $500 to open a CD account.
• The interest rate you earn will depend on the term of your CD.
• If you withdraw your money before the maturity date, you will be subject to an early withdrawal penalty.
• You can earn the highest published interest rate and Annual Percentage Yield (APY) if you deposit at least $500 within 10 days of opening your CD account.
• The interest rates are subject to change at any time.

Pros:

• High interest rates. Synchrony Bank CDs offer some of the highest interest rates on the market, especially on longer-term CDs. For example, as of July 2023, the APY for a 5-year CD is 4.00%.
• No minimum deposit requirement. You can open a Synchrony Bank CD with no minimum deposit, making them a good option for people who don’t have a lot of money to save.
• FDIC insured
• Interest is compounded daily and is credited monthly.

Rules:

• Minimum deposit: Synchrony Bank CDs come with no minimum deposit requirement.
• Term lengths: Synchrony Bank offers 14 certificates of deposit (CDs), ranging from three months to 60 months.
• There is a penalty for early withdrawal. If you withdraw money from your CD before the term ends, you will be charged a penalty. Early withdrawal penalties range from 90 days of interest to 365 days of interest, depending on your CD term.
• Synchrony customers have a 10-day grace period to choose other options, like adding or withdrawing funds, changing your CD term or closing your CD account.