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High-Yield Certificate of Deposit
Our top-of-market rates, multiple high-yield CD term options, and predictable savings interest will help secure your financial future.
CD Account Benefits
Unlike today's stock market, your savings always earn interest and can never lose value.
- Reliable growth
- Automatic renewal
- Guaranteed rate of return
- FDIC Insured 2
The APYs we promise never fluctuate during your CD term1. CD deposits are government insured, so your money is safe with us.2
Online-only high-yield rates. The costs we save by operating exclusively online, we pass along to our clients.
Choose the best high-yield CD rate and term that is right for you.
Our Best CD Rates:
3-month online CD
Interest Rate1: 4.60%
6-month online CD
Interest Rate1: 4.60%
12-month online CD
Interest Rate1: 4.40%
24-month online CD
Interest Rate1: 3.92%
%
APY1
36-month online CD
Interest Rate1: 3.50%
3.56
%
APY1
60-month online CD
Interest Rate1: 3.44%
3.50
%
APY1
Open an Account Online Now
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Click Below
Begin your fast and secure application by choosing the CD term.
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Add Your Information
Enter your name, address, date of birth, social security number and valid state-issued ID or U.S. passport.
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Transfer Your Funds
Link an online account or simply mail us a check.
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Questions?
we're here to help answer any questions you may have
Call Us: (888) 682-2881
Monday - Friday
8:30 am to 5:00 pm ET
(Closed on weekends and Federal Holidays)
Learn More: Visit our Frequently Asked Questions
Frequently Asked Questions
What is a certificate of deposit?
A Certificate of deposit (CD) is a savings account held over a specified time period or term. After you add money to your account, the term begins, and you start earning interest. By agreeing to leave your money in the CD for the full term, you benefit from fixed rates that are typically higher than a traditional savings account. Our CD terms last from 3 months to 5 years.
What is the difference between a CD and a savings account?
With CDs, you leave your savings untouched for a specific time period to earn at a fixed interest rate. Savings accounts allow you to regularly access your funds and require no commitment; however, they have lower interest rates than CDs and rates fluctuate.
Are there any fees to open and maintain my account?
Total Bank CD accounts are free to open and maintain without monthly service fees. For a list of miscellaneous Service Charges like wire transfers, please see our Disclosures & Schedule of Fees.
Is there a penalty for early withdrawal from CD accounts?
The penalty depends on your term. A penalty is imposed for early withdrawal. Please see the Deposit Agreement for details.
Any withdrawal prior to the maturity date is subject to penalty based on the term of the CD. All penalties are calculated based on a 12-month year of 360 days.
CDs purchased or renewed on or after MM/D/YR, the penalty depends on your term
Term Penalty
30 days to 6 months 30 days of compounded interest earned
6 months to 1 year 90 days of compounded interest earned
More than 1 year 180 days of compounded interest earned
What happens to my CD account after it matures?
When your CD’s term ends you will have 10 calendar days to make changes to your account before it automatically renews. During this grace period you can:
Change the term
Add additional funds3
Perform a partial withdrawal
Change the interest payment method
Close your CD.
If you do not contact us before the end of the 10-day grace period, your CD will automatically renew. The term will be the same as your original term and the rate may be adjusted to what we currently offer, as of the maturity date. The renewal term will begin on the day after the previous CD term’s end. A confirmation will be sent to you verifying the renewal terms.
Can I add additional funds to a CD once it has been opened?
No additional deposits are permitted after a client funds an account.
Footnotes:
- 1The advertised interest rates and Annual Percentage Yields (APY) are effective as of December 2nd, 2024 and are subject to change daily without notice. A $25,000 minimum deposit is required to open an account and in order to earn the advertised APY. The maximum amount allowed per client is $1,000,000. A penalty fee may be imposed for early withdrawal of CDs. Fees could reduce the earnings on your CD account, please refer to the most current Rate and Disclosure & Schedule of Fees for TotalBank Accounts for more details.
- 2The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposits held in different ownership categories are separately insured, up to at least $250,000, even if held at the same bank.
- A penalty fee may be imposed for early withdrawal of CDs. Fees could reduce the earnings on your CD account, please refer to the most current Rate and Disclosure & Schedule of Fees for TotalBank Accounts for more details.
- 3 The only way to add additional funds is to perform an internal transfer from your existing Money Market or CD TotalBank accounts.
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