Compare The Fidelity Bank CD Rates With 427 Banks (May 2023) (2024)

Compare The Fidelity Bank CD Rates With 427 Banks (May 2023) (1)

Shawn Plummer

CEO, The Annuity Expert

The Fidelity Bank provides money-saving products, including competitive CD rates, checking accounts, and savings accounts. This guide will compare The Fidelity Bank interest rates to CD rates from the USA’s top banks.

Table Of Contents

  1. Compare The Fidelity Bank CD Rates With Other Banks
  2. Popular CD Rates Today
  3. Next Steps
  4. Earn The Highest Interest Rates On Savings Today
  5. Request A Quote

Earn The Highest Interest Rates On Savings Today

Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

TermInsurance CompanyAPY
N/AGreenState Credit Union Savings Account5.01%
N/APonce Bank5.01%
12 MonthsBread Savings CD5.20%
27 MonthsSallie Mae CD5.15%
48 MonthsAmerico Fixed Annuity5.05%
5 YearsAmerico Fixed Annuity5.25%
10 YearsAmerican National5.45%

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this article.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings ranging from 3 months to 10 years, all in one place.

Compare The Fidelity Bank CD Rates With Other Banks

Compare CD Rates From 423 Banks And Credit Unions

Find the highest interest rates for your savings from 3 months to 5 years.

Popular CD Rates Today

3-Month CD Rates

The following banks and credit unions have the highest CD rates for three months.

Best 3-Month CD RatesRateTermMinimum
Synchrony Bank2.25% APY3 Months$0.00
Popular Direct4.10% APY3 Months$10,000.00
TIAA Bank4.00% APY3 Months$1,000.00
TotalDirect Bank4.00% APY3 Months$25,000.00
Ally2.00% APY3 Months$0.00
Bethpage Federal Credit Union2.25% APY3 Months$50.00
Teachers Federal Credit Union4.50% APY3 Months$1,000.00

6-Month CD Rates

The following banks and credit unions have the highest CD rates for six months.

Best 6-Month CD RatesRateTermMinimum
CommunityWide FCU4.50% APY6 Months$1.000.00
PenFed Credit Union2.70% APY6 Months$1,000.00
Synchrony Bank4.25% APY6 Months$0.01
Popular Direct4.75% APY6 Months$10,000.00
First Internet Bank4.52% APY6 Months$1,000.00
Quontic Bank3.75% APY6 Months$500.00
Marcus by Goldman Sachs3.90% APY6 Months$500.00
Bank5 Connect4.75% APY6 Months$1,000.00
Fortera Credit Union5.25% APY7 Months$1,000.00
Bask Bank5.85% APY6 Months$1,000.00
Live Oak Bank4.80% APY6 Months$2,500.00
Brilliant Bank5.25% APY9 Months$1,000.00
MYSB Direct5.00% APY6 Months$500.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD RatesRateTermMinimum
Bread Savings5.05% APY12 Months$1,500.00
First National Bank of America4.40% APY12 Months$1,000.00
CommunityWide FCU5.00% APY12 Months$1,000.00
PenFed Credit Union4.60% APY12 Months$1,000.00
Marcus by Goldman Sachs4.50% APY12 Months$500.00
Synchrony Bank4.50% APY12 Months$0.00
Popular Direct5.15% APY12 Months$10,000.00
First Internet Bank of Indiana5.06% APY12 Months$1,000.00
Alliant Credit Union5.00% APY12 Months$1,000.00
Bethpage Federal Credit Union5.00% APY12 Months$50.00
Umbrella Bank4.20% APY12 Months$1,000.00
Limelight Bank5.15% APY12 Months$1,000.00
CFG Bank5.20% APY12 Months$500.00
Rising Bank5.00% APY12 Months$1,000.00
America First Credit Union5.10% APY12 Months$500.00
Sallie Mae Bank4.80% APY12 Months$2,500.00
MYSB Direct5.25% APY12 Months$500.00

2-Year CD Rates

Banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Synchrony Bank4.30% APY24 Months$0.01.00
First National Bank of America4.40% APY24 Months$1,000.00
Pentagon Federal Credit Union4.45% APY24 Months$1,000.00
Marcus by Goldman Sachs4.35% APY24 Months$500.00
Credit Human5.50% APY24 Months$500.00
North American Savings Bank5.13% APY24 Months$5,000.00
Bread Savings5.10% APY24 Months$1,500.00
Langley Federal Credit Union5.35% APY22 Months$500.00

3-Year CD Rates

The following banks and credit unions have the highest CD rates for 36 months.

Best 3-Year CD RatesRateTermMinimum
Bread Savings4.50% APY36 Months$1,500.00
Pentagon Federal Credit Union4.10% APY36 Months$1,000.00
Synchrony Bank4.30% APY36 Months$0.01%
First National Bank of America4.40% APY36 Months$1,000.00
Marcus by Goldman Sachs4.30% APY36 Months$500.00
Discover4.30% APY36 Months$2,500.00
Popular Direct4.45% APY36 Months$10,000.00
Quontic Bank4.30% APY36 Months$500.00
Barclays4.30% APY36 Months$0.00
Randolph-Brooks Federal Credit Union4.35% APY36 Months$20,000.00
Credit Human5.50% APY24-35 Months$500.00
First Internet Bank of Indiana4.54% APY36 Months$1,000.00
Quorum Federal Credit Union5.15% APY36 Months$1,000.00
Summit Credit Union4.85% APY36 Months$500.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 48 months.

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.35% APY48 Months$1,500.00
NASA Federal Credit Union4.55% APY49 Months$10,000.00
PenFed Credit Union3.90% APY48 Months$1,000.00
Synchrony Bank4.30% APY48 Months$0.01
First National Bank of America4.35% APY48 Months$1,000.00
Marcus by Goldman Sachs4.00% APY48 Months$500.00
Credit Human4.65% APY36-59 Months$500.00
All In Credit Union4.49% APY48 Months$1,000.00
University Federal Credit Union5.00% APY48 Months$1,000.00

5-Year CD Rates

The following banks and credit unions have the highest CD rates for 60 months.

Best 5-Year CD RatesRateTermMinimum
Bread Savings4.25% APY60 Months$1,500.00
Popular Direct4.50% APY60 Months$10,000.00
Synchrony Bank4.30% APY60 Months$0.00
PenFed Credit Union3.90% APY60 Months$1,000.00
First National Bank of America4.35% APY60 Months$1,000.00
Marcus by Goldman Sachs3.80% APY60 Months$500.00
Discover4.10% APY60 Months$2,500.00
Connexus Credit Union3.51% APY60 Months$5,000.00
Barclays4.30% APY60 Months$0.00
BMO Harris4.50% APY59 Months$5,000.00
Credit Human4.65% APY60 Months$500.00
First Internet Bank of Indiana4.49% APY60 Months$1,000.00
All In Credit Union5.00% APY60 Months$1,000.00
Lafayette Federal Credit Union4.63% APY60 Months$500.00

Next Steps

In conclusion, these CD rates are an excellent option for those looking for a good interest rate. However, comparing the different rates other banks offer is essential to finding the best option for you. Contact us today for a quote, and we would be happy to help!

Compare The Fidelity Bank CD Rates With 427 Banks (May 2023) (2)

Request A Quote

Get help from a licensed financial professional. This service is free of charge.

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is anonline insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

Compare The Fidelity Bank CD Rates With 427 Banks (May 2023) (3)

Retirement Planning Guides

Compare The Fidelity Bank CD Rates With 427 Banks (May 2023) (2024)

FAQs

Will CD rates go up in May 2023? ›

Are CD Rates Going Up? Yes, CD rates are currently on the rise. In March and again in May of 2023, the Federal Open Markets Committee (FOMC) raised the target range for the federal funds rate by 0.25%, bringing the current benchmark range to 5.00% to 5.25%.

What will the highest CD rates be in 2023? ›

In July 2023, the highest paying CD offered 5.65% APY for a 9-month term. That could change though, as interest rates can fluctuate and institutions can offer CDs with high interest rates for as long or as short of a time as they want.

What are fidelity CD rates currently? ›

New Issue CD Rates Overview
CD TermAPYMinimum Deposit
12 months5.30%$1,000
18 months5.25%$1,000
24 months5.05%$1,000
6 more rows

Why are CD rates higher on Fidelity? ›

Rates are banks' decisions: Banks where the CDs originate can choose to have higher or lower rates for their Fidelity CDs than what they offer directly to their own customers.

How high will interest rates go in 2023? ›

Fannie Mae sees the average rate of a 30-year fixed getting to 6.8% in 2023. Meanwhile, the prediction from Freddie Mac is 6.4%. The Mortgage Bankers Association is the real outlier, projecting the 30-year rate at 5.2% next year.

How high are CD interest rates expected to go? ›

Yields on CDs are expected to peak and then level off this year. According to Bankrate, by the end of 2023, the national average for one-year CDs is estimated to increase to 1.8% up from 1.38% at the end of 2022.

What is the best CD rate for $100000? ›

Top National Jumbo CD Rates vs. Regular CD Rates
BEST NATIONAL JUMBO CDs
CD Bank5.20% APY$100,000
NexBank4.55% APY$100,000
Luana Savings Bank4.27% APY$100,000
Best non-Jumbo option: TotalDirectBank5.16% APY$25,000
46 more rows

Which bank gives 8% interest on savings account? ›

DCB Bank: Earn up to 8% interest rates on savings accounts, FDs.

Where can I get 6% interest? ›

Which Bank Gives 6% Interest on Savings Accounts?
  • Digital Federal Credit Union.
  • Mango.
  • 6% Interest on CDs.
  • 5% Interest Rates.
Jun 13, 2023

Is it safe to buy CD through Fidelity? ›

While banks themselves do not have the ability to exceed FDIC-insurance limits, Fidelity offers many CDs from hundreds of different banks, each of which provides for FDIC protection up to current FDIC limits.

What are the CD rates in May 2023? ›

Average CD rates now

The average yield on a one-year CD in May 2023 was 1.59%, according to the FDIC, while a 60-month CD was 1.37%. While those rates aren't exactly robust, they're well above recent levels.

Are Fidelity CDs guaranteed? ›

FDIC insurance guarantee

The CDs we offer are FDIC insured. Since we offer CDs from many different issuers, you can invest more than $250,000 across different issuers and still be fully covered by FDIC insurance.

Who has the highest 12 month CD rate? ›

Best 1-Year CD Rates
  • Garden Savings Federal Credit Union – 5.50% APY.
  • First Internet Bank – 5.48% APY.
  • Crescent Bank – 5.45% APY.
  • Prime Alliance Bank – 5.40% APY.
  • USAlliance Financial – 5.40% APY.
  • Colorado Federal Savings Bank – 5.40% APY.
  • State Bank of Texas – 5.40% APY.
  • MYSB Direct – 5.37% APY.

Can you get 6% on a CD? ›

A CD yielding 6% is undeniably attractive. Unfortunately, no such CD is currently available as of March 2023. The federal funds rate would have to rise about 1% for CD rates to reach this level. While this is possible in 2023, the rate of inflation may outweigh the benefits of a 6% CD rate.

Why are brokered CD rates higher than bank CD rates? ›

A bank still initiates a brokered CD but outsources selling it to firms that are trying to find potential investors. Brokered CDs typically yield more than regular CDs because they are in a more competitive market.

Are CD rates expected to go up next year? ›

For now, we can probably expect rates to tick up a bit more. “CD rates should continue to climb in the near future as demand for deposits continues and while the Fed continues to raise interest rates,” Garcia says.

Should I take my money out of the bank 2023? ›

Should I pull my money out of my bank? It doesn't make sense to take all your money out of a bank, said Jay Hatfield, CEO at Infrastructure Capital Advisors and portfolio manager of the InfraCap Equity Income ETF. But make sure your bank is insured by the FDIC, which most large banks are.

What are the CD rates for Goldman Sachs 2023? ›

Marcus high-yield CDs
TermAPYMinimum deposit
3-year4.30%$500
4-year4.00%$500
5-year3.80%$500
6-year3.70%$500
5 more rows

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