Discover the top banks offering the best Certificate of Deposit (CD) rates in 2024. This comprehensive guide highlights institutions with competitive rates, flexible terms, and low minimum deposits, making it easier for savers to maximize their earnings. Key banks include Discover, Ally, Quontic, Marcus, Sallie Mae, Tiaa Bank, and others. Whether you're seeking short-term or long-term investments, this list provides excellent options for building a high-yield savings portfolio with reliable, attractive rates.

Leading Financial Institutions with the Highest CD Rates in 2024

Certificates of Deposit (CDs) remain a popular choice for secure, fixed returns on savings. These fixed-term investments typically lock in your funds until maturity, offering predictable interest earnings. Top banks this year are providing some of the most competitive CD rates. Here are the top 10 banks leading the way in 2024 for high-yield Certificates of Deposit.

Discover
With flexible terms and no hidden fees, Discover's High Yield CD is perfect for both short-term and long-term investors seeking attractive rates.

Ally
Famous for its easy-to-use mobile app and competitive rates, Ally Bank requires a low minimum deposit, making it a preferred choice for savers.

Consider this as a strong option.
Quontic Bank
Providing CD terms ranging from six months to five years, Quontic Bank delivers a smooth online experience through its fast, intuitive mobile platform.

Marcus by Goldman Sachs
Marcus offers a 10-day rate lock guarantee. If rates rise within ten days, your rate automatically updates to the new, higher rate.

Sallie Mae Bank
Offering competitive rates and a broad selection, Sallie Mae's CDs are excellent for creating a ladder of high-yield investments.

Tiaa Bank Basic
This online-only CD features no monthly fees, multiple term options, and impressive APYs.

Tab Bank
Designed for CD portfolio builders, Tab Bank provides eight different term options with yields between 0.50% and 0.85%.

For individual CDs, a minimum deposit of $1,000 ensures competitive rates.
Synchrony Bank CD
Offering flexible terms such as three-month and 15-month options, Synchrony provides solid yields.

Comenity Direct CD
While there are monthly fees, Comenity Direct features flexible term options and competitive interest rates.

Connexus Credit Union CD
Perfect for long-term investments, Connexus Credit Union offers some of the highest yields on 4- to 5-year share Certificates, with membership required for eligibility.