Highest Yield FDIC-Insured Online CDs

Best bank and brokered certificates of deposits with highest APY/interest rate in 2016

More often than not, consumers look for the highest yield FDIC-Insured online CDs among the highly-advertised and well-known large big-name banks such as Bank of America (0.05% APY CDs), Chase (0.01% APY CDs), Citibank (0.15% APY CDs) or Wells Fargo (0.05% APY CDs).

Although those well-known banks offer quality services, their rates are lower compared with their less-advertised online competitors. Below is a list of trusted brokered and bank compound interest rates FDIC-Insured CDs offered online with the highest/best APY.

Highest Yield FDIC-Insured Online CDs: Discover Bank

  • 0.35% - 0.70% APY - 3-9 months term
  • 1.15% APY - 12 months term
  • 1.20% APY - 18 months term
  • 1.30% APY - 24 months term
  • Minimum opening deposit: $2,500
  • CD rates that have consistently exceeded the National Averages
  • Flexible terms from 3 months to 10 years
  • Fund your CD account online from an existing bank account
  • FDIC-insured up to the maximum allowed by law.

Open an account: Open Discover Bank CDs today

Top High Yield Brokered CDs

Highest Yield Brokered Online CDs: TD Ameritrade Brokered CDs

  • 0.800% APY - 0-1 year term
  • 1.400% APY - 1-3 years term
  • 1.687% APY - 3-5 years term
  • 2.212% APY - 10-20 years term
  • Minimum investment for CDs: $2,000
  • There is no minimum to open a new TD Ameritrade account
  • Buying a CD through TD Ameritrade gives you access to a wide variety of issuers
  • CDs are FDIC-insured up to $250,000 per depositor per insured bank, including any interest accrued
  • More: TD Ameritrade review »

Open an account: Join TD Ameritrade. Trade free for 60 days + get up to $600.

Highest Yield FDIC-Insured Online CDs: USAA Bank

  • 0.46% APY - 182 days term
  • 0.46% APY - 1 year term
  • Minimum opening deposit: $250
  • Interest rate is subject to change daily.
  • Interest earned can be added to the CD balance or credited to another account monthly
  • Make additional deposits of $25 or more at any time without extending the maturity date
  • FDIC insured up to applicable limits

Open an account: USAA.com

Highest Yield Online CDs: Scottrade

  • 0.06% APY on 3 months term on deposits $500-$9,999.
  • 0.15% APY on 12 months term on deposits $500-$9,999.

Open an account: $2,000 in Cash Bonus and 50 FREE Trades When You Open a Scottrade Account.

Highest Yield FDIC-Insured CDs: Edward Jones

  • 0.60% APY on 3 months term with a minimum deposit $5,000+.
  • 0.65% APY on 6 months term with a minimum deposit $5,000+.
  • 0.80% APY on 12 months term with minimum deposit $5,000+.

Open an account: Open an account with Edward Jones.

Highest Yield FDIC-Insured CDs: Raymond James

  • 0.05% APY on 3 months term with a minimum deposit $5,000+.
  • 0.15% APY on 6 months term with a minimum deposit $5,000+.
  • 0.30% APY on 12 months term with minimum deposit $5,000+.
  • Minimum opening deposit: $5,000;

Open an account: Open an account with Raymond James.

Highest Yield FDIC-Insured Online Certificates of Deposit (CDs)

If you are searching for very low-risk investments that can easily be converted into cash, then you might consider certificates of deposit (CDs).

What Is A FDIC-Insured Certificate Of Deposit?

A CD is a special type of deposit account with a bank that typically offers a higher rate of interest than a savings account. In exchange for keeping the money on deposit for the agreed-on term, institutions usually grant higher interest rates than they do on accounts from which money may be withdrawn on demand. Unlike other investments, CDs have federal deposit insurance up to $250,000.

Ceritficates Of Deposits: Bank vs. Brokered CDs

Brokered CDs are regular CDs, which are issued by banks and other financial institutions and offered through a brokerage firm. There is a wide variety of CDs with a different maturity range and interest rate offered through a broker. That variety of CDs allows investors more flexibility in choosing instruments that best suit their investment objectives.

Like regular CDs, brokered CDs are FDIC-insured up to $250,000 per depositor per insured bank or financial institution.