Highest Yield FDIC-Insured Online CDs

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

If you are searching for very low-risk investments that can easily be converted into cash then you might consider certificates of deposit (CDs). 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the agreed-on term, institutions usually grant higher interest rates than they do on accounts from which money may be withdrawn on demand.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. Below we list highest/best APY brokered and bank compound interest rates on CDs offered online.

Highest Yield FDIC-Insured Online CDs: BBVA Compass Bank

  • 12 months - 0.10% APY;
  • 13 months - 1.25% APY;
  • 23 months - 1.35% APY;
  • 60 months - 0.5% APY;
  • Minimum opening deposit: $500;
  • Online only rates;
  • FDIC Insurance (Up to applicable limits);
  • No Maintenance Fees;
  • Online Access 24/7.

Open an account: Think bigger and brighter — like the big return on a 1.5% APY 35-Month CD from BBVA Compass.

Highest Yield FDIC-Insured Online CDs: Discover Bank

  • 3 months - 0.35% APY;
  • 6 months - 0.65% APY;
  • 9 months - 0.70% APY;
  • 12 months - 1.15% APY;
  • 18 months - 1.20% APY;
  • 24 months - 1.30% APY;
  • 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: Discover Bank High Yield CDs

Highest Yield FDIC-Insured Online CDs: USAA Bank

  • 182 days — 0.46%
  • 1 year — 0.46%
  • 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 FDIC-Insured Online CDs: TD Ameritrade Brokered CDs

  • 0.40% - 0.45% APY on 3 months term.
  • Minimum opening deposit: $2,000;
  • Buying a CD through TD Ameritrade gives you access to a wide variety of issuers.
  • CDs are insured up to the FDIC limit per depositor per institution.
  • CDs are available for an investment as low as $2,000.
  • 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: 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.
  • Minimum opening deposit: $2,000;
  • Buying a CD through TD Ameritrade gives you access to a wide variety of issuers.
  • CDs are insured up to the FDIC limit per depositor per institution.
  • CDs are available for an initial investment as low as $2,000.
  • More: Scottrade

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