CFG Bank CD and money market rates
CFG High Yield Money Market Online offers 4.05% APY. That is 3.67 percentage points above the national savings average of 0.38% (FDIC, Oct 2026).
CFG Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 4.05% · CFG High Yield Money Market Online |
| Minimum to open | $1,000 · CFG High Yield Money Market Online |
| Against the national average | 3.67 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.50% · 18 months · 18 Month CD |
| Minimum to open | $500 · 18 months CD |
| Money market | |
| Top money market APY | 4.05% · CFG High Yield Money Market Online |
| Minimum to open | $1,000 · CFG High Yield Money Market Online |
| Against the national average | 3.42 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 34294 · Lutherville, MD |
|---|---|
| Website | www.cfg.bank |
| Branches | 3 branches in MD |
| Availability | Available in MD |
CFG Bank CD and money market rates
Rates are APY. The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 584 money market accounts from 521 banks in the Banksparency money market index, the median advertised rate is 1.13%, and one account in ten advertises 3.10% or more. See the highest savings rates.
CFG Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 12 months | 4.46% | $500 | 12 Month CD |
| 12 months | 4.31% | $250,000 | 12 Month CDARS |
| 18 months | 4.50% | $500 | 18 Month CD |
| 36 months | 4.40% | $500 | 36 Month CD |
| 36 months | 4.25% | $250,000 | 36 Month CDARS |
| 60 months | 4.40% | $500 | 60 Month CD |
What CFG Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, CFG Bank paid a higher average rate on savings and money market deposits than 97% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- CFG Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| CFG High Yield Money Market Online | 4.05% | $1,000 | $1,000 | None | not stated | not stated | One rate | |
| CFG High Yield Money Market In Branch | 4.05% | $1,000 | $1,000 | None | not stated | not stated | One rate | |
| Retail Money Market + ICS | 3.65% | $250,000 | $250,000 | None | not stated | not stated | One rate |
Fine print for 2 products above: The rates for the High Yield Money Market are variable and subject to change.
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 12 Month CD | 12 months | 4.46% | $500 | not stated | not stated |
| 12 Month CDARS | 12 months | 4.31% | $250,000 | not stated | not stated |
| 18 Month CD | 18 months | 4.50% | $500 | not stated | not stated |
| 36 Month CD | 36 months | 4.40% | $500 | not stated | not stated |
| 36 Month CDARS | 36 months | 4.25% | $250,000 | not stated | not stated |
| 60 Month CD | 60 months | 4.40% | $500 | not stated | not stated |
Opening and using the account
| Availability | Available in MD |
|---|---|
| Footprint | 3 branches in MD |
| Eligibility | not stated |
How CFG Bank behaves over time
- Rate last changed
- Oct 18, 2026(effective date)
$10,000 at the 4.05% APY CFG Bank advertises on CFG High Yield Money Market Online grows to $10,405 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $10,030 does today. See how the federal funds rate shapes savings rates.
CFG Bank CD rates over time
Who is CFG Bank?
| Headquarters | Lutherville, MD |
|---|---|
| Founded | 1997 |
| Scale | $6.1B assets · $5.1B deposits, $4.5B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 34294 |
| Charter state | Maryland · one of 27 insured banks chartered there (Q2 2026, FDIC) |
| Size | 242nd-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 63% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What CFG Bank pays on deposits above.
Common questions about CFG Bank
Is CFG Bank FDIC insured?
Yes. CFG Bank is FDIC insured under certificate 34294, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at CFG Bank?
CFG Bank requires a minimum deposit of $1,000 to open its CFG High Yield Money Market Online account, as observed on Oct 23, 2026. Check the bank's current terms before you open an account.
Does CFG Bank have branches?
Yes. CFG Bank operates 3 branches according to FDIC branch records, in addition to its website and mobile apps.
CFG Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| CFG Bank | 4.05% | 3.39% | $1,000 | 3 branches in MD |
| Bread Savings | 4.05% | 3.70% | $100 | None for this account (online only) |
| Solera National Bank | 4.07% | 4.55% | not stated | 1 branch in CO |
| The Apple Creek Banking Company | 4.07% | 1.59% | not stated | 6 branches in OH |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to CFG Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Maryland, nearest to CFG Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: CD rates in Maryland, money market rates in Maryland, and banks in Maryland.