CD Rates
Highest No-Penalty CD Rates
The highest no-penalty CD rate on Banksparency is 4.33% APY, advertised by Climate First Bank on its 6-Month CD. This page tracks 52 active no-penalty CDs from 34 banks.
By Aviel Fahl
|No-Penalty CD Rate Summary
34 banks tracked in this category.
The mean of all tracked no-penalty CD APYs is 2.42%. The FDIC national average for 12-month CDs is 1.73% as of Sep 2026. The effective federal funds rate is 3.88% as of Oct 1, 2026.
Market Snapshot
Top 10 Range
3.85%–4.33% APY
Average APY
2.42% APY
The mean of all tracked no-penalty CDs
FDIC National Average
1.73%
12-month CDs, cap 5.74% · Sep 2026
Fed funds rate
3.88%
As of Oct 1, 2026
What a higher rate is worth
A year at the FDIC national average returns about $173 in interest on a $10,000 balance. The highest no-penalty CDs we track advertise 3.85%–4.33% APY.
The neighbouring rankings, if this is not the account you want:
Latest Rate Changes
Review every rate change captured for the selected timeframe.
Effective Federal Funds Rate
Policy rate benchmark
No rate changes recorded for this timeframe.
Highest No-Penalty CD Rates Right Now
Ordered by highest APY. The top 50 of 52 products tracked.
Climate First Bank leads at 4.33% APY on its 6-Month CD. The tenth-ranked no-penalty CD rate is 3.85%, so the top ten span 0.48 points. The leader is 2.5 times the FDIC national average of 1.73%.
Climate First Bank
6-Month CD · 6 months
Climate First Bank
12-Month CD · 12 months
Marcus by Goldman Sachs
11-Month No Penalty CD · 11 months
| # | Institution & CD | Rate & Features | Minimum Deposit | Actions |
|---|---|---|---|---|
| #1 | 4.33%APY Observed: Oct 5, 2026 Available nationwide Branches: Yes | $500 | ||
| #2 | 4.15%APY Observed: Oct 5, 2026 Available nationwide Branches: Yes | $500 | ||
| #3 | 4.00%APY Observed: Oct 5, 2026 Available nationwide Branches: None | $500 | ||
| #4 | 4.00%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #5 | 3.95%APY Observed: Oct 5, 2026 Available nationwide Branches: None | $5,000 | ||
| #6 | 3.94%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #7 | 3.90%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #8 | 3.90%APY Observed: Oct 5, 2026 Branches: Yes | $0 | ||
| #9 | 3.90%APY Observed: Oct 5, 2026 Available nationwide Branches: None | $1,000 | ||
| #10 | 3.85%APY Observed: Oct 5, 2026 Branches: Yes | $500 | ||
| #11 | 3.80%APY Observed: Oct 5, 2026 Available nationwide Branches: None | $500 | ||
| #12 | 3.80%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #13 | 3.75%APY Observed: Oct 5, 2026 Available nationwide Branches: None | $500 | ||
| #14 | 3.75%APY Observed: Oct 5, 2026 Available nationwide Branches: None | $1,000 | ||
| #15 | 3.70%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #16 | 3.65%APY Observed: Oct 5, 2026 Branches: Yes | N/A | ||
| #17 | 3.50%APY Observed: Oct 5, 2026 Branches: Yes | N/A | ||
| #18 | 3.45%APY Observed: Sep 30, 2026 Branches: Yes | $10,000 | ||
| #19 | 3.44%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #20 | First Federal Savings and Loan Association 8 Month CD (No Penalty) - Interest Transferred Term: 8 months | 3.40%APY Observed: Sep 30, 2026 Branches: Yes | $5,000 | |
| #21 | 3.35%APY Observed: Oct 3, 2026 Branches: Yes | $10,000 | ||
| #22 | 3.29%APY Observed: Sep 30, 2026 Branches: Yes | $5,000 | ||
| #23 | 3.28%APY Observed: Oct 3, 2026 Branches: Yes | $100,000 | ||
| #24 | 3.25%APY Observed: Oct 5, 2026 Branches: Yes | $0 | ||
| #25 | First Federal Savings and Loan Association 8 Month CD (No Penalty) - Interest Paid by Check Term: 8 months | 3.15%APY Observed: Sep 30, 2026 Branches: Yes | $5,000 | |
| #26 | 3.10%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #27 | 3.00%APY Observed: Oct 3, 2026 Branches: Yes | $5,000 | ||
| #28 | 2.85%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #29 | 2.80%APY Observed: Oct 5, 2026 Available nationwide Branches: None | $0 | ||
| #30 | 2.75%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #31 | 2.53%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #32 | 2.52%APY Observed: Oct 3, 2026 Branches: Yes | $1,000 | ||
| #33 | 2.50%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #34 | 1.90%APY Observed: Oct 3, 2026 Branches: Yes | $5,000 | ||
| #35 | 1.61%APY Observed: Sep 30, 2026 Branches: Yes | $5,000 | ||
| #36 | 1.52%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #37 | 1.41%APY Observed: Sep 30, 2026 Branches: Yes | $5,000 | ||
| #38 | 0.95%APY Observed: Sep 30, 2026 Branches: Yes | $2,500 | ||
| #39 | 0.75%APY Observed: Oct 5, 2026 Branches: Yes | $500 | ||
| #40 | 0.55%APY Observed: Sep 30, 2026 Branches: Yes | $2,500 | ||
| #41 | 0.55%APY Observed: Sep 30, 2026 Branches: Yes | $2,500 | ||
| #42 | 0.27%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #43 | 0.25%APY Observed: Oct 5, 2026 Available nationwide Branches: None | $0 | ||
| #44 | 0.25%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #45 | 0.23%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #46 | 0.20%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #47 | 0.17%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #48 | 0.15%APY Observed: Sep 30, 2026 Branches: Yes | $1,000 | ||
| #49 | 0.15%APY Observed: Sep 30, 2026 Branches: Yes | $500 | ||
| #50 | 0.15%APY Observed: Oct 3, 2026 Branches: Yes | $5,000 |
$500
Yes
$500
Yes
$500
None
$1,000
Yes
$5,000
None
$500
Yes
$500
Yes
$0
Yes
$1,000
None
$500
Yes
$500
None
$1,000
Yes
$500
None
$1,000
None
$500
Yes
N/A
Yes
N/A
Yes
$10,000
Yes
$500
Yes
8 Month CD (No Penalty) - Interest Transferred
Term: 8 months
$5,000
Yes
$10,000
Yes
$5,000
Yes
$100,000
Yes
$0
Yes
8 Month CD (No Penalty) - Interest Paid by Check
Term: 8 months
$5,000
Yes
$500
Yes
$5,000
Yes
$500
Yes
$0
None
$1,000
Yes
$500
Yes
$1,000
Yes
$1,000
Yes
$5,000
Yes
$5,000
Yes
$500
Yes
$5,000
Yes
$2,500
Yes
$500
Yes
$2,500
Yes
$2,500
Yes
$1,000
Yes
$0
None
$1,000
Yes
$1,000
Yes
$1,000
Yes
$1,000
Yes
$1,000
Yes
$500
Yes
$5,000
Yes
No-Penalty CD rate questions
What is the highest no-penalty CD rate right now?
Climate First Bank advertises 4.33% APY on its 6-Month CD, the highest of 52 active no-penalty CDs tracked on Banksparency.
What is the average no-penalty CD rate?
The mean of all 52 tracked no-penalty CD APYs is 2.42%. It is a plain mean across every tracked product.
How do the top no-penalty CD rates compare with the FDIC national average?
The ten highest advertised rates run from 3.85% to 4.33% APY, against an FDIC national average of 1.73%. The FDIC national rate cap for 12-month CDs is 5.74%.
When were these no-penalty CD rates last observed?
The newest reading on this page is from Monday, October 5, 2026. Banksparency reads each institution's advertised rate on that institution's own website, and it records the date of each reading. Some rates on this page carry an earlier date. A rate can change at any time, so confirm it with the institution before you open an account.