5.00% APY
5 months
Top-tier promotional 5-month Certificate of Deposit (CD) earning 5.00% APY.
$1,000
Nuvision Credit Union stands out as the top choice because it offers one of the highest APYs available on a short-term CD, making it an excellent option for savers looking to maximize their returns quickly.
Pros:
- High APY
- Flexible terms
Cons:
- Maximum deposit cap for promotional rates
4.30% APY
17 months
4.30% APY on a 17-month Special Certificate.
$5,000
What sets this provider apart is its competitive rates on longer-term CDs, making it a solid choice for those looking to invest larger sums for a more extended period.
Pros:
- Competitive yields
- Multiple term options
Cons:
- Higher minimum deposit required
4.22% APY
7 months
Top-tier 7-Month CD promotion with a highly competitive 4.25% APY.
$1,000
The standout feature here is the flexibility in terms and competitive rates, making Consumers Credit Union a great option for those who want to lock in their savings for a shorter duration.
Pros:
- Flexible terms
- Low minimum deposit
Cons:
- Regional availability
4.OMB Bank
4.25% APY
5 months
Earn 4.25% APY on a 5-month CD.
$1,000
OMB Bank shines for its competitive short-term CD rates, making it an attractive choice for savers looking for quick returns without locking their money away for long periods.
Pros:
- Competitive fixed rates
- Short-term options
Cons:
- Minimum deposit required
4.34% APY
6 months
Special promotional rates on penalty-free CDs.
$500
Climate First Bank offers a unique blend of competitive rates and a commitment to sustainability, making it an excellent choice for environmentally conscious savers.
Pros:
- Low minimum deposit
- No early withdrawal penalties
Cons:
- Limited term options
4.20% APY
18 months
N/A
$10,000
A key differentiator is Popular Direct's consistently high yields across various terms, making it a strong contender for those willing to meet the higher minimum deposit requirement.
Pros:
- High yields
- FDIC insured
Cons:
- High minimum deposit
Did you know?
Top certificate of deposit (CD) rates often sit on 6- to 18-month terms. A CD ladder spreads maturity dates so you can reinvest when compound interest moves without locking every dollar for five years.
Final Words
As you consider your options for the best CD rates this July 2026, be sure to compare offerings from top providers like Nuvision Credit Union, Marcus by Goldman Sachs, Ally Bank, American Express National Bank, Discover Bank, and Capital One. By taking the time to evaluate these rates and terms, you can make an informed decision that maximizes your savings.
Frequently Asked Questions
The best CD rate in July 2026 is offered by Nuvision Credit Union at 5.00% APY for a 5-month term with a minimum deposit of $1,000.
Connexus Credit Union offers a CD with a rate of 4.30% APY for a term of 17 months, requiring a minimum deposit of $5,000.
Consumers Credit Union offers a CD at an APY of 4.22% for a 7-month term with a minimum deposit of $1,000.
A Certificate of Deposit (CD) is a fixed-term savings account where you deposit money for a specified period, earning interest at a fixed rate until the maturity date.
Minimum deposit requirements for CDs can vary by provider. For example, Nuvision Credit Union requires a minimum deposit of $1,000, while Connexus Credit Union requires $5,000.
Yes, you can withdraw funds from a CD before it matures; however, early withdrawals typically incur penalties that can affect your interest earnings.
When a CD matures, you typically have the option to withdraw the principal and interest, or you can choose to renew the CD for another term or transfer your funds to another account.
CD rates are generally fixed, meaning the interest rate remains the same for the entire term. This allows you to know exactly how much interest you will earn.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
