Bankrate’s picks for the top IRA CD rates
Note: Annual percentage yields (APYs) shown are as of Feb. 25, 2024. Banks are listed in order of top APYs for one-year IRA CDs with a $25,000 balance. Some APYs may require higher balances than the minimum deposit.
Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.
America First Credit Union: 4.20%-5.50% APY (3 months-5 years), $500 minimum deposit
America First Credit Union was founded in 1939. It has more than 1.2 million members.
In addition to IRA CDs, America First has checking accounts, savings accounts and different types of CDs.
Suncoast Credit Union: 3.85%-5.50% APY (6 months-5 years), $500 minimum deposit
Suncoast Credit Union offers both regular IRA CDs with a $500 minimum balance and jumbo IRA CDs that require at least $100,000. These jumbo IRA CDs may earn a higher yield than the regular IRA CDs at the Florida credit union.
Delta Community Credit Union: 4.00%-5.15% APY (1 year-5 years), $1,000 minimum deposit
Delta Community Credit Union began as the Delta Employees Credit Union in 1940. It was started by eight Delta Air Lines employees. Since then, Delta Community Credit Union has more than 490,000 members and has 32 branches. Most of those branches are in Georgia.
Anyone living or working in metro Atlanta and employees of more than 150 businesses are welcome at Delta Community Credit Union. Delta Air Lines, Chick-fil-A and UPS are some of the eligible businesses.
Navy Federal Credit Union: 2.75%-5.25% APY (3 months-7 years), $1,000 minimum deposit
Navy Federal Credit Union has 13 million members and is the world’s largest credit union. It has a global network of 350 branches. Navy Federal Credit Union has its main office in Vienna, Virginia.
In addition to CDs, Navy Federal Credit Union also offers checking and savings accounts, loans and credit cards.
Randolph-Brooks Federal Credit Union: 3.31%-5.07% APY (6 months-7 years), $1,000 minimum deposit
Randolph-Brooks Federal Credit Union was established in 1952 and has its main office in Live Oak, Texas. It serves four major markets: Austin, Corpus Christi, Dallas-Fort Worth and San Antonio. The credit union has more than 1 million members.
In addition to its range of IRA certificates with terms from six months to seven years, Randolph-Brooks offers a Really Free Checking account that requires no minimum balance and charges no monthly fee.
Synchrony Bank: 2.05%-5.15% APY (3 months-5 years), $0 minimum deposit
Synchrony Bank, formerly known as GE Capital Bank, is a subsidiary of Synchrony Financial. Synchrony Bank offers Roth IRA CDs and traditional IRA CDs.
Opening an IRA CD with Synchrony Bank can only be done over the phone, as Synchrony has no branches and doesn’t offer an online application. Its corporate headquarters are in Draper, Utah.
Discover Bank: 2.00%-4.80% APY (3 months-10 years), $2,500 minimum deposit
Discover Bank eliminated fees on its deposit products in June 2019. Interest on Discover Bank CDs is compounded daily and credited monthly. Discover Bank provides a nine-day grace period after a CD matures. Its headquarters are in Greenwood, Delaware.
Zions Bank: 0.30%-4.86% APY* (1 month-5 years), $1,000 minimum deposit
Zions Bank offers 10 terms of CDs as well as a variety of accounts including IRA CDs, an IRA money market account, multiple checking accounts, savings accounts and a money market account.
Zions Bank is headquartered in Salt Lake City.
Ally Bank: 3.00%-4.65% APY (3 months-5 years), $0 minimum deposit
Ally Bank is an online-only bank that offers more CD options than most direct banks. Ally gives savers options with a High Yield CD and a Raise Your Rate CD. If you fund your IRA CD within 90 days, you’ll get its best rate for the term and balance on either the day you open or the day you fund the account. Ally Bank IRA CDs are available as a traditional, Roth and simplified employee pension (SEP) IRA.
*APYs are only available in Idaho and Utah.
Citibank: 0.05%-5.13% APY (3 months-5 years), $250 minimum deposit
Citibank is one of the largest banks in the U.S. It offers IRA CDs with terms ranging from three months to five years. It also has regular CDs, checking accounts and savings accounts. In certain areas, its high-yield savings account offers a competitive APY.
