The special certificate earns 4.00% APY with minimum deposits of $1,000 or $20,000 and 4.05% APY on minimum deposits of $100,000. Navy Federal Credit Union (Navy Federal Credit Union Special Offer CDs): This credit union offers three versions of its special three-month certificate.Bank special CDs require a $1,000 minimum deposit. Promotional CD rates range from 4.20% to 4.80% APY. Bank Certificate Of Deposit (Special)): This bank currently offers four special CDs with terms of seven, 11, 13 and 19 months. They all require a $5,000 minimum opening deposit. Wells Fargo: Wells Fargo currently offers three special CDs outside of its standard CD terms- the Wells Fargo Special Fixed Rate CD (4-month) that earns 4.75% to 5.01%, a Wells Fargo Special Fixed Rate CD (7-month) earning 4.90% to 5.16% APY and a Wells Fargo Special Fixed Rate CD (11-month) that earns 5.25% to 5.52% APY.Here’s a look at special CD offers currently available. What kind of rates can you earn with a promotional CD? Promotional CDs are typically available for a limited time and vary by bank and offer. Promotional CD requirements vary between banks and offers, with some requiring a higher opening deposit or carrying special stipulations. These special CDs operate like a standard CD but offer a higher APY than many of the bank’s other CD offerings. Promotional CDs typically come with term lengths and rates outside of the bank’s traditional term and rate structure. To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Reviews Banks.īanks and credit unions occasionally offer promotional CD rates to attract new and existing customers to open a CD account. To appear on this list, the account must be nationally available. Accounts with daily compounding interest schedules were scored higher than those with monthly or quarterly schedules. Minimum deposit requirements of $10,000 or higher affected scores negatively. The following is the weighting assigned to each category:ĬD accounts with higher APYs rose to the top of the list. We also analyzed and ranked each account by individual term. For the star rating, we ranked each account on 11 data points within the categories of APY, minimums, compound interest schedule, customer experience, digital experience, available terms and overall availability. To create this list, Forbes Advisor analyzed 142 CD and share certificate accounts across 84 financial institutions, including a mix of traditional brick-and-mortar banks, online banks and credit unions.

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