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Apple Bank CD Rates: Earn As Much As 4.25% APY

Apple Bank CD rates are very competitive. How much interest you can earn depends on the term lengths and deposits. One thing for sure is that the longer the term, the more money you’ll make over time. For example a 15-month Apple Bank CD rate is at 4.25% APY.

Of note, if you’re looking to earn more money on your investment, it might make sense to consider working with a financial advisor.

See the best Apple Bank CD rates that are available for you below:

Term Interest Rate APY
3 month 3.24% 3.30%
6 month 3.44% 3.50%
9 month 3.68% 3.75%
1 year 3.92% 4.00%
15-month 4.16% 4.25%
18-month 3.44% 3.50%
2-year 3.44% 3.50%
3-year 3.44% 3.50%
4-year 3.44% 3.50%


3.44% 3.50%

Apple Bank CD Rates: An Overview

Apple Bank CD rates are the most competitive out there. They offer higher rates than most Bank CDs. And you will certainly earn considerably more interest than a regular savings account or money market fund. While Apple Bank offer higher CD rates, it requires a minimum of $1,000.  Apple Bank is based in New York City. It has several physical branches and you are able to receive customer service in person. You can open a CD for a 3-month term all the way to a 5-year term. The highest rate you can receive right now is 4.25% which represents the 15-month term. Other rates are still competitive than what most brick and mortar banks are offering.

What is a certificate of deposit (CD)?

CDs are certificates that banks or credit unions sell to you. Banks issue them to you for a specific dollar amount for a specific length of time. The time period could be anywhere from 1, 6, 12 or 24 months to several years. The bank pays you some interest. You get your full principal back plus interest you earn once the CD matures or “comes due.” If you want your money back before it matures, you can withdraw it.

But you will get hit with a penalty for early withdrawal. However, there are some banks, like CIT Bank, that offer CDs with no penalty. Certificate of deposits just like bank savings accounts are very safe. That is because they are FDIC insured for up to $250,000. So, if you’re looking for safety for your cash and competitive yield, CDs are some of the best short term investments to consider.

What is the difference between a bank CD and a brokerage CD?

Two types of certificates of deposits exist. One is Bank CD; the other is brokered CD. Apple Bank issues bank CDs. Others, such as Vanguard, offer “brokered CDs.” Brokered CDs are issued by banks. They are sold in bulk through brokerage firms such as Vanguard and Fidelity.

Bank CDs and brokered CDs are FDIC insured up to $250,000. Apple Bank CD rates are usually competitive, and they tend to provide higher yields than other bank CDs. The longer term CDs such as the Apple Bank 15-month CD offer high rates.

Are Apple Bank CDs right for you?

Given that Apple Bank CD rates are very competitive, they may be a good choice for you. So, you may want to consider them if:

  • You’re investing for a short-term goal, such as buying a house, in the next few years.
  • You are looking for peace of mind knowing that your money is insured by the FDIC.
  • You’re looking for an investment that provide higher yields than banks savings accounts;
  • You want a low-risk place to keep your cash.

What are the Apple Bank CD rates?

Apple Bank offers CDs ranging from 3 months to 5 years. As you can see in the table above, the longer the term of the CD, does not necessarily mean the higher the rate. For example, an Apple Bank CD for a 15-month term offers a 4.25% yield. Whereas a Apple Bank CD’s rate for a 5-year term is only 3.50%. You can buy Apple Bank CDs commission free and you can sell them commission free before they mature.

Apple Bank 5-Year CD Rates

The applicable rate for a 5-Year Apple Bank CD is currently 3.50%. And it requires a minimum deposit of $1,000. This is the longest Apple Bank CD term out there. And its interest rate exceeds most CD rates you’d get from banks. Learn more about this product  and apply on Apple Bank’s secure website.

Apple Bank 4-Year CD Rates

This 4-year Apple Bank CD also requires a minimum deposit of $1,000.  This CD’s yield is the same as the Apple Bank 5-year CD. Also, it’s higher than most bank CDs. The yield is currently is 3.50%.

Apple Bank 3-Year CD Rates

The applicable yield for a 3-Year Apple Bank CD is still very competitive. It’s 3.50% and requires a $1,000 deposit.

Apple Bank 2-Year CD Rates

The rate for a 2-Year Apple Bank CD is 3.50% and a minimum deposit of $1,000 is required.

Apple Bank 18-Month CD Rate

For a 18-Month Apple Bank CD, the yield is 3.50%. The minimum deposit is $1,000.

Apple Bank 15-Month CD Rates

For a 15-Month Apple Bank CD, the yield is 4.25%. This is the highest rate of all the CDs offered. The minimum deposit is still relatively low: $1,000.

Apple Bank 1-Year CD Rates

The yield for a 1-Year Apple Bank CD is 4.00% and a minimum deposit of $10,000 is required. 

Apple Bank 9-Month CD Rate

The applicable yield for a 9-Month Apple Bank CD is still very competitive. It’s 3.75% and requires a $1,000 deposit.

Apple Bank 6-Month CD Rates

The yield for a 6-month Apple Bank CD is currently 3.50%. Apple Bank CD requires a $1,000 minimum deposit.

Apple Bank 3-Month CD Rate

For a 3-Month Apple Bank CD, the yield is 3.30%. The minimum deposit is $1,000.

Alternative to Apple Bank CDs: Best Vanguard Mutual Funds:

If Apple Bank CDs do not do it for you, or you’re looking to get more return on your money, then try to invest in the best Vanguard mutual funds out there. That way your money is still safe and you get more money.

Mutual funds are some of the best ways to invest your money. One thing to be aware is that mutual funds invest in stocks and bongs. These securities tend to be volatile. Therefore, you might lose some or most of your investment if the market goes down. So, beginner investors wishing to invest in these Vanguard Funds should also consider learning how the stock market works.

Bottom line

Apple Bank CDs might be a good choice for you if you want to avoid risky investments and you are saving your money for a short-term goal such as going on a vacation. Indeed, Apple Bank CD rates are better than bank savings accounts and money market funds. But the money is only available after the CD “matures.” On the other hand, if access to your money at anytime is a priority, check out the best Vanguard Mutual Funds.

Tips for Maximizing Your Savings

If you have questions beyond Apple Bank CD rates, you can talk to a financial advisor who can review your finances and help you reach your goals. Find one who meets your needs with SmartAsset’s free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals, get started now.


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