Apple Bank CD Rates: June 2025

By

澳洲幸运5官方开奖结果体彩网:The Investopedia Team

Updated May 30, 2025

Certificates of deposit (CDs) are a form of investment offered by many banking institutions. Considered relatively safe, they often higher interest rates ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚthan a standard savings account. Apple Bank offers its own roster of CDs, with both personal and retirement options, with rates up to 3.40%

Let’s take a look at Apple Bank CD rates, including term lengths and interest rates so you can compare them to some of the 澳洲幸运5官方开奖结果体彩网:best CD rates.

Apple Bank Personal CD Account Rates
CD Term	APY	Minimum Deposit
7 months	3.40%	$1,000
8 months	3.40%	$1,000
9 months	3.40%	$1,000
1 year	3.40%	$1,000
15 months	3.25%	$1,000
18 months	3.25%	$1,000
2 years	3.00%	$1,000
3 years	3.00%	$1,000
4 years	3.00%	$1,000
5 years	3.00%	$1,000

Apple Bank Retirement CD Account Rates
CD Term	APY	Minimum Deposit
3 months	2.00%	$1,000
6 months	2.00%	$1,000
7 months	0.50%	$1,000
9 months	2.00%	$1,000
1 year	2.00%	$1,000
15 months	1.50%	$1,000
18 months	1.50%	$1,000
2 years	1.50%	$1,000
3 years	1.50%	$1,000
4 years	1.50%	$1,000
5 years	1.50%	$1,000

Compare Apple Bank CD Account Rates

Some of Apple Bank CDs are fairly competitive, but you can likely find higher rates elsew💯here by shopping around. Compare terms, fees, and other factors to🥀 find a CD that meets your needs.

Apple Bank CDs: Key Features

Apple Bank CD Account: Key Features
APY Range	3.00%–3.40% (0.50% to 2.00% for retirement)
Minimum Deposit	$1,000
Term Range	3 months to 5 years
Compounding Schedule	Daily
Early Withdrawal Penalty	Yes
Grace Period for Withdrawals After Maturity	10 days

Fast Fact

Apple Bank also offers large deposit CDs FDIC-insured in the multi-millions through the Certificate of Deposit Account Registry Service.

Pros and Cons of Apple Bank CDs

Pros

澳洲幸运5官方开奖结果体彩网:Flexible terms
澳洲幸运5官方开奖结果体彩网:Fairly competitive rates

Cons

澳洲幸运5官方开奖结果体彩网:Potentially higher rates elsewhere
澳洲幸运5官方开奖结果体彩网:Early withdrawal penalty

Pros Explained

Flexible terms: Apple Bank CDs come in different term lengths to fit a variety of financial needs. You can get CDs for terms of up to 5 years.
Fairly competitive rates: Apple Bank CD rates are as high as 3.40%, which is higher than you may find on CDs at many other banks.

Cons Explained

Potentially higher rates elsewhere: While Apple Bank CDs have higher rates than many other CDs, you can likely find even higher rates by shopping around.
Early withdrawal penalty: Like many CDs, Apple Bank CDs have a fee for withdrawing your funds before the term ends.

About Apple Bank

Apple Bank is the largest state-chartered savings bank in New York, which allows it to offer a full suite of banking products. This includes bank accounts, credit cards, mort🎃gages, and more, available for both personal and business custo🍰mers.

Access to Apple Bank is fairly limited. Only those from the five boroughs of New York; Long Island, Westchester, and Rockland co🌠unties; and New Jersey can tak♒e advantage of its services.

Apple Bank offers three types of certificates of deposit (CDs): personal CDs, retirement CDs, and business 🎀CDs. If you’re a customer, you’ll need to head to a branch in person to open a CD.

When it comes to CD rates at Apple Bank, the company is well above the national average. Its seven-month and one-year options in particular offe😼r great returns on your investment.

Alternatives to Citibank CDs

Other high-interest CDs: Although Apple pays high rates on some CD terms, other term lengths are not as competitive. Check the 澳洲幸运5官方开奖结果体彩网:best CD rates currently available before making a deposit.
High-yield savings account: If you want to protect your funds while also earning interest, you can also consider a 澳洲幸运5官方开奖结果体彩网:high-yield savings account. Some high-yield accounts offer APYs of 4% or more, which is comparable to Apple CD rates.
Checking account: A checking account is another option for storing your cash, especially if you don’t want to be subject to withdrawal limits. Some 澳洲幸运5官方开奖结果体彩网:high-interest checking accounts can provide more returns on your cash than traditional checking accounts.
Money market account: 澳洲幸运5官方开奖结果体彩网:Money market accounts are similar to savings accounts, though they may also come with check-writing abilities and a debit card. You can often earn a good rate on your savings, but you might have to deal with monthly fees or minimum balance requirements.
I bonds: I bonds from the U.S. government are an investment option for protecting your savings from inflation. I bonds may or may not offer a higher rate than the best CDs. When you invest, you have to commit to leaving your money in the I bond for at least a year.

Frequently Asked Questions (FAQs)

Are Apple Bank CD Accounts FDIC Insured?

Yes, Apple Bank CD accounts are 澳洲幸运5官方开奖结果体彩网:FDIC-insured. What does this mean? The Federal Deposit Insurance Corporation (FDIC) is a government body created to maintain security and stability in the financial sector. When your account is FDIC-insured, the money you deposit is backed by the U.S. government. This maxes out at $250,000 across all your accounts at a single bank, CDs included.

What Is the Minimum Deposit for a CD Account at Apple Bank?

You’ll need to deposit at least $1,000 in order to open a CD at Apple Bank, which has three different CD types from which to choose, including personal, business, and retirement CDs. While the terms, interest rates, and APYs for these CDs can vary, the minimum deposit does not.

Can You Ladder CDs at Apple Bank?

The strategy of 澳洲幸运5官方开奖结果体彩网:CD laddering involves opening multiple CDs with different maturity dates. As CDs with earlier dates mature, you have the option of rolling them over to new, longer term CDs or keeping the cash. This allows you to reap the benefits 🤪of higher interest rates while also maintaining relatively ready access to cash funds. Apple Bank doesn’t specifically prohibit CD laddering.

Is There an Early Withdrawal Penalty for CDs at Apple Bank?

When you open a certificate of deposit with a bank, you’re essentially promising that you’ll leave the money untouched until the CD matures. This allows the bank to use that money to make loans and other investments until the maturity date. When you make an 澳洲幸运5官方开奖结果体彩网:early withdrawal from your CD⛎, the bank loses access to those funds. 🀅To dissuade depositors from doing this, banks will often charge an early withdrawal penalty. Apple Bank does this as well, although the penalty amount is not disclosed.

Your Guide to CDs

Article Sources

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