Find the latest Modern Bank CD Rates, Offers, and Promotions here.
Update 4/10/24: Overall rates have decreased but the 3 month term has increased leading the highest rate of all terms. Minimum has increased to $100K (from $10K)
Best CD Rates: 5.30% APY 3-Month, 5.25% APY 6-Month, 5.15% APY 12-Month, $100,000 Minimum
Availability: Nationwide
Credit Inquiry: Hard Pull or Soft Pull? Let us know.
About Modern Bank CD Rates
Headquartered in New York Modern Bank, National Association is the 63rd largest bank in the state of New York and the 1,275th largest bank in the nation. Established in 1977 and as of June of 2022, it had grown to 50 employees at 1 location.
| Term | APY Rate | Minimum Deposit |
| 3-Month | 5.30% | $100,000 |
| 6-Month | 5.25% | $100,000 |
| 12-Month | 5.15% | $100,000 |
| 18-Month | 4.60% | $100,000 |
| 24-Month | 4.00% | $100,000 |
*The above rates are accurate as of 4/10/2024*
Modern Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer a term, the higher APY rate you make.
With no opening deposit, you can invest in a Modern Bank CD account to maximize your earnings. Compare their offers now to find the solutions that fit best with your savings goals. Be sure to also check out the CD rates below to potentially find even better rates for you!
- Minimum deposit: $10,000
- Maximum deposit: Not listed
- Early withdrawal penalty: A penalty may be imposed for early withdrawal.
(FDIC Insured)
| Alliant Credit Union 12-Month Certificate (4.05% APY) | Quontic Bank CD (Up to 4.25% APY) |
| Western Alliance Bank 3-Month CD (4.50% APY) | Western Alliance Bank 12-Month CD (4.25% APY) |
| Ponce Bank 3-Month CD (4.25% APY) | Blue Federal Credit Union 9-Month No Penalty CD (3.75% APY) |
| Sun Canyon Bank 11-Month CD (3.98% APY) | Ponce Bank 4-Month No-Penalty CD (4.15% APY) |
Modern Bank CD Features
- Minimum Balance of $10,000 Required
- Flexible Terms
- Earn a Competitive Market Interest Rate
- Online Banking to Manage Your Accounts
Bottom Line
Modern Bank offers you high, competitive CD rates to grow your savings. All you need to do is to pick your CD term and with the $10,000 minimum deposit – anyone can qualify for this fantastic rate.
This is ideal for accounts like Certificate of Deposits. Though the rates are worth checking out, be sure to still compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*While Modern Bank does have competitive rates compared to traditional banks, I still recommend you take a look at Discover Bank Promotions here
| Service Credit Union | 4.25% APY 9-Month CD | Review |
| Western Alliance Bank | 4.50% APY 3-Month CD | Review |
| Western Alliance Bank | 4.40% APY 6-Month CD | Review |
| Rising Bank | 4.40% APY 6-Month CD | Review |
| Rising Bank | 4.35% APY 15-Month CD | Review |
| First Tech Federal Credit Union | 4.35% APY 13-Month Share Certificate | Review |
| Quontic Bank | Up to 4.25% APY CD | Review |
| Western Alliance Bank | 4.25% APY 12-Month CD | Review |
| Ponce Bank | 4.25% APY 3-Month High Yield CD | Review |
| Sallie Mae | 4.25% APY 14-Month CD | Review |
| Ponce Bank | 4.15% APY 4-Month No-Penalty CD | Review |
| Live Oak Bank | 4.10% APY 12-Month CD | Review |
| Live Oak Bank | 4.10% APY 12-Month Business CD | Review |
| First Mid Bank & Trust | 4.08% APY 9-Month CD | Review |
| Alliant Credit Union | 4.05% APY 12-Month Certificate | Review |
| Discover Bank | Up to 4.00% APY CD | Review |
| Sun Canyon Bank | 3.98% APY 11-Month CD | Review |
| Sallie Mae | 3.95% APY 10-Month CD | Review |
| Western Alliance Bank | 3.85% APY 5-Month CD | Review |
| GreenState Credit Union | 3.80% APY 10-Month CD | Review |
| Blue Federal Credit Union | 3.75% APY 9-Month No Penalty CD | Review |
| Blue Federal Credit Union | 3.75% APY 15-Month CD | Review |
| CIT Bank | 3.50% APY 13-Month CD | Review |
| CIT Bank | 3.50% APY 11-Month No-Penalty CD | Review |
| Southwestern National Bank | 3.40% APY 8-Month CD | Review |
| First Financial Northwest Bank | 3.00% APY 12-Month CD | Review |
| Ponce Bank | 3.00% APY 1-Month High Yield CD | Review |
| CIT Bank | 3.00% APY 6-Month CD | Review |
| CIT Bank | 3.00% APY 18-Month CD | Review |
This is a great opportunity to invest in a high-interest CD with a low balance from Modern Bank. However, you may want to compare them with our best CD Rates:
- 6-Month CD Rates
- 9-Month CD Rates
- 12-Month CD Rates
- 18-Month CD Rates
- 24-Month CD Rates
- 36-Month CD Rates
- 48-Month CD Rates
- 60-Month CD Rates
- No Penalty CD Rates
Be sure to apply as soon as you can to start your new account experience and start earning higher rates. Check back often for the latest Modern Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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