NexBank CD Rates: 5.35% APY 12-Month CD, 5.20% APY 6-Month CD (Nationwide)

Here you can find the latest NexBank CD Rates, offers, and promotions!

Update 7/26/24: Powered by Raisin, you can currently earn 5.15% APY on a 12-Month High-Yield CD with only $1 minimum deposit. The 12-month online promotional CDs offer a highly competitive rate. The Jumbo CD min requirement is now $250K min (up from $100K) and the regular promo CD requires only $25K. But yield the same 5.40% APY as of today. Standard CDs have reduced opening deposit to $10K (down from $100K).

Best CD Rates: 5.35% APY 12-Month CD, 5.20% APY 6-Month CD $25K min deposit, new money.

Availability: Nationwide

Credit Inquiry: Soft Pull

About NexBank

With $8.3 billion in assets, NexBank delivers commercial banking, mortgage banking, and institutional services primarily to institutional clients and financial institutions as well as large corporations, real estate investors, and middle-market companies. Through industry leadership and a commitment to our clients, they strive to deliver uncommon value at every opportunity.

NexBank offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you. You can fund your account via ACH. The account ownership can be individual or join.

NexBank High-Yield CD powered by Raisin

Powered by Raisin, you can currently earn a competitive rate with only $1 minimum.

• FDIC insured. No fees. $1 minimum deposit.
• 24/7 online access to funds.
• NexBank gives back to their local communities.

Promotional Online CDs

NexBank Standard CDs

*The above rates are accurate as of 5/10/2023*

NexBank CD Rates

CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make. The interest is compounded daily and credited quarterly which can be withdrawn penalty-free.

With NexBank Certificate of Deposit’s, you can benefit with competitive rates, flexible terms, automatic rollovers, and frequent special promotions. NexBank makes the process of opening a CD simple.

• Minimum deposit: $10,000
• Maximum deposit: $5MM
• Early withdrawal penalty: A substantial penalty may be imposed for withdrawals prior to maturity

(FDIC Insured)

NexBank CD Features

• Unlimited number of beneficiaries
• Competitive Rate
• Flexible Terms
• Extremely Easy to Open an Account
• FDIC Insured

Bottom Line

With a opening minimum deposit of $25,000 and no fees, you will definitely get a satisfying return on your investment. Keep in mind that you won’t be able to access your funds once you sign up. Once your funds have matured, you can get back by cashier’s check or transfer to a NexBank checking or savings account. They will give you 10 calendar days grace period before automatic renewal.

This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.

This is a great opportunity to invest in a high-interest CD from NexBank. However, you may want to compare them with our best CD Rates:

• Best 6-Month CD Rates
• Best 9-Month CD Rates
• Best 12-Month CD Rates
• Best 18-Month CD Rates
• Best 24-Month CD Rates
• Best 36-Month CD Rates
• Best 48-Month CD Rates
• Best 60-Month CD Rates
• Best No Penalty CD Rates

You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest NexBank 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.