With Capital One interest is accrued daily but compounded and credited on your CD monthly. CD terms range from six months to 60 months. This makes it a great contender for customers who prefer having a place to visit when they need customer support, but also for those who mostly prefer an online bank.Ĭapital One offers 360 CD accounts, which are basically CDs with no minimum balance requirements and high fixed-rate returns. Why we chose this bank: Capital One has both online banking and nationwide brick-and-mortar presence, meaning you can open an account either online or in person.Ĭapital One has over 300 bank branches and cafés throughout the U.S., and offers solid online banking features. Members from affiliated organizations and residents of select counties in Illinois, Minnesota, Ohio and Wisconsin may also join without having to make a donation. To join you must make a one-time donation of $5 to the Connexus Association and deposit $5 into a Connexus savings account. However, you must become a member to open a share certificate account. Many banks don’t require a particular minimum deposit, and those that do typically ask for deposits ranging from $500 to $1,000.Ĭonnexus is available nationwide. You may choose the option to have dividends deposited to a Connexus account or to receive it as a check.Ĭonnexus share certificates require a minimum deposit amount of $5,000, which is comparatively higher than most competitors in our list. With Connexus, dividends (or interest) are compounded and credited on a quarterly basis. Why we chose this bank: Connexus Credit Union offers high APY rates for short-term CDs of 12, 24 and 36 months.Ĭonnexus Credit Union offers high-yield share certificates (traditionally called CDs at banks) for terms of one to five years.

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