{"id":238555,"date":"2025-05-12T18:49:22","date_gmt":"2025-05-12T18:49:22","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/best-no-penalty-cds-rates-of-may-2025\/"},"modified":"2025-05-12T18:49:22","modified_gmt":"2025-05-12T18:49:22","slug":"best-no-penalty-cds-rates-of-may-2025","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=238555","title":{"rendered":"Best No-Penalty CDs Rates Of May 2025"},"content":{"rendered":"


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A no-penalty CD is exactly what it sounds like –  a certificate of deposit that doesn’t charge an early withdraw penalty.<\/p>\n

If you’re familiar with CDs, you’ll know that they all have a term length – ranging from 3 months up to 72 months or more. Typically, if you want to withdraw your money early, you’ll be charged a penalty – interest you lose. On a short-term CD, it could be the full amount of interest!<\/p>\n

Penalty-free CDs are changing that – in most cases, you can withdraw your money anytime without penalty. This makes these more akin to a high-yield savings account<\/a> – and sometimes with higher annual percentage yields (APYs)!<\/p>\n<\/div>\n

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Best Penalty-Free CD Rates For 2025<\/h2>\n

Here are the certificate of deposits that don’t charge early withdrawal penalties, that offer higher-than-average rates while allowing for some flexibility.<\/p>\n<\/div>\n

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1. Blue Federal Credit Union 9 Month CD<\/h3>\n

Blue Federal Credit Union has a 9-month CD that has a great interest rate and is better than most savings accounts. Like all no-penalty CDs, it has no early withdrawal penalties. This account currently offers 4.15%<\/span> APY.<\/p>\n

Plus, this account has no fees and just a $1 minimum balance requirement.<\/p>\n

Read our full Blue Federal Credit Union review here<\/a>.<\/p>\n<\/div>\n

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Blue FCU 9-Month CD<\/strong><\/p>\n<\/div>\n<\/th>\n<\/tr>\n<\/thead>\n

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APY:<\/strong><\/p>\n<\/div>\n<\/td>\n

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4.15%<\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n

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Term:<\/strong><\/p>\n<\/div>\n<\/td>\n

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9 Months<\/p>\n<\/div>\n<\/td>\n<\/tr>\n

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Min Deposit:<\/strong><\/p>\n<\/div>\n<\/td>\n

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$1<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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Open A Blue FCU 9-Month CD Here >><\/strong><\/a><\/p>\n<\/div>\n

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2. Technology Credit Union 5 Month CD<\/h3>\n

Technology Credit Union just launched a competitive 5-month CD that has a great interest rate and is better than most savings accounts. Like all no-penalty CDs, it has no early withdrawal penalties. This account currently offers 4.00%<\/span> APY.<\/p>\n

Plus, this account has no fees and just a $1 minimum balance requirement.<\/p>\n<\/div>\n

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Technology CU 5-Month CD<\/strong><\/p>\n<\/div>\n<\/th>\n<\/tr>\n<\/thead>\n

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APY:<\/strong><\/p>\n<\/div>\n<\/td>\n

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4.00%<\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n

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Term:<\/strong><\/p>\n<\/div>\n<\/td>\n

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5 Months<\/p>\n<\/div>\n<\/td>\n<\/tr>\n

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Min Deposit:<\/strong><\/p>\n<\/div>\n<\/td>\n

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$1<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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Open A Technology Credit Union 5-Month CD Here >><\/strong><\/a><\/p>\n<\/div>\n

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3. Ally Bank 11 Month CD<\/h3>\n

Ally Bank currently offers an 11-month penalty free CD. This account currently yields 3.55%<\/span> APY.<\/p>\n

Plus, this account has no fees or minimum balance requirements! There’s also no minimum deposit to open the account! The only limit to this CD is that you must allow at least 6 days before you can withdraw penalty-free.<\/p>\n

Ally consistently receives high marks for customer service and ease of use, but their rates aren’t always the most competitive. Read our full Ally Bank review here<\/a>.<\/p>\n<\/div>\n

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Ally 11-Month CD<\/strong><\/p>\n<\/div>\n<\/th>\n<\/tr>\n<\/thead>\n

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APY:<\/strong><\/p>\n<\/div>\n<\/td>\n

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3.55%<\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n

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Term:<\/strong><\/p>\n<\/div>\n<\/td>\n

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11 Months<\/p>\n<\/div>\n<\/td>\n<\/tr>\n

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Min Deposit:<\/strong><\/p>\n<\/div>\n<\/td>\n

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$0<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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4. CIT Bank 11 Month CD<\/h3>\n

CIT Bank offers a solid 11-month penalty-free CD. This CD currently yields 3.50%<\/span> APY, which is awesome given its short duration.<\/p>\n

This account has no fees but it does have a $1,000 minimum balance requirement.<\/p>\n

CIT Bank is consistently listed on our rankings of the best savings accounts and best bank certificates of deposit. Read our full CIT Bank review here<\/a>.<\/p>\n<\/div>\n

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CIT Bank 11-Month CD<\/strong><\/p>\n<\/div>\n<\/th>\n<\/tr>\n<\/thead>\n

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APY:<\/strong><\/p>\n<\/div>\n<\/td>\n

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3.50%<\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n

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Term:<\/strong><\/p>\n<\/div>\n<\/td>\n

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11 Months<\/p>\n<\/div>\n<\/td>\n<\/tr>\n

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Min Deposit:<\/strong><\/p>\n<\/div>\n<\/td>\n

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$1,000<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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Open A CIT Bank 11-Month CD Here >><\/strong><\/a><\/p>\n<\/div>\n

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Before You Open A No-Penalty CD Account<\/h2>\n<\/div>\n
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No penalty CDs are great tools to use for your savings. In fact, many people use these as an alternative to savings accounts since you can probably earn slightly more interest with them. However, there are things that you should know about opening a no withdrawal penalty CD.<\/p>\n<\/div>\n

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