Credit One CD Rates and Review (2026)
- 1-year APY
- 4.30%
- 36-month APY
- 4.45%
- 5-year APY
- 4.15%
Our verdict
Credit One really only focuses on a few products; and one of them is certificates of deposit.
Credit One is a smallish bank with two main types of products: savings and credit cards. The bank’s CDs are only jumbo CDs, meaning they require a large deposit to open and earn interest. And when they say jumbo, they really mean jumbo: you’ll need at least $100,000 to get started. When it comes to Credit One’s CD rates, they are decent, with top offerings over 4% APY.
Best for: Experienced CD owners ready with a large deposit.
Pros
-
High APYs on CDs
-
Loyalty rates for renewal
-
10-day rate guarantee
-
Option to send interest to external account
Cons
-
Jumbo CDs only
-
$100,000 opening deposit
-
Can only fund via ACH transfer from external account
Pros
- High APYs on CDs
- Loyalty rates for renewal
- 10-day rate guarantee
- Option to send interest to external account
Cons
- Jumbo CDs only
- $100,000 opening deposit
- Can only fund via ACH transfer from external account
Overview of Credit One high-yield jumbo CD rates
For any of Credit One’s certificates of deposit (CDs), you’ll need a $100,000 minimum deposit to open and earn interest, and terms range from six to 60 months. Credit One CDs compound interest daily and credit monthly. Like every other CD, Credit One’s CDs have deposit insurance up to the standard amount of $250,000 through the FDIC.
Credit One also gives you the option to credit your earned interest into another account. By default, credited interest is added to the CD’s balance each month (which allows earnings to compound), but you can choose to send the earned interest to a linked external bank account.
Also, know that for returning customers, Credit One offers a 0.05% loyalty rate boost if you renew.
| CD term | APY | Minimum deposit |
|---|---|---|
| 6 months | 4.25% | $100,000 |
| 12 months | 4.30% | $100,000 |
| 18 months | 4.45% | $100,000 |
| 24 months | 4.45% | $100,000 |
| 36 months | 4.45% | $100,000 |
| 48 months | 4.15% | $100,000 |
| 60 months | 4.15% | $100,000 |
Hot tip: How do I fund a Credit One CD?
Credit One bump-up CD offerings
A bump-up CD is one where you get the option to increase your interest rate at least once during your term if rates go up. Since CDs are fixed-rate savings accounts, and rates change all the time, a bump-up CD is a great option if you want the opportunity to take advantage of rising rates.
These CDs let you “bump up” your rate starting on the 11th day after opening, and you get one time to exercise your rate bump. The adjusted rate will apply from the time you exercise your rate bump until your maturity date (but it won’t apply retroactively).
Credit One offers two terms for its jumbo bump-up CDs:
- 24 months: 4.20% APY
- 36 months: 4.20% APY
Like the regular jumbo CDs, Credit One requires a minimum deposit of $100,000 and offers a 0.05% loyalty rate for renewers.
What is Credit One’s 10-day guarantee?
Sometimes offered by other banks and credit unions, Credit One offers a 10-day rate guarantee.
Simply put, if you open a Credit One CD and the rate for that term offering increases within 10 calendar days of opening, Credit One will automatically give you the higher rate. The higher rate will apply from the day you open your CD.
Credit One CD cashout and rollover details
Like many other banks, Credit One automatically renews your CD at maturity and offers a 10-day grace period where you can make the decision to collect your earnings or renew. The 10-day grace period starts at your CD’s maturity date.
At your Credit One CD’s maturity date, you have four options:
- Let the CD auto-renew into the same term
- Rollover the CD into a different term
- Add funds, then rollover or renew
- Close the account and withdraw funds
Credit One’s CD early withdrawal penalties
Credit One does have early withdrawal penalties, which depend on your CD’s term.
- 1 to 12 month term: 90-day simple interest penalty
- 13 to 60 month term: 180-day simple interest penalty
- 61+ months: 365-day simple interest penalty
How Credit One’s CDs and rates compare
Overall, we simply wish Credit One offered standard CDs. Jumbo CDs are a big commitment, considering you need to deposit at least $100,000 to get started.
Additionally, the 365-day early withdrawal penalty on CDs with terms over 60 months is rather harsh. Most banks cap their early withdrawal penalty at 180 days of earned interest, so just think hard if you’re considering a long-term CD with Credit One since that penalty is steep.
When it comes to rates, we can’t deny that the jumbo CD rates are high. Beating out average rates easily, Credit One’s rates are competitive across the board. And if you combine the loyalty boost, you’re getting an even better deal if you renew with the 0.05% rate boost.
Not sure Credit One is the right choice?
See our list of the best CD rates on the market.
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How we picked theseWhat is the Finder Score?
The Finder Score analyzes hundreds of CDs from more than 100 institutions. It takes into account the product's interest rate for available terms and opening deposit requirements - this gives you a simple score out of 10.
Different banks and credit unions offer CDs for various lengths of time, ranging from as short as seven days to as long as 20 years. For our ratings, we consider the term lengths that the FDIC uses in its monthly updates on national rates.
If a bank or credit union doesn’t offer a CD for a specific term used by the FDIC, we don’t penalize it: Instead, we simply don’t rate it. Each of the standard term lengths has its own APY rating based on the FDIC’s average rates.
Your reviews
Bethany Finder
Banking editor
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