Finder's pick: Discover CDs
- Start saving with $2,500
- 0.9% APY for a 12-month term
- Flexible terms from 3 months to 10 years
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Use the table to sort and compare the best 9-month CDs by APY, minimum deposit and more. Interested in more than one account? Click the “Compare” box next to your top picks to view each one side-by-side.
To optimize your savings plan, choose the best nine-month CD for your unique needs by looking at:
Looking for a few more 9-month CD options? These accounts are noteworthy mentions, but they didn’t make our original best list because of higher opening deposit requirements or slightly lower APYs. Depending on your financial situation, one of these CDs may be just what you’re looking for.
Required minimum deposit: $10,000
Required minimum deposit: $1,000
APY: 0.45% to 0.5%
Required minimum deposit: $1,000
Before you open up a 9-month term deposit, consider how it compares to other savings products and CD terms:
A nine-month CD is a type of savings account that keeps your money locked away for nine months. If you need to access your money early, you’ll have to pay a penalty fee which can eat away at some or all of your interest.
Nine-month CDs offer a fixed interest rate, meaning the rate won’t change until the end of the term. The national average for nine-month CDs is around 0.25%. The most competitive CDs will offer APYs above this average. They’ll also compound interest daily, which means that you earn interest on your interest. But this isn’t always the case, so check the terms of the account you’re interested in.
If you’re saving up for a purchase you plan to make in about nine months, it’s the perfect option.
If you know that you can live without access to your savings for longer than nine months you may want to consider a long-term CD, as longer terms generally offer better interest rates. In some cases the difference in interest rate can make a substantial difference in your savings.
If you aren’t confident you can lock your savings away for nine months without needing to make a withdrawal, perhaps consider a shorter option instead, like a 6-month or 3-month CD.
Yes, your deposit of up to $250,000 at any FDIC-insured banks is backed by the US government, which means your money is safe from hackers, thieves and banks that go out of business.
Unless you inform the bank before the account matures that you intend on withdrawing your savings, they will likely roll your money into a new CD for an additional nine months, possibly at a new interest rate.
The interest rate offered plays a big role in your return on investment, so it’s important you compare CD options again before simply allowing your savings to roll over into a new one with the same bank.
A nine-month CD can offer competitive rates for a short-term savings plan. But if you want a higher interest rate and can leave your money untouched, you may be better off with a longer term rate. Compare other CD options to learn what rates you can get with a different term length.
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