Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Compare the best 9-month CD rates

These short-term accounts are a low-risk way to invest your money.

Finder's pick: Discover CDs

Discover CDs logo

0.3%

9-month APY

  • Start saving with $2,500
  • 0.5% APY for a 12-month term
  • Flexible terms from 3 months to 10 years
Go to site

Compare the 10 best 9-month CD rates

Use the table to sort and compare the best 9-month CDs by APYs and minimum initial deposits. Interested in more than one account? Check the Compare box next to your top picks to view them side-by-side.

Name Product 9-month APY Minimum deposit to open
Discover CDs
0.3%
$2,500
Start saving with $2,500 and enjoy flexible terms from 3 months to 10 years with no account fees.
Radius Bank Short-Term CDs
0.25%
$1,000
Ally High Yield CDs
0.3%
$0.01
Synchrony Bank CDs
0.35%
$2,000
Marcus by Goldman Sachs High-yield CDs
0.25%
$500
loading

Compare up to 4 providers

A closer look at the best 9-month CD rates

The best 9-month CD rate allows you to earn interest at a fixed rate for a low-risk, predictable return. But short-term CDs aren’t known for offering the highest rates. We looked at nine-month CDs from over 40 financial institutions and selected the ones with the highest APYs. Then, we pared down our list by selecting accounts with nationwide availability, low opening deposits and easy online applications.

Radius Bank Short-Term CDs

Radius Bank Short-Term CDs logo
Apply now
at Radius Bank's secure site
N/A
1-year APY
N/A
3-year APY
N/A
5-year APY
$1,000
Min. opening deposit
  • No monthly fees. This CD is free to open and maintain. The only time Radius Bank will charge you a fee is if you tap into funds before they mature.
  • Need to apply by phone. Although you can open some Radius Bank CDs online, the 9-month option isn't one of them. You'll need to open it over the phone or visit their branch in Boston.
  • High withdrawal penalty. While most banks charge you a penalty equal to 90 days interest if you withdraw funds early, Radius charges a penalty of 180 days interest.
3-month term0.25%
6-month term0.25%
9-month term0.25%

Discover CDs

Discover CDs logo
Apply now
at Discover's secure site
0.5%
1-year APY
0.55%
3-year APY
0.6%
5-year APY
$2,500
Min. opening deposit
  • Easily accessible interest. If you have an eligible Discover bank account, you can have your CD interest automatically deposited into that account each month.
  • Low withdrawal fees. Compared to some other online banks, Discover's early withdrawal fees are relatively low.
  • High opening deposit. You'll need at least $2,500 to open a Discover CD, which is much higher than other options on our list.
  • No partial withdrawals. If you need to withdraw your money early, you'll have to take out the full amount as Discover doesn't accept partial withdrawals.
3-month term0.2%
6-month term0.25%
9-month term0.3%
12-month term0.5%
18-month term0.5%
24-month term0.5%
30-month term0.55%
48-month term0.55%
60-month term0.6%
84-month term0.6%
120-month term0.6%

Ally High Yield CDs

0.55%
1-year APY
0.65%
3-year APY
0.85%
5-year APY
$0.01
Min. opening deposit
  • No opening deposit. While most CDs require deposits of $1,000 or more, Ally lets you open an account with as little as $0.01.
  • Ally's Ten Day Best Rate Guarantee. If Ally increases its CD rates within 10 days of you funding your account, you'll automatically get bumped up to the higher rate.
  • No partial withdrawals. If you need to access money in your Ally CD before it matures, you'll have to withdraw the full balance.
  • Get interest at end of term. Unlike other banks that post interest to your account monthly, Ally only posts interest at maturity for CDs with terms of 12 months or less.
3-month term0.2%
6-month term0.25%
9-month term0.3%
12-month term0.55%
18-month term0.6%
60-month term0.85%

Synchrony Bank CDs

0.5%
1-year APY
0.7%
3-year APY
0.8%
5-year APY
$2,000
Min. opening deposit
  • IRA CD options. Open a regular 9-month CD or open a Traditional or Roth IRA CD to save for retirement.
  • Withdraw your interest. You can't access your initial deposit until maturity, but you can withdraw your interest for free at any time.
  • High opening deposit. You need at least $2,000 to open a Synchrony CD, which can be a lot of money to fork over at one time.
  • Early withdrawal penalty. You'll pay a penalty equal to 90 days interest if you withdraw your money before it matures.
3-month term0.15%
6-month term0.25%
9-month term0.35%
12-month term0.5%
13-month term0.6%
15-month term0.6%
18-month term0.6%
24-month term0.65%
48-month term0.7%
60-month term0.8%

Marcus by Goldman Sachs High-yield CDs

0.55%
1-year APY
0.55%
3-year APY
0.6%
5-year APY
$500
Min. opening deposit
  • 10-day CD rate guarantee. If the APY for your CD increases within 10 days of opening and funding your account, Marcus will automatically bump you up to the higher rate.
  • Relatively low minimum deposit. Although some CDs have no minimum deposits, Marcus by Goldman Sachs' $500 minimum is lower than most banks.
  • No partial withdrawals. If you make a withdrawal before maturity, you'll have to close out your CD and take all your remaining funds.
  • No branches. Like most options on our list, Marcus by Goldman Sachs is an online bank so you can't open this CD in-person.
6-month term0.15%
9-month term0.25%
12-month term0.55%
18-month term0.55%
24-month term0.55%
48-month term0.55%
60-month term0.6%
72-month term0.6%

Sallie Mae CD

0.6%
1-year APY
0.7%
3-year APY
0.45%
5-year APY
$2,500
Min. opening deposit
  • Withdraw your interest. Tap into your interest for free at any time, but you'll have to wait until maturity to use your initial deposit.
  • No monthly fees. As with most CDs, the only time you'll pay a fee is if you need to withdraw your money early.
  • High opening deposit. You'll need to fork over at least $2,500 to open a CD with Sallie Mae, which is higher than average.
  • Limited customer service. The only way to contact Sallie Mae customer service is by phone. You can't email or live chat.
6-month term0.3%
9-month term0.3%
11-month term0.3%
12-month term0.6%
13-month term0.45%
15-month term0.45%
18-month term0.65%
24-month term0.6%
30-month term0.6%
60-month term0.45%

BrioDirect High-Rate CDs

0.6%
1-year APY
0.45%
3-year APY
0.45%
5-year APY
$500
Min. opening deposit
  • High APY. Your money grows with a competitive 0.3% APY.
  • Relatively low minimum deposit. Considering some banks have opening deposits of $10,000 or more, $500 is relatively low.
  • Online application. Open this CD in minutes when you apply online.
  • Early withdrawal penalty. You'll pay a fee equal to 90 days interest if you withdraw any of the principal balance before maturity. Plus, BrioDirect reserves the right to close your account if your balance dips below $500.
  • Limited customer service hours. Most online banks offer 24/7 customer service, but BrioDirect is only available weekdays from 8 a.m. to 8 p.m. ET and Saturdays from 8:30 a.m. to 3 p.m. ET.
3-month term0.25%
9-month term0.3%
12-month term0.6%
18-month term0.45%
24-month term0.45%
30-month term0.45%
48-month term0.45%
60-month term0.45%

Capital One 360 CD

0.2%
1-year APY
0.3%
3-year APY
0.4%
5-year APY
None
Min. opening deposit
  • No opening deposit. While most CDs require deposits of $1,000 or more, you can open one with Capital One for as little as $0.
  • Rate lock guarantee. If Capital One's CDs increase within 10 days of funding your account, you'll automatically get bumped up to the higher APY.
  • Early interest payments. Choose to have your interest deposited into your Capital One bank account once a month or at the end of your term.
  • Early withdrawal penalty. You'll lose three months of interest if you need to withdraw funds before your CD matures.
6-month term0.2%
9-month term0.2%
12-month term0.2%
18-month term0.25%
24-month term0.25%
30-month term0.25%
48-month term0.35%
60-month term0.4%

Barclays Online CDs

0.25%
1-year APY
0.3%
3-year APY
0.3%
5-year APY
$0.01
Min. opening deposit
  • No minimum balance. Open a Barclays Online 9-Month CD with as little as $0.01.
  • No monthly fees. It doesn't cost anything to open or maintain a CD with Barclays. The only time you'll pay a fee is if you need to withdraw your money early.
  • Early withdrawal penalty. You'll pay a penalty equal to 90 days simple interest if you need to tap into funds before maturity.
  • No branches. Barclays is entirely online in the US, so you can't visit a branch to open this account.
3-month term0.1%
6-month term0.1%
9-month term0.1%
12-month term0.25%
18-month term0.3%
24-month term0.3%
48-month term0.3%
60-month term0.3%

Citi CD

0.1%
1-year APY
0.1%
3-year APY
0.15%
5-year APY
$500
Min. opening deposit
  • Interest payout monthly. Choose to have your interest paid out to you monthly or at maturity.
  • Automatic renewal. Once your CD matures, it'll automatically renew for the same term unless you choose to make changes within the seven-day grace period.
  • Low APY. Citi's CD rates are almost non-existent. If you make a $500 deposit, you'll only earn $0.19 in interest at maturity.
3-month term0.05%
6-month term0.05%
7-month term0.05%
9-month term0.05%
11-month term0.05%
12-month term0.1%
13-month term0.1%
15-month term0.1%
18-month term0.1%
24-month term0.1%
30-month term0.1%
48-month term0.1%
60-month term0.15%

What’s changed in 2021?
We added Citi and Radius Bank to our list of best 9-month CD rates.

How do I choose the best 9-month CD?

To optimize your savings plan, choose the best nine-month CD rate for your unique needs by looking at:
  • Interest rate. Rates vary from bank to bank, but the national average for a 9-month CD is between 0.9% to 0.14%. Anything higher than this limit is considered a high-yield CD and is worth looking into.
  • Compounding period. Most interest rates compound daily, monthly or quarterly. You’ll earn the most money if you choose a nine-month CD that compounds interest daily.
  • Minimum balance requirement. Some banks will let you open a CD with $100 while others require $1,000 or more to get started. Look for an account with a minimum balance that matches your savings plan.
  • Fees. Most CDs won’t have monthly fees, but you likely will have to pay a fee if you withdraw money early. Check how steep the penalty fees are before choosing a nine-month CD — especially if there’s a chance you’ll need access to the money in an emergency.
  • Account type. Are you more comfortable opening a nine-month CD account online that lets you check on its progress from an app, or would you rather open an account in person so you can talk it over with someone at the bank?

Alternative 9-month CDs

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.

CIBC CDs

0.15%
1-year APY
0.3%
3-year APY
0.5%
5-year APY
$1,000
Min. opening deposit
  • Strong APY. Watch your money grow with a APY that compounds daily.
  • Minimum fees. You won't pay any monthly fees to open or maintain this account.
  • Various interest payment methods. Choose to roll the interest back into your CD, transfer it to another TAB Bank account or send it back to you by paper check.
  • Tiered APYs. Earn 0.45% on account balances up to $24,999 and 0.50% APY on balances over $25,000.
  • Accessible interest. CIBC lets you withdraw your interest at any time.
  • Online application. While some CIBC accounts must be opened in person, you can open this one online.
6-month term0.1%
12-month term0.15%
18-month term0.2%
24-month term0.25%
48-month term0.4%
60-month term0.5%

NASA Federal Credit Union Share Certificates

NASA Federal Credit Union Share Certificates logo
0.35%
1-year APY
0.55%
3-year APY
1%
5-year APY
$10,000
Min. opening deposit
  • High APY. Earn 0.6% APY on your total account balance.
  • 10-day grace period. As with most CDs, you'll have a window to withdraw your funds or renew for another term once your CD matures.
  • Online application. Apply for membership and open this CD without visiting a local branch.
  • $10,000 minimum deposit. You need at least $10,000 to open this CD, which is one of the highest minimums we've seen for 9-month CDs yet.
  • Early withdrawal penalty. You'll pay a fee equal to 180 days of interest if you need to access your money before it matures.
  • Membership requirements. If you're not affiliated with NASA or one of its partner companies, you can join by becoming a member of the National Space Society (NSS) and the credit union will pay your membership fee for the first year.
6-month term0.4%
9-month term0.6%
12-month term0.35%
15-month term0.65%
24-month term0.5%
48-month term0.85%
60-month term1%

TAB Bank CD

TAB Bank CD logo
0.6%
1-year APY
0.75%
3-year APY
0.85%
5-year APY
$1,000
Min. opening deposit
  • Strong APY. Watch your money grow with a 0.5% APY that compounds daily.
  • Minimum fees. You won't pay any monthly fees to open or maintain this account.
  • Various interest payment methods. Choose to roll the interest back into your CD, transfer it to another TAB Bank account or send it back to you by paper check.
  • $1,000 minimum. You'll need to set aside at least $1,000 to open this account.
  • Early withdrawal penalty. If you need to access your money before your CD matures, you'll pay a fee equal to 90 days' interest.
6-month term0.5%
9-month term0.5%
12-month term0.6%
18-month term0.65%
24-month term0.7%
48-month term0.8%
60-month term0.85%

Pros and cons of a 9-month CD

Before you open up a 9-month term deposit, consider how it compares to other savings products and CD terms:

Pros

  • Higher interest rates than savings accounts. You’ll typically earn a higher APY with a nine-month CD than you would with a traditional savings account or a three or six-month CD.
  • More flexibility. A shorter term means you have quicker access to your money, making nine-month CDs a good option if you know you’ll need your funds before the year ends.
  • Lower early withdrawal penalties. Short-term CDs with three to nine-month terms typically have lower early withdrawal penalties than long-term CDs with terms of 12 months or longer.

Cons

  • Lower interest rates than long-term CDs. Nine-month CDs have lower APYs than long-term CDs. If you’re able to commit to a one-, three- or five-year CD, you can get a better rate.
  • Not as popular as other CD terms. Not all banks offer short-term CDs. Of those that do, some only have three and six-month terms, which means your options could be limited.

How does a 9-month CD work?

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.

Should I open a 9-month CD?

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.

Is a 9-month CD safe?

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.

What happens when my 9-month CD matures?

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.

Bottom line

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.

More guides on Finder

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site