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Comenity CD rates review

Earn up to 0.90% APY, but with a $1,500 minimum deposit.’s rating: 3.8 / 5.0


Comenity CDs offer strong interest rates ranging from 0.65% APY to 1.1% APY. But the shortest CD term available is one year, and it has a high opening deposit of $1,500.


1-year APY


3-year APY


5-year APY


Star rate3.8
1-year APY0.65%
2-year APY0.75%
3-year APY1%
4-year APY1.05%
5-year APY1.1%
Early withdrawal penaltyEarly withdrawal penalty not advertised
Minimum deposit to open$1,500
Interest compoundingDaily

Review by

Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.

Expert review

Comenity CD rates are some of the best in the business. You’ll earn anywhere from 0.65% on its 1-year CD to 1.1% on its 3-, 4- and 5-year CDs. But to offset its higher interest rate, Comenity requires $1,500 to open an account — a higher opening deposit than what you’ll find at other banks that offer deposits as low as $0 to $500.

Fortunately, its early withdrawal penalties are kinder than some of its competitors, so you’ll still be able to access your cash in an emergency. But your withdrawal penalty depends on your CD term. For instance, you’ll pay six months’ worth of interest when you open a CD with a term length between one to three years. And you’ll pay one years’ worth of interest on CDs with term lengths of four years or more.

How do I open a Comenity CD?

Start earning interest on a Comenity CD in seven steps.

  • Go to the provider’s site and follow the steps to apply.
  • Hover over Products in the menu bar and select Certificates of Deposit.
  • Choose the term you’d like to open.
  • Input your basic info, including name, email and phone number. Select Continue.
  • Verify your email by inputting the confirmation code.
  • Enter your personal details, such as your address and Social Security number.
  • Fill in your funding information and follow the prompts to submit your application.


To qualify for a Comenity CD account, you’ll need to meet these requirements:

  • At least 18 years old
  • US citizen or permanent resident
  • Have an existing bank account

Required information

The Comenity CD application will require the following details:

  • Full name
  • Email address
  • Phone number
  • Residential address
  • Social Security number
  • Government-issued ID

Funding options

To fund your CD, you’ll need to transfer at least $1,500 from an existing bank account or initiate a free incoming wire transfer.

3 benefits of a Comenity CD

On top of its quick CD application process, Comenity CDs also come with these additional perks:

  • Fantastic interest rate. Comenity CD rates offer some of the highest in the industry. You’ll earn 0.65% APY on a 1-year CD, 0.75% APY on a 2-year and 1% APY, 1.05% APY and 1.1% APY on 3-, 4- and 5-year CDs, respectively.
  • Fair early withdrawal penalty. While some banks charge severe early withdrawal fees, Comenity’s charges are average for what you’ll find on other CDs. For example, while Quontic Bank charges a harsh one years’ worth of interest for a 1-year CD, Comenity charges six months’ worth of interest if you pull your cash out early.
  • Extensive customer service hours. You can speak with a Comenity customer rep as early as 7 a.m. CT and as late as 11 p.m. CT on weekdays. And they’re also available on weekends and most holidays.

3 things to watch out for

Despite Comenity’s competitive interest rates, they come with the following caveats.

  • High opening deposit. You’ll need to deposit $1,500 in a single transaction when you open a CD. While it’s not the highest opening deposit we’ve seen, we’ve seen ones as low as $0 to $500.
  • No shorter CD terms. Unlike some banks that offer CD terms as low as one month, Comenity CD terms start at one year.
  • Limited withdrawal options. You can cash out your Comenity CD for free with an ACH transfer. But an outgoing wire transfer costs $25, and a check withdrawal comes with a $15 fee.

You might want to shop around for another high-yield CD if you’re in the market for a CD term less than a year.

Compare Comenity CDs with other certificates of deposit

Use this table to compare other CDs by interest rates and opening deposits.

Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
Quontic Bank CD
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less
State Exchange Bank CD
Locally-owned independent community bank. FDIC insured. No fees.
CIT Bank Term CDs
Choose from a range of terms with no maintenance fees and $1,000 minimum to open.

Compare up to 4 providers

How do I cash in a CD?

Like most CDs, it will automatically renew into another CD with the same term but at the current interest rate once it has completed its full term. You can also cash out your CD within the 10-day grace period.

If you need to withdraw your cash before your CD is mature, you’ll pay six months’ worth of interest on CDs with terms between one and three years. For CDs with term lengths of four years or longer, the penalty is equivalent to one years’ worth of interest.

How to contact Comenity customer service?

If you have questions about your Comenity CD, you can call 833-755-4354 weekdays from 7 a.m. to 11 p.m. CT as well as on weekends and most holidays from 9 a.m. to 5 p.m. CT.

CDs ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

Read the full methodology of how we rate CDs.

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