Checked November 1, 2026
CD rates with no minimum deposit
The best 12-month CD with no minimum deposit pays 4.55% APY at E*TRADE. We found 7 banks and credit unions that qualify.
Best rate for each term
Banks with no minimum deposit
| Bank | Minimum | 12-month APY |
|---|---|---|
| E*TRADE | None | 4.55% |
| Ally | None | 4.50% |
| Barclays | None | 4.50% |
| Zynlo Bank | None | 4.40% |
| Synchrony | None | 4.30% |
| Capital One | None | 4.00% |
| Alto Bank | None | 3.00% |
Banks that do not state a minimum on their rate page are left out. Confirm the minimum with the bank before you open a CD.
Questions
What is the best 12-month CD rate with no minimum deposit?
E*TRADE pays 4.55% APY on its 12-month CD. 7 banks in this group list a 12-month CD, and the middle rate is 4.40%.
Is there a 5-year CD with no minimum deposit?
Yes. E*TRADE pays 4.80% APY on a 5-year CD, the highest of 6 banks in this group that list one.
Does a low minimum deposit mean a lower rate?
Not always. Compare the 12-month rate of the banks listed here with the best rate on the main CD rates page before you decide. A bank can pay a strong rate and still ask for little to open the account.
Which banks are left out of this list?
Banks that do not state a minimum deposit on their rate page are left out, because we do not guess. That is 1 bank right now. A minimum can also change, so confirm it with the bank before you open a CD.
General information only. Rates change often; confirm the rate, minimum deposit and early withdrawal penalty with the bank before you open a CD. SwitchWize is not a bank and does not give financial advice.