EagleBank Certificate of Deposit
Savers wanting a fixed short-to-mid-term rate above 4% with a low $1,000 entry point.
Investors needing liquidity or competitive rates on terms beyond 15 months.
EagleBank's 15-month CD at 4.05% APY is the headline number here — sitting 0.42 percentage points above the current Fed Funds Rate of 3.63%, which qualifies as a real positive yield in today's environment. That said, it's the lone standout in an otherwise mid-tier rate sheet. The 12-month lands at 3.95%, which is below the top-quartile online CD average for that term in our database, and terms of 18 months and beyond drop to 3.75%–3.80%, well behind the most competitive offers nationally. The rate curve is notably inverted at the long end — you earn the same 3.75% whether you lock up for 2 years or 5 years, which is a poor trade-off. For in-person or regional bank shoppers in the DC-Maryland corridor, EagleBank offers reasonable accessibility with online opening and a modest $1,000 minimum. But for pure rate-chasing, the 15-month is the only term that competes seriously. One structural note: the 15-month auto-renews into a 12-month CD — confirm the renewal rate at maturity to avoid a silent rate drop.
Confirm the rate and term are still available. Review the early-withdrawal penalty in the fee schedule — it can erase months of interest.
Jun 14, 2026
SwitchWize Research Desk · methodology
- FDIC insured up to $250,000
- Monthly fee: Not mentioned on page
- Opening deposit required: $1,000
| Term | APY |
|---|---|
| 3 months | 3.65% |
| 6 months | 3.95% |
| 1 year | 4.10% |
| 1.5 years | 4.05% |
| 2 years | 4.05% |
| 3 years | 3.75% |
| 5 years | 3.75% |
Standard CDs can be opened online directly through EagleBank's website. CDARS accounts require a branch visit or phone call. Have $1,000 ready for standard CDs or $10,000 for CDARS. Rates are not locked until the account is officially opened.
EagleBank's 15-month CD at 4.05% APY is the headline number here — sitting 0.42 percentage points above the current Fed Funds Rate of 3.63%, which qualifies as a real positive yield in today's environment. That said, it's the lone standout in an otherwise mid-tier rate sheet. The 12-month lands at 3.95%, which is below the top-quartile online CD average for that term in our database, and terms of 18 months and beyond drop to 3.75%–3.80%, well behind the most competitive offers nationally. The rate curve is notably inverted at the long end — you earn the same 3.75% whether you lock up for 2 years or 5 years, which is a poor trade-off. For in-person or regional bank shoppers in the DC-Maryland corridor, EagleBank offers reasonable accessibility with online opening and a modest $1,000 minimum. But for pure rate-chasing, the 15-month is the only term that competes seriously. One structural note: the 15-month auto-renews into a 12-month CD — confirm the renewal rate at maturity to avoid a silent rate drop.
What happens if I withdraw from a CD early?
Most CDs charge an early-withdrawal penalty — typically 60 to 150 days of interest depending on the term. Breaking a 12-month CD at month 3 with a 90-day penalty can reduce your effective yield to near zero. Always read the fee schedule before opening.
Is a CD FDIC insured?
Yes. Certificates of deposit at FDIC-member banks are insured up to $250,000 per depositor. The fixed rate and FDIC coverage make CDs one of the safest places to hold cash you can afford to leave untouched for the full term.
What is a CD ladder?
A CD ladder splits your savings across multiple CDs with staggered maturities — for example, 3-month, 6-month, and 12-month terms. As each CD matures, you reinvest at the current rate, giving you the higher rates of longer terms and regular access to a portion of your cash.
Can the CD rate change after I open it?
No. The APY on a standard CD is locked at the opening rate for the full term. This is the main advantage over a high-yield savings account: you know exactly what you will earn, regardless of future Fed rate cuts.
Rates are sourced from Bankrate and verified by SwitchWize. SwitchWize may earn a referral fee when you click through to a partner. Content is for informational purposes only and does not constitute financial advice. Verify current rates directly with the institution before opening an account.