E*TRADE Certificate of Deposit
Hands-off savers who want no-fee, FDIC-insured fixed returns with daily compounding.
Anyone needing liquidity or the ability to add funds after the initial deposit.
E*TRADE's Bank CD package has genuinely strong structural bones: no monthly fees, no minimum deposit, daily compounding, a 10-day rate guarantee, and FDIC insurance through Morgan Stanley Private Bank. These are features that matter, and the no-minimum policy in particular opens the door to savers who can't meet the $500–$1,000 floors common at competing institutions. The problem is transparency. The product page failed to render any specific APY figures, and SwitchWize's own rate database returned no verified APY for this product at time of publication. Without a confirmed rate, we cannot tell you where E*TRADE sits relative to the current CD category average or how it ranks among the institutions we track. What we can say: with the Fed Funds Rate at 3.63%, the best 1-year CDs in our database are clustered well above that level. Any CD you're seriously considering should be benchmarked against that competitive band. Until E*TRADE's rates are confirmed in our system, treat this account as a strong operational option but verify current APY directly at etrade.com/ratesheet before committing.
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
- No monthly maintenance fee
- FDIC insured up to $250,000
| Term | APY |
|---|---|
| 6 months | 4.05% |
| 1 year | 4.10% |
| 2 years | 4.00% |
| 3 years | 4.00% |
| 5 years | 4.10% |
Apply online at etrade.com in minutes. Fund via ACH, wire, or check within 90 days of opening. To lock in the best rate, fund within 10 days to activate the 10-day rate guarantee.
E*TRADE's Bank CD package has genuinely strong structural bones: no monthly fees, no minimum deposit, daily compounding, a 10-day rate guarantee, and FDIC insurance through Morgan Stanley Private Bank. These are features that matter, and the no-minimum policy in particular opens the door to savers who can't meet the $500–$1,000 floors common at competing institutions. The problem is transparency. The product page failed to render any specific APY figures, and SwitchWize's own rate database returned no verified APY for this product at time of publication. Without a confirmed rate, we cannot tell you where E*TRADE sits relative to the current CD category average or how it ranks among the institutions we track. What we can say: with the Fed Funds Rate at 3.63%, the best 1-year CDs in our database are clustered well above that level. Any CD you're seriously considering should be benchmarked against that competitive band. Until E*TRADE's rates are confirmed in our system, treat this account as a strong operational option but verify current APY directly at etrade.com/ratesheet before committing.
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.