Schwab CDs, Earn Up to 5.05% APY

Schwab CDs, Earn Up to 5.05% APY

Update: Rates are now as lower, only up to 5.05% APY.

Charles Schwab is offering increased interest rates for CDs, going as high as 5.39 APY. The interest you earn varies on the maturity of the CD with the better rates for 7-9 months.

Here are all the rates: 

Maturity Ranges  Rates up to
1-3 Month CDs 4.89% APY
4-6 Month CDs 4.91% APY
7-9 Month CDs 4.83% APY
10-18 Month CDs 5.05% APY


All CDs in CD OneSource are offered by FDIC-insured banks. The Federal Deposit Insurance Corporation insures deposits at FDIC-insured banks. The basic insurance amount is $250,0001 per depositor per insured bank. Each CD you purchase from a different institution is FDIC-insured in aggregate based on ownership type at that bank. For example, if you own two CDs, $250,000 from one bank and $250,000 from a second bank, and you have no other deposits at those banks, you’re covered for $500,000.

Guru’s Wrap-up

Interest rates are expected to increase later this week, so we should see rates going up at other banks as well. 5.35% is still a great rate if you want to lock it in now. If you don’t want your money stuck in a bank for 10+ months, then check out the best options for high-yield accounts.


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