Apple Bank CD Rates for 2026: Latest APYs and Terms
Written by
Rudri Bhatt Patel, CFHC™
Edited by
Joe Evans
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
If you live in New York or New Jersey and want a simple way to grow savings at a fixed rate, Apple Bank’s certificates of deposit (CDs) are worth a look. The bank offers a mix of short and longer terms, daily compounding and FDIC insurance, with rates that beat the national CD average but sit below the very top online banks.
Apple Bank’s current CD rates change at any time. Always confirm the latest APYs on Apple Bank’s site before you open an account.
Current Apple Bank CD Rates for Early 2026
Apple Bank offers fixed-rate CDs with terms from 3 months to 5 years. All of the personal CDs below:
- Require a $1,000 minimum deposit
- Compound interest daily
- Charge no maintenance fees
Apple Bank Personal CD Rates
| CD term | APY | Minimum opening deposit | How to open |
|---|---|---|---|
| 3 months | 2.75% APY | $1,000 | Online or in branch |
| 6 months | $1,000 | Online or in branch | |
| 7 months | $1,000 | Online or in branch | |
| 9 months | $1,000 | Online or in branch | |
| 12 months (1 year) | $1,000 | Online or in branch | |
| 15 months | $1,000 | Online or in branch | |
| 18 months | $1,000 | Online or in branch | |
| 2 years | $1,000 | Online or in branch | |
| 3 years | $1,000 | Online or in branch | |
| 5 years | $1,000 | Online or in branch |
Apple also periodically runs special in-branch CD offers that may require “new money” and higher minimums, so it’s worth checking the promotions section or asking a banker if you’re bringing a large deposit.
As of mid-December 2025, the national average 12-month CD rate is about 1.63% APY, so Apple Bank’s 1-year CD at 3% APY is significantly higher than average.
Key Features of Apple Bank CDs
| Feature | Details |
|---|---|
| Term range | 3 months to 5 years on personal CDs |
| Minimum deposit | $1,000 to open and earn the stated APY on personal CDs |
| Compounding | Interest compounds daily and can be credited to your CD or transferred to another Apple Bank account |
| Fees | No monthly maintenance fees on CDs |
| FDIC insurance | Deposits in checking, savings, CDs and money market accounts are FDIC insured up to $250,000 per depositor, per ownership category |
| Availability | CD account opening is limited to select states, and online flows show it is available to residents of New York and New Jersey for new accounts |
| Branch network | Apple Bank operates 75+ branches across New York City, Long Island and nearby counties |
| Larger-balance coverage | CDARS® is available for customers who want FDIC coverage on larger CD balances through a network of banks |
How Much Can You Earn With an Apple Bank CD?
Because Apple Bank CDs compound daily, you’ll earn slightly more than simple interest, but these estimates give you a quick ballpark.
| Deposit | Term | APY | Approx. interest earned* |
|---|---|---|---|
| $5,000 | 6-month CD | about $75 | |
| $5,000 | 7-month CD | about $87 | |
| $10,000 | 12-month CD | about $300 | |
| $10,000 | 2-year CD | about $550 | |
| $10,000 | 5-year CD | about $1,375 |
*Actual returns will be slightly higher because interest compounds daily and APYs can change for future CDs you open.
How Apple Bank CD Rates Compare
Here’s how Apple Bank’s CD rates stack up against broader market benchmarks:
- Versus national averages: FDIC data shows the average 12-month CD at 1.63% APY as of December 15, 2025, so Apple Bank’s 1-year 3% APY is nearly double the average branch CD.
- Versus top online CDs: Best-in-market 1-year CDs are still offering around 4% to 4.2% APY heading into 2026, which is higher than Apple Bank’s 3% but often requires opening accounts with smaller online institutions.
- Versus other regional banks: Apple Bank’s mix of 3% short-term CDs and 2.75% longer terms is broadly competitive with many regional banks that hover in the mid-2% to low-3% range for similar maturities.
So Apple Bank is strongest if you want better-than-average branch CD rates while keeping everything within one local bank, but it may not be the top choice for pure rate chasers.
Apple Bank CD Rates vs. Other Banks
How do Apple Bank CD rates stack up against other banks? Here’s a side-by-side comparison:
| Bank | 1-Year CD Rate | 5-Year CD Rate | Minimum Deposit |
|---|---|---|---|
| Apple Bank | $1,000 | ||
| Charles Schwab | N/A | $1,000 | |
| Capital One* | $0 | ||
| Popular Direct | $10,000 | ||
| Ally Bank | $0 | ||
| Discover | $0 |
How To Open an Apple Bank CD
You can open an Apple Bank CD online or at a branch, but eligibility is limited by state.
1. Confirm you’re eligible
- Online application flows show that Apple Bank CDs are available to residents of New York and New Jersey for new accounts.
- Existing Apple Bank customers in other states may have additional options, but that’s determined during the application process.
2. Choose your CD term
Match the term to your timeline:
- Short-term goals (under 1 year): 3-, 6-, 7- or 9-month CDs
- Medium-term goals (1-3 years): 12-, 15-, 18-month or 2-year CDs
- Longer-term goals: 3- or 5-year CDs
3. Check the latest APY
Visit Apple Bank’s CD rates page and confirm the current APY for your chosen term.
4. Gather your information
You’ll typically need:
- Name, address and date of birth
- Social Security number or taxpayer ID
- Government-issued ID (driver’s license, passport or similar)
- Existing bank account info if you’re funding electronically
5. Apply online or in branch
- Online: Start from Apple Bank’s CD page, pick your term and complete the application in a few minutes if you live in an eligible state.
- Branch: Visit one of Apple Bank’s 75+ New York branches if you prefer in-person help.
6. Fund your CD and set maturity instructions
- Move money from an Apple Bank checking or savings account, or link an external bank
- Choose what happens at maturity: renew into a new CD, transfer to savings or withdraw during the grace period
Pros and Cons of Apple Bank CDs
| Pros | Cons |
|---|---|
| CD rates that beat the national average on key terms like 1 year | APYs are lower than the very best online CDs, which can still top 4% on some terms |
| Wide choice of terms from 3 months to 5 years, including unique 7- and 15-month options | Availability is limited mainly to New York and New Jersey residents for new accounts |
| Daily compounding, no maintenance fees and predictable fixed rates | $1,000 minimum deposit can be a hurdle if you want to start with a small amount |
| FDIC insurance up to $250,000 per depositor, per ownership category, with CDARS® available for larger balances | Early withdrawal penalties can reduce or even eat into interest if you cash out before maturity |
Is an Apple Bank CD Right for You?
An Apple Bank CD may be a good fit if you:
- Live in New York or New Jersey and want to keep savings with a local bank
- Prefer a simple, fixed return rather than stock-market volatility
- Have at least $1,000 to lock in for a set term
- Want higher rates than average branch CDs but don’t need the absolute top national yield
You may want to look elsewhere if you:
- Are comfortable opening accounts with online-only banks to chase the highest APYs available
- Need more flexibility and expect to access your savings before the CD matures
- Live outside Apple Bank’s service area and aren’t already a customer
Final Take to GO
Apple Bank CDs give New York and New Jersey savers a way to earn solid, fixed returns that outpace average branch CDs while staying with a familiar regional bank. The sweet spot is its cluster of 3% APY short-term CDs, which can work well for 2026 goals like building an emergency fund or saving for a big purchase.
If you’re hunting for maximum yield, you can likely find higher APYs at top online banks or through brokered CDs. But if you value local branches, straightforward terms and FDIC-insured stability, Apple Bank’s CD lineup can be a simple, dependable piece of your savings plan heading into 2026.
Sarah Sharkey and Karen Doyle contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Jan. 1, 2026.
*Capital One interest rates accurate as of Jan. 1, 2026. See website for all current rates.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
