Apple Bank CD Rates and Terms for February 2026
Written by
Rudri Bhatt Patel, CFHC™
Edited by
Elizabeth Constantineau, CFHC™
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The key to successfully investing in certificates of deposit (CDs) is finding the best rate and choosing a term that fits your goals — ideally one where you don’t expect rates to rise much during that period. So, where can you find the highest CD rates? Rates change often, but Apple Bank is known for offering competitive options, so it’s a good place to start.
Current Apple Bank CD Rates: February 2026
Apple Bank offers CDs with terms between six months and five years. The CDs listed compound daily, and the funds are credited to your account monthly or quarterly. Here are the current Apple Bank CD rates:
| CD Term | APY | Minimum Opening Deposit |
|---|---|---|
| 3 months | $1,000 | |
| 6 months | $1,000 | |
| 7 months | $1,000 | |
| 9 months | $1,000 | |
| 12 months | $1,000 | |
| 15 months | $1,000 | |
| 18 months | $1,000 | |
| 2 years | $1,000 | |
| 5 years | $1,000 |
Pros and Cons of Apple Bank CDs
Like any financial product, Apple Bank CDs come with pros and cons. Here’s what to consider before opening an account.
| Pros | Cons |
|---|---|
| Competitive annual percentage yields (APYs) | Accounts require a $1,000 minimum deposit |
| FDIC-insured | Limited branch presence |
| Daily compounding schedule | Early withdrawal penalties |
How Much Can You Earn With an Apple Bank CD?
Here’s a simple example showing estimated earnings with Apple Bank CDs:
| Deposit | CD Term | APY | Estimated Interest Earned* |
|---|---|---|---|
| $5,000 | 6 months | $74.45 | |
| $5,000 | 7 months | $86.96 | |
| $10,000 | 12 months | $300 | |
| $10,000 | 2 years | $506.25 | |
| $10,000 | 5 years | $1,314.08 |
How To Open an Apple Bank CD
You can open an Apple CD account easily from your internet-equipped device or go in-person if you have a branch location available in your state.
To open an account, you’ll need the following:
- Personal information: Including your name, address, Social Security number and email address
- Routing number: To fund the account
- Valid ID: Provide a driver’s license, passport or other government-issued ID
If you want to go to a branch, you can make an appointment online ahead of time so someone will be ready to help you when you get to the branch.
Apple Bank branches are located in New York — in Manhattan, Brooklyn, the Bronx, Queens, Staten Island, Westchester, Suffolk, Nassau and Rockland — and New Jersey.
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 |
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
Tips for Getting the Best CD Rates
Want the best rate on your CD? Here are some tips that may help:
- Consider relationship banking perks: Think about getting a CD at your existing bank. Sometimes CDs get better rates if you are a long-time customer or have several accounts.
- Compare multiple terms: Price shop at multiple banks to find the best APY that works for you.
- Look for promotional or limited-time offers: Banks often offer special rates or offers on their CDs. Check online or ask in person for those offers.
Apple Bank CD Rates FAQ
Here are the answers to some common questions about Apple Bank CD rates and features.- What is the minimum deposit for an Apple Bank CD?
- Personal CDs require a $1,000 minimum deposit to open. Some in-branch promotional offers may require larger “new money” deposits.
- Are Apple Bank CDs FDIC-insured?
- Yes. Balances in Apple Bank checking, savings, money market accounts and CDs are FDIC insured up to $250,000 per depositor, per ownership category.
- Who can open an Apple Bank CD?
- Apple Bank CDs are currently available to residents of New York and New Jersey for new accounts. Existing customers in other states may have options, but eligibility is limited and determined during the application process.
- How do Apple Bank CD rates compare to national averages?
- Apple Bank CDs are well above national averages. However, you might be able to find even higher rates at an online bank or credit union.
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. 16, 2026.
*Capital One interest rates accurate as of Jan. 16, 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.
