Apple Bank CD Rates and Details for 2025
Written by
Rudri Patel
Edited by
Melanie Grafil
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The key to successfully investing in CDs is to find the highest possible interest rate and to choose a term during which you think rates will not increase significantly. So, where can you find the highest CD rates? Rates change all the time, but Apple Bank typically has good rates, so it’s a good place to start.
Current Apple Bank CD Rates: September 2025
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’s a look at Apple Bank CD rates:
| CD Term | Annual Percentage Yield (APY) | Minimum Deposit |
|---|---|---|
| 6 months | $25,000 | |
| 7 months | $1,000 | |
| 8 months | $1,000 | |
| 9 months | $1,000 | |
| 1 year | $1,000 | |
| 15 months | $1,000 | |
| 18 months | $1,000 | |
| 2 years | $1,000 | |
| 3 years | $1,000 | |
| 4 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
- Competitive APYs
- FDIC-insured
- Daily compounding schedule
Cons
- Most accounts require a $1,000 minimum deposit
- Limited branch presence
- 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 Amount | Term Length | APY | Estimated Interest Earned* |
|---|---|---|---|
| $1,000 | 7 months | $19.70 | |
| $2,000 | 15 months | $81.58 | |
| $4,000 | 3 years | $370.91 | |
| $5,000 | 5 years | $796.37 |
How To Open an Apple Bank CD Account
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 your new CD 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 | $0Â | ||
| Discover | $0 |
Is an Apple Bank CD Right for You?
Here’s how to tell if an Apple Bank CD fits your savings goals — or if another option might be a better match.
Ideal For
- New York or New Jersey residents who want competitive rates
- Customers who prefer daily compounding
- Investors with at least $1,000 to depositÂ
Not Great For
- Anyone wanting a lower minimum deposit
- Someone seeking higher APYs
- People who need liquidity
Tips for Getting the Best CD Rates
Want the best rate on your CD? Here are some tips that may help:Â
- 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.Â
Apple Bank CDs: 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?
- The minimum deposit requirement is $1,000 for an Apple Bank CD. The 6-month special offer CD has a minimum deposit of $25,000.
- Do I need an Apple Bank account to open a CD?
- No, you don't need an Apple Bank account to open a CD.
- Can I open an Apple Bank CD online?
- Yes, you can open an Apple Bank CD online.
- What happens if I withdraw funds before the term ends?
- If you withdraw funds before your CD term ends, you may pay early withdrawal penalties.
- Are Apple Bank rates competitive in 2025?
- Apple Bank CD rates are competitive. They range from 2.90% to 4.15%.
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 Aug. 25, 2025.
*Capital One interest rates accurate as of Aug. 25, 2025. 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.
