Beal Bank CD Rates: 2025 Rates and Features
Written by
Rudri Patel
Edited by
Melanie Grafil
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Beal Bank offers CD accounts that allow you to lock in an interest rate for the term length. The APY rate varies based on the term length — shorter terms usually have higher rates.
The rates from Beal Bank are competitive, but you might be able to find comparable rates with a high-yield savings account. Â
| Term | APY | Minimum Deposit |
|---|---|---|
| 1-month CD | $1,000 | |
| 2-month CD | $1,000 | |
| 3-month CD | $1,000 | |
| 6-month CD | $1,000 | |
| 9-month CD | $1,000 | |
| 12-month CD | $1,000 | |
| 18-month CD | $1,000 | |
| 24-month CD | $1,000 | |
| 30-month CD | $1,000 | |
| 36-month CD | $1,000 | |
| 48-month CD | $1,000 | |
| 60-month CD | $1,000 |
Features and Benefits of Beal Bank CDs
Beal Bank CDs come with competitive rates and flexible terms. Here’s what you can expect:
| Feature | Details |
|---|---|
| Interest rates | Fixed interest rates for guaranteed earnings. |
| CD terms | Terms range from one month to five years. |
| FDIC insurance | Beal Bank is FDIC insured for added security. |
| APYs | APYs range from to . |
| Minimum deposit | The minimum deposit is $1,000. |
| Early withdrawal penalty | If you remove funds early from your CD, you will incur an early withdrawal penalty. -CDs with a term of one year or less: The greater of 1% of the amount withdrawn of half the interest that would’ve been earned on that amount. -CDs with a term over one year: The greater of 1% of the amount withdrawn or the replacement cost of the amount withdrawn. |
How Beal Bank’s CD Rates Compare to Competitors
Beal Bank CD rates are competitive, but how do they compare to other banks? Below is a breakdown of how Beal Bank’s CD rates measure up against competitors.
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| Beal Bank | 12-month | $1,000 | |
| Marcus at Goldman Sachs | 12-month | $500 | |
| Chase | 12-month | $1,000 | |
| Ally | 12-month | $0 |
While CD and savings rates matter, it’s also important to look at other banking features. Factors like account options, fees and overall convenience can play a big role in your decision.
MOST COMPARABLE
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
None
$5 monthly, waivable
$0
APY
APY
APY
Min Opening
Min Opening
Min Opening
$0
$0
$0
MOST COMPARABLE
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
Early withdrawal penalty may apply
No monthly service fee
No monthly service fee
APY
APY
APY
Up to
Up to
Up to
Min Opening
Min Opening
Min Opening
$500
$1,000
$0
How To Open a Beal Bank CD Account
Opening a Beal Bank CD account is a simple process. Follow these steps to get started:
- Choose the CD term length that best fits your savings goals.
- Have your Social Security number and a valid identification (such as a driver’s license) ready. You’ll also need a funding source, like a bank account for transfers or a check.
- If you’re an existing Beal Bank customer, log in to your account to open a CD. If you’re new to Beal Bank, begin the application online or visit a branch.
- Review all details and submit your application.
- Once processed, your CD will begin earning interest based on the selected term.
Pros and Cons of Beal Bank CDs
Thinking about opening a Beal Bank CD? Here’s a quick look at the advantages and potential drawbacks to help you decide.
Pros
- CD terms: Variety of CD term lengths.
- Competitive APYs: Competitive APY on a handful of terms.
- Accessibility: Easy to open an account.
- FDIC-insured: Funds are FDIC-insured.Â
Cons
- Limited online options: Limited online banking options compared to fully digital banks.
- Lack of physical locations: Fewer branch locations, which might not suit all users.
- Higher minimum deposit: CDs require a $1,000 minimum deposit.
Alternatives To Beal Bank CDs
Beal Bank offers a high-yield savings account that earns APY. The Statement Savings account is an excellent option if you want to access your money without penalty. However, savings account rates can decrease at any point, so monitoring the account throughout the months is essential.Â
If you want to proceed with Statement Savings, you must open a bank account with Beal Bank and deposit at least $500 in it.Â
Beal Bank also offers a money market account that benefits those who carry modest to high balances.
- For a money market account with a minimum balance of $1,000 you can earn up to APY.
- For those accounts that have a minimum balance of $25,000 or more earnings are at APY.Â
The Bottom Line
Beal Bank isn’t the right fit for everyone, but it can be an outstanding option if you have enough money to deposit and choose one of the terms with the highest APY. Even though some terms are competitive, you might be able to earn more at a different bank.Â
It’s also important to note that Beal Bank’s branch locations are limited, so it’s best for savers who are comfortable with online banking or live in a major city. You also need a decent amount of money to save since the minimum deposit is $1,000.Â
FAQs on Beal Bank CD Rates
Here are answers to common questions about Beal Bank CD rates and features.- Are Beal Bank CDs FDIC-insured?
- Yes, Beal Bank CDs are FDIC-insured.
- What happens if I withdraw early from a Beal Bank CD?
- If you withdraw early, you will likely pay a penalty.
- Does Beal Bank offer online CD account management?
- Yes, you can manage your Beal Bank CD online.
- What is the minimum deposit required for a Beal Bank CD?
- The minimum deposit to open a CD is $1,000.
Taylor Milam-Samuel 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 Sept. 12, 2025.
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.
