E*TRADE CD Rates for 2025

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E*TRADE from Morgan Stanley is a financial services company specializing in commission-free trading of stocks, ETFs and mutual funds. The company also offers bonds, futures and options for a fee.
E*TRADE offers brokered and banking CDs.
E*TRADE Banking CD Rates
E*TRADE CDs have no monthly maintenance fees or minimum deposit for. Your interest will compound daily. Here are the current rates:
- 6 months: APY
- 9 months: APY
- 12 months: APY
- 18 months: APY
- 24 months: APY
- 36 months: APY
- 60 months: APY
What Are Brokered CDs?
Brokered CDs are similar to the CDs that banks issue. These are fixed-rate investments that promise a set amount of return on your investment as long as you keep your money invested until the maturity date.
Brokered CDs can be bought and sold on a secondary market, penalty-free. Rather than cashing in your CD before its maturity date, losing interest and incurring penalties, you can sell it for cash.
As with bank CDs, brokered CDs are FDIC-insured by the bank that sold it, up to $250,000 per issuing bank, per depositor. If you purchase multiple brokered CDs from different banks and hold them in the same account, you’ll increase your FDIC insurance to as much as $250,000 per bank.
Brokered CDs at E*TRADE
For brokered CDs, the rates differ depending on which bank issued the CD. When you buy a brokered CD, you purchase it through E*TRADE with the option to sell it before it matures. Â
You can buy a newly issued brokered CD from any of the hundreds of banks listing new CDs for sale through the E*TRADE brokerage with no fees or commissions. If you want to purchase a CD on the secondary market, expect to pay $1 per CD.
Fees and Early Withdrawal for E*TRADE
You can withdraw your money from your CD within 7 days of opening it without having to pay a penalty. If you withdraw your money after that, you will have to pay back a certain amount of interest based on the term of your CD. Here are the penalties based on the term:
Term | Penalty – Days of Interest |
---|---|
3-month | 20 |
6-month | 45 |
7-month | 50 |
9-month | 70 |
11-month | 80 |
12-month | 90 |
18-month | 135 |
2-year | 180 |
3-year | 270 |
5-year | 450 |
Can You Sell Your CD Before It Matures?
If you purchase a CD from E*TRADE and decide you want to sell it before the maturity date, you won’t pay any fees if you can sell it on the secondary market. But if the interest rate on your CD is lower than current market rates, you might have to sell the CD at a loss.
Brokered CDs are callable, which means the CD issuer could decide to close the CD before the maturity date.
How E*TRADE CDs Compare
When you’re shopping for CDs online, you’ll want to weigh your options to find the best product for you. Here are some other brokerage accounts that also sell CDs.
Charles Schwab
Charles Schwab is a top brokerage offering fixed income investments, including CDs through Schwab CD OneSource. The CD rates are higher than what you might find at traditional banks. Schwab offers both callable and non-callable CDs.
Here are the CD rates for Charles Schwab:
Term | APY |
---|---|
3 months | Up to |
6 months | Up to |
9 months | Up to |
1 year | Up to |
18 month | Up to |
2 years | Up to |
When you purchase Schwab CDs through the secondary market, you’ll pay a transaction fee of $1 per CD.
Fidelity
Fidelity is another excellent option for investors looking to buy brokered CDs. One advantage of Fidelity is that you can purchase fractional CDs starting at $100. You’ll need a minimum investment of $1,000 for most CDs from Fidelity.
Here are the current rates for newly issued CDs from Fidelity:
Term | APY |
---|---|
3 month | |
6 month | |
9 month | |
1 year | |
18 month | |
2 year | |
3 year | |
4 year | |
5 year |
E*TRADE CD Pros and Cons
Brokered CDs have many advantages over bank CDs, including the flexibility to try and sell them on the secondary market if your financial situation or goals change. Here are some of the pros and cons of E*TRADE’s brokered CDs.
Pros
- FDIC-insured
- Interest rates may be higher than most traditional bank CDs
- Option to sell on secondary market
- No monthly maintenance fees
Cons
- CD may be callable, which means you could lose interest earnings
- May be difficult to quickly sell on the secondary market
- Interest is not typically compounded
How To Open an E*TRADE CD
If you don’t have an E*TRADE account, you’ll need to set one up.
- Click open an account and provide some personal information.
- Log in and click the type of CD you want.
- Search for the product you want based on new issue or secondary market, yields and maturity dates.
- Transfer funds to your account.
- Choose the CD you want to buy.
- Read the fine print, making sure you understand withdrawal penalties and term limits.
- Purchase the CD.
Who Is an E*TRADE CD Best For?
An E*TRADE CD is best for investors who already have an E*TRADE account and want the ease of managing their investments on one platform. E*TRADE CD rates may be better than many traditional banks, but you could find even higher rates from other trading platforms.
E*TRADE CDs also provide estate protection, which means that the CD can be redeemed at face value, regardless of market price, by an heir if the original account holder dies. For people concerned about wealth preservation, CDs are a low-risk way to hold funds, giving your loved ones easy access to cash should you pass.
Anyone looking for fixed and stable investments with low risk to diversify their portfolio might consider E*TRADE brokered CDs.
FAQs on E*TRADE CD Rates
Here are the answers to some of the most frequently asked questions on E*TRADE CDs.- Does E*TRADE charge a fee for CDs?
- E*TRADE does not charge a fee for new-issue CDs. Brokered CDs purchased on the secondary market carry a fee of $1 per trade.
- Who has the highest 12-month CD rate today?
- Some of the highest one-year CD rates can be found at Bread Savings, First Internet Bank and Bask Bank.
- Does E*TRADE have CDs?
- Yes, E*TRADE offers brokered CDs with terms ranging from three months to more than 30 years.
- Can I add more funds to my E*TRADE CD after opening it?
- E*TRADE does not allow you to add funds to a CD after you purchase it. However, you can always open up additional banking CDs and even create a ladder strategy, which is one way to continue saving your funds after you've opened a CD.
- Are E*TRADE CDs FDIC insured?
- Yes, E*TRADE CDs carry the same FDIC insurance as all other bank-issued deposit products, up to $250,000 per depositor, per insured bank, per account type.
- What happens when my E*TRADE CD matures?
- For E*TRADE Bank CDs, your money will automatically renew into a CD with the same term unless you take action within seven days after maturity. Your other options include receiving the cash or rolling that money into a new CD of your choosing. For brokered CDs, you will receive a cash payment to your account, and it will not automatically renew.
John Csiszar contributed to the reporting for this article.
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.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 5, 2025.Â