Open Bank CD Rates (November 2026) & Calculator
Open Bank pays up to 3.75% APY on a 1-year CD. Pick a term to see what your deposit earns, how it compares and what breaking it early would cost.
Open Bank CD rates (Nov 7, 2026)
Every CD term Open Bank lists on its website, with what $10,000 earns over the full term.
| Term | Product | Minimum | APY | APY at $250,000+ | $10,000 earns |
|---|---|---|---|---|---|
| 1 month | Certificate of Deposit | $1,000 | 2.02% | – | $16.68 |
| Certificate of Deposit | $1,000 | 1.00% | 1.51% | $8.30 | |
| 3 months | Certificate of Deposit | $1,000 | 3.02% | – | $74.66 |
| 6 months | Certificate of Deposit | $1,000 | 3.50% | – | $173.49 |
| 1 year | Certificate of Deposit | $1,000 | 3.75% | – | $375.00 |
| 13 months | Certificate of Deposit | $1,000 | 3.25% | – | $352.56 |
| 18 months | Certificate of Deposit | $1,000 | 3.00% | – | $453.36 |
Special is a promotional rate. Relationship needs a linked account at Open Bank. A dash means the same APY as the opening balance. The highlighted row is Open Bank's top rate.
Source: Open Bank CD rates. Rates change often; confirm before you open an account.
Open Bank vs the national average
The FDIC national average is what banks and credit unions pay on average, weighted by deposits (Oct 19, 2026). The last column is the best rate among the 82 other banks we track for the same term.
| Term | Open Bank | National avg | Best other bank |
|---|---|---|---|
| 1 month | 2.02% | 0.23% | SchoolsFirst FCU 3.15% |
| 3 months | 3.02% | 1.14% |  Popular Direct 4.30% |
| 6 months | 3.50% | 1.39% | Popular Direct 4.35% |
| 1 year | 3.75% | 1.76% |  Sallie Mae 4.60% |
| 13 months | 3.25% | 1.76% (12 mo) |  CIBC Agility 4.50% |
| 18 months | 3.00% | 1.76% (12 mo) | Popular Direct 4.80% |
Open Bank CD early withdrawal penalty
| Term | Penalty |
|---|---|
| 7 to 456 days | 30 days of interest |
Example: $10,000 in a 1-year CD at 3.75%, withdrawn after 6 months, has earned $185.77. The penalty is $30.26, so you would get $10,155.51.
Model your own deposit and withdrawal date with Open Bank's rule pre-filled, including the month the interest beats the penalty and whether switching to a better rate pays off, on the CD early withdrawal penalty calculator.
The disclosure is dated February 2025. It gives a rule for terms up to 456 days only. For longer terms, enter the penalty yourself. The penalty can reach your principal. Official disclosure (checked 2026-11-07).
Taxes on Open Bank CD interest
CD interest is taxable as ordinary income, federally and in most states. You owe tax in the year the interest is credited or accrues, even if it stays in the CD until maturity. Open Bank sends Form 1099-INT when you earn $10 or more in a year. For example, the $375.00 that $10,000 earns over 1 year at 3.75% would cost about $83 in federal tax in the 22% bracket.
If you pay an early withdrawal penalty, it appears in box 2 of your 1099-INT and you can deduct it from your income, even if you don't itemize. CDs held in an IRA follow IRA tax rules instead. See IRS Publication 550.
How We Calculate & Keep This Accurate
Maturity value is your deposit grown at the APY for the term: A = P × (1 + APY)^(months ÷ 12). The APY for each term is the highest balance tier your deposit qualifies for. Early withdrawal penalties are charged as simple interest on the deposit at the CD's interest rate (the APY converted to its daily rate), following Open Bank's published rule for that term.
Rates come from Open Bank's own rate page. We use the APY Ledger dataset (CC BY 4.0) to spot rate changes, and we checked a sample of rates and the penalty rules against Open Bank's website and disclosures. Results are estimates, not an offer from the bank.
Primary Sources
Data & Freshness
Figures reflect 2026 tax-year data.
Last updated November 7, 2026 · Maintained by the Financial Calculator editorial team.
Open Bank CD FAQs
Quick answers about Open Bank CD rates and penalties.
What are Open Bank's CD rates today?
How much will $10,000 earn in a 1-year Open Bank CD?
What is Open Bank's CD early withdrawal penalty?
Are Open Bank CDs insured?
How do Open Bank's rates compare with the national average?
Compare CD rates at other banks
Best APY at each bank for a $10,000 deposit, checked Nov 7, 2026. Open Bank's best is 3.75%.
- Popular Direct1-year 4.60%Top rate5.00%5 yr
- Sallie Mae1-year 4.60%Top rate5.00%5 yr
E*TRADE1-year 4.55%4.80%2 yr
Barclays1-year 4.50%4.75%2 yr- FNBA1-year 4.45%4.75%10 yr
Synchrony1-year 4.30%4.75%5 yr- Wright-Patt1-year 4.25%Credit union4.70%6 yr
Ally1-year 4.50%4.50%1 yr
American Express1-year 3.75%4.50%10 mo- CIBC Agility1-year 4.50%4.50%1 yr
EverBank1-year 3.50%4.50%2 yr
Live Oak Bank1-year 4.50%4.50%1 yr
Salem Five1-year 4.50%4.50%1 yr
America First1-year 3.90%Credit union4.45%5 yr
Capital One1-year 4.45%4.45%1 yr
Andrews Federal1-year 4.05%Credit union4.40%15 mo
Associated Bank1-year 1.00%4.40%13 mo
Marcus1-year 4.40%4.40%1 yr
City National1-year 4.39%4.39%1 yr
Bask Bank1-year 4.35%4.35%1 yr- Consumers Credit Union1-year 0.90%Credit union4.35%7 mo
- Alliant1-year 4.30%Credit union4.30%1 yr
Atlantic UnionNo 1-year CD4.30%13 mo
Eastern BankNo 1-year CD4.30%18 mo
Flagstar1-year 4.30%4.30%1 yr
FNBNo 1-year CD4.30%13 mo
Huntington1-year 0.25%4.30%13 mo
ICCU1-year 4.15%Credit union4.30%5 yr- SchoolsFirst FCU1-year 3.95%Credit union4.30%19 mo
SECU1-year 4.00%Credit union4.30%18 mo
TD Bank1-year 4.15%4.30%2 yr
BOK FinancialNo 1-year CD4.25%14 mo
Citi1-year 4.25%4.25%1 yr
Fulton Bank1-year 0.70%4.25%25 mo
PNC1-year 0.02%4.25%13 mo
Poppy Bank1-year 4.25%4.25%3 mo
UMB1-year 0.10%4.25%15 mo
Webster Bank1-year 0.02%4.25%11 mo · rel.
Wells Fargo1-year 1.51%4.25%11 mo · rel.
WSFS1-year 2.75%4.25%7 mo- Old NationalNo 1-year CD4.15%11 mo
Rockland Trust1-year 4.00%4.15%18 mo
Cambridge Savings1-year 2.75%4.10%10 mo
M&T Bank1-year 3.00%4.10%18 mo · rel.
Navy Federal1-year 4.05%Credit union4.10%18 mo
Valley Bank1-year 3.50%4.10%6 mo
WaFd Bank1-year 3.00%4.10%13 mo- United Bank1-year 2.00%4.05%11 mo
Bangor Savings1-year 0.85%4.00%39 mo · rel.
Cape Cod Five1-year 4.00%4.00%1 yr · rel.
CIT Bank1-year 4.00%4.00%1 yr
First Citizens1-year 2.00%4.00%5 mo- First Internet Bank1-year 4.00%4.00%1 yr
- Mission Fed1-year 3.10%Credit union4.00%11 mo
- Sutton Bank1-year 0.40%4.00%13 mo · rel.
Hingham Savings1-year 3.90%3.90%1 yr- Customers BankNo 1-year CD3.85%3 mo
- Johnson Bank1-year 2.75%3.85%13 mo
PenFed1-year 3.60%Credit union3.80%5 yr
Armed Forces Bank1-year 3.55%3.75%18 mo
ESL1-year 0.12%Credit union3.75%7 mo
Five Star Bank1-year 0.30%3.75%11 mo
Forbright Bank1-year 3.65%3.75%9 mo
Star One1-year 3.70%Credit union3.75%2 yr
Fifth Third1-year 3.70%3.70%1 yr- Unitus1-year 3.65%Credit union3.65%1 yr
Chase1-year 0.50%3.50%8 mo · rel.
DCU1-year 3.50%Credit union3.50%1 yr
U.S. Bank1-year 3.40%3.50%9 mo
Western Alliance1-year 2.78%3.48%3 mo
Amalgamated Bank1-year 3.40%3.40%1 yr
Bank of Hawaii1-year 3.40%3.40%1 yr · rel.- Fremont Bank1-year 1.25%3.30%9 mo
- CitizensNo 1-year CD3.10%14 mo · rel.
First Hawaiian1-year 2.90%3.05%6 mo · rel.
Zions Bank1-year 3.05%3.05%3 mo
Apple Bank1-year 3.00%3.00%6 mo
USAA1-year 1.80%2.25%7 mo
OceanFirst1-year 0.10%0.50%7 yr- Central Pacific Bank1-year 0.13%0.13%1 yr · rel.
First Horizon1-year 0.10%0.10%6 mo
TruistNo 1-year CD–
Green rates beat Open Bank's best rate. “rel.” means the rate needs a linked account. Need a bank that isn't listed? Use the CD calculator with any APY.