What are CDs?

CDs are bank deposits that pay a stated amount of interest for a specified period of time and promise to return your money on a specific date. They are federally insured and issued by banks and savings-and-loans institutions. They can be purchased for as little as $1,000 with a term that ranges from 1 month to 20 years.

Why would Schwab recommend them?

CDs can be an appropriate investment for investors looking to earn a better interest rate of return than a savings account offers and who value FDIC insurance, principal protection, and a fixed rate of return, and who don’t mind setting aside cash for a specific term.

Current CD rates available through Schwab CD OneSource

See below for a selection of today's rates


Maturity Ranges ( 12/10/2018 ) Rates up to
1-3 Month CDs 2.422 %APY
4-6 Month CDs 2.566 %APY
7-9 Month CDs 2.608 %APY
10-18 Month CDs 2.8 %APY
1.5-2.5 year CDs 3.1 %APY

Already a client? Log in to see all CD's and rates through CD OneSource

New to Schwab? Open an account today to get started investing


What does Schwab charge for CDs?

New issues

A selling concession is included in the offering price for online and broker-assisted trades.

Secondary trades

Online price
$1 transaction fee3 per $1,000 CDs ($10 minimum, $250 maximum)

Broker-assisted trade
Online price + $25 per trade service charge3


Take a closer look at the benefits.

  • Competitive rates3

    Schwab CD OneSource® offers you a virtual one-stop marketplace for CDs, with competitive rates, all in one convenient location. Use Schwab CD OneSource® to easily compare CDs by yield, maturity, and institution. Also, there is no additional charge when you buy through Schwab CD OneSource.

  • Insure more money using FDIC coverage

    Current FDIC coverage insures each individual bank up to $250,0001 per depositor. One strategy to keep more money insured by the FDIC is to buy CDs from multiple banks using Schwab CD OneSource.

  • Choice and control

    Schwab CD OneSource offers you a wide selection of CDs, making it easy to search for the rate and maturity that meet your needs. Additionally, your CDs are held in your Schwab brokerage account, not at the issuing institution, allowing you to see your whole financial picture and manage your investments in one place.

  • Notification of maturity

    Schwab will send you a notification when your CD reaches maturity, reminding you that it’s coming due and to take action if you wish to make another investment. If you want to reinvest the CD, perhaps choosing a different issuer with a different term or interest rate, simply call us or go online at Schwab.com to see what's currently available.

Review the risks.

Market risk

The most common risk is that you will need your funds before the CD matures. In that case, we'll help you sell your CD at the current market price. If you decide to sell, you'll receive the bid price plus any accrued interest. Although there are no early redemption fees, you may receive less than your original purchase price.

Call risk

A callable CD is a certificate of deposit that pays a fixed interest rate over its lifetime. What differentiates a callable CD from a traditional CD is that the issuer can redeem, or "call," your CD from you for the full amount before it matures. The risk is that the issuer will exercise a call option at an unfavorable time for the holder, such as when interest rates decline.

Find CDs.

You’ll find a large selection of competitive CD rates and maturities from a wide range of banks across the country.

Schwab CD OneSource®

Choose from a wide selection of CDs with the safety of FDIC insurance.

Take advantage of resources to help you make decisions.

We're here to help

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    You can expect a response by phone within approximately 48 hours. If you’d like to speak with a Schwab Fixed Income Specialist immediately, please call us at 877-906-4670. We appreciate the opportunity to work with you to meet your goals.

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Looking to trade bonds or CDs online? Log in to your Schwab account to get access to our tools.

Clients of independent investment advisors: You may also contact your advisor or call Schwab Alliance at 800-515-2157.