DNB First offers a great range of certificate of deposit (CD) accounts from three to 60 months. This allows you to open the accounts that fit best with your savings goals, whether you want to use your money in the more immediate future of years down the road.
You won’t need to worry about finding the accounts with the best CD rates, since each set of term ranges has great rates for the term lengths. Longer terms do have higher rates, though.
DNB First allows you to transfer the interest earned in your CDs to your checking, saving or money market account at DNB First.
|DNB First Certificate of Deposit||Minimum Deposit||APY|
|3 Month||$1,000||1.00%||Compare CD Rates|
|6 Month||$1,000||1.25%||Compare CD Rates|
|12 Month||$1,000||1.75%||Compare CD Rates|
|13 Month||$1,000||2.35%||Compare CD Rates|
|18 Month||$1,000||2.00%||Compare CD Rates|
|19 Month||$1,000||2.50%||Compare CD Rates|
|36 - 48 Month||$1,000||2.30%||Compare CD Rates|
|60 Month||$1,000||2.40%||Compare CD Rates|
3-Month CD Interest Rate Comparison
Overview of DNB First CDs
DNB First has one of the best CD offerings in the industry. For starters, you can open an account of any length between three and 60 months. Most other banks typically have a set number of accounts. While that does offer you some choice, it’s not quite the same flexibility that DNB provides.
DNB First CDs also have some of the best rates out there. Plus, the good rates aren’t only for the longer terms. Your CD account will have a solid rate no matter how long the term lasts. If you can safely afford the minimum deposit more than once, you can even open multiple CDs at the same time creating a CD ladder. That way, you can benefit from a CD payout every few months or so, depending on how you create your ladder.
As with most CD accounts at other financial institutions, you’ll have to be mindful of how you use your DNB First CD. Once you make your initial deposit, you can’t withdraw that or make any additional deposits until the account reaches maturity. Otherwise, you’ll meet a pretty heavy early withdrawal penalty.
How Much You Earn With DNB First Certificate of Deposits Over Time
You can earn some great savings with a DNB First certificate of deposit. Each set of term ranges offers a solid interest rate to boost your savings. To earn the absolute most, you’ll want to open a longer-term account with a high balance. That way you’ll have the bank’s highest CD rates and more money to grow.
DNB First compounds interest daily, too, which grows your money more efficiently than monthly compounding, for example. Daily compounding means your deposit grows each day, allowing for more interest to be earned.
|Initial Deposit||3-Month CD||24-Month CD||60-Month CD|
How DNB First CDs Rates Compare to Other Banks’
DNB First actually offers some of the best CD rates out there when you compare CD rates to those at other institutions. Usually, online banks like Ally Bank and Marcus by Goldman Sachs have the highest CD rates. You can see their rates below, which compete closely with DNB’s rates.
What Ally can offer that DNB doesn’t is multiple types of CD accounts. Its High-Yield CD rates often depend on your balance, with higher balances earning higher rates. We’ve given the lowest tier here. Ally also offers a Raise Your Rate CD, which allows you to boost your rate if rates rise during the account’s term, and a No Penalty CD, which allows for early withdrawals without penalty.
|CD Account||DNB First||Ally||Marcus by Goldman Sachs|
Compare DNB First to Other Competitive Offers
Should You Get a DNB First CD Account?
You should get a DNB First CD account if you’re looking to really grow your savings. It offers some of the best interest rates in the industry so you’ll be able to boost your savings no matter what your savings goals or deposit amount. Again, just be sure you can responsibly set aside at least $1,000 for the entire term length.