Term Length APY 3 months 6 months 9 months 12 months 18 months 24 months 30 months 36 months 48 months 60 months *Rates can vary by location . Term Interest Penalty 1 month You must forfeit all interest earned 2 months to 11 months 90 days of interest 12 months to 23 months 180 days of interest 24 months to 35 months 270 days of interest 36 months to 47 months 365 days of interest More than 48 months 545 days of interest Bank 1-Year CD Rate 3-Year CD Rate Minimum Deposit BMO $1,000 Ally Bank $0 Synchrony Bank $0 Bread Savings $1,500