This CD also offers a very low minimum deposit of $1. This deal is through Raisin, so if you'd prefer to work directly with a bank, you might want to check out our other no-penalty CD options.

Charles Schwab CD Alternatives Synchrony Bank CD rates are lower than those offered by Charles Schwab. At Synchrony, rates range from 0.25% to 4.25% ... Deposit will earn 1.20% APY on savings ...