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Always.bank CDs Review
Our take: Strong rates on every term from 6 months to 5 years, with published penalties and a 10 day rate lock.
Pros
- 4.15% APY on the 12 month CD
- Every term from 6 to 60 months pays 3.80% APY or more
- Published penalties and a 10 day rate lock
Cons
- $500 minimum deposit
- Newer brand and app with few reviews
- 120 day penalty on 1 to 3 year terms
Key facts
- Terms
- 6 to 60 months (10 terms)
- Early withdrawal penalty
- 90 days of simple interest (under 12 months); 120 days (12 to 36 months); 180 days (over 36 months)
- Rate lock
- Higher rate if it rises within 10 days of applying
- At maturity
- 10 day grace period
- Minimum to open
- $500
- Monthly fee
- No monthly fee
- Insurance
- FDIC insured through 22nd State Banking Company up to $250,000 per depositor, per ownership category
- FDIC certificate
- 16910 (22nd State Banking Company, Mobile, AL)
- Who can open
- US residents 18 or older with an SSN
- Mobile app
- Always.bank app: too new for meaningful ratings (Sep 29, 2026); scored 3.0 until it has them
- Customer service
- (877) 259-2979
Source: Always.bank website, checked Oct 28, 2026. Insurance details from the FDIC BankFind database.
Our verdict
Always.bank pays 4.15% APY on its 12 month CD, and every term from 6 months to 5 years pays at least 3.80% APY. The minimum is $500, and the early withdrawal penalties are published up front.
Rates by term
| Term | APY |
|---|---|
| 6 months | 4.05% |
| 9 months | 4.10% |
| 12 months | 4.15% |
| 15 months | 4.10% |
| 18 months | 4.00% |
| 24 months | 3.90% |
| 30 months | 3.85% |
| 36 months | 3.80% |
| 48 months | 4.00% |
| 60 months | 4.05% |
From the Always.bank CD rate sheet, checked September 29, 2026.
Early withdrawal penalties
- Terms under 12 months: 90 days of simple interest
- 12 to 36 months: 120 days
- Over 36 months: 180 days
Is it safe?
Yes. Always.bank is a division of 22nd State Banking Company, FDIC certificate 16910. Deposits at both are combined for FDIC insurance up to $250,000 per depositor, per ownership category.
Compare CD rates by term: 6 month · 9 month · 1 year · 18 month · 2 year · 3 year · 4 year · 5 year
How we rated it
It scores well on rate and on clear, moderate penalties. It loses points on app and support because the app is too new to have ratings. It scores 4.3 out of 5 on our scorecard for this category. See how we score on the comparison page and our methodology.
How Always.bank compares
| Account | Rating | Best APY | 12 month APY |
|---|---|---|---|
| E*TRADE CDs (Morgan Stanley Private Bank) | 4.7 | 4.80% | 4.55% |
| Barclays Online CD | 4.7 | 4.75% | 4.50% |
| Synchrony Bank CDs | 4.7 | 4.75% | 4.30% |
| Capital One 360 CDs | 4.7 | 4.50% | 4.00% |
| Marcus by Goldman Sachs High Yield CD | 4.6 | 4.40% | 4.40% |
| Bread Savings CD | 4.4 | 4.85% | 4.45% |
| CFG Bank CDs | 4.4 | 4.82% | 4.65% |
| Happen Bank CD | 4.4 | 4.76% | 3.50% |
| American Express CDs | 4.4 | 4.40% | 3.65% |
| Always.bank CDs | 4.3 | 4.15% | 4.15% |
| Service Credit Union Share Certificates | 4.3 | 4.10% | 4.10% |
| Sallie Mae Bank CDs | 4.2 | 5.00% | 4.50% |
| Ivy Bank CDs | 4.2 | 4.25% | 4.05% |
| Popular Direct CDs | 4.0 | 5.00% | 4.60% |
| Peak Bank CDs | 4.0 | 3.69% | 3.69% |
Always.bank CD FAQ
What is the Always.bank best CD rate?
4.15% APY on the 12 month CD, as of Oct 28, 2026.
What is the minimum deposit?
$500.
What is the early withdrawal penalty?
90 days of simple interest for terms under 12 months, 120 days for 12 to 36 months, and 180 days for terms over 36 months.
Ready to open Always.bank CDs?
Rates as of Oct 28, 2026. Confirm the current rate and terms on the provider’s site before you apply.