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CFG Bank CDs Review
Our take: 4.65% APY on 12 months and 4.82% on 2, 3 and 5 years with a $500 minimum, from a Maryland bank that opens CDs online.
Pros
- 4.65% APY on 12 months
- Only $500 to open
- Up to $500,000 per CD
Cons
- Only five terms
- No withdrawals in the first 30 days; penalty amount not listed
- Smaller bank with fewer reviews
Key facts
- Terms
- 12, 18, 36 and 60 months
- Early withdrawal penalty
- No withdrawals in the first 30 days; amount not listed on the rate page
- Maximum deposit
- $500,000
- Funding
- ACH or Plaid
- Minimum to open
- $500
- Monthly fee
- No monthly fee
- Insurance
- FDIC insured up to $250,000 per depositor, per ownership category
- FDIC certificate
- 34294 (CFG Bank, Lutherville, MD)
- Mobile app
- CFG Bank app: 4.2 on Google Play (Oct 20, 2026); App Store rating not checked
Source: CFG Bank website, checked Oct 28, 2026. Insurance details from the FDIC BankFind database.
CFG Bank CDs pay up to 4.82% APY (24, 36 and 60 months) and 4.65% APY on 12 months, with a $500 minimum deposit. CFG Bank is an FDIC insured bank in Lutherville, Maryland (FDIC certificate 34294). Rates accurate as of Oct 27, 2026, checked on Oct 28, 2026.
CFG Bank CD rates today
| Term | APY |
|---|---|
| 12 months | 4.65% |
| 18 months | 4.70% |
| 24 months | 4.82% |
| 36 months | 4.82% |
| 60 months | 4.82% |
From CFG Bank’s CD rates page, rates accurate as of October 27, 2026. CD rates are fixed for the term once your CD is opened and funded.
Which CFG Bank CD term is best?
The 2, 3 and 5 year CDs pay the most, 4.82% APY each, so the 2 year CD gets the top rate with the shortest lock up. The 12 month CD pays 4.65% and the 18 month CD 4.70%.
Minimum deposit and early withdrawal penalties
You need $500 to open and keep $500 to earn the APY, up to $500,000 per CD. CFG says no withdrawals are allowed in the first 30 days and that penalties will not be waived after that, but its rate page does not list the penalty amount; check the account disclosure before opening.
How CFG Bank CDs work
- Fixed rate for the full term
- $500 minimum, $500,000 maximum
- Fund by ACH or Plaid
- Open online or in a Maryland branch
Is CFG Bank safe?
Yes. CFG Bank is FDIC certificate 34294, which we confirmed as active in the FDIC BankFind database, with about $6.1 billion in assets as of June 30, 2026. Deposits are insured 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 it compares
The best CD rate we track right now is Sallie Mae Bank CDs. Compare every CD on our CD rates page.
Who it is best for
- Savers with $500 or more who want a top 1 to 5 year rate
How CFG 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% |
CFG Bank CD FAQ
What are CFG Bank CD rates today?
4.65% APY on 12 months, 4.70% on 18 months and 4.82% on 24, 36 and 60 months, as of Oct 27, 2026.
What is the minimum deposit?
$500, and the maximum opening deposit is $500,000.
Is CFG Bank FDIC insured?
Yes. CFG Bank is FDIC certificate 34294 in Lutherville, Maryland.
Can I open a CFG Bank CD online?
Yes. CFG lists its personal CDs as available online and in branch.
Ready to open CFG Bank CDs?
Rates as of Oct 27, 2026. Confirm the current rate and terms on the provider’s site before you apply.
CFG Bank CDs rate history
Every change we found to this account’s rates in our checks of the bank’s website, newest first, with the date the bank gives for each rate. See every bank on our rate change tracker.