Based in 2021, CD Valet is a searchable database of certificates of deposit charges created by John Blizzard via Seattle Financial institution, the place he has been President and CEO since April of 2014.
Although it was created via a single financial institution, it lists over 30,000 CD charges throughout the nation.
CD Valet’s power is that it lists CDs throughout the nation, permits you to search by state and financial institution identify, and might filter primarily based on minimal time period (<6 months to 60 months) and most time period lengths, APY, and quantity. They cowl industrial banks in addition to credit score unions.
They may floor charges you’re unlikely to search out your self. For instance, do you know that the Lynchburg Municipal Staff FCU has a 78-month CD with a 6.50% APY? (as of 1/13/2026)
Most likely not. It’s a sixty fifth anniversary particular however membership is restricted to of us who reside or work in Lynchburg, VA.
You would possibly say to your self – “who cares about an superior CD if I can’t get it?”
Proper now, there are many of us in Lynchburg who don’t learn about this CD. This can be the case for you too.
In Maryland, I discovered a Sign Monetary F.C.U. with a 4.24% APY 12-month CD that’s barely higher than the very best CD charges obtainable proper now nationwide (presently an Alliant Credit score Union 12-month CD at 4.00% APY). I’m able to be part of Sign by donating $5 to their charitable basis and since I reside in Maryland.
You by no means know the place a excessive fee will likely be. Credit score unions are inclined to have barely higher charges than nationwide banks. Native credit score unions are inclined to have higher charges than nationally obtainable credit score unions. And except you intend to search for all of your native charges, you received’t discover them.
Desk of Contents
How I’d Use CD Valet
If I had been searching for a 12-month CD, that is precisely how I’d use it.
- Go to CD Valet
- Change the search to Maryland
- Click on on All CDs
4. Evaluate the CDs!
In some instances, doubtless the place CD Valet and the monetary establishment have a advertising and marketing relationship, you’ll see a inexperienced Open Now button. You may click on on that to open.
If there isn’t that button, do a Google seek for the financial institution and open it instantly.
Who’s CD Valet For?
Should you’re searching for the very best CD charges however don’t need to (or don’t have the time to) do the analysis your self, CD Valet is an effective device for the job.
Should you’re saving plenty of cash, the place 0.25% to 0.50% bump in your yield makes a distinction, a fast verify of CD Valet provides you with confidence you’re choosing the right financial institution.
It’s not for people who don’t need to leap via hoops as a result of lots of the highest charges will likely be from smaller credit score unions with strict eligibility guidelines. Even those that don’t have strict guidelines, like Sign Monetary FCU, you will have to make a small donation or be part of a corporation to realize eligibility.
Additionally, when you’re not snug with a non-name model financial institution (you received’t discover Chase, Financial institution of America, or Wells Fargo listed too extremely as a result of their CD charges aren’t nice), it’s additionally not a useful gizmo for you.
Lastly, CD Valet solely lists the charges. You don’t work with CD Valet in any method, it’s important to go to the financial institution or credit score union on to open an account.
Is CD Valet Secure?
Sure, completely secure.
CD Valet solely lists charges and also you by no means open an account with them. Should you register for his or her electronic mail checklist, you get weekly updates on fee adjustments and different information however you don’t set up a monetary relationship.
As for the establishments they checklist, CD Valet pulls within the BauerFinancial Score. It is a score system from BauerFinancial, which is an impartial financial institution analysis agency that provides every financial institution or credit score union 1 to five stars. 5 stars means it’s a “Superior” establishment that BauerFinancial recommends and 1 star means it’s troubled. I discover these rankings to be superfluous as a result of the monetary establishments are coated by FDIC or NCUA insurance coverage.
What you see on CD Valet is what you will notice on the financial institution or credit score union web site. CD Valet simply lists them in a single place so you’ll be able to examine them towards others.
CD Valet vs. Raisin
One pure comparability is versus Raisin. Raisin is a monetary expertise firm that provides banking companies with greater yield via its accomplice banks. While you view charges on Raisin, you’re seeing particular charges that they’ve negotiated with banks and credit score unions.
With Raisin, you open an account and really deposit cash with Raisin. Raisin will get you entry to greater charges from their accomplice banks as a result of the banks need to safe extra deposits. Your cash is put with different Raisin prospects and positioned in a pooled account on the establishment. You will have entry to it however you by no means have a relationship with the financial institution itself and also you get pass-through FDIC/NCUA insurance coverage.
✨ Associated: Learn our Raisin overview for extra.
With CD Valet, you’re employed instantly with the banks and credit score unions. CD Valet simply lists the charges. So once you need to open an account, it’s important to go to the financial institution and credit score union. The account will likely be in your identify, not pooled, and you’re a recognized buyer to the establishment.
CD Valet vs. Different Websites
There are different fee websites however most of them focus solely on nationally obtainable charges. They don’t drill down into state particular or into credit score unions.
Bankrate, which began as a fee itemizing service in newspapers, tends to solely checklist nationally obtainable charges these days. You may enter in your zip code however it’s not surfacing charges from small credit score unions.
I appeared for charges in 21045 (Columbia, MD) and it confirmed me:
That is what CD Valet confirmed for Maryland:
CD Valet confirmed me 4 credit score unions with greater charges than something on Bankrate’s checklist and it wasn’t till Sallie Mae Financial institution that the 2 lists matched.
For comparability’s sake, right here’s Raisin’s checklist:
As you’ll be able to see, CD Valet nonetheless comes out on high by way of charges although you possibly can argue Raisin makes it simpler to open an account with every financial institution when you’re snug with FDIC/NCUA pass-through insurance coverage.
Is CD Valet Price It?
It’s an inventory of the very best charges they usually survey hundreds of economic establishments, it’s actually price a free peek to see if you will get a greater fee in your CDs.
Lots of the charges are barely greater than what you will get from on-line banks. For instance, my Ally Financial institution CD charges appear to lag what’s listed on CD Valet by round 25 foundation factors.
Whereas it could not make sense for me to open up a completely new account simply to get 25 foundation factors on a CD, somebody with loads of time and on a hard and fast revenue might discover it worthwhile to take action.
However you solely know what the best charges are if you’ll find a trusted supply for it and for me, that supply is CD Valet.
