When saving with Goldwater bank, the rates vary according to the type of CD you wish to have. With the 90 day CD, you can earn 0.75% APY. As the maturities grow longer, so does your interest. When you reach something like the 5 year CD, the rate can be as high as 2.40% APY. The actual interest gained varies somewhat from the APY after the 12 month benchmark.  However, the difference is only by 0.1% or 0.2%. To see the CD rates, and any other type of rates for that matter, just check their site! However, also pay attention to the small writing. There may be fees that will penalize your account. Also, the rates and APY are subject to change. As with all accounts, just be aware of your bank’s policies. We have a complete Goldwater Bank Review which addresses their recent cease and desist order also note that this is a relatively new bank that has had a few issues.

Goldwater Bank is FDIC insured.