Great CD rates and guaranteed returns

Want to make your money work harder? Our high-yield online CDs let you lock in a great rate that guarantees growth for your savings. With a single rate and term, you’ll know exactly how much your deposit will earn.

Simple CDs make it easy to save smarter:

  • Buy and manage your Simple CD online
  • Competitive rate and 12-month term

Like going from an old CD to streaming tunes...

Certificates of Deposit (or CDs) have been around for a long time—even longer than the music variety. But back in the day, you had to trek into a bank branch to get one (kinda like how you had to head to the mall to buy a new album).

With online CDs from Simple, saving is as easy as streaming your favorite throwback tunes. The user-friendly Simple app makes it easy to buy and manage your CD entirely online.

  • Go from “What’s a CD?” to savings superstar without leaving the house
  • Use Simple’s integrated budgeting tools to manage expenses, set goals, and watch your savings build
  • Start with a free Simple Checking Account—with no minimum balance and no maintenance fees—then buy and manage your CD entirely online

Top 5 reasons to get a Simple online CD


Earn more interest:

Certificates of Deposit typically offer a higher APY because you’re agreeing to hold your money in the CD for a set period of time


Guaranteed return:

Once you lock in your term and interest rate, it won’t change, even if interest rates are going down elsewhere


Simpler saving:

You get a free online checking account with built-in budgeting and savings tools to bring all your budgeting under one roof


Peace of mind:

Your CD is FDIC insured up to the legal limit



You’ll know exactly how much money you’ll have at the end of the 12-month term

What if you need to close your CD early?

We understand, sometimes emergencies happen and you need your cash. In most cases you can close your CD before the end of the 12-month term. (Just be aware that there may be an early withdrawal fee.)

(If you need an emergency fund without being locked into a term and still want to earn great interest, check out our Protected Goals Account).

Banking that’s in your pocket

Every aspect of your Simple account is optimized for safe, convenient, branchless online banking.

That means all the Simple online banking services and features are at your fingertips, without ever setting foot into a bank—whenever and wherever you happen to be.

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We’re here to help

Questions about Simple’s online CDs? Just call (888) 248-0632 to reach one of our helpful support reps