Big-name banks pay almost nothing on CDs: Bank of America 0.03%, Schwab 0% !!

By RateBrain · October 20, 2026

On a $10,000 1-year CD, that is about $3 in interest at Bank of America against $400 to $430 at Ally, Synchrony and Capital One.

The lowest CD rates RateBrain tracks, as of October 20, 2026, come from some of the best-known names in banking. Charles Schwab Bank pays 0.00% APY on its 3 Month and 18 Month CDs, Chase pays 0.02% on its 1 Month CD, and Bank of America pays 0.03% on every term from 1 year to 7 years.

Online banks pay far more for the same commitment. On a 1-year CD, Ally Bank pays 4.30% APY, Synchrony Bank 4.20% and Capital One 4.00%. The median across the 143 1-year CDs RateBrain tracks is 4.00%.

In dollars, $10,000 in Bank of America's 1-year CD earns about $3 by maturity. The same deposit earns about $430 at Ally, $420 at Synchrony and $400 at Capital One.

Over five years the gap grows. Bank of America's 5 Year CD at 0.03% turns $10,000 into about $10,015. At Synchrony's 4.50% (5 Year CD) it earns about $2,462, at Ally's 4.25% (5 Year CD) about $2,313, and at Capital One's 3.60% (5 Year CD) about $1,934. The median 5-year CD rate RateBrain tracks is 3.41%.

See the 10 lowest CD rates, compare every 1 Year CD rate or work out what your deposit earns.

Please Note: We are not a bank or credit union and are not affiliated with any. The information above is provided 'as is' and solely for informational purposes, not for specific financial advice. While we aim to keep our information accurate and current, the rates and information shown on this page may be inaccurate or be out of date. Please check with banks directly for the most up to date and accurate information.