CD Valet Review: Online CD Marketplace

CD Valet is a marketplace that helps you find the best CDs and CD rates in the United States.

Whether you regularly invest in certificates of deposit or are ready to sign up for your first CD, the goal is to make the most of your savings. 

Generally, that means securing the highest APY available to maximize interest.

But with so many financial institutions offering CDs, finding attractive rates can be easier said than done. Thankfully, CD Valet is a CD marketplace that makes comparing your CD options easy. We explore what it has to offer in this full review. 

CD Valet is an online marketplace that makes it easy to compare CDs from many different financial institutions. Although CD Valet was launched by Seattle Bank, the platform isn’t a bank. When you find one that works for your goals, you can move on to opening the CD with the financial institution offering it.

Straightforward Standard Rate Comparison

CD Valet makes it easy to compare standard CD offerings from hundreds of financial institutions. You can compare CDs with terms of 12, 24, 36, 48, or 60 months. As you explore your options, you can view pertinent information, such as APYs and minimum deposit requirements.

You can also see unique CDs that have terms as short as one month.

For savers seeking maximum APYs, the ability to sort based on APYs can streamline your search.

Highlighted Promotional Offers

In addition to standard CD options, CD Valet also allows you to compare promotional CD offers available through financial institutions. The ability to sort out promotional offers from standard offerings may help you start a relationship with a bank that consistently offers attractive APYs.

As of writing, the promotional CDs available have terms ranging from three to 18 months. The platform makes it easy to see the available APYs and minimum deposit requirements.

With a CD Valet account, you can create a watchlist to track CDs that pique your interest. The regular tracking might allow you to snag a better deal.

CD Valet doesn’t charge savers any fees. However, most CDs have early withdrawal penalties attached, which means you might pay a fee if you withdraw your funds early. The size of your early withdrawal penalty varies based on the financial institution you choose to work with.

It’s important to note that CD Valet is compensated by some partner institutions. Any financial institution with an ‘Open Now’ button on the CD Valet site may compensate CD Valet when you choose to sign up for the CD. 

CD Valet offers a straightforward marketplace to shop for CDs. But it’s not the only way to find a CD.

Raisin (formerly known as SaveBetter), is another popular online CD marketplace. But you’ll also find high-yield savings accounts and money market accounts on its platform. You can find CD options with deposit minimums as low as $1. Learn more in our Raisin review.

If you prefer to deal directly and don’t mind doing your own research, another option is to purchase your CDs directly from an online bank or fintech. Many of these institutions offer attractive yields on savings accounts and CDs.

Take CITBank, for example. At the time of this writing, you can purchase CDs with yields up to 3.50%, and its Platinum Savings account is paying 4.35%.

*Max. CD APYs as of January 2, 2025. Rates are subject to change, and terms and account minimums vary. 

You don’t need to open an account to start using CD Valet. Instead, simply head to the company’s website to start exploring your CD options.

If you want to take things a step further, you can open a CD Valet account with your email address and password. From there, you can start watchlists and get notified about CD rate information. 

CD Valet doesn’t store your funds. Instead, it connects you with FDIC-insured financial institutions. With that, your funds are safe as long as you choose to open your CD with an FDIC-insured institution.

If you need to get in touch with CD Valet, you can call 833-232-2096 or email [email protected]. Based on the positive reviews for both the Apple App Store and Google Play Store, it seems likely that most customers have a positive experience with the platform.

If you are looking for a way to find the best CD rates on the market, CD Valet offers a worthwhile opportunity. The helpful sorting features can help you find the top rates for a CD that suits your financial goals. 

The only downside is that tucking all of your funds in a CD might not be a great investment strategy for the long-term. If you want to learn about investing some of your funds, lean on our free investing resources. 

Check out CD Valet here>>