Charles Schwab CD Rates for June 2026

Schwab CD rates reach as high as 4.30% APY on a 24 month brokered certificate of deposit, with a $1,000 minimum investment. Rates listed as of June 16, 2026, at 10:32 a.m. ET vary by term and can change, so check the current offering before placing an order.

Schwab CD rates by term

Schwab offers brokered CDs with terms from three months to 24 months. The top listed APY rises with each longer term in this schedule, from 3.96% for three months to 4.30% for two years. Every term shown has a $1,000 minimum.

These are maximum rates, not a promise that every CD available through Schwab will pay the listed APY. Schwab offers CDs issued by different banks, and the rate, term and availability depend on the individual offering. Review the details for the specific CD in your account before buying. The figures above are a dated snapshot, not a standing rate guarantee.

A rate table is useful, but the highest APY is only one part of the decision. The date you need the money, the issuer, insurance coverage and the possibility of selling before maturity all affect whether a brokered CD suits a particular savings goal.

How Schwab brokered CDs work

Schwab’s CDs are brokered CDs, rather than certificates opened directly with a bank. Schwab acts as an intermediary: through an eligible brokerage account, customers can choose from CDs issued by multiple banks. A traditional bank CD is generally purchased from the bank that issues it. Both products are deposits with a stated term, but the route to buying and accessing the money is different.

That access to multiple issuers can help a saver distribute deposits across banks. Brokered CDs can receive FDIC coverage of up to $250,000 per depositor, per insured bank, subject to applicable FDIC rules and the depositor’s other accounts at that bank. Buying CDs from separate banks can therefore provide separate coverage limits. The limit is tied to each issuing bank, not to each brokerage account, so check which bank issued every CD and consider any deposits you already hold there.

Schwab’s listed term range is three to 24 months. The wider brokered CD marketplace can offer term choices that differ from the menu at a single bank, but Schwab does not always have longer term CDs available. A saver looking to lock in a rate for more than two years should compare other providers rather than assume that a longer Schwab term will be offered.

Interest on a brokered CD starts accruing on the settlement date of the trade. That is a practical detail to check when comparing an offering or planning when the funds will begin earning interest. Read the trade information for the settlement date, maturity date, rate, issuer and any call feature before confirming an order.

Access, selling costs and principal risk

A bank CD commonly imposes an early withdrawal penalty if the depositor takes funds out before maturity. A Schwab brokered CD instead can be sold through the secondary market before it matures. There is no bank style early withdrawal penalty, but that does not mean the original investment is guaranteed if the CD is sold early. The sale price depends on market conditions at the time.

If rates have changed, the price a buyer is willing to pay for an existing CD may be above or below the amount invested. A lower resale price can mean a loss of principal. A sale at a higher price may produce a gain. The amount returned is not simply the original deposit plus the interest expected at maturity, because the CD is being sold at its current market value.

Schwab’s pricing information says that selling a CD on the secondary market carries a transaction fee of $1 per bond, subject to a $10 minimum and a $250 maximum. The price for a new issue may also include selling concessions. Check the current pricing and the order preview for the particular CD, since a fee or concession affects the net result. If the money is needed on a known date, relying on an early sale adds uncertainty that a CD held to maturity does not have in the same way.

Some CDs are callable. A call feature lets the issuing bank redeem a CD before its scheduled maturity, under the conditions stated in the offering. The issuer may be more likely to call a CD when rates fall and it can replace the deposit with less expensive funding. A callable CD can therefore end earlier than expected, potentially leaving the investor to reinvest at a different rate. Review the call schedule and terms instead of judging an offer by APY alone.

For money that needs to remain readily available, compare a brokered CD with a savings account or money market account. Those accounts may pay less, and their rates can change, but they provide easier access to funds. A short term CD can narrow the commitment, while a longer term generally means agreeing to keep the money invested longer in exchange for its offered rate. The right comparison depends on when the cash may be needed and how much access matters.

Who may find Schwab CDs useful, and where they fall short

The strongest fit may be someone who already has an eligible Schwab account, can set aside at least $1,000 and wants a fixed term within the available range. The listed rates are competitive across these terms, including the shorter choices, which may matter to savers who do not want to commit money for a year or more. The ability to buy CDs from several issuing banks can also help people managing deposits that approach the FDIC insurance limit at one institution.

There are real limits. Schwab’s $1,000 starting amount is too high for some savers, and each order must be in increments of $1,000. Some banks and credit unions offer CDs with no minimum deposit, including Capital One at times. A person with a smaller amount should compare those choices rather than leave money uninvested while trying to reach Schwab’s minimum.

The available menu also stops at 24 months in the terms shown here. Edward Jones offers brokered CDs with terms as long as 60 months, according to the comparison in the source material, although Schwab may have higher rates for some terms. Compare current offers side by side before choosing, since each firm’s inventory and pricing can change. A longer term can suit a different time horizon, but it also ties up the investment for longer if held to maturity.

Schwab is a financial services firm with brokerage and banking products. At the end of 2024, it had more than 36 million client brokerage accounts and 2 million banking accounts. It was established in 1971 and operates more than 400 branches and operation centers in the United States, with more than 1,200 financial consultants. The company also provides 24 hour customer support by live chat and phone access. Those features may be convenient for customers who want investing and banking services through one firm, but they do not remove the market risk of selling a brokered CD early.

Other savings products answer different needs. High yield savings accounts and money market accounts provide more liquidity, while rates can move at any time. Treasury bills have terms of one year or less and are backed by the U.S. government. I Bonds are designed to account for inflation, but they cannot be redeemed during the first 12 months, even with a penalty. Those products are not direct substitutes in every respect, so compare access rules and rate terms along with potential return.

Opening and buying a Schwab CD

To buy a Schwab CD, first open an eligible Schwab account. The account choices listed include an individual brokerage account, a joint brokerage account, a Roth IRA, a Traditional IRA or a Rollover IRA. Customers without an account need to complete that setup before placing a CD order.

The application asks for identifying and contact details, including a Social Security number or taxpayer identification number, employer name and mailing address, email address and mobile phone number. Funding requires at least $1,000 for the CD. A new account can be linked to an existing checking or savings account to move in funds.

Once the account is open, log in to Schwab’s online platform. Choose “Trade,” then “CDs” to see the available offerings, including their terms and rates. Inspect the issuer and offering information for each CD. Confirm whether it is callable, when interest begins accruing, the maturity date, the amount and any pricing details.

After selecting an offering, choose “Buy” and enter the investment amount. The order amount must be a multiple of $1,000. Review the order before submitting it, especially if you are comparing several issuers or trying to keep deposits within FDIC coverage limits. Keep a record of the issuer and maturity date so you can plan ahead when the CD term ends.

• Confirm that the money can remain invested for the selected term.
• Check the CD’s issuer and your existing deposits at that bank when assessing FDIC coverage.
• Review the APY, settlement date, maturity date and any call terms in the actual offer.
• Check applicable fees and whether the new issue price includes a selling concession.
• Compare current bank CDs and other savings products before placing the order.

Schwab also offers other banking products, including savings and checking accounts, as well as loans. Its investment accounts provide access to products such as stocks, exchange traded funds, mutual funds, index funds, bonds and cryptocurrency. Those broader offerings can be convenient for customers who already use Schwab, but an existing relationship is not a reason to skip comparing CD rates and terms elsewhere.

What to compare before choosing a CD

Start with the amount and date involved. Set aside emergency savings and money needed for near term bills before committing cash to a CD. Then compare the offer’s APY and term with the date you expect to use the funds. A slightly higher rate can be a poor trade if the maturity date does not fit the plan and a sale before maturity becomes necessary.

Compare Schwab’s brokered CDs with direct bank CDs, not just by headline rate. A bank may offer a lower minimum or a longer term. A traditional CD can have an early withdrawal penalty, while a brokered CD can be resold at a market price and may involve a transaction fee. The costs and risks differ: a penalty is usually defined by the bank’s terms, while the price on a brokered CD sale can vary with market conditions.

For balances above $250,000, issuer selection becomes especially important. Schwab’s access to CDs from multiple banks can make it possible to spread money among institutions and use a separate FDIC limit at each, subject to ownership category and other deposits. It is not enough to split a large sum across several CDs if all are issued by the same bank and ownership category. Confirm the issuing bank and relevant insurance rules before relying on separate coverage.

Also check whether an offer is callable and whether its term meets the intended savings horizon. If an issuer calls a CD before maturity, the investor may have to reinvest earlier than planned. If a CD is noncallable, early sale risk still remains because market value can fall. Neither characteristic should be confused with FDIC coverage: insurance protects qualifying deposits against an issuing bank failure within coverage limits, not against a loss from selling a CD at a lower market price.

The comparison should include savings accounts, money market accounts, I Bonds and Treasury bills where appropriate. Savings and money market accounts allow easier access but variable rates can change. I Bonds have a 12 month minimum holding period. Treasury bills have terms of a year or less and government backing. Their structures are distinct, and a rate comparison alone does not capture liquidity, tax treatment or timing considerations. Check each product’s current terms before moving savings.

Schwab’s satisfaction guarantee concerns eligible fees or commissions related to a customer’s investment experience. It should not be read as protection from investment losses, a guaranteed CD resale price or a promise that the offered APY will remain available. The product’s own terms and the market price at the time of a sale determine those matters.

Will Schwab add longer CD terms?

The listed Schwab choices run from three to 24 months, while some competing brokered CD providers offer longer maturities. That makes the current range a meaningful constraint for savers seeking to fix a rate beyond two years. Check Schwab’s live inventory and compare other providers before deciding, because available offers can change.

For a suitable term and an amount of at least $1,000, Schwab’s rates merit comparison, especially for customers already using the brokerage. The decision still turns on issuer, access needs, fees and the possibility of a market loss if sold early.