Are you searching for a high annual percentage yield (APY) from a certificate of deposit to protect your savings, but unsure which best fits your financial goals?
ZYNLO Bank makes your decision easy. You won’t find a less complicated CD selection than with ZYNLO. But its simplicity can be its biggest disadvantage, depending on your needs.
Here’s what you need to know about ZYNLO’s CD rates.
Rates are current as of Sept. 3, 2025 and are subject to change.
ZYNLO Bank CD rates and products
Many financial institutions offer an ample selection of CD term lengths and formats. ZYNLO takes the opposite approach; there are no specialty accounts (like business, flex, and IRA CDs) or multiple term options to choose from.
Standard CDs
ZYNLO Bank issues only a standard 12-month CD. It’s a good one though, offering 4.30% APY as of this writing. It’s accessible, too, requiring no minimum deposit. But for those who aren’t comfortable with pledging to keep their money deposited for a full year—or for anyone interested in building a CD ladder—ZYNLO Bank may not be the best option.
While a 12-month CD is your only new account option, you can hold a 10-month CD after your account matures. During the 10-day grace period after your account matures, you can choose to open another 12-month CD or allow it to renew into a 10-month CD at the current APY.
ZYNLO Bank standard CD rates
| Term length | APY |
|---|---|
| 12 months | 4.30% |
| 12 months | |
|---|---|
| APY | 4.30% |
| APY |
Bank details checked Sept. 3, 2025.
Compare ZYNLO Bank to competitors
Again, ZYNLO Bank’s CD APY is extremely competitive—but its choice of term options is not. Here’s a look at what you’ll get with popular competitors.
 Zynlo Bank |  Discover |  Northern Bank Direct |
|---|---|---|
| 6 months | 6 months | 6 months |
| N/A | 3.50% | 4.25% |
| 9 months | 9 months | 9 months |
| N/A | 3.50% | 4.00% |
| 12 months | 12 months | 12 months |
| 4.30% | 4.00% | 3.50% |
| 18 months | 18 months | 18 months |
| N/A | 3.80% | 3.50% |
| 24 months | 24 months | 24 months |
| N/A | 3.60% | 3.50% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at MoneyLion | View offer at Northern Bank Direct |
Bank details checked Sept. 3, 2025.
Learn more about ZYNLO Bank
ZYNLO Bank is a fully digital division of PeoplesBank, established in 1885 and headquartered in Holyoke, Massachusetts. ZYNLO Bank was launched in 2020 to offer impressively high-yield checking, savings, CDs, and some of the best money market account APY you’re likely to find anywhere.
ZYNLO Bank is entirely online, but it offers extended customer service hours—weekdays from 8 a.m. to 10 p.m. and weekends from 10 a.m. to 2 p.m. Eastern Time. That means you’ll get more access to help than many more popular banks (you just won’t be able to service your account in-branch).
Frequently asked questions
What is the minimum deposit for a ZYNLO Bank CD?
There is no minimum deposit for a standard ZYNLO Bank CD.
Does ZYNLO Bank offer special promotions or high-yield CDs for new customers?
No, ZYNLO Bank doesn’t offer promotional CD rates for new customers. Everyone benefits from the same rate.
What happens when my ZYNLO Bank CD matures?
When your ZYNLO Bank CD matures, it will automatically renew as a 10-month CD unless you withdraw your money or open another 12-month CD during the 10-day account grace period.
Does ZYNLO Bank charge any monthly or hidden fees on its CD accounts?
ZYNLO Bank doesn’t charge any monthly or hidden fees for its CD accounts. You’ll only be charged a fee (three months’ interest) if you withdraw any part of your principal before account maturity.
Are ZYNLO Bank CDs FDIC insured?
ZYNLO Bank CDs are FDIC insured up to $250,000 per account holder per ownership category.