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APY = Annual Percentage Yield.
For short-term savings, Ponce Bank CD rates are some of the highest we've found. The CD rates discussed on this page are offered only via the Raisin platform. Through this partnership, it offers spectacular rates on CDs, particularly those ranging from one to nine months, so it's ideal for those who want the security and stability of a CD, without locking up their money for a long period. Keep reading for the latest Ponce Bank CD rates via Raisin and see if one of its CDs is right for you.
Ponce Bank CDs from Raisin rates for 2025
Rates as of April 22, 2025
APY = Annual Percentage Yield
Ponce Bank No-Penalty CD from Raisin
Bottom Line
Want the flexibility of a savings account with the benefits of a CD? Ponce Bank offers a high-yield no-penalty CD through its partnership with Raisin. This no-penalty CD gives you special upside on the APY, but with no penalties if you pull your deposits out early. Be aware that the term is only four months.
Ponce Bank is an FDIC-insured bank with well over $2 billion in assets. And with the CDs that it offers via Raisin, savers can access some of the highest CD rates available on the market. Note that the bank offers both standard high-yield CDs (with early-withdrawal penalties) and a no-penalty CD via Raisin.
Is a high-yield savings account a better option for you?
A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
up to 3.80%
Rate info
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
3.60%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
4.00%
Rate info
Balances less than $250,000 earn 4.00%, and balances greater than $250,000 earn 4.20%.
Ponce Bank High-Yield CD from Raisin rates are excellent on its 1-month, 3-month, and 6-month CDs. Likewise, the Ponce Bank No-Penalty CD from Raisin rate on its 4-month CD is very competitive. However, its rates on longer CDs are lackluster compared to what the best CDs earn.
Here are more details on how Ponce Bank CDs from Raisin work.
Minimum Deposit
$1
Range of Term Lengths
1 month to 4 years
Compounding Schedule
Daily (and paid monthly)
Early Withdrawal Penalty
30 days of simple interest (1-month CDs);90 days of simple interest (3-month, 6-month, and 11-month CDs); 180 days of simple interest (9-month CDs); 270 days of simple interest (13-month and 4-year CDs)
Grace Period
7 days
Data source: Ponce Bank
Ponce Bank CDs from Raisin pros and cons
While Ponce Bank CDs offer some very competitive APYs on certain terms, they're not perfect. Below are the pros and cons for these CDs.
Pros
No fees
Low minimum deposit
Multiple CD terms from 1 month to 48 months
High rates on shorter CD options
Cons
Hefty early withdrawal penalty
Lackluster rates on some CDs
Ponce Bank High-Yield CD from Raisin offers a mixed bag. Several of its shorter CDs earn a high APY that stacks up favorably to what the best banks offer. Ponce Bank also charges no fees on its CDs, and there's just a $1 minimum deposit, so it's a good choice for a CD ladder. Rates on its longer High-Yield CDs aren't competitive, though. It also charges an early withdrawal penalty, with the penalty amount depending on the term of the CD. If you think there's a chance you'll need to withdraw your money, high-yield savings accounts are likely a better option.
The No-Penalty CD available with Ponce Bank and Raisin is hard to beat. Just like with Ponce Bank High-Yield CD from Raisin, there are no fees and the minimum deposit is $1. It also earns one of the highest rates we've seen from a no-penalty CD. The only drawback is that Ponce Bank doesn't offer more of these. It has a 4-month No-Penalty CD, so if you want something longer, you're out of luck.
How much can you earn with a Ponce Bank CD from Raisin?
A CD is a good way to get a stable return on your money. Interest rates may go up and down, but once you open a CD, you lock in the current rate. The table below shows how much money you could earn by putting $1,000 in a Ponce Bank CD.
The numbers in the table below may not be accurate to current APYs and are for example purposes only.
Term
APY
Earnings
1 month
5.20%
$4.33
3 months
5.20%
$13.00
6 months
4.00%
$20.00
9 months
3.00%
$22.50
11 months
1.21%
$11.09
13 months
1.31%
$14.19
48 months
1.61%
$64.40
Data source: Author's calculations.
Is a Ponce Bank CD from Raisin safe?
Ponce Bank CDs are covered by FDIC insurance, which protects you against bank failure. FDIC-insured accounts, including these CDs, are covered for up to $250,000 per account holder. So even in a worst-case scenario, your money is safe.
When you're ready to get a CD with Ponce Bank, you can open one by following the steps below.
1. Go to Raisin's page for Ponce Bank
You can also select the "Open Account" link on this page.
2. Choose "Save Now" next to the CD you want
Make sure to choose a term that works for you, so you won't need to withdraw your money early.
3. Create an account
If you already have an account, choose the "Login here" option toward the top of the page.
4. Fund your CD
Add the details for the account you'll use to deposit money, and decide how much you want to deposit.
Who is a Ponce Bank CD from Raisin right for?
A Ponce Bank CD from Raisin is a good choice for anyone interested in a short CD term. If you're looking for a CD with a term of under one year, then Ponce Bank has some of the top options with high APYs offered through the Raisin platform.
Other Ponce Bank CD accounts
Ponce Bank and Raisin don't offer any other CDs together. But Ponce Bank has other CD options that it offers on its own, which are:
CD terms ranging from 1 month to 60 months
IRAs
Check Ponce Bank's website for the details on its direct-offer CDs.
At Motley Fool Money, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
The minimum deposit for a Ponce Bank CD with Raisin is $1. That applies for all the CD terms that Ponce Bank offers.
The only fee that Ponce Bank CDs from Raisin have is an early withdrawal penalty. If you keep your money deposited until your CD's maturity date, you won't be charged any fees.
You can close a Ponce Bank CD from Raisin early, but you'll pay an early withdrawal penalty. The penalty amount ranges from 30 days of simple interest to 270 days of simple interest, depending on the length of the CD.
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APYs are subject to change at any time without notice.
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