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Ponce Bank is a New York–based community bank that's been around since 1960. Originally founded to serve the Bronx's Puerto Rican and immigrant communities, it's grown into a federally chartered bank with over $3 billion in assets and a strong presence in the digital marketplace through Raisin.
In 2025, Ponce Bank is making headlines with competitive CD rates available nationwide. If you're looking for a safe place to park your savings and lock in yield, here's what you need to know about Ponce Bank's certificates of deposit.
APY = Annual Percentage Yield
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.
1 Mo. APY | 3 Mo. APY | 4 Mo. APY | 6 Mo. APY | 9 Mo. APY | 11 Mo. APY | 13 Mo. APY | 4 Yr. APY |
---|---|---|---|---|---|---|---|
3.00% | 4.25% | 4.25% | 4.00% | 3.00% | 1.21% | 1.31% | 1.61% |
APY = Annual Percentage Yield
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.
On Raisin's Secure Website.
4 Mo. APY |
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4.15% |
Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.
Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.
Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.
Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.
Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.
Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.
Minimum Deposit | $1 |
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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, 4-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 |
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.
Ponce Bank's CDs on Raisin are kind of a mixed bag. Some short-term options shine -- you'll find APYs that can hang with the best in the market. No fees, just a $1 minimum, and easy to use for building a CD ladder.
But stretch out to the longer terms and the rates start to look pretty "meh." And like most banks, there's an early withdrawal penalty, so if you think you might need that cash early, a high-yield savings account could be the safer play.
Where Ponce Bank really stands out is its No-Penalty CD. Same $1 minimum, no fees, and one of the best rates you'll see for this type of account. The only downside is it's just a 4-month term. Great for short-term flexibility, but not much help if you're looking for something longer.
Before you commit, it's smart to see how Ponce Bank stacks up against other top CD offers on the market. Rates can vary widely by term and bank, and a quick comparison will help you spot where Ponce Bank shines -- and where another bank might give you more bang for your buck.
On LendingClub's Secure Website.
On Discover Bank's Secure Website.
Ponce Bank is fully FDIC-insured, which means your deposits are protected up to $250,000 per depositor, per ownership category. That's the same safety net you'd get at any major U.S. bank, so your money is covered.
Customer feedback on Ponce Bank is a little mixed. Trustpilot shows a low score just above 3.2 out of 5 stars, with at least one review mentioning CDs being rolled over without warning. Other review sites note that while Ponce Bank is financially sound, the user experience can feel clunky compared to slicker online banks.
Still, the bank itself has been around since 1960 and operates with over $3 billion in assets, which adds some reassurance that you're dealing with an established institution, not a startup.
Overall, the trust and safety layer is reasonable (FDIC backing is the core), but your experience may hinge heavily on the fine print and execution details for opening, maturing, and withdrawing funds.
When you're ready to get a CD with Ponce Bank, you can open one by following the steps below.
If you're chasing top APYs and don't mind sticking with short terms, Ponce Bank CDs through Raisin are worth a look. The no-fee setup and $1 minimum make them easy to ladder.
But if you're after longer-term CDs with stronger rates, you'll probably find better options elsewhere.
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.
Account | APY | Bonus | Next Steps |
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Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
4.90/5
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.
|
up to 4.50%
Rate info
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
|
Earn up to $300 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
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Open Account for American Express® High Yield Savings Account
On American Express's Secure Website.
4.80/5
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.
|
3.50%
Rate info
3.50% annual percentage yield as of October 1, 2025. Terms apply.
Min. to earn: $0
|
N/A
|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
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Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website.
4.40/5
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.
|
4.10%
Rate info
The annual percentage yield (APY) is accurate as of September 30, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
Min. to earn: $500 to open, $0.01 for max APY
|
N/A
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Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website. |
The annual percentage yield (APY) is accurate as of September 30, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
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.