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Ponce Bank CDs From Raisin Rates for 2026

Review Updated
Joel O'Leary
Author: Joel O'Leary
Joel O'Leary
Joel O'Leary
Full-Time Personal Finance Writer

Joel O’Leary is a full-time Personal Finance Writer at Motley Fool Money, covering credit cards, bank accounts, investing, mortgages, and other personal finance topics. Joel has been writing about personal finance since 2018, previously leading editorial content for the How To Money podcast and serving as a resident writer at Budgets Are Sexy. He bought his first rental property at age 18, funding the down payment with savings from his high school job at McDonald’s -- a testament to his lifelong passion for smart money decisions. His work aims to make personal finance accessible and actionable for everyday readers. When he’s not writing, Joel enjoys surfing and spending time with his family.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

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.

Ponce Bank CDs from Raisin rates

Rates as of July 17, 2026

APY = Annual Percentage Yield

Offer image for Ponce Bank High-Yield CD from Raisin
Ponce Bank High-Yield CD from Raisin
Bottom Line

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.

MINIMUM DEPOSIT $1
Read Review
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% 3.90% 3.90% 3.90% 3.00% 1.21% 1.31% 1.61%
Rates as of July 17, 2026

APY = Annual Percentage Yield

Offer image for Ponce Bank No-Penalty CD from Raisin
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.

MINIMUM DEPOSIT $1
Read Review
4 Mo. APY
3.80%

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.

Overview of Ponce Bank CDs from Raisin

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, 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
Data source: Raisin.

Pros and cons of Ponce Bank CDs from Raisin

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
  • Daily compounding
  • Unique CD terms with promo rates
  • Backed by FDIC insurance

Cons

  • Steep early withdrawal penalty
  • Lackluster rates on some CD terms

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.

Compare Ponce Bank CDs from Raisin rates

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.

Rates as of July 17, 2026
EverBank CD Raisin

EverBank CD Raisin

APY:
4.05%
Term:
6 Months
Min. Deposit:
$1
Open Account for

On Raisin's Secure Website.

CIT Bank No-Penalty CD

CIT Bank No-Penalty CD

Member FDIC.
APY:
3.90%
Term:
11 Months
Min. Deposit:
$1,000
Open Account for

On CIT's Secure Website.

Trust and safety

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.

How to open a CD with Ponce Bank via Raisin

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.
  2. Browse the CD terms and choose "Save Now" next to the term you want
  3. Make sure to choose a term that works for you, so you won't need to withdraw your money early.
  4. Follow the application form to create an account. If you already have an account, choose the "Login here" option toward the top of the page.
  5. Fund your CD by adding the details for the account you'll use to deposit money, and decide how much you want to deposit.

The bottom line

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.

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.

Account APY Bonus Next Steps
up to 3.80%
Rate info Circle with letter I in it. Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply. Circle with letter I in it.

Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
4.15%
Rate info Circle with letter I in it. Earn a guaranteed 4.15% APY for 90 days. After that, your savings keep growing at a competitive standard rate -- currently 3.95% APY (subject to change). No minimum account balance required. Deposit or withdraw at any time with no additional fees.
Min. to earn: $1
Earn up to $1,200 when you sign up and fund your account using code SUMMER26.¹
up to 4.10%*
Rate info Circle with letter I in it. 4.10%* APY for balances of $5,000 or more; otherwise, 0.60%* APY
Min. to earn: $5,000
Earn up to 4.10% APY with promo code CITBoost Circle with letter I in it.

With the 6 month Boost limited-time offer, you earn 4.10%* APY on balances over $5,000 (balances less than $5,000 earn 0.60%* APY). After the boost is complete you will continue to earn standard rates -- 3.75% APY for balances over $5,000 (balances less than $5,000 earn 0.25% APY). The minimum to open a Platinum Savings account is $100. Member FDIC. No monthly service fees.
Disclaimers

¹New customers only. Earn a cash bonus when you deposit and maintain funds with partner banks on the Raisin platform. Customers can earn up to $60 for depositing between $10,000 and $24,999 ($50 welcome bonus + $10 bonus boost when you set up two recurring deposits or more totaling $100), up to $150 for depositing between $25,000 and $49,999 ($125 welcome bonus + $25 bonus boost when you set up two recurring deposits or more totaling $250), up to $300 for depositing between $50,000 and $99,999 ($250 welcome bonus + $50 bonus boost when you set up two recurring deposits or more totaling $500), up to $600 for depositing between $100,000 and $199,999 ($500 welcome bonus + $100 bonus boost when you set up two recurring deposits or more totaling $1,000), and up to $1,200 for depositing $200,000 or more ($1,000 welcome bonus + $200 bonus boost when you set up two recurring deposits or more totaling $2,000).

To qualify for the bonus, you must be a new Raisin customer who signs up between June 1, 2026, and July 31, 2026, and the promo code SUMMER26 must be entered at the time of sign-up. Deposit at least $10,000 within 14 days of your first deposit. You can make one or multiple deposits during this window, and your total deposited amount determines your bonus tier. You may add more funds during the 14-day window to reach a higher bonus tier. Satisfying these base requirements is mandatory to unlock and earn the optional recurring deposit boost. You can add this boost during your 14-day window by setting up an automated schedule that posts at least twice during the 90-day holding period. The recurring deposit boost is an extra cash reward earned by setting up an automated savings schedule within your first 14 days that posts at least twice during the 90-day holding period. Your base welcome bonus tier sets the maximum cap for this extra reward. If you choose to skip it, you will still earn your base welcome bonus by meeting the standard qualifying terms. However, you cannot earn the recurring boost on its own; satisfying the base welcome bonus requirements is mandatory to unlock it.

Once the deposit window closes, your balance must remain at or above your qualifying bonus tier for 90 days. If your balance drops below that amount during the 90-day period, you may no longer be eligible for that bonus. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for this bonus.

Bonus cash will be deposited by Raisin into the customer’s Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin reserves the right to modify or terminate this offer at any time.

Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.

Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of February 17, 2026.

* Platinum Savings APY Boost Promotion Terms and Conditions

This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.

Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.

The Promotion begins on February 13, 2026, and ends August 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.

The promotion can end at any time without notice.

For complete list of account details and fees, see our Personal Account disclosures.

CIT General Disclosure

For complete list of account details and fees, see our Personal Account disclosures. https://www.cit.com/cit-bank/resources/forms

FAQs

  • 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.