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Best Business CD Rates 2026

Brian's ClearValue Lending Team··10 min read·Updated October 10, 2026

TL;DR

A business CD locks a cash reserve for a fixed term at a fixed APY. When we read each bank's own page on October 10, 2026, the highest 12-month business CD rate we could verify was 4.30% APY, at Live Oak Bank. The 12-month rates at the CDs any business can open were: Live Oak Bank 4.30%, First Internet Bank 4.00%, nbkc bank 2.75%, U.S. Bank 0.05%. American Express paid 3.00% on every term, but only to businesses that already have an Amex Business or Corporate Card program. Capital One lists no business CD. The FDIC's national average for a 12-month CD was 1.73% (September 21, 2026). Rates can change until a CD is funded — confirm with the bank first.

Live Oak Bank

Live Oak Bank Business CD

4.30% APY on a 1-year business CD, opened online, $2,500 minimum.

12-month APY: 4.30% — Standard business CD, read at liveoak.bank on October 10, 2026; the bank dates its rates September 28, 2026

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First Internet Bank of Indiana

First Internet Bank Business CD

4.00% APY on a 12-month business CD, and the same rate on every term out to 60 months.

12-month APY: 4.00% — Standard business CD, read at firstib.com on October 10, 2026; the bank dates its rates October 2, 2026

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nbkc bank

nbkc Business CD

2.75% APY on a 1-year business CD from a Kansas City bank; $1,000 minimum.

12-month APY: 2.75% — Standard business CD, read at nbkc.com on October 10, 2026; the bank dates its rates October 10, 2026

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U.S. Bank National Association

U.S. Bank Standard Business CD

Branch-bank business CDs: 0.05% on the standard 12-month CD, with higher promotional rates on 6- and 9-month "CD Special" terms.

12-month APY: 0.05% — Standard business CD, read at usbank.com on October 10, 2026; the bank dates its rates October 10, 2026. Rate for ZIP code 55402; the page prints the Standard CD's interest rate, which rounds to the same APY

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American Express National Bank

American Express Business CD

A card-secured CD for existing Amex Business or Corporate Card programs — not a general-purpose business CD.

APY (every term): 3.00% — Same rate on every term, read at americanexpress.com on October 10, 2026; the bank dates its rates July 1, 2026

Read full review
Capital One, N.A.

Capital One Business CD

Not offered — Capital One's small-business banking page lists no CD.

Status: Not offered — capitalone.com/small-business/bank/ lists business checking and business savings only, read October 10, 2026

Read full review

Not offered — Capital One's small-business banking page lists no CD.

How these picks are ordered +

Business CDs that any eligible business can open are listed first, by the 12-month APY each bank's own site showed on October 10, 2026, highest first; ties are alphabetical. American Express follows because its CD is only for existing card programs, and Capital One is last because it lists no business CD. A CD's APY is fixed only once you open and fund it — confirm the current rate first.

These picks carry no star rating. The figure beside each one is the rate we read on the bank's own page, with the date we read it. Placement is independent of any compensation.

6
Banks checked

4 offer a business CD any business can open; American Express's is for existing card programs; Capital One lists none

4.30%
Highest 12-month APY we verified

Live Oak Bank, read at the bank's own site on October 10, 2026

$500–$25,000
Minimum deposit

Lowest at U.S. Bank, highest at American Express

1.73%
National average, 12-month CD

FDIC National Rates and Rate Caps, September 21, 2026

A business CD locks a cash reserve for a fixed term in exchange for a fixed APY. The rate cannot change after the CD is funded, and taking the money out early costs a penalty.

Rate note (October 10, 2026): We read each bank's own business CD page on October 10, 2026. The 12-month rates:

Bank 12-month APY Minimum Bank's own rate date
Live Oak Bank 4.30% $2,500 September 28, 2026
First Internet Bank 4.00% $1,000 October 2, 2026
nbkc bank 2.75% $1,000 October 10, 2026
U.S. Bank 0.05% $500 October 10, 2026
American Express (existing card programs only) 3.00% $25,000 July 1, 2026
Capital One Not offered — —

Live Oak says its CD APYs are valid as of September 28, 2026; First Internet Bank last updated its rates October 2, 2026; nbkc dates its rates October 10, 2026; U.S. Bank's rates are effective October 10, 2026 for ZIP code 55402; American Express says its APY is accurate as of July 1, 2026. For comparison, the FDIC's national average for a 12-month CD was 1.73% as of September 21, 2026 (FDIC National Rates and Rate Caps).

How the picks are ordered: CDs that any eligible business can open come first, by verified 12-month APY, highest first. American Express follows because its CD is only for businesses that already have an Amex Business or Corporate Card program. Capital One is last because it lists no business CD. These picks carry no star rating — the rate and the date we read it are the signal. On a $50,000 deposit held for 12 months, 4.30% earns $2,150 and 0.05% earns $25.

How to pick a business CD

Three questions sharpen the choice:

  1. How long can you lock the money? If you might need the funds within 6 months, a business savings account is safer. Compare the penalty with the interest you would earn before you commit.

  2. Which term? The 12-month rate is not always the bank's best. Live Oak's rates were highest from 6 to 18 months and dropped to 2.00% at 2 years and longer. First Internet Bank paid 4.00% on every term from 12 to 60 months. nbkc paid more on 6 months (3.00%) than on 1 year (2.75%). U.S. Bank's promotional CD Special paid 3.25% APY for 6 months and 3.50% APY for 9 months, against 0.05% on its standard 12-month CD.

  3. Do you need a branch? Of the banks on this page, U.S. Bank has a branch network, and it opens business CDs by appointment rather than online. Live Oak and First Internet Bank open business CDs online.

CD laddering for a business reserve

A ladder splits a reserve across several terms so that part of it matures at regular intervals. Each rung keeps its fixed rate until it matures, and the cash that comes due can be spent or rolled into a new CD at the rate offered then. Check each rung's early-withdrawal penalty first; the penalty, not the rate, is what an emergency withdrawal costs.

Sources & citations

Frequently asked questions

What is a business CD and how does it differ from a business savings account?+

A certificate of deposit (CD) holds a deposit for a set term at an APY that is fixed when the CD is opened. A business savings account keeps the money accessible at a variable APY. A CD charges an early-withdrawal penalty if you take the money out before maturity, so it suits cash you are confident you will not need until the term ends.

Are business CDs FDIC insured?+

CDs at FDIC-member banks are insured up to $250,000 per depositor, per FDIC-insured bank, per ownership category. A business holding more than that in CDs can spread the money across more than one insured bank. Check a bank's status with the FDIC's BankFind tool at banks.data.fdic.gov.

What is the highest business CD rate right now?+

Among the banks on this page, the highest 12-month business CD rate we could verify on October 10, 2026 was 4.30% APY at Live Oak Bank. The lowest was 0.05% at U.S. Bank. We read each rate on the bank's own page; rates change, so confirm before opening.

What is a typical early-withdrawal penalty on a business CD?+

It varies by bank and term. On the pages we read on October 10, 2026: Live Oak Bank charges 90 days of simple interest on terms under 24 months and 180 days of simple interest on terms of 24 months or more. First Internet Bank charges 90 days of interest on the 3-month CD, 180 days on the 6-, 12- and 18-month CDs, and 360 days on terms of 24 months and longer. American Express may charge up to 90 days of interest on the amount withdrawn for terms of one year or less, and up to 180 days for terms of more than one year. The nbkc and U.S. Bank pages say a penalty applies but do not state the amount.

What happens to my business CD if the Fed cuts rates mid-term?+

Nothing changes on a CD you have already funded: the APY is fixed for the term. New CDs opened after a rate change get the new rate. The reverse also holds — if rates rise, a funded CD keeps its original rate until maturity.

Is ClearValue Lending a bank or CD issuer?+

No. ClearValue Lending is a financial education and comparison platform — not a bank, CD issuer, lender, or financial advisor. This guide presents publicly available editorial information about business CDs. All CDs are issued and operated by their respective banks. APYs, terms, minimums, and penalties are set solely by each bank and may change — confirm them with the bank before opening.

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