Last Updated: 02/24/2026
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Highlights
APY (Annual Percentage Yield)
3.25% - 3.95%(Verified 02/24/2026)
Minimum Opening Deposit
$1
Certificate Term
3 months
Patriot Bank High Yield CD Review
Patriot Bank High Yield CD are offered by Patriot Bank, a bank founded in 1999 and based in Stamford, CT. Patriot Bank High Yield CD are available in 50 states,Puerto Rico, and Washington, DC.
Key Takeaways
- Small selection of CD account types. Patriot Bank High Yield CD only offers IRA and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.95%, which is much higher than the national average for a CD account.
- Small minimum initial deposit. You only need $1 to open an account.
- Limited selection of CD terms. Patriot Bank High Yield CD only offers one CD term. This limits your options when trying to set up a CD ladder.
Pros & Cons of Patriot Bank High Yield CD
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Patriot Bank High Yield CD FAQ
Are CD from Patriot Bank federally insured?
No, your Patriot Bank CD accounts are not insured by a federal insurance agency. This means that if Patriot Bank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
What types of CDs does Patriot Bank offer?
Patriot Bank High Yield CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Patriot Bank High Yield CD offers a CD that is specifically for retirement.
What rates does Patriot Bank offer on its CDs?
Patriot Bank High Yield CD offers an APY starting at 3.25% and ranging up to 3.95%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does Patriot Bank High Yield CD offer?
Patriot Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 3.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 3.25% - 3.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 13-Month APY | 3.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1-Month APY | 3.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Patriot Bank?
Patriot Bank High Yield CD require a minimum deposit of $1 to open an account.
What is the grace period for Patriot Bank High Yield CD?
Patriot Bank High Yield CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Patriot Bank charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Patriot Bank charges an early withdrawal fee.
Patriot Bank does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed