Ponce Bank CD Rates: Lock in 3.90% APY on Short-Term CDs with Just $1

If you're looking for a safe place to stash some cash for a few months and earn a decent return, Ponce Bank has some attractive CD options right now. They're offering a handful of short-term certificates of deposit with annual percentage yields (APY) that stand out in today's rate environment. The best part? You only need a single dollar to get started, and there's no maximum deposit limit. Let's break down what's available and what you should keep in mind before opening an account.

What Makes These CDs Worth a Look?

Ponce Bank is offering some of the more competitive short-term CD rates I've seen recently. The 3-month, 4-month, and 6-month terms all earn 3.90% APY, which is pretty solid for a federally insured account. The 1-month term comes in at 3.00% APY, still better than what most big banks offer on standard savings accounts.

The 4-month No Penalty CD is especially interesting. You can withdraw your money after just seven days without paying any early withdrawal penalty. That gives you a lot of flexibility if you think you might need the cash before the term ends. For the other CDs, early withdrawal penalties do apply, so make sure you're comfortable locking your money up for the full term.

• 3.90% APY on 3, 4, and 6-month terms
• Minimum deposit is only $1 — no need to tie up thousands
• No maximum deposit limit
• 4-month No Penalty CD allows penalty-free withdrawals after 7 days
• FDIC insured up to $250,000

A Quick Look at the Full Rate Sheet

Here's a snapshot of all the CD terms Ponce Bank is currently offering. Rates are as of February 2026 and are subject to change.

• 1-Month High Yield CD: 3.00% APY
• 3-Month High Yield CD: 3.90% APY
• 4-Month No Penalty CD: 3.90% APY
• 6-Month High Yield CD: 3.90% APY
• 11-Month High Yield CD: 1.21% APY
• 13-Month High Yield CD: 1.31% APY
• 48-Month High Yield CD: 1.61% APY

Things to Watch Out For

While the short-term rates are impressive, the longer-term CDs at Ponce Bank are not nearly as competitive. The 11-month, 13-month, and 48-month terms all pay below 2% APY, which is well below what you can find elsewhere. So if you're looking to lock in a rate for a year or more, you'll want to shop around.

Also, keep in mind that CD rates are fixed for the entire term. If rates go up after you open your CD, you'll be stuck at the lower rate unless you break the CD early (and pay a penalty). The 4-month No Penalty CD is the exception — you can pull your money out after a week without any fees, so you're not locked in.

Finally, Ponce Bank is a smaller community bank based in the Bronx. That's not a bad thing — they've been around since 1960 and are FDIC insured — but their online banking experience might not be as polished as what you'd get from a giant national bank. If you're comfortable with that, the rates are worth it.

Bottom Line

• Ponce Bank is offering 3.90% APY on 3, 4, and 6-month CDs with just a $1 minimum deposit.
• The 4-month No Penalty CD lets you withdraw after 7 days with no penalty — great for flexibility.
• Longer-term CDs (11 months and up) have much lower rates, so compare other options for those terms.
• Rates are fixed for the term, so consider whether you expect rates to rise before locking in.

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