If you’re looking for a simple way to grow your savings, 1-year CDs are a great option. In this article, we’ve rounded up some of the best 12-month CD rates out there. We’ve focused on banks and credit unions that have low minimum deposit requirements, no extra fees, and are available nationwide. We’ve also included CDs with terms of around one year, like 9-month and 13-month CDs.

Featured 1-Year CDs

Bank/Credit Union

Min. Deposit

APY

Learn More


$1

5.51%


$2500

5.00%


$1

5.50%


No-penalty | 3-Month | 6-Month | 1-Year | 2-year | 3-year | 4-year | 5-year

Best 1-Year CD Rates

Here are the 1-year CDs from our database, listed from highest to lowest APY:

129 Results

CFG Bank 12-Month CD
CFG Bank
12-Month CD
APY
5.67%
Min
$500
Max
$250k

Forbright 12-month Online CD
Forbright
12-month Online CD
APY
5.65%
Min
$1,000
Max
-

NexBank 12-month Online CD
NexBank
12-month Online CD
APY
5.60%
Min
$25,000
Max
$100k

NexBank 12-month Online Jumbo CD
NexBank
12-month Online Jumbo CD
APY
5.60%
Min
$100,000
Max
$5,000k

Popular Direct 12-month CD
Popular Direct
12-month CD
APY
5.60%
Min
$10,000
Max
-

Colorado Federal Savings Bank 12-month CD
APY
5.55%
Min
$5,000
Max
-

Western Alliance Bank 12-month CD via Raisin
Western Alliance Bank
12-month CD via Raisin
APY
5.51%
Min
$1
Max
-

Citizens Access 1-Year Online High Yield CD
Citizens Access
1-Year Online High Yield CD
APY
5.50%
Min
$5,000
Max
-

Bread Bank 1-year CD
Bread Bank
1-year CD
APY
5.50%
Min
$1,500
Max
$1,000k

Rising Bank 1-Year Term CD
Rising Bank
1-Year Term CD
APY
5.50%
Min
$1,000
Max
-

LendingClub Bank, N.A. 1-year CD
APY
5.50%
Min
$2,500
Max
$250k

USALLIANCE Financial 12-month CD
APY
5.40%
Min
$500
Max
-

Live Oak Bank 1-Year CD
Live Oak Bank
1-Year CD
APY
5.40%
Min
$2,500
Max
$250k

Live Oak Bank 1-Year Business CD
Live Oak Bank
1-Year Business CD
APY
5.40%
Min
$2,500
Max
$250k

NexBank 12-month Standard CD
NexBank
12-month Standard CD
APY
5.35%
Min
$10,000
Max
$25k

First Internet Bank 12-month High Yield CD
First Internet Bank
12-month High Yield CD
APY
5.35%
Min
$1,000
Max
-

Signature Federal Credit Union 12-month CD
APY
5.35%
Min
$500
Max
-

BrioDirect 12-month High Yield CD
BrioDirect
12-month High Yield CD
APY
5.35%
Min
$500
Max
-

BrioDirect 12-month Promotional High Yield CD
BrioDirect
12-month Promotional High Yield CD
APY
5.35%
Min
$500
Max
-

Navy Federal Credit Union Special EasyStart Certificate12-month CD
Navy Federal Credit Union
Special EasyStart Certificate12-month CD
APY
5.30%
Min
$50
Max
$3k

Quontic Bank 1-Year CD
Quontic Bank
1-Year CD
APY
5.30%
Min
$500
Max
-

Luana Savings Bank 12-month Jumbo CD
Luana Savings Bank
12-month Jumbo CD
APY
5.27%
Min
$100,000
Max
-

Amerant Bank 12-month Online CD
Amerant Bank
12-month Online CD
APY
5.25%
Min
$500
Max
$250k

Amerant Bank 12-month Online CD
Amerant Bank
12-month Online CD
APY
5.25%
Min
$500
Max
$250k

Seattle Bank 12-month CD
Seattle Bank
12-month CD
APY
5.25%
Min
$1,000
Max
$220k

America First Credit Union 12-17 months CD
APY
5.25%
Min
$500
Max
-

Valley Direct 12-month CD
Valley Direct
12-month CD
APY
5.25%
Min
$500
Max
$500k

Banesco USA BaneSmart 12-Month CD
Banesco USA
BaneSmart 12-Month CD
APY
5.25%
Min
$1,500
Max
-

Finworth 12-months CD
Finworth
12-months CD
APY
5.25%
Min
$50,000
Max
$240k

United States Senate Federal Credit Union 12-months Plus Jumbo Business CD
United States Senate Federal Credit Union
12-months Plus Jumbo Business CD
APY
5.23%
Min
$200,000
Max
-

United States Senate Federal Credit Union 12-months Plus Jumbo CD
APY
5.23%
Min
$200,000
Max
-

Alliant Credit Union 12-Month Jumbo CD
Alliant Credit Union
12-Month Jumbo CD
APY
5.20%
Min
$75,000
Max
-

United States Senate Federal Credit Union 12-months Jumbo CD
APY
5.18%
Min
$100,000
Max
$200k

United States Senate Federal Credit Union 12-months Jumbo Business CD
APY
5.18%
Min
$100,000
Max
$200k

Crescent Bank 12-month CD
Crescent Bank
12-month CD
APY
5.15%
Min
$1,000
Max
-

Barclays Bank 12-month CD
Barclays Bank
12-month CD
APY
5.15%
Min
-
Max
-

Alliant Credit Union 12-month CD
APY
5.15%
Min
$1,000
Max
-

United States Senate Federal Credit Union 12-months CD
APY
5.13%
Min
$1,000
Max
$100k

United States Senate Federal Credit Union 12-months Business CD
APY
5.13%
Min
$1,000
Max
$100k

Luana Savings Bank 12-month CD
APY
5.11%
Min
$2,000
Max
$100k

Synchrony Bank 12-month CD
Synchrony Bank
12-month CD
APY
5.10%
Min
$1
Max
-

Fort Liberty Federal Credit Union 12-months Jumbo Share Certificate
Fort Liberty Federal Credit Union
12-months Jumbo Share Certificate
APY
5.10%
Min
$25,000
Max
-

Marcus by Goldman Sachs 12-month CD
APY
5.10%
Min
$500
Max
-

America First Credit Union 12-17 months Bump-Rate CD
America First Credit Union
12-17 months Bump-Rate CD
APY
5.10%
Min
$500
Max
-

Idabel National Bank 12-month CD via Raisin
Idabel National Bank
12-month CD via Raisin
APY
5.05%
Min
$1
Max
-

TAB Bank 12-month CD
TAB Bank
12-month CD
APY
5.02%
Min
$1,000
Max
-

TAB Bank 12-month Business CD
TAB Bank
12-month Business CD
APY
5.02%
Min
$1,000
Max
-

Capital One Bank 360 12-month CD
Capital One Bank
360 12-month CD
APY
5.00%
Min
$1
Max
-

Ivy Bank 1-Year CD
Ivy Bank
1-Year CD
APY
5.00%
Min
$1,000
Max
$1,000k

Fort Liberty Federal Credit Union 12-months Share Certificate
Fort Liberty Federal Credit Union
12-months Share Certificate
APY
5.00%
Min
$500
Max
-

Chevron Federal Credit Union 12-months Share Certificate
Chevron Federal Credit Union
12-months Share Certificate
APY
5.00%
Min
$500
Max
-

Chevron Federal Credit Union 12-months Share Certificate
Chevron Federal Credit Union
12-months Share Certificate
APY
5.00%
Min
$50,000
Max
-

Chevron Federal Credit Union 12-months Share Certificate
Chevron Federal Credit Union
12-months Share Certificate
APY
5.00%
Min
$100,000
Max
-

Chevron Federal Credit Union 12-months Share Certificate
Chevron Federal Credit Union
12-months Share Certificate
APY
5.00%
Min
$250,000
Max
-

Spectrum Credit Union 12-months Share Certificate
Spectrum Credit Union
12-months Share Certificate
APY
5.00%
Min
$500
Max
-

Spectrum Credit Union 12-months Share Certificate
Spectrum Credit Union
12-months Share Certificate
APY
5.00%
Min
$50,000
Max
-

Spectrum Credit Union 12-months Share Certificate
Spectrum Credit Union
12-months Share Certificate
APY
5.00%
Min
$100,000
Max
-

Spectrum Credit Union 12-months Share Certificate
Spectrum Credit Union
12-months Share Certificate
APY
5.00%
Min
$250,000
Max
-

Discover Bank 12-month High Yield CD
Discover Bank
12-month High Yield CD
APY
5.00%
Min
$2,500
Max
-

Discover Bank 12-month IRA CD
Discover Bank
12-month IRA CD
APY
5.00%
Min
$2,500
Max
-

EverBank 1-Year CD
EverBank
1-Year CD
APY
5.00%
Min
$1,000
Max
-

Luana Savings Bank 12-month Kids CD
Luana Savings Bank
12-month Kids CD
APY
4.96%
Min
$2,000
Max
-

HSBC 12-months Online CD
HSBC
12-months Online CD
APY
4.85%
Min
$1,000
Max
$2,000k

Ally Bank 12-Month High Yield CD
Ally Bank
12-Month High Yield CD
APY
4.85%
Min
$1
Max
-

UmbrellaBank 12-month CD
UmbrellaBank
12-month CD
APY
4.85%
Min
$10,000
Max
-

First Mid Bank & Trust 12-month No Penalty CD via Raisin
First Mid Bank & Trust
12-month No Penalty CD via Raisin
APY
4.82%
Min
$1
Max
-

Nationwide by Axos Bank 12-month CD
APY
4.75%
Min
$500
Max
-

EverBank 1-Year Business CD
EverBank
1-Year Business CD
APY
4.75%
Min
$1,500
Max
-

Teachers Federal Credit Union 12-month CD
APY
4.75%
Min
$1,000
Max
$100k

La Capitol Federal Credit Union 1-Year Super Saver Share Certificate
La Capitol Federal Credit Union
1-Year Super Saver Share Certificate
APY
4.70%
Min
$100,000
Max
-

Newtek Bank 12-month CD
Newtek Bank
12-month CD
APY
4.60%
Min
$2,500
Max
$250k

Great Lakes Credit Union 12-month CD via Raisin
Great Lakes Credit Union
12-month CD via Raisin
APY
4.60%
Min
$1
Max
-

La Capitol Federal Credit Union 1-Year Mega Saver With One-Time Bump
La Capitol Federal Credit Union
1-Year Mega Saver With One-Time Bump
APY
4.60%
Min
$100,000
Max
-

La Capitol Federal Credit Union 1-Year Thrifty Saver Share Certificate
La Capitol Federal Credit Union
1-Year Thrifty Saver Share Certificate
APY
4.50%
Min
$1,500
Max
-

American First Credit Union 12-month CD via Raisin
American First Credit Union
12-month CD via Raisin
APY
4.50%
Min
$1
Max
-

NASA Federal Credit Union 12-month Early Savers CD
NASA Federal Credit Union
12-month Early Savers CD
APY
4.35%
Min
$50
Max
-

NASA Federal Credit Union 12-month CD
APY
4.35%
Min
$1,000
Max
-

Citibank 1-Year Fixed Rate CD
Citibank
1-Year Fixed Rate CD
APY
4.30%
Min
$500
Max
-

Langley Federal Credit Union 12-month CD
APY
4.25%
Min
$500
Max
-

American Express Bank 12-Month CD
APY
4.25%
Min
$1
Max
-

NASA Federal Credit Union 12-month Add-On CD
NASA Federal Credit Union
12-month Add-On CD
APY
4.25%
Min
$250
Max
-

Ponce Bank 12-month High Yield CD
Ponce Bank
12-month High Yield CD
APY
4.25%
Min
$1,000
Max
-

SkyOne Federal Credit Union 12-month Certificate via Raisin
SkyOne Federal Credit Union
12-month Certificate via Raisin
APY
4.20%
Min
$1
Max
-

Signature Federal Credit Union 1-Year EZ Save CD
APY
4.00%
Min
$50
Max
$25k

Credit Union of the Rockies 12-month CD
APY
4.00%
Min
$500
Max
-

Credit Union of the Rockies 12-month Baby-Jumbo CD
Credit Union of the Rockies
12-month Baby-Jumbo CD
APY
4.00%
Min
$50,000
Max
-

Virtual Bank 12-month CD
Virtual Bank
12-month CD
APY
3.87%
Min
-
Max
-

Amerant Bank 12-month CD
Amerant Bank
12-month CD
APY
3.75%
Min
$10,000
Max
$250k

NuVision Credit Union 1-Year Jumbo CD
NuVision Credit Union
1-Year Jumbo CD
APY
3.65%
Min
$100,000
Max
-

NuVision Credit Union 1-Year CD
APY
3.60%
Min
$50,000
Max
-

NuVision Credit Union 1-Year CD
APY
3.55%
Min
$25,000
Max
-

NuVision Credit Union 1-Year CD
APY
3.50%
Min
$1,000
Max
-

Thrivent Credit Union 12-month CD
APY
3.25%
Min
$1,000
Max
-

Magnifi Financial 12-month Jumbo CD
Magnifi Financial
12-month Jumbo CD
APY
3.15%
Min
$150,000
Max
-

Magnifi Financial 12-month Jumbo CD
Magnifi Financial
12-month Jumbo CD
APY
3.05%
Min
$100,000
Max
$150k

MainStreet Bank 1-Year CD
APY
3.00%
Min
$500
Max
-

XCEL Federal Credit Union 12-months CD
APY
3.00%
Min
$500
Max
-

MainStreet Bank 1-Year Business CD
MainStreet Bank
1-Year Business CD
APY
3.00%
Min
$500
Max
-

Magnifi Financial 12-month CD
APY
3.00%
Min
$50,000
Max
$100k

Magnifi Financial 12-month CD
APY
2.95%
Min
$25,000
Max
$50k

Magnifi Financial 12-month CD
APY
2.90%
Min
$500
Max
$25k

MainStreet Bank 1-Year No-Penalty Business CD
MainStreet Bank
1-Year No-Penalty Business CD
APY
2.75%
Min
$500
Max
-

MainStreet Bank 1-Year No-Penalty CD
MainStreet Bank
1-Year No-Penalty CD
APY
2.75%
Min
$500
Max
-

UNIFY Financial Credit Union 12-month Jumbo CD
APY
2.40%
Min
$100,000
Max
-

Teachers Federal Credit Union 12-month Jumbo CD
APY
2.25%
Min
$100,000
Max
-

UNIFY Financial Credit Union 12-month CD
APY
2.25%
Min
$40,000
Max
-

UNIFY Financial Credit Union 12-month CD
APY
2.10%
Min
$1,000
Max
-

Zeal Credit Union 12-months Jumbo CD
Zeal Credit Union
12-months Jumbo CD
APY
2.00%
Min
$100,000
Max
-

Zeal Credit Union 12-months CD
Zeal Credit Union
12-months CD
APY
1.90%
Min
$25,000
Max
$100k

Zeal Credit Union 12-months CD
Zeal Credit Union
12-months CD
APY
1.80%
Min
$1,000
Max
$25k

Bank Financial 1-Year CD
APY
1.75%
Min
$1,000
Max
-

Bank Financial 1-Year Business CD
Bank Financial
1-Year Business CD
APY
1.75%
Min
$1,000
Max
-

Bank Financial Goal Setter 1-Year CD
Bank Financial
Goal Setter 1-Year CD
APY
1.75%
Min
$1,000
Max
-

Bank Financial Kids 1-Year CD
Bank Financial
Kids 1-Year CD
APY
1.65%
Min
$500
Max
-

Liberty Federal Credit Union 1-Year CD
APY
1.55%
Min
$1,000
Max
-

Liberty Federal Credit Union Save to Win 1 Year CD
Liberty Federal Credit Union
Save to Win 1 Year CD
APY
1.55%
Min
$25
Max
-

Third Federal Savings & Loan 12-months CD
APY
1.50%
Min
$50
Max
-

American Bank 12-month CD
American Bank
12-month CD
APY
1.01%
Min
-
Max
-

American Bank 12-month Business CD
American Bank
12-month Business CD
APY
1.01%
Min
$500
Max
-

Affinity Plus Federal Credit Union 12-month Certificate Builder CD
Affinity Plus Federal Credit Union
12-month Certificate Builder CD
APY
1.00%
Min
$100
Max
-

Affinity Plus Federal Credit Union 12-month Wahoo CD
APY
1.00%
Min
-
Max
$25k

American First Credit Union 12-month CD
APY
0.90%
Min
$1,000
Max
-

Continental Bank 1-Year High Yield CD
Continental Bank
1-Year High Yield CD
APY
0.75%
Min
$25,000
Max
-

Bank Financial Goal Setter 1-Year CD
Bank Financial
Goal Setter 1-Year CD
APY
0.60%
Min
$25
Max
$1k

Affinity Plus Federal Credit Union 12-month CD
APY
0.55%
Min
$500
Max
-

CIT Bank CIT Bank 12-Month CD
CIT Bank
CIT Bank 12-Month CD
APY
0.30%
Min
$1,000
Max
-

ConnectOne Bank 12-month CD
ConnectOne Bank
12-month CD
APY
0.25%
Min
$500
Max
-

Citibank 12-Month No-Penalty CD
Citibank
12-Month No-Penalty CD
APY
0.05%
Min
$500
Max
-

BMO Harris Bank 12-month Standard CD*
BMO Harris Bank
12-month Standard CD*
APY
0.05%
Min
$1,000
Max
-

12-Month CD Details

1. Blue Federal Credit Union 15-Month CD (5.25% APY)

The Blue Federal Credit Union’s 15-month CD is also offered by SaveBetter. The minimum deposit is just $1. Interest is compounded daily and credited to the account monthly. The current APY is 5.25%.

2. Discover Bank 12-Month CD (5.00% APY)

Discover Bank

Discover Bank currently offers one one-year CD term that pays an APY of 5.00%. Discover Bank offers CD terms ranging from 3 months to 10 years. The minimum deposit to open a CD with Discover is $2,500.

Discover Bank also launched an online checking account with cash back. All account holders can earn 1% cash back on up to $3,000 in debit card purchases each month. This means the potential for $360 a year in cashback. If you’re gun-shy about owning a credit card and taking advantage of rewards programs, this kind of account is a perfect match.

3. CIT Bank 13-Month CD (4.65% APY)

CIT Bank

CIT’s best CD offering actually happens to be the 13-month CD. The current APY is 4.65%. The interest rate is slightly higher than some of the other 12 month CDs you’ll find on the list so why not tuck your money away here to earn a little extra each month?! CIT Bank also has a terrific interest rate on its Savings Connect account (currently 4.65% APY), which is another great way to earn a high rate of interest without the fear of early withdrawal penalties.

The minimum deposit amount for a CIT CD is $1,000, and they offer terms from six months all the way up to 60 months.

4. Synchrony Bank 1-Year CD (5.10% APY)

Synchrony Bank

Synchrony Bank, formerly known as GE Capital, offers a high interest rate for a 12 month CD (currently 5.10% APY. Synchrony Bank offers a range of CDs from three-month terms to five-year terms, and the minimum deposit required is $2,000.

The Synchrony also offers a competitive rate for their online savings accounts and with no minimum deposit required. If you’re looking to invest for retirement, you can also open up a traditional or Roth IRA CD. The interest rates are identical to that of high yield CDs but with tax benefits.

5. Marcus 12-Month CD (5.10% APY)

Marcus by Goldman Sachs

Offering a competitive rate on a one-year CD, Marcus currently pays (5.10% APY). There is a $500 minimum deposit required to open a CD account, and early withdrawal penalties do apply.

Marcus savings account also has a high interest rate and was rated by MONEY magazine as the best standalone account for savings in 2016. Unlike some of the other banks, however, Marcus is a little light on their other product offerings. CDs and online savings are currently their only online deposit accounts.

6. Ally Bank 1-Year CD (4.85% APY)

Ally Bank

Ally Bank‘s 1-year CD is currently paying 4.85% APY. There is no minimum deposit to open an account.

Ally Bank offers more than just CDs too. They offer a high-yield savings account, a cash rewards credit card, an online checking account, and one of the best cash back rewards credit cards available on the market today. With IRAs, Money Markets, and even an online discount broker, Ally Bank has transformed from a now-defunct mortgage lender (GMAC) into a one-stop shop for just about any quality deposit account.

12 Month CD vs High Yield Savings Account

When you look at the interest rates on this page, you may be asking “Why not just keep my money in an online savings account?” High yield savings accounts have almost identical interest rates as 12-month CD rates. Is there a benefit to locking your money away for one year vs. earning the same interest in a liquid account?

The primary benefit of the one-year CD is in fact, locking your money away. Interest rates are not guaranteed with an online savings account. The money you have saved can be earning 1.30% APY today, and 1.15% APY tomorrow. Locking in a rate means for one full year, you know exactly what you’re getting. For the same reason I pre-pay for my heating oil every year, I also tuck away money in CDs.

Editor’s Note: Make sure to check your local banks for the best 12-month CD rates as well. Sometimes the national brands can’t match what your bank down the street can provide.

Author

  • Rob Berger

    Rob Berger is the founder of Dough Roller and the Dough Roller Money Podcast. A former securities law attorney and Forbes deputy editor, Rob is the author of the book Retire Before Mom and Dad. He educates independent investors on his YouTube channel and at RobBerger.com.