1 Year CD Rates

written by Ken Tumin

Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). Banks and credit unions are battling it out for deposits, so they offer savers plenty of different CD maturities at very competitive yields.

We track daily rates from thousands of institutions to help you compare the best 1-year CD rates and find the best deal on your next CD. For the 1-year category, we include CD maturities from ten to 14 months. Banks and credit unions sometimes offer their highest rates on CD Specials with non-standard terms.

To demonstrate rate trends over time, we track the rate history of the average 1-year CDs from all banks and credit unions. In addition, we track the rate history of the average 1-year CDs from online banks.

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Include credit unions with membership based on any industries that you or immediate family members currently or have previously worked in:

205 Results

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205 Results

Nationwide Only
Expedition Credit Union12 Month CD Special - New Money1 Review
5.40%
MIN TO
EARN
MIN TO EARN:$2.5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,350
NexBank12 Month Promotional Online CD - New Money4 Reviews
5.40%
MIN TO
EARN
MIN TO EARN:$25k

MAX
MAX:$100k
EST.
EARN 🛈
EST. EARN:$1,350
CIBC Bank USA13 Month Agility CD - Online Only15 Reviews
5.36%*
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:$5m
EST.
EARN 🛈
EST. EARN:$1,457
Rising Bank1 Year Term CD18 Reviews
5.31%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:$1m
EST.
EARN 🛈
EST. EARN:$1,327
5.31%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:$500k
EST.
EARN 🛈
EST. EARN:$1,327
5.31%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,327
5.30%
MIN TO
EARN
MIN TO EARN:$5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,325
5.30%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,325
Home Savings Bank12 Month Internet Only CD
5.30%
MIN TO
EARN
MIN TO EARN:$5k

MAX
MAX:$250k
EST.
EARN 🛈
EST. EARN:$1,325
Fort Liberty FCU12 Month Jumbo Term Share Certificate5 Reviews
5.30%
MIN TO
EARN
MIN TO EARN:$25k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,325
My eBanc12 Month Online Time Deposit20 Reviews
5.30%
MIN TO
EARN
MIN TO EARN:$5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,325
First Central Savings Bank11 Month eCD (Online Only)1 Review
5.30%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,213
Northpointe Bank11 Month CD Special - New Money45 Reviews
5.30%
MIN TO
EARN
MIN TO EARN:$25k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,213
Sun East FCU11 Month High Yield CD Special - New Money15 Reviews
5.30%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,213
Dow Credit Union13 Month Simple CD Special4 Reviews
5.25%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,427
5.25%
MIN TO
EARN
MIN TO EARN:$1.5k

MAX
MAX:$1m
EST.
EARN 🛈
EST. EARN:$1,312
5.25%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,312
5.25%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,312
5.25%
MIN TO
EARN
MIN TO EARN:$2k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,312
Forbright Bank12 Month Online CD6 Reviews
5.25%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,312
MapleMark Bank12 Month CD Special - Online10 Reviews
5.25%
MIN TO
EARN
MIN TO EARN:$25k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,312
Mountain America Credit Union12 Month Certificate Special52 Reviews
5.25%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,312
Farmers Insurance FCU12 Month Flex - Term Share Certificate Special - New Money12 Reviews
5.25%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,312
5.25%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,202
5.25%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,092
5.20%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,300
5.20%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:$500k
EST.
EARN 🛈
EST. EARN:$1,300
M.Y. Safra Bank12 Month MYSB Direct Online CD8 Reviews
5.20%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,300
5.18%
MIN TO
EARN
MIN TO EARN:$2.5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,295
5.17%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,292
5.15%
MIN TO
EARN
MIN TO EARN:$2.5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,288
5.15%*
MIN TO
EARN
MIN TO EARN:$1.5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,288
5.15%
MIN TO
EARN
MIN TO EARN:$2.5k

MAX
MAX:$250k
EST.
EARN 🛈
EST. EARN:$1,288
5.15%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,288
Popular Direct12 Month Popular Direct CD135 Reviews
5.15%
MIN TO
EARN
MIN TO EARN:$10k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,288
5.15%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,288
Communitywide FCU12 Month Share Certificate12 Reviews
5.15%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,288
USALLIANCE Financial12 Month Certificate Special 76 Reviews
5.15%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,288
5.15%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,179
First Flight FCU12 Month Share Certificate1 Review
5.12%*
MIN TO
EARN
MIN TO EARN:$10k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$1,280

Displaying 1-40 of 205 Results



Understanding the 1-year CD rate table

The 1-year CD rates in the table above are listed from the highest Annual Percentage Yield (APY) to the lowest. By clicking on the “details” button on the right side of each row, you can view account details and rate history for that particular CD. If you click on the bank or credit union’s name, you will be taken to our hub for that financial institution. On this page, you can view a map of the branch locations, other product rates, consumer reviews, and many additional details of the institution.


Understanding the DepositAccounts 1-Year Online CD (1YrOCD) Index

The 1-Year Online CD (1YrOCD) Index is intended to provide a representative yield that’s available from today’s 1-year online CDs. The Index is the average yield of ten mature 1-year online CD accounts from well-established online banks. The 1-year online CDs must have at least two years of history with yields that have remained competitive. Promotional accounts are excluded from the Index so that consumers can learn what rates are reasonable to expect from 1-year online CDs. Changes in the 1YrOCD Index over the last two years are tracked and compared to the federal funds target rate.


Recent Changes in the DepositAccounts 1-Year Online CD (1YrOCD) Index

In the first two months of 2024, the average 1-year online CD yield had its largest two-month decline since May-June 2020. The average decreased 17.0 basis points in January and 15.4 basis points in February for a total decline of 32.4 basis points. The average fell from its peak of 5.345% on January 1, 2024 to 5.021% on March 1, 2024. This average is based on the 1YrOCD Index which is the average yield of ten 1-year online CDs from well-established online banks.

In 2023, the 1YrOCD index had been slowly approaching the upper limit of the federal funds rate, but that changed in January 2024 due to rising expectations for Fed rate cuts in 2024. Several online banks responded to these expectations by lowering rates on their CDs.

As can be seen in the 1YrOCD Index chart, online 1-year CD yields have generally followed the federal funds rate. Before August 2022, the upper limit of the federal funds target range had always been below the Index. Starting in August 2022, the upper limit started to exceed the Index, and that has continued into 2024. On March 1, 2024, the upper limit exceeded the Index by 47.9 basis points.

Why 1-year CD rates?

One-year CD rates provide a good benchmark for both rate watchers and issuing financial institutions alike. It’s not exactly a long maturity, especially when compared to 5- and 10-year terms. But it’s also not a short maturity, either, given the popular 3-month terms offered by many banks and credit unions. Call it the Goldilocks account: a 1-year CD gives savers the ability to secure an attractive return on their investment, but without locking up funds for too long, potentially causing them to miss out on better offers down the line.


1-Year CD Rate History – Average APY (%) Rate Trend Over Time

1-year CDs vs. shorter- and longer-term CDs

The 1-year CD is often the shortest CD maturity that offers the best rate advantage over savings accounts. Shorter-term CDs, such as 3-month or 6-month CDs, often have rates less than the rates of top savings accounts.

CDs with terms longer than one year typically have higher rates, but that’s not always the case. In certain environments, top 1-year CD rates can be close to top 5-year CD rates. In these environments, the only reason to choose a longer term is if you think it’s likely that rates will fall in the future.

The 1-year CD can often have a large benefit over longer-term CDs in its early withdrawal penalty. The penalty amount often rises for longer terms, and sometimes can go up substantially for terms just over one year. The smaller early withdrawal penalty can make it much less costly to close the CD and move funds into a higher-rate account if rates rise.

You can eliminate early withdrawal penalties completely by choosing a no-penalty CD. Most no-penalty CDs have terms of one year or close to one year. No-penalty CD rates are typically lower than traditional CD rates of similar maturities, but they are often higher than rates of savings accounts and CDs with maturities of under one year.

If you’re building a CD ladder, the 1-year CD will likely be one of the CDs to start the ladder. Whether the maximum length of your CD ladder is one year, two years or five years, a 1-year CD will be needed to start the ladder.




* The APY (Annual Percentage Yield) shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.