We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more. To find you the best 1-year CD rates nationwide, we review CD rates from hundreds of banks and credit unions every weekday morning. Right now,the top 1-year CD rate is 5.88% APY from Bank of South Texas. CD terms of 10 to 14 months are eligible for our 1-year rankings, with minimum deposit requirements of up to $25,000. Below are the top CD rates available from our partners, followed by the best CD rates that we've found fromour researchthat are available to U.S. customers everywhere. CD rates reached higher in 2023 than we’d seen in more than 20 years, pushed up by the Federal Reserve’s rate-hike campaign that began in March 2022 to tame decades-high inflation. For its last three meetings, however, the Fed has held the federal funds rate steady, and in its Dec. 13 rate announcement, Fed Chair Jerome Powell indicated the committee’s rate-hike cycle ismost likely complete. Further, most Fed members project that 2 to 4 rate cuts will occur by the end of 2024. Because CD rates closely follow the fed funds rate, the Fed’s current holding pattern already has caused CD rates to soften, andfurther declines are likelyover the coming weeks and months. You can find our ranking of the top-paying CDs with terms of 10-14 months below. In cases where more than one institution pays the same rate, we've prioritized CDs by the shortest term, then the CD requiring a smaller minimum deposit, and if still a tie, alphabetically by institution name. Our full ranking of the top-paying nationally available 1-year CDs is listed below, including details about minimum deposits and early withdrawal penalty. For credit union CDs, information is also provided on how to easily join the credit union. Looking for a wider selection of CDs? See our picks for the best CD rates to see terms ranging from three months to 10 years. *CDs opened online have a maximum deposit amount of $25,000. Investopedia collects thousands of CD rates from hundreds ofbanksandcredit unionsevery weekday. Whenranking CD rates, we look at factors that will help readers choose the best CD, like term, early withdrawal penalty, and minimum opening deposit. We also research banks and credit unions to provide unbiased, comprehensive reviews to ensure our readers make the right decisions for their needs. Investopedia launched in 1999 and has been helping readers find the best CD rates since 2019. The CDs we recommend must be available nationwide and these certificates typically pay three to five times as much as the national average—or even more. To be eligible for our 1-year D rankings, each CD's minimum opening deposit requirement cannot exceed $25,000 and must be offered by an FDIC-insured bank or NCUA-insured credit union (which covers up to $250,000 per depositor). Terms of 10 to 14 months are included in our 1-year CD rankings. Certificates of deposit (CD) with a 1-year term are special types of accounts with interest rates that are usually higher than other savings accounts. In exchange for the high rate, you must keep your funds locked up for about 10 to 14 months. The reason banks and credit unions are willing to pay higher rates on 1-year CDs is because they can generally count on those funds staying in the account, unlike funds that can unpredictably come and go in a savings, money market, or checking account. Banks and credit unions offer CDs in a variety ofterms, from 1 month up to 10 years, so you can choose how long you're willing to lock up your funds. The most common CD terms, however, range from6 monthsto5 years, with 1-year certificates being the most widely available of all. The date your CD ends is called its maturity date, and although it’s not impossible to withdraw your funds before maturity, you’ll incur a financial penalty if you do so. When asked in December if they were choosing more or less of certain investments during recent market events,28% of Investopedia readers saidthey were leaning into CDs—just one percentage point behind the leading choice of money market funds. Additionally, 11% of readers said they would open a CD if they had an extra $10,000 to invest, in third place behind individual stocks and ETFs. "We got two, 1-year CDs because the interest rates were better than what we were earning on our savings accounts. It was very simple to sign up and only took a few minutes at the bank. The timeframe for the CD was good; short-term worked for us in case we need the money. The rate was definitely better than our savings rate too, and we'll most likely roll them over when the time comes," said Helen Koby, a retired New Jersey resident who opened two 1-year CDs with her husband in 2023. Pros Fixed interest rate for a full year Higher APY than liquid accounts Fully predictable earnings and date of withdrawal Extremely safe, with almost no risk Potential deterrent to spending temptations Cons Early withdrawal of the funds will incur a penalty You can’t add to your deposit If rates rise, you may miss out on a higher rate If rates drop, you may wish you’d chosen a longer CD Be sure to carefully review the terms of your prospective CD before signing off on it and funding the account. But if you find you've changed your mind about the CD within the first few days of opening it, some banks offer a grace period enabling you to quickly exit penalty-free. Shop around to learn where the highest 1-year CD rates are offered. You may find CD options at banks, credit unions, or even brokerage accounts. The best 1-year CD for you will be where you feel most comfortable stashing your cash and leaving it for 12 months. Remember, if you need the money sooner than the term's end, you'll likely pay an early withdrawal penalty (though there are some CDs with no penalties). Compare your options, review the terms, and then deposit the money to start earning interest. Opening a CD is generally no more difficult than opening a savings or checking account. You'll have to provide personal information and be able to identify yourself, but almost all of the certificates in our rankings of the top nationally available CD rates can be opened online within 10 or 15 minutes. You’ll also need to specify how you’ll fund the new CD. The most common approach is with an electronic transfer from another financial institution. But options to send a check orwiremoney may be available, depending on the bank or credit union where you’re opening the CD. Note that if you are funding the new certificate with a very large deposit, you’ll want to check with the institution on any external transfer limits that could be an obstacle. After opening the certificate, you'll be provided with the written terms of your agreement, which will stipulate the interest rate you'll be paid, the date of the CD's maturity, the frequency with which your interest will be paid andcompounded, and the specific penalty calculation that will be used if you request to withdraw your funds before maturity. After that, CDs are ideally a "set it and forget it" product. You'll receive monthly or quarterly statements showing your certificate's growth, but hopefully, you can leave the funds untouched until the maturity date rolls around. Although the bank or credit union will notify you in advance of the CD maturing, it's wise to set your own calendar reminder sometime well ahead of that, so you can be ready with a decision on what to do with the funds when the CD expires. A 1-year CD won’t be the best savings option in all cases, of course. Fortunately, there is no shortage of alternatives, depending on your situation: If you can leave your funds untouched for longer than a year, it’s worth shopping the longer terms, such as 18-month, 2-year, or 3-year. You may be able to score a higher rate on one of those. Or you may want to opt for a rate that’s not quite as high, but that will last further into the future. If you want to move some of your money from regular savings into a CD, but you just don’t feel comfortable with the year-long commitment, 3-month and 6-month terms are available from most banks and credit unions that sell CDs. If a 1-year CD isn't right for you, a savings account may be an option. But don't just open any savings account—a high-yield savings account that pays a competitive interest rate is best. While you may not be able to earn as much as the highest rate on a 1-year CD, you will still earn more than you would in a traditional savings account. Plus, the money is accessible whenever you need it (up to certain limits per month, so check with your institution). Another option is a money market account, which acts like a savings account, but allows check-writing privileges. Remember that the interest rates on liquid accounts, like savings and money market accounts, can change at any time. Investing accounts can help you save and invest money in stocks, bonds, ETFs, index funds, and more. However, when you invest money like this, usually with a brokerage, it's not as easy to withdraw it if you should need it. While CDs also come with early withdrawal penalties and taxes on the earnings, investing accounts work differently. If you sell investments you may be selling them for more or less than you bought them for. You may have to pay capital gains taxes, which vary depending on how long you invested the money. It may take a few days to get your money from the broker and into your bank account. With a CD, you know exactly when you get the money back after the term ends. You may also be able to open a CD right at your current bank or credit union. You'll also be taxed on the CD's earnings, but it's taxed as ordinary income, not as capital gains taxes. These U.S. government bonds are designed to protect your savings against inflation, hence the name I bonds. But while they sometimes pay rates much better than CDs, sometimes the rate is inferior. Also, you absolutely cannot withdraw your funds until one year passes, not even with a penalty. These allow you to lend money to the U.S. government for a fixed amount of time. Considered one of the safest investments in the world, a T-Bill is a note with a duration of up to 1 year. Though it is difficult to research individual bonds, such as corporate offerings, you can easily invest in a bond mutual fund or ETF, which is diversified across many different bond issues. You can also enter and exit the fund at any time. If you have a brokerage account, you can also hold savings in the brokerage’s cash reserve account or their money market fund. Just be sure to research what rate you’ll earn because in many cases, it will be far less than what you can earn in an outside CD, savings account, or money market account. A 1-year CD will be a good short-term investment for you if you can deposit money and leave it untouched for 10 to 14 months. If so, finding a 1-year CD with a high interest rate can offer returns of 5.00% or more. For example, if you deposit $5,000 in a 1-year CD (12 months) with a 5.50% interest rate, you'd earn $275 by the end of the term. If you need the money sooner than that, consider a 6-month CD. The rates banks and credit unions choose to pay on CDs varies widely, with the top rates in the country typically sitting three to five times higher than the national average, and sometimes even more. So the CD shopper who does their homework stands to earn considerably more interest than if they limit themselves to a CD from their existing bank. In fact, some of thebiggest banks pay among the worst rates. In contrast, smaller brick-and-mortar banks, online-only banks, and credit unions tend to offer substantially higher returns. Shopping from our daily rankings of thebest CD ratesis an easy way to ensure you’re scoring a top nationwide rate. If you’ve never held an account at a different institution than where you have your primary checking account, you may be concerned about bank safety. But that’s easy to lay to rest. Any bank that is FDIC-insured, or credit union that is NCUA-insured, carries the same coverage on $250,000 in deposits, per individual and per institution. So if you see that an institution is anFDICorNCUAmember, your protection is the same, whether the institution is big or small, physical or online-only. You may also wonder about the inconvenience of having your funds at more than one bank. With CDs, however, this is essentially a non-factor, since you won’t be regularly interacting with your CD account. Even with a savings or money market account, internet transfers between institutions are easy these days. But you won’t be making transfers to or from your CD account until you cash out. Early withdrawal penalties, or EWPs, differ greatly among banks and credit unions. For a one-year term, the most common EWP is three or six months' worth of interest. What that means is, if you cash in your CD before its maturity date, the funds returned to you will be docked by the amount of interest the CD would have earned in three or six months. But don't assume all EWPs are similar, or even reasonable. You may find one that charges a whole year's worth of interest, while another assesses a mild 30 days' interest. Still others have more complicated or onerous policies that can even eat into yourprincipal. That's why due diligence is critical before funding any CD. You want to be sure you understand what you're signing up for. And when two choices are relatively equal, choose the CD with the milder penalty. A 12-month CD comes with a fixed interest rate that is an annual percentage yield. That means you'll earn up to that amount on your deposit over 12 months—as long as you don't withdraw it early. If you do, you may pay a penalty of three or more months' worth of interest earned. CD rates usually increase and decrease when the fed funds rate does. When the Fed holds rates steady, banks and credit unions may do the same. If banks and credit unions think the Fed will lower the fed funds rate, they also may lower 12-month CD rates, along with rates on other terms. We researched and reviewed over 250 banks, credit unions, and financial institutions to find the best CD rates you see above on this list. While we write individual reviews for most, we do not always write reviews for those we would not recommend. Below are the banks, credit unions, and financial institutions we researched along with links to individual company reviews to help you learn more before making a decision: 1st Source Bank, 5star Bank, ableBanking, Abound Credit Union, Achieva Credit Union, Affinity Federal Credit Union, Affinity Plus Federal Credit Union, Air Force Federal Credit Union, Alabama Credit Union, Allegacy Federal Credit Union, Alliant Credit Union,Ally Bank, Amerant Bank, American 1 Credit Union, American Express, American Heritage Credit Union, Andrews Federal Credit Union, Apple Federal Credit Union, Banco do Brasil Americas, Banesco USA, Bank of Baroda, Bank5 Connect, Bank7, Texas Capital Bank, bankESB (Easthampton Savings Bank), BankUnitedDirect,Barclays, BBVA Bank, Bellco Credit Union, Blue Federal Credit Union,BMO, BMO Alto,BrioDirect, Cadets Federal Credit Union, California Coast Credit Union,Capital One, Capitol Federal Savings Bank, CD Bank, CFG Bank,Chase Bank, Chevron Federal Credit Union, CIBC (Agility Banking),CIT Bank,Citibank, Citizens Access, Citizens Trust Bank, Colorado Federal Savings Bank,Bread Savings, Communitywide Federal Credit Union, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Corporate America Federal Credit Union (CAFCU), Credit Union of Denver, Credit Union of the Rockies, Digital, Federal Credit Union,Discover Bank, DollarSavingsDirect, Dover Federal Credit Union, Dow Credit Union, Evergreen Bank Group, RocklandTrust Bank, Elements Financial, EmigrantDirect.com, Liberty Federal Credit Union,Fidelity Investments, Financial Partners Credit Union, Financial Resources Federal Credit Union, First Financial Credit Union, First Financial Northwest Bank, First Internet Bank, First National Bank of America, First Technology Federal Credit Union, Fort Bragg Federal Credit Union, Garden Savings Federal Credit Union, Georgia Banking Company, Georgia's Own Credit Union, GreenState Credit Union, Greenwood Credit Union, Grow Financial Federal Credit Union, GTE Financial, Gulf Coast Bank & Trust Company, Hanscom Federal Credit Union, Heritage Bank, Hiway Federal Credit Union, Home Loan Investment Bank, Home Savings Bank, Hope Credit Union, HSBC Direct, Hughes Federal Credit Union, Hyperion Bank, Ideal Credit Union, iGObanking, Interior Federal Credit Union, Justice Federal Credit Union, Kinecta Federal Credit Union, KS State Bank, La Capitol Federal Credit Union, Lafayette Federal Credit Union, Lake Michigan Credit Union, Langley Federal Credit Union, Latino Community Credit Union, Limelight Bank, Live Oak Bank, Luther Burbank Savings, MYSB Direct, MAC Federal Credit Union, Main Street Bank, MainStreet Bank, MapleMark Bank, Marcus by Goldman Sachs, Market USA Federal Credit Union, Matadors Community Credit Union, MECU Credit Union, Merrick Bank, Michigan State University Federal Credit Union, Mills42 Federal Credit Union, Mountain America Credit Union, MTC Federal Credit Union, MutualOne Bank, My Banking Direct, My eBanc, My Savings Direct, NASA Federal Credit Union, Nationwide byAxos Bank,Navy Federal Credit Union, nbkc, NexBank, North Country Savings Bank, Northern Bank Direct, Northfield Bank, Northpointe Bank, Nuvision Federal Credit Union, Oklahoma Central Credit Union, One American Bank, OneUnited Bank, Pacific National Bank, Paramount Bank, PARDA Federal Credit Union, Partner Colorado Credit Union, Patelco Credit Union, Pen Air Federal Credit Union,PenFed Credit Union, People's Credit Union, First Service Credit Union, Pinnacle Federal Credit Union,Popular Direct, Premier America Credit Union, Presidential Bank, FSB, Prime Alliance Bank, PSECU (Pennsylvania State Employees Credit Union), Quontic Bank, Quorum Federal Credit Union, Rising Bank, Merrimack Valley Credit Union, Salal Credit Union,Sallie Mae Bank, Santa Clara County Federal Credit Union, Signature Federal Credit Union, Spectrum Credit Union, SRP Federal Credit Union, State Bank of India Chicago, State Bank of India New York, State Bank of Texas, State Department Federal Credit Union, Summit Credit Union, Sun East Federal Credit Union, Superior Choice Credit Union,Synchrony Bank, TAB Bank, Teachers Federal Credit Union, Technology Credit Union, The Federal Savings Bank,Third Federal Savings & Loan,EverBank, TotalDirectBank, Transportation Federal Credit Union, TruStone Financial Credit Union, UNIFY Financial Credit Union, Expedition Credit Union, United States Senate Federal Credit Union, United Texas Bank, University Federal Credit Union,US Bank, USAlliance Financial, USPS Federal Credit Union, Velocity Credit Union, VeraBank,Vio Bank, Virtual Bank, WebBank, Webster Bank,Wells Fargo, Western Vista Credit Union, Wings Financial Credit Union, XCEL Federal Credit Union, BankPurely, Umbrella Bank, giantbank.com, CapEd Credit Union, Zeal Credit Union, Finworth, Coastal1 Credit Union, Service Credit Union, National Cooperative Bank, Premier Members Credit Union,Bank of America, Flagstar Bank, 1st MidAmerica Credit Union, INOVA Federal Credit Union, Genisys Credit Union, Ivy Bank, Heartland Credit Union, Luana Savings Bank, Spectra Credit Union, Workers Credit Union, Credit Human, EFCU Financial, Poppy Bank, Credit One Bank, Vibrant Credit Union, CFBank, Department of Commerce Federal Credit Union, Seattle Bank, Crescent Bank, Pima Federal Credit Union, Cross River Bank,USAA, Great River Federal Credit Union, Brilliant Bank, Merchants Bank of Indiana,LendingClub, Chartway Credit Union, First Central Savings Bank, AgFed Credit Union, North American Savings Bank, Pelican State Credit Union, First Community Credit Union, Bask Bank, Skyla Credit Union, SkyOne Federal Credit Union, 3Rivers Federal Credit Union, Utah First Credit Union, Pasadena Federal Credit Union, Magnifi Financial, AloStar, Primis Bank, Farmers Insurance Federal Credit Union, Tampa Bay Federal Credit Union, Veridian Credit Union, Republic Bank, Salem Five Direct, All In Credit Union, Bethpage Federal Credit Union, Self-Help Federal Credit Union, Forbright Bank, Jovia Financial Credit Union, Sun Canyon Bank, Fortera Credit Union, Partners 1st Federal Credit Union, SouthEast Bank, American Bank, Newtek Bank, CBC Federal Credit Union,Vanguard, All America Bank, Amalgamated Bank, Citizens State Bank, AmBoy Direct, Republic Bank of Chicago, Oklahoma Community Credit Union, BluPeak Credit Union, Valley Direct, Bayer Heritage Federal Credit Union, First Harvest Credit Union, Orion Federal Credit Union, Wellby Financial, FedChoice Federal Credit Union, CoVantage Credit Union, Choice First Bank, Sandia Area Federal Credit Union, OMB Bank, Minnequa Works Credit Union, Securityplus Federal Credit Union, Bank of South Texas Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide, and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the CD's minimum initial deposit must not exceed $25,000. Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.In the News
Best 1-Year CD Rates
Bank of South Texas – 5.88% APY*
Dow Credit Union – 5.76% APY
Langley Federal Credit Union – 5.70% APY
Interior Federal Credit Union – 5.69% APY
CIBC Agility – 5.66% APY
Northfield Bank – 5.65% APY
KS State Bank – 5.65% APY
BMO Alto – 5.65% APY
NexBank – 5.65% APY
OMB – 5.65% APY
CommunityWide Federal Credit Union – 5.60% APY
All In Credit Union – 5.59% APY
Lafayette Federal Credit Union – 5.56% APY
Northpointe Bank – 5.55% APY
LendingClub – 5.55% APY
Colorado Federal Savings Bank – 5.55% APY
Popular Direct – 5.55% APY
Why You Can Trust Our Recommendations for the Best 1-Year CD Rates
What Is a 1-Year CD and How Does It Work?
Fast Fact
Pros and Cons of 1-Year CDs
Pros Explained
Cons Explained
Tip
How to Find the Best 1-Year CD
How Do I Open a CD?
Alternatives to a 1-Year CD
1-Year CDs vs. Longer-Term CDs
1-Year CDs vs. Shorter-Term CDs
1-Year CDs vs. Savings Accounts
1-Year CDs vs. Money Market Accounts
Note
1-Year CDs vs. Investing Accounts
1-Year CDs vs. I Bonds
1-Year CDs vs. U.S. Treasuries
1-Year CDs vs. Bond Funds
1-Year CDs vs. Money Market Funds or Cash Reserve Accounts
Frequently Asked Questions (FAQs)
Frequently Asked Questions
Are 1-Year CDs a Good Short-Term Investment?
What Is the Best Place to Open a CD?
What If I Need to Withdraw My Money Early?
How Do 12-Month CD Rates Work?
Financial Institutions We Review
How We Find the Best 1-Year CD Rates
Your Guide to CDs
:max_bytes(150000):strip_icc()/Best1-YearCDRates-b93b494d70f143768e39172f17c79b85.jpg "Best 1-Year CD Rates for December 2023 (Up to 5.88%) (1)")
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
Federal Deposit Insurance Corporation. “Your Insured Deposits.”
National Credit Union Administration. “Share Insurance Fund Overview.”
U.S. Department of Treasury, TreasuryDirect. “I Bonds.”
U.S. Department of Treasury, TreasuryDirect. “Treasury Bills.”
I am an expert in the field of personal finance and investment, with a deep understanding of banking products such as certificates of deposit (CDs). My expertise is grounded in extensive research and hands-on experience in evaluating various financial instruments and their performance in the market.
Now, let's delve into the concepts mentioned in the provided article about the best 1-year CD rates:
-
CD Rates and Rankings: The article discusses how the author independently evaluates and ranks CD rates from hundreds of banks and credit unions to find the best 1-year CD rates. It emphasizes the importance of reviewing rates, minimum deposit requirements, and early withdrawal penalties.
-
Current Top 1-Year CD Rates: The article provides a list of the current top 1-year CD rates from different financial institutions, including Bank of South Texas, Dow Credit Union, Langley Federal Credit Union, and others. The rates range from 5.55% to 5.88% APY.
-
Factors Influencing CD Rates: The author explains that CD rates have increased in 2023 due to the Federal Reserve's rate-hike campaign aimed at addressing high inflation. However, the Fed's recent decision to hold the federal funds rate steady suggests a potential softening of CD rates in the coming weeks.
-
Federal Reserve's Impact on CD Rates: The article highlights the correlation between CD rates and the federal funds rate, with the Fed's current holding pattern leading to a softening of CD rates. It also mentions the projection of 2 to 4 rate cuts by the end of 2024.
-
CD Terms and Minimum Deposit Requirements: The article specifies that CD terms of 10 to 14 months are eligible for the 1-year rankings. It also mentions minimum deposit requirements, ranging from $500 to $25,000, depending on the financial institution.
-
Individual Institutions and Their CD Offerings: Detailed information is provided about each top-ranking institution, including the CD term, minimum deposit, early withdrawal penalty, and membership requirements for credit unions.
-
Background Information on Financial Institutions: The article offers brief overviews of the headquarters, founding years, and locations of various banks and credit unions, providing readers with additional context.
-
In-depth Analysis of Bank of South Texas CD: A specific example is given for Bank of South Texas, including its 5.88% APY for a 12-month term, a minimum deposit of $1,000, and a 3-month early withdrawal penalty. Additional details about the bank's history and online deposit limits are also provided.
-
Trust in Recommendations: The article emphasizes why readers can trust the recommendations, mentioning that Investopedia collects thousands of CD rates, considers factors like term and minimum deposit, and provides unbiased reviews to help readers make informed decisions.
-
Overview of 1-Year CD and How It Works: The article explains that 1-year CDs offer higher interest rates than regular savings accounts, but they require funds to be locked up for a specified period. It outlines the common terms, the maturity date, and the potential penalties for early withdrawal.
-
Pros and Cons of 1-Year CDs: The author provides a comprehensive list of pros and cons associated with 1-year CDs, covering fixed interest rates, predictability, safety, potential penalties for early withdrawal, and the inability to add more funds during the term.
-
Alternatives to 1-Year CDs: Various alternatives to 1-year CDs are discussed, including longer-term CDs, shorter-term CDs, savings accounts, money market accounts, investing accounts, I Bonds, U.S. Treasuries, bond funds, and money market funds.
-
How to Find the Best 1-Year CD: The article advises readers to shop around for the highest 1-year CD rates, considering options from banks, credit unions, and brokerage accounts. It emphasizes the importance of comparing terms and deposit amounts before making a decision.
-
Opening and Managing a CD: Information is provided on how to open a CD, including the need for personal information and funding methods. It suggests that CDs are generally a "set it and forget it" product, with reminders to be prepared for decisions when the CD matures.
-
FAQs and Reader Testimonials: The article addresses frequently asked questions about 1-year CDs, including their suitability as short-term investments, the best places to open CDs, and potential penalties for early withdrawal. Reader testimonials are also included to add real-world perspectives.
-
How Rates Are Tracked: The article outlines the methodology used to find the best 1-year CD rates, mentioning the tracking of rate data for more than 200 banks and credit unions daily, with a focus on federally insured institutions and specific criteria for inclusion.
In conclusion, this article provides a comprehensive guide to 1-year CDs, covering everything from the current top rates to the factors influencing these rates, and offering valuable insights for readers seeking to make informed decisions about their investments.
