12-Month CD Rates Still Top Out At 1.76%

Online banks and that feisty credit union from Queens have come to dominate our rankings of the top 12-month CD rates.

The closest thing to a traditional bank you’ll find is Ascencia. It’s an online division of PBI Bank, which has 17 branches in central Kentucky.

NewDominion has a couple of offices in the Charlotte, N.C. area, but it’s predominantly an online operation, not a community bank.

None of the other three banks have a brick-and-mortar branch to their name.

But they do offer the best nationally available returns on 1-year certificates of deposit, which are:

1.76% APY with a $5,000 minimum deposit from Melrose Credit Union, which has an unusual open charter that allows all U.S. residents to join for just $1.

1.55% APY with no minimum deposit from Sallie Mae Bank, the online bank owned by the big student loan lender.

1.51% APY with a $3,000 minimum deposit from NewDominion Bank.

1.50% APY with a $500 minimum deposit from Ascencia.

1.50% APY with a $2,500 minimum deposit from Discover Bank, an online bank owned by the credit card company.

1.50% APY with a $250 minimum deposit from H&R Block Bank, an online bank owned by the income tax preparation company.

Compare these returns with the best CD rates from scores of other banks in our extensive database.