bank rates

1-Year CD Rates Roundup: Earn 1.46% Nationally, 5.00% Locally

piggies in the round

The top nationally available return on 1-year certificates of deposit is currently 1.46% APY, higher than you could have earned at this time last year.

Better yet, you can earn up to 2.00% APY from credit unions and community banks (and for one lucky group of savers, an astonishing 5%), and we’ll tell you where to find those local deals.

The top national yields

In early 2014, the leading 1-year rate on our CD Rates Leaderboard of nationally available bank certificates was still at its post-recession low of 1.05% APY.

Since then, the top rate has moved upward in a faltering pattern, but we’re finally starting to see some steady gains.


You can take home 1.46% APY from State Bank of India in Chicago. That’s with a minimum deposit of $2,500. At State Bank of India in New York, you can earn 1.41% APY on a 1-year CD.

In addition to those two banks, 11 other banks are offering up to 1.40% APY.

Of course, new offers can be unveiled at any time, so to get the latest read of the top CD rates, search Bankrate’s daily database.

Top National 1-Year CD Rates

Bank Yield Minimum Deposit
State Bank of India – Chicago 1.46% $2,500
State Bank of India – New York 1.41% $5,000
Live Oak Bank 1.40% $2,500
Sallie Mae Bank 1.40% $2,500
BAC Florida Bank 1.40% $1,500
Synchrony Bank 1.35% $2,000
Colorado Federal Savings Bank 1.35% $5,000
Amboy Direct 1.35% $10,000
CIT Bank 1.32% $1,000
Capital One 360  1.30% $1,000
Ally Bank 1.30% $No minimum
Popular Direct 1.30% $10,000
GS Bank 1.30% $500


How to earn more with local deals

We track more than nationally available returns here.

That’s because the very best CD rates often come from community banks and credit unions that only accept savers who live or work nearby or are willing to jump through a hoop to become a member.

In the 12-month term, we’re aware of the six local offers below that outearn the leading nationally available 1.46% APY.

Top Local 1-Year CDs

Bank State APY Min Deposit
Leaders Credit Union Tennessee 5.00% $500
Financial Health Federal Credit Union Indiana 2.00% $500
Peoples Transport Federal Credit Union New Jersey 1.94% $500
North Platte Union Pacific Employees Credit Union Nebraska 1.51% $10,000
F&A Federal Credit Union California 1.46% $1,000


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