12 Month CD Rates: PenFed Tops Our 1 Year CD Rates List at 1.16% APY

Pentagon Federal Credit Union (PenFed) recently increased the rate they are paying on their 12 month share certificate (certificate of deposit). The old share rate (CD rate) was under 1.00%, the new rate is 1.15% with an APY of 1.16%. PenFed's 1 year rate tops our list of the best national CD rates.




You can search and compare the highest CD rates at banks and credit unions in your area by searching our CD rates table here: monitorbankrates.com.

The second highest 12 month CD rate on our list is from Discover Bank. The bank is offering 1 year bank CD rates at 1.04% with an APY of 1.05%. Both PenFed's rate and Discover's rate is well above the national average 12 month rate of 0.401% as reported by MonitorBankRates.com.

Two banks are tied with the third best 12 month rate on our list. First Internet Bank of IN and AIG Bank are both offering 12 month CD rates at 0.95% with an APY of 0.95%.

Union National Bank has the fourth highest CD rate on our list. The bank is offering 12 month CD rates at 0. 93% with an APY of 0.93%. Both AIG Bank and Union National Bank's rate is more than double the current national average.

Rounding out the top 5 CD rates at banks and credit union is E-loan.com. The online bank is offering 1 year rates at 0.92% with an APY of 0.92%.