12 month CD rates are averaging less than 1.00 percent as of this morning. The average CD rate is currently at 0.997 percent. You can find CD rates higher than the national average rate. Right now Bay Ridge Federal Credit Union (BRFCU) is offering a 12 month certificate of deposit that currently has a CD rate of 1.73 percent and an APY of 1.75 percent.

CD Rate Table Tool: Best  CD Rates in Your Area

BRFCU also has a bonus CD rate of 1.98 percent with an APY of 2.00 percent for balances of $20,000 or more. You’ll have to join the credit union to open a CD account. Here is a list of the top 12 month certificate of deposit yields that beat the national average rate  in Newark, NJ, Tampa, FL, Pleasanton, CA, Reston,VA, Miami,  FL, Orlando, FL, Philadelphia, PA, Pittsburgh, PA, Boston, MA and Richardson, TX.

Top 12 Month CD Rates

Newark, New Jersey:

1. Bay Ridge Federal Credit Union 1.75% APY Min $500
2. UFB Direct 1.71% APY Min $8000
3. Tennessee Commerce Bank 1.70% APY Min $2500
4. Discover Bank 1.70% APY Min $2500
5. Ally Bank 1.64% APY Min $1

Pleasanton, California:

1. First Federal Bank of California 1.75% APY Min $10,000
2. UFB Direct 1.71% APY Min $8000
3. Tennessee Commerce Bank 1.70% APY Min $2500
4. Discover Bank 1.70% APY Min $2500
5. Ally Bank 1.64% APY Min $1

The following cities all have the same top 5 CD rates. Tampa, Florida, Miami, Florida, Orlando, Florida, Reston, Virginia, Philadelphia, Pennsylvania, Pittsburgh, Pennsylvania, Boston Massachusetts and Richardson, Texas:

1. UFB Direct 1.71% APY Min $8000
2. Tennessee Commerce Bank 1.70% APY Min $2500
3. Discover Bank 1.70% APY Min $2500
4. Ally Bank 1.64% APY Min $1
5. Giantbank.com 1.61% APY Min $2500

You can find the highest bank CD rates in your area by searching our CD tables: Bank CD Rates