Best 1 Year CD Rates April 5, 2017

CD rates continue to move higher this week. We look for the trend of higher CD rates to continue in 2017 as long as there isn't a recession. The Fed is expected to increase the federal funds rate at least two more times this year, which will put more upward pressure on CD rates.

This week, the best 1 year CD rate in the database is now at 1.49 percent with an APY of 1.50 percent. A couple of weeks ago, the top 1 year CD rate was 5 basis points less.

The current national average 1 year CD rate also moved higher this week over last. The current national average 1 year CD rate is at 1.26 percent, up from last week's average of 1.30 percent.

Listed below is top ten 1 year CD rates currently available.

Top Ten 1 Year CD Rates

1. Connexus Credit Union 1.49% APY 1.50%
2. VirtualBank 1.45% APY 1.46%
3. Banesco USA 1.45% APY 1.45%
4. PurePoint Financial 1.39% APY 1.40% (Tied for 4th place)
5. Live Oak Bank (Tied for 4th place)
6. My e-BAnC by BAC Florida Bank (Tied for 4th place)
7. CD Bank 1.36% APY 1.36%
8. M.Y. Safra Bank, FSB 1.35% APY 1.36%  (Tied for 6th place)
9. TAB Bank 1.35% APY 1.36%  (Tied for 6th place)
10. Synchrony Bank 1.34% APY 1.35% (Tied for 7th place)
11. AloStar Bank of Commerce 1.34% APY 1.35% (Tied for 7th place)
12. Home Savings Bank 1.34% APY 1.35% (Tied for 7th place)
13. First Internet Bank of Indiana 1.32% APY 1.33%
14. CIT Bank 1.31% APY 1.32%
15. PenFed 1.30% APY 1.31%

You can view a list of CD rates for all CD terms at MonitorBankRates.com.