CDs are becoming popular as CD rates are nearing 3.00 percent and might hit 3.00 percent by the end of 2018. 1 year CD rates today are at 2.86 percent, only 0.14 percent from the current level. CD rates might make another move up this month because the Federal Reserve is widely expected to increase rates. A 0.25 percent fed funds rate increase will likely send the best 1 year CD rates over 3.00 percent as banks jockey to have the highest CD rates. You can compare CD rates from banks for many different terms here.