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12 Month CD Rates: Average Rates at 0.72 Percent and Best Rate at 1.10 Percent

Average mortgage rates have moved sharply higher the past week as bond yields moved higher but the same can't be said for average 12 month CD rates. The current average 12 month CD rate is at 0.72 percent, only 1 basis point higher than last week's average of 0.71 percent.

The best CD rates on our 12 month certificates of deposit list haven't changed at 1.09 percent with an APY of 1.10 percent. The two banks offering that 1 year rate and yield are CIT Bank and Bank of Internet USA. As you can see this CD rate is 38 basis points above Bankrate's average 12 month rate. This rate is also well above the FDIC's national average 12 month bank CD rate of 0.27 percent.

Other banks offering 1 year bank CD rates well above the average include Colorado Federal Savings Bank and MetLife Bank. CD rates at these banks are at 1.04 percent with an APY of 1.05 percent. Well above the national average rates.

 Highest 12 month CD Bank Rates

  • CIT Bank CD Bank Rates 1.09% APY 1.10%

  • Bank of Internet USA CD Rates 1.09% APY 1.10%

  • MetLife Bank CD Interest Rates 1.04% APY 1.05%

  • Colorado FSB CD Rates 1.04% APY 1.05%

  • EH National Bank 1.02% APY 1.02%

  • Doral Bank CD Rates 1.01% APY 1.02%

  • AloStar Bank of Commerce Rates 1.00% APY 1.01%

  • Ally Bank CD Rates 1.00% APY 1.01%

  • ableBanking CD Rates 1.00% APY 1.00%

  • Ascencia, a div. of PBI Bank CD Rates 0.95% APY 0.95%

  • Barclays Bank CD Rates 0.90% APY 0.90%

  • Discover Bank CD Rates 0.90% APY 0.90%

All the banks listed on our 12 month certificate of deposit rate list are FDIC insured. In fact, all banks on our list are always FDIC insured. You can search for and compare CD rates at banks for many different types of CD terms on our list of rates below. Find the highset CD rates today.
Author: Jason P. Jones
August 22nd, 2012