Best CD Rates 1 Year Bank CD Rates

Right now on our list of the best CD rates on 1 year certificates of deposit CIT Bank and Doral Bank top our list. CIT Bank CD rates and Doral Bank's CD rates on 1 year certificates of deposit are currently at 1.14% with a yield of 1.15%. Both bank CD rates are considerably higher than current national average 12 month CD interest rate of 0.429% as reported by MonitorBankRates.com.

Search and compare the highest CD rates in your area by searching our CD rates table here: Highest CD rates.

The second best CD rate on our list of 12 month bank CD rates is from Sallie Mae Bank. The bank is offering 12 month CD interest rates at 1.09% with CD interest yields at 1.10%.

The third highest CD rate on our list of 12 month CD rates is from Discover Bank. 1 year Discover Bank CD rates are at 1.04% with a yield of 1.05%. Discover Bank CD rates are also more than double MBR's current national average.  

Many different banks are offering the fourth highest CD rate on our list which is at 1.00%. AIG Bank, First Internet Bank of IN, E-LOAN.com and Hudson City Savings Bank are all offering 1 year rates and yields at 1.00%.

Rounding out the top CD rates on 1 year CDs is PenFed Credit Union. PenFed is offering 1 year share rates at 0.99% with a yield of 0.99%.

Use our free CD calculator to figure out how much interest you will earn on your CD investments.