12 month CD Rates

12 month CDs (Certificates of Deposit)

(The interest rates listed in our database above are updated daily)

A 1 year CD is the most popular FDIC insured deposit product. The length of the term, 12 months, is low enough that it keeps your funds in a relatively accessible state. Historically, these instruments have provided far more lucrative rates than they do currently, however they are still fundamental corner stones of healthy portfolios. A portion of every individual’s net worth remains in cash, and it’s the cash that is not needed in the immediate future for expenses that should take advantage of these products. Because cash left in a non-interest-bearing-account simply depreciates with inflation, a 1 year bank CD is a healthy option to hedge against the loss of your dollar’s buying power.

Comparing 12 month CD rates – When you’ve decided that you’d like to invest in a 1 year CD, you have a few routes to take. You can stick with your current bank and take whatever 12 month CD rates they are providing or you can do some comparison shopping on the web for the highest yields. If you currently bank with a small local bank or credit union, check out their rates first as these smaller institutions can sometimes provide CD rates that are higher than the current national averages. However, if you bank with a large institutions, such as Bank of America, Chase, CitiBank, Wells Fargo or the like, you will certainly NOT get a decent 12 month CD rate. In our 12 month CD rate search engine above, we collect the rates of hundreds of banks from around the country (including the large national ones) so that we can display the top APY’s for consumers who are in the market for these products. The top 12 month CD rate from our database today will always beat the national average by a significant margin. All the institutions listed in our database above are member FDIC, therefor you 12 month deposits will be federally insured up to $250,000.