If you're worried about bank failures, keep in mind money is safe at a federally insured financial institution.
Our top picks for CDs are protected by FDIC or NCUA insurance. These are our picks for the best 1-year CD rates. To join City Credit Union, you must live, work, worship, or attend school in an eligible county in Texas (Cooke, Grayson, Wise, Denton, Collin, Hunt, Rockwall, Dallas, Tarrant, Parker, Johnson, Ellis, or Kaufman County). The best rate for a 12-month CD is 6.00% APY, available at City Credit Union. Membership at City Credit Union is open to anyone who lives, works, worships, or attends school in an eligible county in Texas (Cooke, Grayson, Wise, Denton, Collin, Hunt, Rockwall, Dallas, Tarrant, Parker, Johnson, Ellis or Kaufman County).
Here are our recommendations for the best 1-year CDs. We check rates daily to find the best rates for 1-year terms.
If you are looking for additional CD options, there are other financial institutions with high 1-year CD rates, too. The best CD rate on a 1-year CD is 6.00% APY from City Credit Union. However, the best online banks pay well over 5% APY on a 1-year CD. The average rate for a 1-year CD in the US is 1.85% APY (Annual Percentage Yield).
