13 Best 1-Year CD Rates of June 2026 (Up to 4.10%)
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Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
The best one-year CD rates can help boost some of your short-term savings. These rates tend to be more than double the national average of 1.55% for one-year certificates of deposit.
APY research methodology: Annual percentage yields, meaning the rates of return, are current on this page as of the publication date. Each weekday, we review account rates to make sure we have the most up-to-date APYs.
See the full list at a glance
Summary of best 1-year CD rates
Our list features banks and credit unions that NerdWallet has reviewed with nationally available one-year CD rates. Regular CD rates were considered, not promotional or relationship-based rates.
E*TRADE: 4.10% APY.
Popular Direct: 4.11% APY.
Bask Bank: 4.05% APY.
CIBC U.S.: 4.00% APY.
Newtek Bank: 4.00% APY.
Marcus by Goldman Sachs: 3.90% APY.
Service Credit Union: 4.00% APY.
TAB Bank: 4.00% APY.
Capital One: 3.90% APY.
Live Oak Bank: 4.10% APY.
Bread Savings®: 4.00% APY.
Salem Five Direct: 4.00% APY.
NASA Federal Credit Union: 3.95% APY.
| Bank/institution | NerdWallet rating | Minimum deposit | APY | Learn more |
|---|---|---|---|---|
3.0/5 | $1,000 Member FDIC | APY 4.05% | Learn moreon partner's site at Bask Bank, Member FDIC | |
 E*TRADE Certificate of Deposit Learn moreon partner's site at Morgan Stanley Private Bank, National Association, Member FDIC | 5.0/5 | $0 Member FDIC | APY 4.10% | Learn moreon partner's site at Morgan Stanley Private Bank, National Association, Member FDIC |
5.0/5 | $1,500 Member FDIC | APY 4.00% | Learn moreon partner's site at Bread Savings®, Member FDIC | |
 Service Credit Union Share Certificate Learn moreon partner's site at Service Credit Union, Federally insured by NCUA | 3.6/5 | $500 Federally insured by NCUA | APY 4.00% | Learn moreon partner's site at Service Credit Union, Federally insured by NCUA |
5.0/5 | $500 Member FDIC | APY 3.90% | ||
4.5/5 | $1,000 Member FDIC | APY 4.00% | ||
3.8/5 | $2,500 Member FDIC | APY 4.10% | ||
4.5/5 | $2,500 Member FDIC | APY 4.00% | ||
4.3/5 | $10,000 Member FDIC | APY 4.11% | ||
5.0/5 | $1,000 Federally insured by NCUA | APY 3.95% | ||
5.0/5 | $0 Member FDIC | APY 3.90% | ||
2.6/5 | $1,000 Member FDIC | APY 4.00% | ||
2.7/5 | $10,000 Member FDIC | APY 4.00% |
Learn moreon partner's siteat Bask Bank, Member FDICNerdWallet rating3.0/5Learn moreon partner's siteat Bask Bank, Member FDICMinimum deposit
$1,000
Member FDIC
APY
4.05%
Our Take
Why We Like ItStarted in 1999, Bask Bank is the online-only bank division of Texas Capital Bank. Its one-year CD has a competitive rate and a somewhat low minimum of $1,000. While many banks offer CD terms as long as five years, Bask goes up to only two years.
- Learn moreon partner's siteat Morgan Stanley Private Bank, National Association, Member FDICNerdWallet rating5.0/5Learn moreon partner's siteat Morgan Stanley Private Bank, National Association, Member FDIC
Minimum deposit
$0
Member FDIC
APY
4.10%
Our Take
Why We Like ItE*TRADE, known for its investing platform, also offers bank CDs including a high-yield one-year term. There’s no minimum deposit required. E*TRADE is a division of Morgan Stanley Private Bank.
Learn moreon partner's siteat Bread Savings®, Member FDICNerdWallet rating5.0/5Learn moreon partner's siteat Bread Savings®, Member FDICMinimum deposit
$1,500
Member FDIC
APY
4.00%
Our Take
Why We Like ItBread Savings® offers CDs with a somewhat high minimum of $1,500. Despite its unusual name, the online bank has a solid lineup of high-yield CDs. The range of terms is from three months to five years.
- Learn moreon partner's siteat Service Credit Union, Federally insured by NCUANerdWallet rating3.6/5Learn moreon partner's siteat Service Credit Union, Federally insured by NCUA
Minimum deposit
$500
Federally insured by NCUA
APY
4.00%
Our Take
Why We Like ItEstablished in 1957 for military members and their families in New Hampshire, Service Credit Union has since expanded and lets anyone join by becoming a member of the American Consumer Council, with a promo code to bypass the membership fee. Service Credit Union provides a 12-month share certificate with a competitive rate and a low opening minimum of $500.
- NerdWallet rating5.0/5
Minimum deposit
$500
Member FDIC
APY
3.90%
Our Take
Why We Like ItThe online-only bank Marcus by Goldman Sachs – begun in 2016 by the Wall Street banking giant – has a competitive one-year APY and a low minimum opening requirement of $500. Some banks have minimums of $1,000 or $10,000.
- NerdWallet rating4.5/5
Minimum deposit
$1,000
Member FDIC
APY
4.00%
Our Take
Why We Like ItTAB Bank, started in 1998, is an online bank and its name stands for Transportation Alliance Bank. TAB Bank offers a competitive yield on its one-year CD and a somewhat low minimum of $1,000 to open.
- NerdWallet rating3.8/5
Minimum deposit
$2,500
Member FDIC
APY
4.10%
Our Take
Why We Like ItLive Oak Bank offers some online CDs with strong rates, though there's a somewhat high minimum requirement of $2,500.
- NerdWallet rating4.5/5
Minimum deposit
$2,500
Member FDIC
APY
4.00%
Our Take
Why We Like ItNewtek Bank is an online bank, headquartered in Miami, that has strong CD rates. That includes its one-year term. The opening minimum of $2,500 is somewhat higher than what other online banks require.
- NerdWallet rating4.3/5
Minimum deposit
$10,000
Member FDIC
APY
4.11%
Our Take
Why We Like ItFounded in 1893, Popular Bank is the parent of online bank Popular Direct. Popular Direct’s CDs have a hefty opening minimum of $10,000, but its one-year rate is strong.
- NerdWallet rating5.0/5
Minimum deposit
$1,000
Federally insured by NCUA
APY
3.95%
Our Take
Why We Like ItNASA Federal Credit Union has a competitive rate on its one-year share certificate and a low minimum opening deposit of $1,000. Membership to the credit union is available to anyone nationwide, no NASA affiliation required.
- NerdWallet rating5.0/5
Minimum deposit
$0
Member FDIC
APY
3.90%
Our Take
Why We Like ItThe online banking giant Capital One has a competitive one-year CD rate and no minimum to open. Its range of terms is standard: six months up to five years.
- NerdWallet rating2.6/5
Minimum deposit
$1,000
Member FDIC
APY
4.00%
Our Take
Why We Like ItLaunched in 2018, CIBC U.S. is the online U.S. banking division of the 150-year-old bank CIBC, the Canadian Imperial Bank of Commerce. The minimum deposit of $1,000 is somewhat low. CIBC’s one-year CD rate stands out, but the bank has a limited offering of CDs without longer terms such as three or five years.
- NerdWallet rating2.7/5
Minimum deposit
$10,000
Member FDIC
APY
4.00%
Our Take
Why We Like ItSalem Five Direct is the digital bank division of Salem Five, a bank based in Salem, Massachusetts. It has a one-year CD special with a competitive one-year rate, but the minimum deposit requirement of $10,000 is steep.
Why trust NerdWallet
Strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.
Around 100 financial institutions surveyed by our team of experts.
More than 50 data points considered for each bank and credit union to be eligible for our lists. For this CD list, three data points were considered per institution.
“One-year CDs remain highly competitive. Their best rates surpass three- and five-year CD rates. And, compared to high-yield savings accounts, one-year rates remain higher. Because of one-year CDs’ popularity, you can be more choosy about the institution you want to leave your money with. Personally, I like to have a high-yield savings account at the same place I have a CD to make the transfer out of the CD easy once the CD matures.”
What is a one-year CD?
A one-year CD is a type of savings account that keeps a fixed sum inaccessible for 12 months and locks in the APY (your rate of return). Money in a CD is federally insured just like it is in other bank accounts. If you pull the money out early, you'll typically have to pay an early withdrawal penalty. A regular savings account, on the other hand, has a variable rate, meaning the interest rate can change over time but you can pull your money out at any time.
Nerdy Tip
The Fed lowered its benchmark interest rate three times in late 2025. Excellent interest rates are still available on certificates of deposit, but they are trending lower.
Best 1-year CD rates for June 2026
TAB Bank: 4.00% APY, $1,000 minimum to open.
Live Oak Bank: 4.10% APY, $2,500 minimum deposit.
E*TRADE: 4.10% APY, no minimum deposit.
Marcus by Goldman Sachs: 3.90% APY, $500 minimum deposit.
Newtek Bank: 4.00% APY, $2,500 minimum deposit.
Popular Direct: 4.11% APY, $10,000 minimum deposit.
Salem Five Direct: 4.00% APY, $10,000 minimum deposit.
Bask Bank: 4.05% APY, $1,000 minimum deposit.
Capital One: 3.90% APY, no minimum deposit.
CIBC U.S.: 4.00% APY, $1,000 minimum deposit.
Service Credit Union: 4.00% APY, $500 minimum deposit.
Bread Savings®: 4.00% APY, $1,500 minimum deposit.
NASA Federal Credit Union: 3.95% APY, $1,000 minimum deposit.
1-year CD trends
NerdWallet picks’ average:
4.00% APY
National average:
1.55%
How to find the best one-year CD for you
Compare these four factors:
APY: This is the annual percentage yield, which is your rate of return that includes having interest compounded. Try out different rates on our CD calculator.
Minimum deposit: This is the lowest amount you need to open a CD, but you generally don’t want to use the minimum as a guide for the right amount to save in a CD. Learn more about how much money to put into CDs.
Early withdrawal penalty: It’s good to know the cost of the worst-case scenario where you break the seal on your CD early. See what typical penalties cost.
What else you want from that institution: Do you want a checking or savings account at the same place you get a CD? Not all banks offer all these types of accounts. Are you focusing on CDs where you bank or where you’re an investor? CDs at banks (and share certificates at credit unions) can be easier to manage, unless you’re familiar with the ins and outs of a brokerage account and want brokered CDs.
Alternatives to one-year CDs
Here’s a list of other short-term savings options:
High-yield savings accounts: Solid returns around 4%, federally insured bank accounts. Rates can change at any time, though.
Other short-term high-yield CDs: The best six-month CDs have strong rates and can help you build a short CD ladder, which can be made of CDs with terms of three months, six months, nine months and one year. For this short ladder, a CD matures every three months, at which time you can either cash out or reinvest in a new one-year CD as the longest term of the ladder.
No-penalty CDs: These specialty CDs usually have terms around one year and let you withdraw the full amount early at no cost. Rates can be lower than high-yield CDs, though.
See more short-term investment options.
Last updated on June 4, 2026
Methodology: How we rate banks and credit unions
Banking writers and editors use an objective methodology to rate banks, credit unions, and other providers, and to recommend the best products.
100+
Financial institutions reviewed
100+
Financial institutions reviewed
We took a close look at around 100 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.
30+
Categories assessed
30+
Categories assessed
Each provider is evaluated across five weighted categories and 30 subcategories, including checking and savings accounts, certificates of deposit, customer experience, and overdraft services. For banks or credit unions without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
60+
Data points analyzed
60+
Data points analyzed
We considered more than 60 data points for each provider. Depending on the category, these included account fees and rates (such as annual percentage yields), ATM and branch access, account features, account bonuses, customer service access and user-facing technology, such as innovative tools and mobile apps. We gathered this information for each financial institution from its website, a media representative or both.
Certificate of deposit star rating categories
Providers with the best CDs (or share certificates, as credit unions call them) generally have interest rates for six-month, one-year, three-year and five-year terms that tend to be at least twice their national averages. Minimum opening deposits tend to be lower than $3,000, but not always. Institutions with at least one of four specialty CDs (no-penalty, add-on, step-up or bump-up CDs) may get extra marks. Banks with a limited number of term lengths receive lower marks.
Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Alto, Amalgamated Bank, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Barclays, Bask Bank, BMO, Boeing Employees Credit Union, Bread Savings®, BrioDirect, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Climate First Bank, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Customers Bank, Discover® Bank, E*TRADE, EverBank, Fifth Third Bank, First Foundation, First Internet Bank, First Tech Federal Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, GO2bank, Golden 1 Credit Union, Hope Credit Union, HSBC Bank, Huntington Bank, Ivy Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, My Banking Direct, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, Newtek Bank, OMB Bank, OnePay, Openbank, PayPal, Peak Bank, Pentagon Federal Credit Union, PNC, Poppy Bank, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Valley Bank, Varo, Venmo, Vio Bank, Wells Fargo, Western Alliance Bank, Zolve and Zynlo Bank.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for banks and credit unions and our editorial guidelines
NerdWallet's Best 1-Year CD Rates of June 2026 (Up to 4.10%)
- Marcus by Goldman Sachs High-Yield CD: 3.90% APY
- TAB Bank CD: 4.00% APY
- Live Oak Bank Personal CD: 4.10% APY
- E*TRADE Certificate of Deposit: 4.10% APY
- Newtek Bank CD: 4.00% APY
- Popular Direct CD: 4.11% APY
- NASA Federal Credit Union Share Certificate: 3.95% APY
- Bask Bank CD: 4.05% APY
- Bread Savings® CD: 4.00% APY
- Capital One 360 CD: 3.90% APY
- CIBC Agility™ Online CD: 4.00% APY
- Service Credit Union Share Certificate: 4.00% APY
- Salem Five Direct CD: 4.00% APY
Frequently asked questions
Which banks have the best 1-year CD rates?
Online banks and credit unions tend to have some of the most competitive one-year CD rates.
When should you get a one-year CD?
You should only get a one-year CD if you know you won’t need those funds for a year, so as to avoid breaking the seal early and paying a penalty. Beyond that, consider that the fixed rate of a one-year CD can come in handy especially compared to a high-yield savings account during a falling-rate environment.
Should you consider short-term or long-term CDs?
It depends on your savings goals and how sure you are that you won't need your funds before the CD term expires. If you want to play it safe, go for a shorter CD term or a no-penalty CD.
How do CD rates work?
CD rates are quoted as an annual percentage yield, or APY, which is how much the account earns in one year including compound interest. Banks generally compound interest monthly or daily. Learn more about APY vs. interest rate.