Standout 1-Year CD Rates
CDs are an excellent way to earn money for doing virtually nothing. They often pay more in interest than your average savings account - sometimes as much as 10 times* more. And thankfully, it only takes minutes to find the best one for you. Check out the offers from our partners and start earning more interest today
CDs are an excellent way to earn money for doing virtually nothing. They often pay more in interest than your average savings account - sometimes as much as 10 times* more. And thankfully, it only takes minutes to find the best one for you. Check out the offers from our partners and start earning more interest today
| Bank/institution | NerdWallet rating | Minimum deposit | APY | Learn more |
|---|---|---|---|---|
4.3/5 | $0 Member FDIC | 4.00% | Learn moreat Discover® Bank, Member FDIC | |
3.9/5 | $0 Member FDIC | 4.00% | Learn moreat Barclays, Member FDIC | |
4.7/5 | $1,000 Federally insured by NCUA | 4.00% | Learn moreat Alliant Credit Union, Federally insured by NCUA |
Want to earn a high APY on your savings?
High-yield savings accounts offer you instant access to your cash whenever you want, while offering massive APYs. To make the search easier, we created this shortlist of standout picks from our partners. Check out the offers, from our partners, and start earning interest today.
Want an Online Broker For Stock Trading?
With features like $0 commission fees, comprehensive investing tools, easy-to-access research and more, these brokers offer something for every investor — from beginners to seasoned traders. And to help you find the one that’s right for you, we’ve highlighted their pros, cons and current offers.
Why online banks dominate the list
The most important factor for virtually every CD-shopper is the APY. And, as it happens, online banks are offering massive APYs — as much as 10x the average APY* — plus, they also offer rock-bottom maintenance fees.
*10x more interest based on the national average annual percentage yield ("APY") of 0.41% (as reported by the Federal Deposit Insurance Corporation. Estimated annual earnings result assumes principal and interest remain on deposit for one year and interest rates and APY do not change. Estimated annual earnings are for informational purposes only. Interest rates and APY are subject to change and specific results cannot be guaranteed.
To recap our selections...
NerdWallet's Standout 1-Year CD Rates