Highest CD Rates Available Today, July 16, 2025: 14 Options with 4.50% or More APY.

CD shoppers can secure APYs of at least 4.28% across a variety of terms, ranging from 3 months to 5 years. The top national CD rate stands at 4.60%, available from Genisys Credit Union for a 19-month term. 13 more CDs offer 4.50% or higher for terms of 6 months to nearly 2 years. For terms of 3 to 5 years, top rates range from 4.28% to 4.40%. Although the Fed has kept its benchmark interest rate unchanged this year, upcoming rate cuts in 2025 could lead to lower CD rates.

In the current financial landscape, investors and savers are actively seeking the best 1-year certificate of deposit (CD) rates to maximize their returns. As of July 2025, CD shoppers can secure annual percentage yields (APYs) of at least 4.28% across a variety of terms, ranging from 3 months to 5 years. The top national CD rate stands at 4.60%, available from Genisys Credit Union for a 19-month term. Additionally, 13 more CDs offer 4.50% or higher for terms of 6 months to nearly 2 years. For terms of 3 to 5 years, top rates range from 4.28% to 4.40%.

Key Considerations for 1-Year CDs

1. Fixed Rate and Predictable Earnings: One of the primary advantages of 1-year CDs is the fixed interest rate for the full term. This ensures that the earnings and withdrawal date are predictable, which can be beneficial for short-term savings goals.

2. Higher APYs Compared to Liquid Accounts: Banks and credit unions offer higher APYs on CDs because they can count on the funds staying in the account, unlike liquid accounts where funds can come and go unpredictably.

3. Early Withdrawal Penalties: While 1-year CDs offer higher returns, early withdrawal can incur penalties. It is crucial to understand these penalties before opening a CD. Common penalties include a few months' worth of interest.

4. Safety and FDIC/NCUA Insurance: CDs are federally insured by the FDIC (for banks) or NCUA (for credit unions) up to $250,000, providing a high level of security for your investments.

Top 1-Year CD Rates as of July 2025

| Bank/Institution | APY | Term | Minimum Deposit | Early Withdrawal Penalty |
|------------------|-----|------|-----------------|--------------------------|
| Genisys Credit Union | 4.60% | 19 months | $500 | 3 months of interest |
| Abound Credit Union | 4.55% | 12 months | $500 | 1 month of interest |
| Pelican State Credit Union | 4.50% | 10 months | $500 | 3 months of interest |
| Pacific National Bank | 4.40% | 12 months | $1,000 | 7 days of interest |
| First Internet Bank | 4.40% | 12 months | $1,000 | 6 months of interest |
| Communitywide Federal Credit Union | 4.40% | 12 months | $1,000 | Complex formula; exercise caution |
| Colorado Federal Savings Bank | 4.40% | 12 months | $5,000 | 3 months of interest |
| Popular Direct | 4.40% | 12 months | $10,000 | 9 months of interest |
| NexBank | 4.40% | 12 months | $25,000 | 6 months of interest |
| Justice Federal Credit Union | 4.40% | 13 months | $500 | 6 months of interest |
| Quorum Federal Credit Union | 4.40% | 13 months | $1,000 | 2% of the amount withdrawn |
| Elements Financial | 4.40% | 13 months | $1,000 | 6 months of interest |
| Sallie Mae Bank | 4.35% | 11 months | $2,500 | 3 months of interest |
| Limelight Bank | 4.35% | 12 months | $1,000 | 3 months of interest |
| Seattle Bank | 4.35% | 12 months | $1,000 | 3 months of interest |
| My eBanc | 4.35% | 12 months | $5,000 | 3 months of interest |

Conclusion

With the Federal Reserve's benchmark interest rate expected to drop in 2025, securing a high-yield 1-year CD now could be beneficial. Investors should carefully review the terms, including early withdrawal penalties, and consider their financial goals before selecting a CD. By doing so, they can ensure they are making the most of their savings.

References

[1] https://www.investopedia.com/best-1-year-cd-rates-4796650