Best CD Rates by Term
Compare certificate of deposit rates from top banks. Lock in guaranteed returns with FDIC-insured CDs.
Last updated: February 24, 2026
1 year CDs
| Bank | APY | Min. Deposit | Early Withdrawal Penalty | |
|---|---|---|---|---|
Bestgainbridge | 4.65% | $0 | Varies | Visit → |
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CD Ladder Calculator →Frequently Asked Questions
What is a CD (Certificate of Deposit)?
A CD is a savings product that holds a fixed amount of money for a fixed period of time (the term), and in exchange, the bank pays you a fixed interest rate. CDs typically offer higher rates than regular savings accounts because you agree to leave your money untouched for the term.
What happens if I withdraw early from a CD?
If you withdraw before the CD matures, you'll typically pay an early withdrawal penalty. This penalty varies by bank and is usually expressed as a certain number of months of interest (e.g., 90 days or 6 months of interest).
Are CDs FDIC insured?
Yes, CDs from FDIC-member banks are insured up to $250,000 per depositor, per bank. This makes them one of the safest places to keep your money.