Best 12-Month CD Rates - July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Finance Calculators
Top 12-month CD rates currently available include Schools Federal Credit UnionSchools Federal Credit Union20101 Hamilton Ave Ste 150, Torrance, CA 90502 1306A+5.0 ★Texas Ratio: 1.27%Real return: +3.10%APY minus CPI (February 2026) offering Relationship Certificate (12 months) at 5.90% APY, and Gundersen Credit UnionGundersen Credit Union1910 South Ave, La Crosse, WI 54601A+5.0 ★Texas Ratio: 0.77%Real return: +2.70%APY minus CPI (February 2026) offering Teenager (Age 13-17) - 12 Month Term Certificate at 5.50% APY, and OMNI Community Credit UnionOMNI Community Credit Union3141 Capital Ave SW, Battle Creek, MI 49015A+5.0 ★Texas Ratio: 3.29%Real return: +2.20%APY minus CPI (February 2026) offering 12 Month Youth Special at 5.00% APY, and P&S Credit UnionP&S Credit Union2250 S Redwood Rd Ste 6, Salt Lake City, UT 84119 1356A+5.0 ★Texas Ratio: 0.13%Real return: +2.20%APY minus CPI (February 2026) offering 12 Month Certificate-STUDENT Accounts at 5.00% APY. CD rates as of July 13, 2026 according to verified data from MonitorBankRates.
A 1-year CD is often considered the sweet spot for savers. It offers a higher yield than a standard savings account while keeping your money committed for just one year — ideal for building a CD ladder or parking funds you won’t need in the near term. We display Safety Grades, Star Ratings, and Texas Ratios so you can choose institutions with confidence.
The APYs displayed reflect actual verified offers. Rates are subject to change at the institution’s discretion without notice. A substantial penalty may be imposed for early withdrawal. 12-Month CD Rates Last Updated and Verified: July 13, 2026
Compare the Best 12-Month CD Rates Nationwide
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Maximum $10,000 (Automatic Renewal)
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20+ Yrs
Rates are as of July 1, 2026 and are subject to change. A penalty may be imposed for early withdrawal.
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up to $2,500
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Balance: Under $100,000
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Limited-time offer. New funds only. Dividends compounded monthly and credited monthly and at maturity. Penalty may be imposed for early withdrawal.
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New Money Only
Stated rate is 4.169%. APY is accurate as of June 1, 2026. Fees can reduce earnings on the account. Early withdrawal penalties may apply. OceanAir reserves the right to end or modify these offers at any time without notice
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Minimum opening deposit (purchased through Raymond James brokerage account): $2,000. Minimum opening deposit (not purchased through Raymond James brokerage account): $1,000.
On the above accounts, dividends are compounded and credited quarterly. Dividends are computed based on average daily balance. A penalty may be imposed for early withdrawal. Service charges may reduce earnings.
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New Money Only, Renews to 1 Year
Star Member rate.
Star Member rate.
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Penalty for early withdrawal
Digital Online: 4.16% APY with $25,000 Minimum Deposit
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Special rate for a limited time.
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($10K limit per CD)
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Interest Period Compounded & Credited: Quarterly
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This CD is a fixed rate certificate for the full 12-month term. This offer is for a limited time only. Fees, withdrawals, and penalties could reduce the earnings on the account. Interest is paid monthly via ACH or added back at maturity.
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IRA Share Certificate*
Opening Balance: $10,000 or above; Interest Will Be Credited: Monthly
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APY is 4.01% for 1 Year term.
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For a limited time, $1,000 minimum balance required. Penalty for early withdrawal.
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not eligible for Direct Deposit discount
$25,000- $99,999
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Online-only high-yield rates.
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APY = Annual Percentage Yield. Minimum opening deposit required. Penalty may apply for early withdrawal. Offer subject to change without notice. Contact the credit union for complete details.
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Special CD rate, limited time offer.
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Fixed Rate
Interest Compounding Frequency: Quarterly; Interest Availability: Quarterly
Compounding: Quarterly
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Promotional Rate. Rates may vary by zip code. APY (Annual Percentage Yield) effective 6/30/2026 for a limited time. See Details.
Compounded/Credited: Qrtly/Qrtly
Online Only.
Current Certificate of Deposit Rates as of 01/23/23
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Fixed rate. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time.
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Interest will be compounded quarterly. A penalty may be imposed for early withdrawal. Penalty may reduce earnings on account. Offer is good at any Ireland Bank Branch.
APY (Annual Percentage Yield) is accurate as of July 1, 2026 and is subject to change at any time. Fees could reduce the earnings on the account. There is a penalty for early withdrawal. Interest is compounded monthly and credited monthly.
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Penalties for early withdrawals may apply. Fees may reduce earnings on the account.
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Effective Date: 07/02/26 through 07/08/26. Stated Interest Rates and APYs for terms of 12 months through 42 months are applicable to IRA Certificates of Deposit as well. APY is Annual Percentage Yield. A $500 minimum opening deposit is required to open and earn the advertised APY. The APY is based on an assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings. A penalty may be imposed for early withdrawal. Please contact any branch office for further information concerning our Truth-In-Savings Disclosure.
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Spring CD Special
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Offer available for a limited time. Promotional APY is accurate as of July 1, 2026, and is available for a limited time. Offer may be modified or discontinued without notice. Dividends are compounded and credited quarterly. Early withdrawal penalties may reduce earnings. Federally insured by NCUA.
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NEW MONEY
Certificates $500 to $20,000
Compounding Period: Quarterly
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Additional deposits of $10 or more up to the max limit allowed per day. Youth Flex Certificate is only for members from ages 0-21. One time option to change the rate offered on the same product. One time option to withdraw up to 25% of principal with no penalty.
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Renewal Rate Term: 12 Months
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LIMITED CERTIFICATE SPECIAL. $500 minimum balance to obtain APY. Substantial penalty for early withdrawal. All APY's based on interest compunded quarterly.
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Maximum deposit amount is $500,000.
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$500 minimum deposit required
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See details.; Open account in person
Dividend Paid Monthly on Last Day of Month
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EARLY WITHDRAWAL PENALTIES (Minimum $25): 181 Days Interest
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New Certificates
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Loyalty Rate: 3.87%, Loyalty APY: 3.95%
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High-Yield Rewards Checking Account required
APY effective as of 7.8.2026 and subject to change without notice.
Penalty: 90 days; Frequency of Compounding: Daily
Compounding Frequency: Monthly
Compounding Frequency: Monthly
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OAC*
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Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Tracked Nationwide
About Our 12-Month CD Rate Database
MonitorBankRates tracks 3,822 12-month CD rates from 1,838 institutions across the United States. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: Schools Federal Credit Union offers a 12-month CD at 5.90% APY with a minimum deposit of $500. Use the rate table above to compare all current offers.
12-Month CD Rate Trend
Daily national average APY for 12-month CDs
Daily averages compiled from our database of 8,500+ banks and credit unions — updated daily.
National 12-month CD rates fell 0.005 points over the past 7 days to 2.832% APY, down from 2.837% 7 days ago.
12-Month CD Rate Forecast — Next 12 Months
Where are 12-month CD rates headed through July 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
CD Calculators
Enter any deposit amount to see exactly how much interest you earn at the end of your 12-month term at today’s top APY.
CD Ladder with 12 Months RungUse a 12-month CD as a core annual rung in your ladder. See how rolling 1-year maturities create a reliable income cycle while keeping a portion of savings liquid.
Early Withdrawal Penalty12-month CDs typically carry a 90–180 day interest penalty for early access. Calculate your actual net return if you need funds before maturity.
12-Month CD vs. High-Yield Savings12-month CD rates often edge above top savings APYs. Compare both side-by-side to see exactly how much more a 1-year commitment earns on your deposit.
How to Find the Best 12-Month CD Rates
What to compare when shopping for a 12-month CD
To find the best APYs on a 12-month CD, start with credit unions and online-only banks — they consistently offer the highest yields because they have lower overhead than traditional brick-and-mortar banks and compete aggressively for deposits.
Always compare the APY (Annual Percentage Yield), not just the interest rate. The APY reflects compounding and is the true measure of what you’ll earn. A CD advertised at 4.75% interest compounding monthly is worth more than one at 4.80% compounding annually.
Also compare the early withdrawal penalty. On a 12-month CD, common penalties range from 30 to 90 days of interest. If you’re unsure whether you’ll need the funds early, a penalty-free no-penalty CD or a high-yield savings account may be a better fit.
When a 12-Month CD Makes Sense
- You have a planned purchase or expense in ~12 months and want to earn while you wait
- You expect interest rates to fall and want to lock in today’s rate short-term
- You want to lock in a fixed rate for a full year without committing to a longer term
- You want FDIC/NCUA protection with a guaranteed fixed return
Consider an Alternative If…
- You may need funds before 3 months → High-yield savings
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing or debit access → Money market account
12-Month CD vs. Other Savings Options
| Feature | 12-Month CD | High-Yield Savings | Money Market | 6-Month CD |
|---|---|---|---|---|
| Rate Type | Fixed APY | Variable APY | Variable APY | Fixed APY |
| Liquidity | Locked 12 months | Anytime | Anytime | Locked 6 months |
| Early Withdrawal | Penalty (30–90 days interest) | None | None | Penalty (90–180 days interest) |
| FDIC / NCUA Insured | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) |
| Check / Debit Access | No | Usually no | Often yes | No |
| Best For | Known near-term goal, CD ladder start | Emergency fund, flexible savings | Liquid savings with check-writing | Slightly higher yield, less urgency |
12-Month CD FAQs
What is a 12-Month Certificate of Deposit (CD)?
Are 12-month CD rates higher than regular savings accounts?
Is my money safe in a 12-month CD?
What happens if I withdraw money from a 12-month CD early?
What is APY and how does it differ from the interest rate?
Can I add money to a 12-month CD after opening it?
How can I use a 12-month CD in a CD ladder?
Is a 12-month CD better than a high-yield savings account?
Methodology & Data Sources
Direct-Sourced & Verified CD Rate Data: We aggregate 12-month CD rates nationwide directly from the official websites of banks and credit unions using our proprietary rate aggregation technology. By pulling data straight from the institutions’ own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available 1-year CD yields across the country. We feature a comprehensive mix of financial institutions — from neighborhood credit unions and competitive regional banks to high-yield CDs from large national institutions.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update CD rates daily. Because yields can fluctuate rapidly based on Federal Reserve policy and market conditions, every CD product listed features its own specific “last updated” date for full transparency.
Proprietary Institution Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you deposit with secure, reliable institutions.
