CD Bank Rates Today: Average 12 Month CD Rate at 0.75% and Highest CD Rate at 1.10% APY

Low CD bank rates are here to stay! This past week we learned in the Federal Open Market Committie's meeting minutes from the late July/early August that many Fed goveners feel that more Fed action is needed to help the economy. The Fed helps stimulate the economy by lowering interest rates which forces bank CD rates lower.The current national average 12 month CD rate in Bankrate's survey is at 0.75 percent. The FDIC's average 1 year CD interest rate is even lower at 0.27 percent. The highest CD rates on 1 year certificates of deposit are well above the averages.The best CD rates on our rate list are above 1.00 percent. CIT Bank and Bank of Internet are tied with the top rate. CD rates at both banks are currently at 1.09 percent with an APY of 1.10 percent.


Two banks are also tied with the second highest CD rate on our 12 month rate list. MetLife Bank CD rates and Colorado Federal Savings Bank CD rates are both currently at 1.04 percent with an APY of 1.05 percent. The third top CD rate on our 1 year rate list is from EH National Bank. The California based bank is offering 1 year bank CD Rates at 1.02 percent with an APY of 1.02 percent. Doral Bank is next on our list with a 1 year CD rate of 1.01 percent with an APY of 1.02 percent. The fourth best CD rate on our list is from Ally Bank. Current 1 year Ally Bank CD rates are at 1.00 percent with an APY of 1.01 percent. Ally Bank is also offering an 11 month No Penalty CD rate of 0.92 percent with an APY of 0.92 percent if you want an intermediate term CD but might need access to your money. Rounding out the top 5 CD rates on our 1 year certificate of deposit rate list is ableBanking. Current 1 year ableBanking CD rates are at 1.00 percent with an APY of 1.00 percent. The sixth best rate on our list is from Ascencia, a div. of PBI Bank at 0.95 percent with an APY of 0.95 percent. Several banks are tied with the seventh best rate at 0.90 percent with 0.90 percent. Discover Bank CD rates, Barclays Bank CD rates, Lone Star Bank, Pacific Mercantile Bank, VirtualBank and E-Loan are all offering 1 year CD interest rates at 0.90 percent with an APY of 0.90 percent. You can search for and compare CD rates at banks for many certificate of deposit terms by using our rate lists. Find the best CD rates today!