Highest National CD Rates: Best 12 Month APY at 1.33%

The current national average 12 month CD rate is at 0.53% as reported by MonitorBankRates.com. You can find 12 month bank CD rates and credit union CD rates higher than the national average. Right now on our list of the best CD rates on 12 month certificates of deposit Bank of Internet USA has the best rate. Bank of Internet is offering 12 month bank CD rates at 1.32% with a CD yield of 1.33%.

Find the best CD rates at banks and credit unions by searching our rate lists here: CD Rates. We list national bank CD rates, local bank CD rates and credit union CD rates.

The second best CD rate on our list of national rates is from E-Loan.com. E-Loan is offering 12 month CD interest rates at 1.25% with a CD yield of 1.26%. E-Loan's CD rate is also more than double the current national average.

The third highest CD rate on our list is from Discover Bank and Sallie Mae Bank. Both banks are offering 1 year bank CD rates at 1.19% with a yield of 1.20%.

Ally Bank has the fourth best rate on our list. Ally Bank's CD rates on 1 year certificates of deposit are at 1.18% with a yield of 1.19%. Ally Bank is the former GMAC Bank. We first wrote about Ally Bank's CD rates back in 2009.

Rounding out the top 5 national CD rates is AIG Bank and Nationwide Bank. Both banks are offering 12 month CD interest rates at 1.14% with a yield of 1.15%.

You can also find a list of the highest savings account rates by searching our savings rate list here: Highest Savings Account Rates. Use our free CD calculator to figure out your CD investment return.