Top 1-year CD rates have barely moved in more than a year. A 12-month CD has paid on average about 0.27% APY since January 2015, based on Bankrate’s weekly survey.

In early September, the average crept up to 0.28% APY, but now it has inched back down to 0.27%.

Fortunately, you can find institutions that offer rates that are much higher than average.

RATE SEARCH: Compare today’s 1-year CD rates from all banks and credit unions

Bankrate’s best 1-year credit union CD rates

Each month, Bankrate surveys the top 50 largest credit unions in the country. Here are 6 credit unions that offer the best 1-year CD rates today. They each pay at least 3 times the national average.

Institution Yield
Pentagon Federal Credit Union 1.21%
Alliant Credit Union 1.15%
Lake Michigan Credit Union 1.15%
SchoolsFirst Federal Credit Union 1.01%
State Employees’ Credit Union 1.00%
Virginia Credit Union 1.00%

Pentagon Federal Credit Union

Pentagon Federal Credit Union is based in Alexandria, Virginia. It serves members in all 50 states and Washington, D.C., in addition to military bases in Guam, Puerto Rico and Okinawa, Japan. It has more than 20 branches scattered throughout Florida, Hawaii, Maryland, New York, North Carolina, Tennessee, Texas, Virginia and Washington, D.C.

  • What it pays: 1.21% APY
  • Membership restrictions: Members of the U.S. military and employees of the U.S. government are eligible to join. Employees and members of nearly 200 affiliated organizations and associations are also eligible. Relatives and housemates of members are eligible as well. If you can’t join through one of those avenues, you can become a member by joining the Voices for America’s Troops for a one-time $14 fee or the National Military Family Association for $15.
  • Minimum deposit: $1,000
  • Early withdrawal penalty: All dividends are forfeited.

Alliant Credit Union

Based in Chicago, Alliant is the 7th-largest credit union in the U.S. It has branches in Arizona, California, Colorado, Illinois, New Jersey, Texas and Virginia.

  • What it pays: 1.15% APY
  • Membership restrictions: Membership is limited to those who live or work within a qualifying Chicago community, relatives of existing Alliant members and members of select organizations. Employees and retirees of select organizations may also apply. You can also join by making a donation of at least $10 to Foster Care to Success.
  • Minimum deposit: $1,000
  • Early withdrawal penalty: Up to 90 days of interest.

Lake Michigan Credit Union

Lake Michigan Credit Union is based in Grand Rapids, Michigan. It has 38 branches throughout lower Michigan.

  • What it pays: 1.15% APY
  • Membership restrictions: To join Lake Michigan Credit Union, you must live, work, worship or attend school in lower Michigan. You can also join if you have an immediate family member who has an account, or by making a $5 one-time donation to Amyotrophic Lateral Sclerosis (ALS) Association.
  • Minimum deposit: $500
  • Early withdrawal penalty: Up to 90 days of interest on the principal withdrawn.

SchoolsFirst Federa Credit Union

SchoolsFirst Federal Credit Union is based in Santa Ana, California. It has more than 40 branches throughout Southern California.

  • What it pays: 1.01% APY
  • Membership restrictions: Membership is limited to school employees, retired employees or immediate family members of a school or retired education employee in 10 Southern California counties. Those counties are Imperial, Kern, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara and Ventura.
  • Minimum deposit: $500
  • Early withdrawal penalty: 90 days interest on the principal amount withdrawn.

State Employees’ Credit Union

State Employees’ Credit Union is based in Raleigh, North Carolina, and has 242 branches throughout North Carolina.

  • What it pays: 1% APY
  • Membership restrictions: Membership is limited to employees of the state of North Carolina, public schools within the state, retirees from state employment or public school systems, and employees in the county departments of health, mental health, social services or civil defense. In addition, all members of the North Carolina National Guard are eligible. Immediate family members and housemates of current members can also join.
  • Minimum deposit: $250
  • Early withdrawal penalty: 90 days of interest or all interest accrued or earned, whichever is less.

Virginia Credit Union

Based in Richmond, Virginia, Virginia Credit Union has 17 branches throughout Virginia.

  • What it pays: 1.00% APY
  • Membership restrictions: Membership is limited to full-time and part-time employees and retirees of any state agency or department of the Commonwealth of Virginia; any public school system in Virginia; and any Virginia state-funded college or university. Approved companies and groups and approved contractors and vendors can also join. Membership also applies to employees and retirees of any county, town or other political subdivision in Virginia. Those who live, work, worship, volunteer or attend school within approved counties can also become members. Eligible associations, immediate family and household members are eligible. You can also join the Virginia Association for Career and Technical Education to become a member of the credit union.
  • Minimum deposit: $500
  • Early withdrawal penalty: A minimum of $20 or half the interest that would have been earned, whichever is greater.

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