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Best 1-month CD rates for July 2025

Rates updated between July 11 and July 17

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A one-month certificate of deposit (CD) matures in the quick span of just four weeks. Interest rates on these CDs are typically low because banks want account holders to lock their money up for longer periods. Many high-yield savings accounts and money market accounts offer higher annual percentage yields (APYs) than one-month CDs.

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Bankrate’s picks for top 1-month CD rates

Note: Annual percentage yields (APYs) shown are as of June 9. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

SchoolsFirst Federal Credit Union

SchoolsFirst Federal Credit Union logo
Rating: 4 stars out of 5
4.5

Overview

SchoolsFirst Federal Credit Union offers a healthy rate for its one-month share certificate (the credit union term for certificates of deposit). In addition to the one-month CD, SchoolsFirst features a variety of shorter terms, including three months and six months, as well as longer terms up to five years. Many of the certificates at this credit union earn strong yields.

SchoolsFirst primarily serves members of educational communities in California and their families.

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2.95% APY
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$500 minimum deposit

Texas Capital Bank

Texas Capital Bank logo
Rating: 4 stars out of 5
4.5

Overview

Texas Capital Bank offers a one-month CD with a 1 percent APY — which is low, but good for a one-month CD. A $1,000 minimum deposit is required. If you can afford to keep your money tied up a little longer, Texas Capital has a three-month CD that pays four times as much as the one-month.

In addition to these terms, Texas Capital Bank offers CD terms ranging from six months to two years.

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1% APY
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$1,000 minimum deposit

Huntington National Bank

Huntington National Bank logo
Rating: 2 stars out of 5
2.7

Overview

Huntington National Bank offers a one-month CD that pays 0.50 percent APY. To open the certificate, you’ll need a minimum deposit of $1,000. That rate is among the best for one-month CDs, but that’s not saying much. The bank also pays the same rate on all its other CDs, which go up to 6 years. It does also offer promotional CDs that feature higher yields, but they’re limited to five and nine months.

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0.50% APY
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$1,000 minimum deposit

Zions Bank

Zions Bank Logo
Rating: 3 stars out of 5
3.6

Overview

Zions Bank offers a one-month CD at 0.30 percent APY with a minimum deposit requirement of $1,000. That’s one of the highest rates on offer for one-month CDs but in the grand scheme of rates for savings, it’s not that good.

Zions Bank provides a wide selection of CD terms from seven days to five years. Overall, the CDs offered at Zions beyond one month tend to offer higher yields but you can likely find higher APYs on almost all the terms elsewhere.

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0.30% APY
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$1,000 minimum deposit

When should you get a 1-month CD?

A one-month CD is worth considering if you have a lump sum of money that you'd like to save, untouched, over a short period of time (typically four weeks) while earning a fixed rate of interest during that term.

 A one-month CD isn’t ideal if you need to access the money immediately as you’ll likely pay an early withdrawal penalty for withdrawing the funds before the end of the one-month term, usually losing the interest you accrue.

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It’s worth noting that such short-terms CDs tend to offer lower APYs than other CD terms. The best three-month CDs and the best six-month CDs pay rates that are above 4 percent APY. You can also likely find a better rate on a longer-term no-penalty CD; you can withdraw your money (usually after one week) without paying a penalty and losing interest.

The chart below shows how much you would earn when investing $10,000 in either a one-month, three-month or six-month CD.

You can also opt for a high-yield savings account if you want easy access to your funds without penalties. You’d earn yields above 4 percent and though APYs on savings accounts are variable and can change at any time, a precipitous drop from 4 percent to 1 percent — the highest rate on this list not from a restricted-membership credit union — in one month is unlikely.

You’ll earn a higher rate on your money in a high-yield savings account but if you want the barrier of a penalty between you and your money, a one-month CD could be worth the interest rate trade-off.
Bankrate logo Yuliya Goldshteyn, deposits editor at Bankrate

Pros and cons of a 1-month CD

Pros

  • Checkmark Icon

    Your money isn’t locked away for long.

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    You earn a fixed APY during the CD’s term.

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    You have flexibility to either keep your money in the CD for another term when it matures or withdraw it when the term ends.

Cons

  • You’ll likely incur an early withdrawal penalty if you take money out before the term ends.

  • A savings account or a no-penalty CD may earn a higher APY than a one-month CD.

  • The APYs might not be competitive compared with longer-term CDs.

1-month CD FAQs

Research methodology

Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies.

To find the best one-month CD rates, we regularly survey one-month CD offerings from the banks and credit unions that offer this CD term.

The banks and credit unions on this page are selected based on their current APY for a one-month CD. Learn more about how we choose the best banking products and our methodology for reviewing banks.

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