Skip to Main Content

Best 1-month CD rates for April 2024

Best available rates across different account types for Saturday, April 13, 2024

Bankrate logo The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . Learn more about who we are and our promise to guide you through life’s financial journey.

Show me:
Current savings trends
Bankrate Partner average
4.84% APY
National average
0.57% APY

On This Page

Bankrate’s picks for the top 1-month CD rates

Note: Annual percentage yields (APYs) shown are as of March 26, 2024. Bankrate's editorial team validates this information regularly, typically biweekly. 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: 3.00% APY; $20,000 minimum deposit to earn APY

SchoolsFirst serves the education community in California. Certain school employees, certain retired school employees and immediate family members of SchoolsFirst Federal Credit Union members are eligible to join.

SchoolsFirst offers CDs ranging from 30 days to five years. To open a CD, a $500 minimum deposit is required. If you put in more money you may be rewarded with a higher APY, as SchoolsFirst has four rate tiers: $500, $20,000, $50,000 and $100,000.

Zions Bank: 0.30% APY; $1,000 minimum deposit

Zions Bank has 121 full-service branches in Utah, Idaho and Wyoming. The bank offers 10 terms of CDs ranging from one month to five years. CDs are only available for those in Utah or Idaho.

Zions Bank also offers checking, savings and money market accounts, personal loans, mortgages and credit cards. It features mobile and online banking.

BrioDirect: 0.05% APY; $500 minimum deposit

BrioDirect is the online division of Webster Bank. Its CDs, savings account and money market account earn competitive yields.

BrioDirect offers 11 terms of CDs, ranging from one month to five years. A $500 deposit is required to open a CD. BrioDirect’s offers its highest APY on a promotional one-year CD.

U.S. Bank: 0.05% APY; $500 minimum deposit

U.S. Bank is one of the 10 largest commercial banks in the U.S.

It offers 11 terms of CDs, ranging from one month to five years. U.S. Bank also offers a Step Up CD and a Trade Up CD. To open any of the standard CDs, a minimum deposit of $500 is required, but you can’t deposit more than $250,000.

Huntington National Bank: 0.05% APY; $1,000 minimum deposit

Huntington National Bank maintains more than 1,200 branches, which are located mostly in the Midwest and South. The bank offers CD terms ranging from one month to six years. The minimum amount required to open a CD is $1,000.

KeyBank: 0.05% APY; $2,500 minimum deposit

KeyBank has a network of over 1,000 branches and more than 40,00 ATMs. KeyBank has CDs with terms ranging from seven days to 10 years. KeyBank CDs are available to consumers and businesses in 15 states.

Pros and cons of a 1-month CD

Pros

  • Checkmark

    Your money isn’t locked away for long.

  • Checkmark

    It gives you the flexibility to either keep your money in the CD for another term when it matures or withdraw it when the term ends.

  • Checkmark

    Generally, a term CD will give you a fixed APY during the CD’s term.

Cons

  • Unlike a savings account, a one-month CD may 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 other, longer-term CDs.

1-month CD FAQs

Research methodology

Bankrate’s editorial team is made up of five banking experts. These experts have researched numerous banks and at least twice a month review bank websites to make sure readers stay up to date on the latest rates and bank products.

The banks and credit unions on this page are selected based on popularity, Bankrate’s review score and CD APYs. The listings are ordered based on Bankrate’s scoring system, and ties are broken through minimum balance requirements and then alphabetical order.