Best 1-month CD rates for July 2025

Written by

Karen Bennett

Edited by

Yuliya Goldshteyn

Reviewed by

Robert R. Johnson

Expert verified

Rates updated between July 11 and July 17

At Bankrate we strive to help you make smarter financial decisions. Though our partners compensate us from links on this page, we maintain editorial integrity, and partners don't influence our product evaluations. Here's how we make money and here is our advertiser disclosure.

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.

PERSONALIZE YOUR SEARCH

Deposit amount

Zip code

Product type

Why choose Bankrate

Backed by over 40 years of experience, our team at Bankrate strives to help you make the right decisions for any financial situation.

Years experience

3,000 +

Deposit rates tracked

100 +

Banks reviewed

Table of contents

Bankrate's picks for top 1month CD rates
When should you get a 1-month CD?
Pros and cons of 1-month CDs
1-month CD FAQs
Research methodology

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

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.

Read Bankrate's Expert SchoolsFirst Federal Credit Union Review

2.95% APY

$500 minimum deposit

Texas Capital Bank

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.

Read Bankrate's Expert Texas Capital Bank Review

1% APY

$1,000 minimum deposit

Huntington National Bank

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.

Read Bankrate's Expert Huntington National Bank Review

0.50% APY

$1,000 minimum deposit

Zions Bank

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.

Read Bankrate's Expert Zions Bank Review

0.30% APY

$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.

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.

Learn more: See Bankrate’s picks for the best high-yield savings accounts

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.
Yuliya Goldshteyn, deposits editor at Bankrate

Pros and cons of a 1-month CD

Pros

Your money isn’t locked away for long.
You earn a fixed APY during the CD’s term.
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

A one-month CD, also known as a 30-day CD, offers a fixed rate of return and can be a solid option for consumers who value safety and don’t want surprises, unlike money invested in stocks, which is subject to market volatility and possible loss of principal. Your CD is protected if it’s with an FDIC-insured bank or an NCUA credit union, which are both backed by the full faith and credit of the U.S. government.

But there are limits to the amount of insurance. Each depositor at an FDIC bank is insured up to $250,000 per depositor, insured bank, per account category. The standard share insurance amount at an NCUA credit union is $250,000 per share owner, per insured credit union, for each ownership category.
Withdrawing money prematurely from a one-month CD could result in the loss of any accrued interest and possibly a portion of the amount deposited, in the form of an early withdrawal penalty. It’s also possible to lose money if the bank holding the funds has failed and the total amount you have on account with the bank exceeds Federal Deposit Insurance Corp. (FDIC) limits or guidelines.
If you don’t want to tuck away your money for a month, here are some alternatives to consider:

Consider a savings account or money market account

A money market account or a high-yield online savings account may offer higher interest rates than a one-month CD. Additionally, you’ll be able to access your money quickly with no penalty. Money market and high-yield savings accounts, however, typically require higher balances and may restrict your access to the money.

Choose a CD with a longer term

In the past, savers who tucked their money away in longer-term CDs could snag higher interest rates. In this current rate environment, things are reversed sometimes. For example, as of July 18, 2025, the average five-year CD rate was 1.7. The average one-year CD yield on July 18, 2025 was 2.03 — higher than the five-year average.

But longer terms paying higher yields is still true when comparing one-month CDs to pretty much any other term.

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.

Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Arvest Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Morgan Stanley Private Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank

Best 1-month CD rates for July 2025

Why choose Bankrate

Bankrate’s picks for top 1-month CD rates

SchoolsFirst Federal Credit Union

Overview

Texas Capital Bank

Overview

Huntington National Bank

Overview

Zions Bank

Overview

When should you get a 1-month CD?

Pros and cons of a 1-month CD

Pros

Cons

1-month CD FAQs

How does a 1-month CD work?

Can you lose money with a 1-month CD?

What are the alternatives to 1-month CDs?

Research methodology

Banks we monitor