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Best 1-year CD rates for February 2024

Best available rates across different account types for Tuesday, February 27, 2024

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Current 1 year CD trends
Bankrate Partner average
4.97% APY
National average
1.73% APY

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Top banks offering 1-year CD rates for February 2024

Note: Annual percentage yields (APYs) shown are as of Feb. 27, 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.

Bask Bank

Bask Bank_logo
Rating: 4.4 stars out of 5
4.4

Overview

Bask Bank began offering CDs in 2022, and its four CD terms range from six months to two years. The bank also offers a savings account with a competitive APY and another savings account that earns American Airlines miles.

Bask Bank has been around since 2020 and is a division of Texas Capital Bank.
Invest Rate
5.40% APY
Loan
$1,000 minimum deposit

Popular Direct

Popular Direct_logo
Rating: 4 stars out of 5
4.0

Overview

Popular Direct offers competitive yields but is known for its high minimum balance requirements. The bank offers eight terms of CDs and a savings account. Popular Direct CDs have a $10,000 minimum deposit requirement, and the Ultimate Savings account requires a $5,000 minimum deposit. All Popular Direct deposit accounts are opened through Popular Bank.
Invest Rate
5.37% APY
Loan
$10,000 minimum deposit

First Internet Bank of Indiana

First Internet Bank of Indiana_logo
Rating: 4.6 stars out of 5
4.6

Overview

First Internet Bank of Indiana was the first FDIC-insured financial institution to operate entirely online, according to the bank’s website. It launched in 1999 and its products are available in all 50 states. First Internet Bank offers eight terms of CDs, a money market savings account with a competitive yield, a savings account with a yield higher than the national average and two checking accounts.
Invest Rate
5.36% APY
Loan
$1,000 minimum deposit

BrioDirect

BrioDirect_logo
Rating: 4.9 stars out of 5
4.9

Overview

BrioDirect is an online subsidiary of Webster Bank. Its savings account and money market account earn competitive yields.

BrioDirect also offers CDs with terms ranging from 30 days to five years, all of which require a $500 deposit to earn the disclosed APY.

The 5.35 percent APY currently offered on BrioDirect’s one-year CD is a promotional offer. You can only get this yield by opening a new account on or after Oct. 14. A promotional CD will renew at the going standard APY for a one-year CD.
Invest Rate
5.35% APY
Loan
$500 minimum deposit

Bread Savings

Bread Savings_logo
Rating: 4 stars out of 5
4.0

Overview

Bread Savings, formerly Comenity Direct, is an online bank that offers five terms of CDs ranging from one year to five years and a high-yield savings account. You’ll need at least $1,500 to open a CD at Bread Savings, but you only need $100 to open a Bread Savings high-yield savings account.  Bread Savings is part of Comenity Capital Bank, which is a unit of Bread Financial.
Invest Rate
5.35% APY
Loan
$1,500 minimum deposit

Quontic Bank

Quontic Bank_logo
Rating: 4.3 stars out of 5
4.3

Overview

Quontic Bank is an online bank that offers CDs as well as savings, money market and checking accounts.

A $500 minimum deposit is required to open a Quontic Bank CD and five terms are offered, ranging from six months to five years.
Invest Rate
5.30% APY
Loan
$500 minimum deposit

TAB Bank

TAB Bank_logo
Rating: 4.6 stars out of 5
4.6

Overview

TAB Bank was established in 1998 in Ogden, Utah, as a banking service inside truck stops. TAB (Transportation Alliance Bank) serves businesses and individual customers.

It offers several checking accounts, a couple of savings account options, a money market account and CDs in eight terms, from six months to five years.
Invest Rate
5.27% APY