Best 1-year credit union CD rates for December 2024
Best available rates across different account types for Sunday, December 08, 2024
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What To Know First
Returns on savings are higher than they’ve been in more than a decade — outside the current rate cycle. To find the best rate it pays to shop around and compare yields tied to share certificates offered by credit unions. Share certificates are credit unions’ version of banks’ certificates of deposit (CDs). They’re both designed to hold your funds for a set amount of time, and they usually pay a fixed annual percentage yield (APY).
Bankrate’s picks for the top 1-year credit union CD rates
Here are some credit unions offering today’s best widely available one-year CD rates:
- State Employees’ Credit Union: 4.65% APY, $250 minimum deposit
- Delta Community Credit Union: 4.50% APY, $1,000 minimum deposit
- Suncoast Credit Union: 4.50% APY, $500 minimum deposit
- America First Credit Union: 4.45% APY, $500 minimum deposit
- Navy Federal Credit Union: 4.30% APY, $1,000 minimum deposit
- Alliant Credit Union: 4.10% APY, $1,000 minimum deposit
- SchoolsFirst Federal Credit Union: 4.25% APY, $20,000 minimum deposit for APY
- Randolph-Brooks Federal Credit Union: 4.05% APY, $20,000 minimum deposit for APY
- VyStar Credit Union: 3.90% APY, $500 minimum deposit
- Pentagon Federal Credit Union: 3.65% APY, $1,000 minimum deposit
- First Technology Federal Credit Union: 3.60% APY, $500 minimum deposit
- Boeing Employees’ Credit Union: 3.50% APY, $500 minimum deposit
Note: Annual percentage yields (APYs) shown are as of Nov. 27. 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 in its lists only banks that are members of the Federal Deposit Insurance Corp. (FDIC) or National Credit Union Administration (NCUA) credit unions insured by the National Credit Union Share Insurance Fund (NCUSIF).
The following accounts can be found at most banks and credit unions. They’re federally insured for up to $250,000 and offer a safe place to put your money while earning interest.
CDs are best for individuals looking for a guaranteed rate of return that’s typically higher than a savings account. In exchange for a higher rate, funds are tied up for a set period of time and early withdrawal penalties may apply.
Checking accounts are best for individuals who want to keep their money safe while still having easy, day-to-day access to their funds. ATM and other transactional fees may apply.
Savings and MMAs are good options for individuals looking to save for shorter-term goals. They’re a safe way to separate your savings from everyday cash, but may require larger minimum balances and have transfer limitations.