Best 1-year CD rates of June 2026 (Up to 4.11%)

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Rates updated between May 29 and June 4

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A one-year certificate of deposit (CD) could pay more than a high-yield savings account in today’s rate environment. Bankrate's top offer on a one-year CD is currently 4.11 percent from Popular Direct. When selecting the best CD for you, consider the purpose of the money and when you’ll need access to these funds to help you avoid early withdrawal penalties.

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See how we pick our picks: Read our best 1-year CD rates research methodology

Table of contents

Top banks offering 1-year CDs
How the Fed's latest decision affects 1-year CD rates
How to find the best 1-year CD for you
Pros and cons of 1-year CDs
Other short-term savings options
Research methodology

Top 1-year CD rates for June 2026

Note: APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC-insured banks or NCUA-insured credit unions in its editorial listings.

Read review

Popular Direct

3.5 Bankrate CD score

Annual percentage yield

4.11%
Min. deposit to open

$10,000
Term

1 year

Why Popular Direct?

Popular Direct offers competitive yields but is known for its high minimum balance requirements. You’ll need $10,000 to open one of Popular Direct’s CDs. If you do have the cash though, Popular Direct could be a good choice. Many of the bank’s eight CD terms, from three months to five years, have strong APYs.

Term	APY	Min. deposit
3 months	3.90% APY	$10,000
6 months	4.10% APY	$10,000
1 year	4.11% APY	$10,000
18 months	3.90% APY	$10,000
3 years	3.85% APY	$10,000
4 years	3.30% APY	$10,000
5 years	3.30% APY	$10,000

Read review

E*TRADE

4.5 Bankrate CD score

Annual percentage yield

4.10%
Min. deposit to open

$0
Term

1 year

Why E*TRADE?

E*TRADE from Morgan Stanley offers CDs in terms from six months to five years, all of which earn competitive rates. These CDs have no minimum deposit requirement, making them accessible to most savers. You can also earn a competitive yield with the bank’s high-yield savings account.

Term APY Min. deposit

6 months 4.05% APY No minimum

1 year 4.10% APY No minimum

2 years 4.00% APY No minimum

3 years 4.00% APY No minimum

5 years 4.10% APY No minimum

Term	APY	Min. deposit
6 months	4.05% APY	No minimum
1 year	4.10% APY	No minimum
2 years	4.00% APY	No minimum
3 years	4.00% APY	No minimum
5 years	4.10% APY	No minimum

Read review

Live Oak Bank

3.8 Bankrate CD score

Annual percentage yield

4.10%
Min. deposit to open

$2,500
Term

1 year

Why Live Oak Bank?

Live Oak Bank offers nine terms of CDs, from three months to five years. Some of the shorter terms, like its one-year CD, have competitive rates. All CDs have a $2,500 minimum deposit requirement. Live Oak Bank also offers an online savings account, which doesn’t have a minimum balance requirement and pays a great rate.

Term	APY	Min. deposit
3 months	3.90% APY	$10,000
6 months	4.10% APY	$10,000
1 year	4.11% APY	$10,000
18 months	3.90% APY	$10,000
3 years	3.85% APY	$10,000
4 years	3.30% APY	$10,000
5 years	3.30% APY	$10,000

Term	APY	Min. deposit
3 months	3.00% APY	$2,500
6 months	3.90% APY	$2,500
1 year	4.10% APY	$2,500
18 months	3.90% APY	$2,500
2 years	2.00% APY	$2,500
3 years	2.00% APY	$2,500
4 years	2.00% APY	$2,500
5 years	2.00% APY	$2,500

Read review

Limelight Bank

4.1 Bankrate CD score

Annual percentage yield

4.03%
Min. deposit to open

$1,000
Term

1 year

Why Limelight Bank?

Limelight Bank is an online-only bank that's a division of Capital Community Bank. In addition to its high-yielding one-year CD, Limelight offers five other CD terms between six months and five years, all with above-average APYs. You'll need a minimum deposit of $1,000 to open a CD. Limelight also offers a high-yield savings account with a $100 minimum deposit requirement.

Term	APY	Min. deposit
3 months	3.90% APY	$10,000
6 months	4.10% APY	$10,000
1 year	4.11% APY	$10,000
18 months	3.90% APY	$10,000
3 years	3.85% APY	$10,000
4 years	3.30% APY	$10,000
5 years	3.30% APY	$10,000

Term	APY	Min. deposit
6 months	4.08% APY	$1,000
1 year	4.03% APY	$1,000
18 months	3.90% APY	$1,000
2 years	3.80% APY	$1,000
3 years	3.65% APY	$1,000
5 years	3.30% APY	$1,000

Read review

BTG Pactual Bank

4.1 Bankrate CD score

Annual percentage yield

4.00%
Min. deposit to open

$500
Term

1 year

Why BTG Pactual Bank?

BTG Pactual (which acquired M.Y. Safra Bank) offers standard CD terms from three months to five years, all with competitive APYs. They require a relatively low minimum opening deposit of $500. The bank also offers a competitive 13-month no-penalty CD.

Term	APY	Min. deposit
3 months	3.90% APY	$10,000
6 months	4.10% APY	$10,000
1 year	4.11% APY	$10,000
18 months	3.90% APY	$10,000
3 years	3.85% APY	$10,000
4 years	3.30% APY	$10,000
5 years	3.30% APY	$10,000

Term	APY	Min. deposit
3 months	3.35% APY	$500
6 months	3.85% APY	$500
9 months	4.00% APY	$500
1 year	4.00% APY	$500
18 months	4.09% APY	$500
2 years	4.16% APY	$500
3 years	4.13% APY	$500
4 years	4.13% APY	$500
5 years	4.15% APY	$500

Read review

CIBC Bank USA

3.7 Bankrate CD score

Annual percentage yield

4.00%
Min. deposit to open

$1,000
Term

1 year

Why CIBC Bank USA?

CIBC Bank USA offers seven online CDs called Agility CDs, with competitive rates on shorter terms of 18-months or less and relatively strong APYs on the others. The minimum deposit is $1,000, which is fairly standard. But where CIBC really stands out is in its early withdrawal penalty. It’s one of the lowest ones around. If you withdraw funds from a CIBC CD early, you’ll only pay a penalty of 30 days worth of interest.

Term	APY	Min. deposit
3 months	3.90% APY	$10,000
6 months	4.10% APY	$10,000
1 year	4.11% APY	$10,000
18 months	3.90% APY	$10,000
3 years	3.85% APY	$10,000
4 years	3.30% APY	$10,000
5 years	3.30% APY	$10,000

Term	APY	Min. deposit
6 months	3.56% APY	$1,000
9 months	3.90% APY	$1,000
1 year	4.00% APY	$1,000
13 months	4.00% APY	$1,000
18 months	4.15% APY	$1,000
2 years	3.00% APY	$1,000
30 months	3.00% APY	$1,000

Read review

Texas Capital Bank

3.7 Bankrate CD score

Annual percentage yield

4.00%
Min. deposit to open

$1,000
Term

1 year

Why Texas Capital Bank?

Texas Capital Bank has a few CD terms with highly competitive APYs, including its one-year CD. All the CDs require a fairly standard minimum deposit of $1,000. But the terms only range from one month to two years, so you'll have to look elsewhere for longer-term CDs.

Term	APY	Min. deposit
3 months	3.90% APY	$10,000
6 months	4.10% APY	$10,000
1 year	4.11% APY	$10,000
18 months	3.90% APY	$10,000
3 years	3.85% APY	$10,000
4 years	3.30% APY	$10,000
5 years	3.30% APY	$10,000

Term	APY	Min. deposit
1 month	1.00% APY	$1,000
3 months	3.80% APY	$1,000
6 months	3.80% APY	$1,000
1 year	4.00% APY	$1,000
18 months	3.70% APY	$1,000
2 years	3.60% APY	$1,000
3 years	1.00% APY	$1,000
4 years	1.00% APY	$1,000
5 years	0.50% APY	$1,000

Read review

Bread Savings

4.1 Bankrate CD score

Annual percentage yield

4.00%
Min. deposit to open

$1,500
Term

1 year

Why Bread Savings?

Bread Savings is an online bank that offers nine terms of CDs ranging from three months to five years. You’ll find competitive rates on all the terms, making it a good spot for a CD ladder. But you’ll need at least $1,500 to open a CD here.

Term	APY	Min. deposit
3 months	3.90% APY	$10,000
6 months	4.10% APY	$10,000
1 year	4.11% APY	$10,000
18 months	3.90% APY	$10,000
3 years	3.85% APY	$10,000
4 years	3.30% APY	$10,000
5 years	3.30% APY	$10,000

Term	APY	Min. deposit
3 months	3.80% APY	$1,500
6 months	4.00% APY	$1,500
9 months	4.15% APY	$1,500
1 year	4.00% APY	$1,500
18 months	4.00% APY	$1,500
2 years	4.00% APY	$1,500
3 years	4.00% APY	$1,500
4 years	4.00% APY	$1,500
5 years	4.00% APY	$1,500

Read review

Colorado Federal Savings Bank

4.2 Bankrate CD score

Annual percentage yield

4.00%
Min. deposit to open

$5,000
Term

1 year

Why Colorado Federal Savings Bank?

Colorado Federal Savings Bank generally has competitive rates on its CDs, which range from three months to five years. The minimum deposit is fairly steep compared to other banks on this list. The bank also offers a strong rate for its no-penalty CD.

Term	APY	Min. deposit
3 months	3.90% APY	$10,000
6 months	4.10% APY	$10,000
1 year	4.11% APY	$10,000
18 months	3.90% APY	$10,000
3 years	3.85% APY	$10,000
4 years	3.30% APY	$10,000
5 years	3.30% APY	$10,000

Term	APY	Min. deposit
3 months	3.50% APY	$5,000
6 months	3.90% APY	$5,000
1 year	4.00% APY	$5,000
18 months	3.85% APY	$5,000
2 years	3.80% APY	$5,000
3 years	3.75% APY	$5,000
5 years	3.60% APY	$5,000

How the Fed’s latest decision affects 1-year CD rates

The Federal Reserve left rates unchanged at its most recent meeting, holding its benchmark federal funds rate at 3.50-3.75%. This decision came after leaving rates steady for each meeting so far in 2026, but also after three consecutive rate cuts in September, October and December 2025.

But while the Fed fund rate is steady, the Consumer Price Index (CPI; a common and closely followed gauge of inflation) leaped to 3.8% on an annual basis for April (compared to 3.3% for March and 2.4% for February). This means it’s not as easy to outpace inflation with your CD, even with a top rate. And if your CD isn’t earning an APY higher than inflation, you are losing some purchasing power.

But that alone shouldn’t dissuade you from opening a CD if it works for your financial goals and life. Chasing a rate of return that beats inflation can often come with risk to your principal. If you invest in the stock market instead of a CD, for example, you could potentially lose a large percentage of your funds. But in a CD, your money would be safe (and still growing).

How to find the best 1-year CD for you

To find the best one-year CD for you, shop around for a high yield. As of June 05, 2026, the national average APY for one-year CDs is 1.98%, which is significantly lower than the top yields.

Also, make sure the CD you choose is with a federally insured institution and that your deposits are within the stated insurance limits and guidelines. Banks can be insured through the Federal Deposit Insurance Corp. (FDIC), while credit unions can be insured through the National Credit Union Administration (NCUA).

In addition to a high yield and federal insurance, consider these factors when looking for a one-year CD:

Minimum deposit requirements: There are online banks that have no minimum deposit requirements to open a CD, and others that might require $10,000 or more. Find a minimum that works for you.
Early withdrawal penalties: Though ideally you only put money in a CD that you can afford to sock away for the length of the term, you might find yourself needing to pull money out early. Familiarize yourself with the early withdrawal penalties for your CD term — they vary bank by bank and term by term.

Is a one-year CD worth it?

Expert Insight

At the risk of sounding like a personal finance cliche: Whether a one-year CD is worth it depends on you and your personal finance situation.

For example, if you have money saved for a vacation next year and want it to grow at a fixed rate where you can’t touch it until it’s time to take the trip, stashing it in a 1-year CD might be a good choice.

Or let's say you have some money sitting in a high-yield savings account (money that isn't part of your emergency fund) and want to see if a CD investment could be more worthwhile. Do the math first.

Depending on how much you have to invest and the going APY, you might end up with only $5 more at the end of a one-year CD than you would in your savings and that might not be worth the hassle of opening a CD, having to keep track of its maturity date or potentially having to pull out the money early and paying the penalty.

Yuliya Goldshteyn

Editor, Deposits

Pros and cons of 1-year CDs

Pros

Your money is protected with insurance if you are banking with an FDIC bank or an NCUA credit union, as long as you’re within the stated limits and guidelines.
You know exactly how much interest you’ll earn since generally CDs have fixed APYs — as long as you don’t withdraw funds from the CD before its term ends.
Knowing that there’s an early withdrawal penalty can help keep you from withdrawing this money early if you don’t need to.

Cons

You can probably earn more through other investments. But you might also lose money from those investments since they probably don’t have a guaranteed, fixed yield.
CDs have early withdrawal penalties. So if you unexpectedly need this money, you could lose interest — and even potentially some principal.

Other short-term savings options

18-month CDs

You may find higher rates on this slightly longer term. Plus, the longer you leave your money in, the more interest it’ll earn.

6-month CDs

If one year feels like too long to be separated from your savings, consider a 6-month CD instead. You can always renew it if the rates are still worthwhile when it matures.

High-yield savings accounts

A high-yield savings account could be an excellent alternative to a one-year CD if the rates are about the same and you want easy access to your money.

Money market accounts

A money market account might give you a similar rate to a one-year CD and it’ll also likely give you multiple ways to access your cash.

Meet the Bankrate Experts

Written by

Matthew Goldberg Matthew Goldberg

Former Senior Consumer Banking Reporter

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-year CD rates, we regularly survey one-year CD offerings from the banks and credit unions that continually offer the most competitive rates.

The banks and credit unions on this page are selected based on their current APY for a one-year CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about how we choose the best banking products and our methodology for reviewing banks.

Alliant Credit Union, Ally Bank, Alto, America First Credit Union, American Express National Bank, Axos Bank, Banesco USA, Bank of America, Bank5 Connect, BankUnited Direct, Barclays Bank, Bask Bank, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, BTG Pactual, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Connexus Credit Union, Credit One Bank, Customers Bank, Discover Bank, E*TRADE from Morgan Stanley, Emigrant Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Golden 1 Credit Union, Huntington National Bank, Jenius Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Limelight Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Quontic Bank, Quorum Federal Credit Union, Regions Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank

Note: Bankrate doesn’t include callable CDs or brokered CDs on this page and compares regular CDs and no-penalty CDs separately.

Best 1-year CD rates of June 2026 (Up to 4.11%)

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How Bankrate works

Compare rates

Choose an account

Continue to the bank

Top 1-year CD rates for June 2026

Popular Direct

Annual percentage yield

Min. deposit to open

Term

Why Popular Direct?

Current Popular Direct CD Rates

E*TRADE

Annual percentage yield

Min. deposit to open

Term

Why E*TRADE?

Current E*TRADE CD Rates

Live Oak Bank

Annual percentage yield

Min. deposit to open

Term

Why Live Oak Bank?

Current Live Oak Bank CD Rates

Limelight Bank

Annual percentage yield

Min. deposit to open

Term

Why Limelight Bank?

Current Limelight Bank CD Rates

BTG Pactual Bank

Annual percentage yield

Min. deposit to open

Term

Why BTG Pactual Bank?

Current BTG Pactual Bank CD Rates

CIBC Bank USA

Annual percentage yield

Min. deposit to open

Term

Why CIBC Bank USA?

Current CIBC Bank USA CD Rates

Texas Capital Bank

Annual percentage yield

Min. deposit to open

Term

Why Texas Capital Bank?

Current Texas Capital Bank CD Rates

Bread Savings

Annual percentage yield

Min. deposit to open

Term

Why Bread Savings?

Current Bread Savings CD Rates

Colorado Federal Savings Bank

Annual percentage yield

Min. deposit to open

Term

Why Colorado Federal Savings Bank?

Current Colorado Federal Savings Bank CD Rates

How the Fed’s latest decision affects 1-year CD rates

How to find the best 1-year CD for you

Is a one-year CD worth it?

Expert Insight

Pros and cons of 1-year CDs

Pros

Cons

Other short-term savings options

Meet the Bankrate Experts

Research methodology

Banks we monitor