9 Best 1-Year CD Rates Today: November 2025 — Earn Up to 4.10% APY 

SelectStock / iStock/Getty Images

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

A one-year CD might be the perfect place to stash your savings. Although the funds will be locked up for a full year, you will have the chance to earn a worthwhile amount of interest on your savings.

After the recent rate cut from the Federal Reserve, interest rates on one-year CDs are averaging 1.68% as of Oct. 20, 2025. However, the best one-year CD rate is APY, which you can find at Home Savings Bank.

Today’s Best 1-Year CD Rates

Here is a glance at some of the best one-year CD rates:

Home Savings Bank

• APY
• Minimum balance: $10,000
• Early withdrawal penalty: Three months’ worth of interest

Home Savings Bank offers CD terms with very competitive rates ranging between six months and up to 60 months. The minimum opening balance is fairly high, though, but it is one of the highest available APY rates now for a one-year CD option.

Pros

• Competitive APY rate
• Fully online banking
• Utah-based, but online banking available

Cons

• High minimum balance required to open

Capital One

• APY
• Account minimum: None
• Early withdrawal penalty: Three months’ worth of interest

Capital One 360 CD accounts offer terms ranging from six to 60 months. The lack of a minimum deposit requirement is especially enticing for depositors who want to start small. You can start building your savings through a CD even if you don’t have thousands of dollars to tuck into it. 

Pros

• High interest rate
• No minimum opening deposit
• Lenient early withdrawal penalty
• Network of physical locations

Cons

• Compounded monthly, while some banks compound daily

Discover Bank

• APY
• Account minimum: None
• Early withdrawal penalty: Six months of simple interest

Discover Bank offers CD accounts with terms that range from three months to 10 years. But the higher rates are reserved for CDs with terms that range from 12 to 18 months. 

Pros 

• High interest rate
• No minimum opening deposit
• Well-rated mobile app
• Interest is compounded daily

Cons

• No physical branches to open an account
• Other banks have lower early withdrawal penalties for term

Live Oak Bank

• APY
• Account minimum: $2,500
• Early withdrawal penalty: 90 days of simple interest

Live Oak Bank offers nine different CD term lengths ranging from three months to five years. The highest APY available is tied to the 12-month CD option. You’ll need to deposit $2,500 to open a CD through Live Oak Bank. There is a maximum of $250,000 per account. Once you open the CD, you can let your interest accrue or have it disbursed monthly.

Pros

• Good interest rate
• Lenient early withdrawal penalty

Cons

• No physical locations
• High minimum opening deposit

Sallie Mae Bank

• APY
• Account minimum: $2,500
• Early withdrawal penalty: Equal to 90 days of simple interest

Sallie Mae Bank offers a 12-month CD that pays APY. You’ll need at least $2,500 to open this account, which is the highest minimum deposit amount on this list. The early deposit penalty is decent, though.

Pros

• Good interest rate
• Lenient early withdrawal penalty 

Cons

• High minimum opening deposit
• No physical locations

Synchrony Bank

• APY
• Account minimum: None
• Early withdrawal penalty: 90 days of simple interest

Synchrony Bank offers a 12-month CD that pays APY. You don’t have to make a minimum deposit to qualify for this above-average interest rate.

Pros

• Good interest rate
• Lenient early withdrawal penalty 
• No minimum opening deposit

Cons

• No physical locations

Bask Bank

• APY
• Account minimum: $1,000
• Early withdrawal penalty: 90 days of interest

Bask Bank offers six CD term lengths that range from three to 24 months. Its account minimum is decent, although not the lowest, and its early withdrawal penalties are manageable — it’s a good middle-of-the-road option.

Pros

• High interest rate
• Lenient early withdrawal penalties
• Compounded daily

Cons

• Other banks have a lower minimum opening deposit, but it’s not the highest on the list
• No physical locations

First Internet Bank

• APY
• Account minimum: $1,000
• Early withdrawal penalty: 180 days’ interest

First Internet Bank offers a 12-month CD at APY. The bank offers CD term lengths ranging from three months to 60 months. But one of the highest APYs offered is its 12-month CD option. If you want to work with this bank, you’ll need to be comfortable opening your CD online. However, make sure you won’t need access to your funds — the early withdrawal penalty is higher than some others on this list.

Pros

• Good interest rate

Cons

• Steep early withdrawal penalty
• Other banks may have a lower minimum opening deposit
• No physical locations

Barclays Bank

• APY
• Account minimum: None
• Early withdrawal penalty: 90 days of interest

Barclays Bank offers a 12-month CD with a APY. If you open an account, you won’t need a minimum deposit, but you must transfer the funds into the account within 14 days.

Pros

• Good interest rate
• Lenient early withdrawal penalty
• No minimum opening deposit

Cons

• No physical locations

How Much Can You Earn on a 1-Year CD Right Now?

Your potential earnings for a one-year CD can be calculated if you know how much money you will initially deposit. This chart calculates how much you can earn on a one-year CD earning 4.00% APY with various deposit amounts: 

One-Year CD Rate Movement Tracker

This chart shows how national average rates for one-year CDs fluctuated in 2025, using data from the FDIC.

Are 1-Year CD Rates Going Up or Down?

The one-year CD rate has slightly declined in 2025, and will likely continue to see drops in the future. That said, there have been some fluctuations, likely due to economic uncertainty.

CD rates go up or down because they are affected by the Federal Reserve’s decisions. CD rates rise when the Fed raises rates, and decline when the Fed starts cutting rates. 

CD rates were very low during the COVID-19 pandemic, but rose significantly in 2022 and 2023 as the Fed raised rates to address inflation. When you look at historical CD rates, some banks even paid up to 5% APY for CDs during this time.

The Fed has been working toward lowering inflation to 2% while maintaining maximum employment and stable prices. In 2024 and 2025, the federal funds rate has been maintained for long periods of time, with interspersed rate cuts based on analysis of economic conditions.

Should You Open a 1-Year CD Today?

The best 1-year CD rates are likely to decline as overall interest rates decline, so now is a good time to lock in a rate. 

A 12-month CD is a great solution for savers who want to lock in a relatively high rate for the short term. If you are confident you won’t need access to the funds, then a one-year CD could be the right choice. 

But if you might need access to the funds, then the inflexible nature of a CD might make it a less-than-ideal choice for your situation. If you prefer more flexibility than a CD can offer, consider a high-yield savings account, a money market account or a T-bill instead. One option is to withhold your emergency fund in an accessible savings account and pour extra savings into a CD to tap into higher rates.

Compare CD Rates

• Best 3-Month CD Rates
• Best 6-Month CD Rates
• Best 1-Year CD Rates
• Best 5-Year CD Rates
• Best No-Penalty CD Rates
• Best Jumbo CD Rates
• Best No-Penalty CD Rates
• Best CDs With No Minimum Deposit Requirement
• Best CD Accounts

Melanie Grafil, Daria Uhlig, Karen Doyle, Sarah Sharkey and Cynthia Measom contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Nov. 14, 2025.

*Capital One interest rates accurate as of Nov. 14, 2025. See website for all current rates.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

GOBankingRates is a personal finance and consumer interest rate website and an online marketing company serving top-tier banks, credit unions and other financial services organizations. Some companies mentioned in this article might be clients of GOBankingRates, which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by the companies included in the article. All fees and rates are subject to change at the issuers’ discretion. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met to obtain the interest rates listed. Rates and availability might vary by region. Verify terms and conditions before opening an account.

GOBankingRates bases its assessment of “best” and “top” products on the above-stated parameters to create a baseline for comparison. This assessment is an approximation of “best” and “top” designed to help consumers find products that might be appropriate for them. There could be other options available as well. Consumers should consider various options appropriate for their circumstances.

Share This Article: