All You Need to Know About 12 Month CD Rates

If you’re thinking of opening a certificate of deposit account, it’s good to consider one of the top 12-month CD accounts on the market. These accounts are perfect for investors who want to take advantage of short-term accounts while earning high dividends.

Once you’re sure you want to open a one-year account, it’s important to know how to search for the best on the market. Fortunately, GOBankingRates offers resources to help get you started.

How to Find the Best 12-Month CD Accounts

Financial institutions around the country offer amazing certificate of deposit deals. Among them, you will find fantastic 12-month CD accounts.

But how can you determine which is the best account for you? GOBankingRates makes the process easy by offering a comprehensive CD rate table that allows you to browse account rates in your area and other parts of the nation.

If you’ve decided that the 12-month term is perfect, you want to search for accounts that offer the highest annual percentage yields (APYs) within that term.

Also, it’s good to look at additional features, including the ability to transfer dividends earned to your savings account at no additional cost, the option to step up your interest rate one time if a higher one becomes available, or the ability to deposit a low dollar amount to open your account.

Once you’ve pinpointed one of the best 12-month CD accounts in your area, your only job is to contact the financial institution of your choice. The establishment will help you take the steps necessary to begin growing your investment over the next year.

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