Best 12-Month CD Rates for July 2026
APY rates for 12-month CDs reach up to 4.15%.
1Rise in CD Rates
As of July 2026, APY rates for 12-month CDs have risen to 4.15%. These rates are well above the national average, according to FDIC data. Despite major banks lowering savings account rates, CD rates continue to climb.
2Overview of the Best CD Rates
American First Credit Union offers the highest rate at 4.15% APY with just a $1 minimum deposit. Credit One Bank provides a jumbo CD at 4.15% APY but requires a $100,000 minimum deposit. Rising Bank and Live Oak Bank also offer similarly high rates.
3How 12-Month CDs Work
12-month CDs offer a fixed interest rate in exchange for keeping your money deposited for one year. Early withdrawals typically incur a penalty of 90 days' interest. These products are ideal for investors seeking short-term, guaranteed returns.
4What to Know Before Opening a CD
CDs operate differently from savings accounts. It's important to understand minimum deposits, withdrawal terms, and auto-renewal policies. FDIC or NCUA insurance protects up to $250,000 per institution, making CDs a safe investment option.
5How Rates Are Tracked
The College Investor team reviews CD rates daily from over 30 banks and credit unions nationwide. APY rates are verified through official disclosures and regulatory filings. Rankings are based solely on yield, accessibility, and customer experience.
6Is Now the Right Time for CD Investment?
Rates are near their cyclical highs. Opening a short-term CD before potential rate cuts could be wise. CDs are particularly ideal for short-term goals like education, weddings, or home down payments.
Original article: The College Investor — 2026 Temmuz Ayı İçin En İyi 12 Aylık CD Oranları