# Best 12-Month CD Rates for July 2026 APY rates for 12-month CDs reach up to 4.15%. - **Source:** [The College Investor](https://brifing.si/source/d431d77d-492e-4105-be7c-2525bbb643ab) - **Published:** 2026-07-23 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/e6bc281c-f38b-43b6-8c89-978bcc698eae ## Rise 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. ## Overview 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. ## How 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. ## What 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. ## How 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. ## Is 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. ## Sources covering this story - https://thecollegeinvestor.com/84915/best-12-month-cd-rates-for-july-22-2026/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._