12 Month Cd Rates
The best 12-month CD rates are typically found through online banks and credit unions. Online banks have less overhead costs compared to traditional brick and mortar banks. You can always decide to withdraw your money early. However, like with any CD account, there is a penalty for withdrawal prior to the end of your CD term. For 12 month CD accounts (or less), the penalty for withdrawing early is 3 months of interest. For CD accounts longer than 12 months, the penalty for withdrawing early is 6 months of interest. Here are the Best CD Interest Rates for February 2021. 5 year: Navy Federal Credit Union, APY: 1.01%, $1,000 Min. Deposit; 5 year: Suncoast Credit Union, APY: 0.95%, $500 Min.
Quick Links
About this Account:
A safe, guaranteed return on your investment makes our CDs a great option to help you save for the future.
- Variable opening amounts
- Interest Rate: Based on term – Click here to call for current rates.
- Interest Paid: At maturity on less than 12 months term; quarterly for terms of 12 months or more.
- Penalties: Early withdrawal penalty if withdrawn before maturity. The following penalties apply if the certificate is redeemed prior to maturity:
- Terms of 7 to 31 days: the greater of the actual interest earned or 15 days interest.
- Terms of 32 days to 12 months: one month of interest.
- Terms greater than 12 months but less than 36 months: three months interest.
- Terms of 36 months or more: six months interest.
12 Month Cd Rates
Digital Wallet
Send and Receive Money Securely
Learn MoreCB2GO
12 Month Cd Rates Highest
Mobile App