12 Month Bank CD Rates

12 month bank certificate of deposit rates are averaging just above 1.00 percent right now. You can find 12 month CD rates a lot higher than the current average rates available these days.

ING Direct is offering a 12 month CD yield of 2.10 percent. Other national banks are offer similar competitive certificate of deposit yields. Here are some of the highest CD rates available today.

Another 12 month CD yield that is just above 2.00 percent is the Bank of Internet’s CD which currently has an annual percentage yield of 2.02 percent. Bank of Internet offers some of the best CD rates and yields available.

Ally Bank, formerly GMAC Bank, is offering an annual percentage yield of 2.00 percent for a one year certificate of deposit. Five other banks offering 2.00 percent APY for a one year CD, including First Central Savings Bank, Broadway National Bank, American Community Bank, Eastbank and Discover Bank.

AIG’s one year Bank CD rate is just under 2.00 percent, the APY is 1.91 percent. Nationwide Bank is next on the list with a 1.90 APY. Giantbank.com is offering a one year CD yield of 1.86 percent and HSBC Bank’s one year interest rate is 1.85 percent.

CD rates are expected to increase in the coming year as the economy recovers and the recession is over. The Federal Reserve Bank will be prepared to raise interest rates when the treat of inflation returns. That being said, we recommend you stick to shorter term certificate of deposits so you’re in a position to take advantage of rising CD rates.