4.25% APY
1 year
N/A
$500
Abound Credit Union stands out as the top choice because it offers a competitive 4.25% APY on its 1-year CD with a low minimum deposit of just $500. This combination of high yield and accessibility makes it an attractive option for savers.
Pros:
- Competitive APY
- Low minimum deposit
Cons:
- Early withdrawal penalty
2.TAB Bank
4.00% APY
1 year
N/A
$1,000
What sets TAB Bank apart is its daily compounding interest feature, which can enhance overall returns on the 4.00% APY offered for its 1-year CD. This makes it a solid choice for those looking to maximize their interest earnings.
Pros:
- Daily interest compounding
- Standard competitive rate
Cons:
- Higher minimum deposit
4.15% APY
1 year
N/A
$500
BTG Pactual shines for its appealing 4.15% APY on a 1-year CD with a low minimum deposit of $500, making it accessible for a wide range of savers. This straightforward offering is ideal for those seeking a reliable investment without complex terms.
Pros:
- Low minimum deposit
- Attractive APY
Cons:
- Standard offering, no promotional rate
4.17% APY
1 year
N/A
$10,000
A key differentiator for Popular Direct is its competitive 4.17% APY, which positions it well among top offerings. However, the higher minimum deposit of $10,000 may limit accessibility for some savers.
Pros:
- Competitive APY
- Strong market position
Cons:
- High minimum deposit
- Longer early withdrawal penalty
Did you know?
One-year certificate of deposit (CD) terms balance yield with flexibility. Compare APY, minimum deposits, and early withdrawal penalties before you lock cash for twelve months.
Final Words
In summary, this August 2026, several financial institutions offer competitive 1-year CD rates, with Abound Credit Union leading at 4.25% APY, alongside other notable providers. As you consider your options, be sure to compare rates, terms, and penalties to find the best fit for your savings strategy.
Frequently Asked Questions
The best 1-year CD rates in August 2026 include Abound Credit Union offering a 4.25% APY, TAB Bank at 4.00% APY, and BTG Pactual at 4.15% APY.
The minimum deposit required for a 1-year CD at Abound Credit Union is $500.
TAB Bank offers a 1-year CD at a 4.00% APY, which is lower than Abound Credit Union's 4.25% APY but higher than some other options.
The early withdrawal penalty for a 1-year CD at Abound Credit Union is three months of interest.
Investing in a 1-year CD typically offers a fixed interest rate, less risk compared to stocks, and allows you to earn interest over a set period.
Yes, you can withdraw funds from a 1-year CD before the term ends, but an early withdrawal penalty may apply, depending on the provider's policies.
Yes, 1-year CDs are typically insured by the FDIC (for banks) or NCUA (for credit unions) up to $250,000 per depositor, providing a safety net for your investment.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| Connexus Credit Union | 4.30% APY | 17 months | $5,000 | Learn more |
| NASA Federal Credit Union | 4.28% APY | 5 years | $1,000 | Learn more |
| Abound Credit Union | 4.25% APY | 1 year | $500 | Learn more |
| Vibrant Credit Union | 4.25% APY | 6 months | $5 | Learn more |
| TAB Bank | 4.20% APY | 60 months | $1,000 | Learn more |
| United Fidelity Bank, fsb | 4.20% APY | 5 years | $1,000 | Learn more |
| Sallie Mae Bank | 4.20% APY | 5 years | $2,500 | Learn more |
| Popular Direct | 4.17% APY | 1 year | $10,000 | Learn more |
| BTG Pactual | 4.15% APY | 1 year | $500 | Learn more |
| Bread Savings | 4.00% APY | 6 months | $1,500 | Learn more |
| CommunityWide Federal Credit Union | 4.00% APY | 6 months | $1,000 | Learn more |
| SF Fire Credit Union | 4.00% APY | 7 months | $250 | Learn more |
| Marcus by Goldman Sachs | 3.80% APY | 5 years | $500 | Learn more |
| First Internet Bank of Indiana | 3.76% APY | 6 months | $1,000 | Learn more |
| Synchrony Bank | 3.75% APY | 5 years | $0 | Learn more |
| Big Horn Federal Savings Bank | 3.691% APY | 5 years | $500 | Learn more |
| AbleBanking | 3.50% APY | 6 months | $5,000 | Learn more |
| Farmers and Merchants Bank | 3.50% APY | 12 months | $1,000 | Learn more |
