4.05% APY
1 year
N/A
$10,000
Popular Direct stands out as the top choice because it offers a highly competitive 4.05% APY on its 1-year CD, making it an attractive option for savers looking to maximize their returns. The requirement of a $10,000 minimum deposit may be steep for some, but the strong yield justifies the investment.
Pros:
- Highly competitive APY
- FDIC-insured
Cons:
- High minimum deposit required
3.95% APY
1 year
N/A
$1,000
What sets First National Bank of America apart is its accessibility with a low minimum deposit of $1,000, allowing more savers to take advantage of their 3.95% APY on a 1-year CD. This makes it a solid choice for those looking to invest without a large upfront commitment.
Pros:
- Low minimum deposit
- Competitive APY
Cons:
- Lower rate compared to top competitors
1.50% APY
1 year
N/A
$2,500
Wells Fargo shines for its established reputation and customer service, offering a 1.50% APY on its 1-year Fixed Rate CD. While the rate may not be as competitive as those from online banks, the bank's reliability and accessibility make it a viable option for traditional banking customers.
Pros:
- Established bank with a strong reputation
- No monthly service fees
Cons:
- Lower APY compared to online banks
- Higher minimum deposit than some competitors
0.03% APY
1 year
N/A
$1,000
Bank of America offers a standard 1-year CD with a notably low APY of 0.03%, which is significantly below the market average. While the bank provides flexibility and a familiar banking experience, savers seeking higher returns may want to explore other options.
Pros:
- Flexible CD options available
- Established bank
Cons:
- Very low APY
- Higher rates available elsewhere
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 conclusion, as you explore the best 1-year CD rates in the U.S. this June 2026, consider top providers like Popular Direct, Ally Bank, Marcus by Goldman Sachs, and Discover Bank, each offering competitive yields and terms. Remember to compare rates and terms carefully to maximize your investment potential.
Frequently Asked Questions
The best 1-year CD rates in June 2026 include Popular Direct at 4.05% APY, First National Bank of America at 3.95% APY, and Wells Fargo at 1.50% APY.
To open a 1-year CD with Popular Direct, a minimum deposit of $10,000 is required.
First National Bank of America offers an APY of 3.95% for their 1-year CD.
Wells Fargo requires a minimum deposit of $2,500 to open a 1-year CD.
A Certificate of Deposit (CD) is a savings product offered by banks that allows you to deposit money for a fixed term at a fixed interest rate.
Yes, most CDs impose penalties for early withdrawal, which can vary by institution and specific account terms.
CD rates can fluctuate based on broader economic conditions, such as changes in interest rates set by the Federal Reserve.
When choosing a CD provider, consider the APY offered, the minimum deposit requirement, early withdrawal penalties, and the bank's reputation for customer service.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| First National Bank of America | 4.30% APY | 5 years | $1,000 | Learn more |
| Connexus Credit Union | 4.30% APY | 17 months | $5,000 | Learn more |
| NASA Federal Credit Union | 4.20% APY | 49 months | $10,000 | Learn more |
| Climate First Bank | 4.07% APY | 6 months | $500 | Learn more |
| Popular Direct | 4.05% APY | 1 year | $10,000 | Learn more |
| OMB Bank | 4.05% APY | 3 months | $1,000 | Learn more |
| Sallie Mae Bank | 4.00% APY | 5 years | $2,500 | Learn more |
| Newtek Bank | 4.00% APY | 6 months | $2,500 | Learn more |
| LendingClub | 3.40% APY | 5 years | $500 | Learn more |
| Wells Fargo | 1.50% APY | 1 year | $2,500 | Learn more |
| Bank of America | 0.03% APY | 1 year | $1,000 | Learn more |
