Best 1 Year CD Rates for August 2026: Lock in Up to 4.
1% APY for the Next 12 Months As the Federal Reserve continues to raise interest rates to combat inflation, savers are seeking higher returns on their deposits without taking on excessive risk.
One popular option is the 1 year certificate of deposit (CD), with several banks and credit unions offering rates that have reached as high as 4. 1% APY.