Citizens - 5.50% APY: $5,000 minimum opening deposit requirement early withdrawal fee is 90 days of interest or half of the remaining interest.

Sallie Mae - 5.50% APY: $2,500 minimum opening deposit requirement early withdrawal fee is 90 days of interest.

Barclays - 5.50% APY: $0 minimum opening deposit requirement early withdrawal fee is 90 days of interest.

Lending Club - 5.55% APY: $2,500 minimum opening deposit requirement penalty may be assessed for early withdrawal.

Bask Bank - 5.60% APY: $1,000 minimum opening deposit requirement penalty may be assessed for early withdrawal.

Synchrony - 5.65% APY: This is a 14-month CD $0 minimum opening deposit requirement early withdrawal fee is 90 days of simple interest at the current rate.

CIBC Bank USA - 5.66% APY: $1,000 minimum opening deposit requirement early withdrawal fee is 30 days of interest.

Popular Direct - 5.67% APY: $10,000 minimum opening deposit requirement early withdrawal fee is 270 days of simple interest.

Limelight - 5.75% APY: $1,000 minimum opening deposit requirement early withdrawal fee is 90 days of interest.

If you're trying to find 1-year CDs with the best interest rates, it may benefit you to consider the following options:

So, which CDs offer the highest APYs in December 2023? Let's take a look.Įxplore the top CD rates you could qualify for here.ġ6 best 1-year CD rates for December 2023 That said, finding standout CD accounts can be challenging amid the wide range of choices available.

With a bit of diligence, it's even possible to find CD rates that surpass this threshold.Īnd, chances are that you can find a good CD option, no matter how much or how little you have on hand to deposit into the account. Many financial institutions, including banks and credit unions, are now enticing customers with competitive certificate of deposit (CD) rates, some exceeding the 5% mark. While the Federal Reserve's 11 rate hikes since March 2022 have caused borrowing rates to skyrocket, they have also created a favorable environment for savers. But despite these challenges, there is a silver lining: an opportunity to maximize your savings returns. After all, the impact of inflation and successive interest rate hikes by the Federal Reserve has left borrowers grappling with increased interest payments. The right 1-year CD could result in big returns on your savings.īorrowers are currently facing a challenging financial landscape, whether seeking mortgage loans, personal loans or credit cards.

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