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Best 12 Month CD Rates Today: Top Annual Interest Certificates for 2025

When it comes to securing your savings with a low-risk investment, 12-month CDs are an excellent option. These financial instruments offer a fixed interest rate over a one-year period, making them ideal for individuals who want to earn more than a traditional savings account without committing to a long-term investment. The best 12-month CD rates today are offered by reputable banks and credit unions, each with unique terms and conditions. Understanding these details is crucial to selecting the right CD for your needs.

One of the primary benefits of a 12-month CD is the predictability it offers. Unlike variable-rate investments, a CD guarantees a fixed return, shielding you from market volatility. Additionally, CDs are FDIC-insured, meaning your investment is protected up to $250,000 per depositor, per institution. This safety net makes CDs an attractive option for conservative investors or those looking to diversify their portfolio with a secure asset.

Factors to Consider When Choosing a 12-Month CD

Before selecting a CD, it’s essential to evaluate several factors to ensure you’re getting the best deal. Here are the key considerations:

Annual Percentage Yield (APY): The APY reflects the total interest you’ll earn over a year, including compounding. Higher APYs mean better returns.
Minimum Deposit Requirements: Some CDs require a substantial initial deposit, while others are more accessible with lower minimums.
Early Withdrawal Penalties: Withdrawing funds before the CD matures can result in penalties, which may negate your earnings.
Renewal Terms: Understand whether your CD will automatically renew and at what rate if you don’t take action at maturity.

Top Financial Institutions Offering 12-Month CDs

Below is a comparison table of the best 12-month CD rates available today from leading banks and credit unions. This table provides a quick overview of APYs, minimum deposits, and other relevant details to help you compare options easily.

Institution	APY	Minimum Deposit	Early Withdrawal Penalty
Ally Bank	4.25%	$0	60 days of interest
Marcus by Goldman Sachs	4.20%	$500	90 days of interest
Synchrony Bank	4.15%	$2,000	90 days of interest
Discover Bank	4.10%	$2,500	90 days of interest
Capital One	4.00%	$0	90 days of interest

How to Open a 12-Month CD

Opening a CD is a straightforward process, but it’s important to follow these steps to ensure a smooth experience:

Research and Compare: Use the comparison table above to identify the best CD rates and terms that suit your needs.
Gather Required Documents: You’ll typically need a government-issued ID, Social Security number, and funding source (e.g., a checking account).
Apply Online or In-Person: Most banks offer online applications, making it convenient to open a CD from home.
Fund Your CD: Transfer the minimum deposit amount to activate your CD.
Monitor Your Investment: Keep track of your CD’s maturity date to decide whether to renew or withdraw your funds.

Final Thoughts

Investing in a 12-month CD is a smart way to grow your savings with minimal risk. By comparing the best rates and terms from top financial institutions, you can maximize your returns while enjoying the security of FDIC insurance. Whether you’re saving for a short-term goal or diversifying your portfolio, a 12-month CD offers a balanced approach to earning interest without long-term commitments. Always review the fine print and consider your financial objectives before making a decision.

References:
Ally Bank
Marcus by Goldman Sachs
Synchrony Bank
Discover Bank
Capital One

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