Now is the time to secure a top rate — 5.11% CD and 9 other top 12-month APYs for August 2025

Understanding the Current Landscape of 12-Month CD Rates

The average rates for 1-year certificates of deposit (CDs) have seen a decline over the past year, dropping by 39 basis points to an average of 1.47% APY, according to recent government data. Despite this overall trend, there are still several banks and credit unions offering competitive yields for 12-month terms that exceed the industry average. This makes it an opportune time for investors looking to secure a favorable return on their savings.

Financial experts suggest that the Federal Reserve may continue to cut interest rates in the coming year, which could influence CD rates. According to Kate Ashford, a specialist at NerdWallet, “CD rates will likely stay flat or drift slightly lower.” For longer-term CDs, she adds, “rates may start slipping sooner as banks anticipate lower yields down the road.” Therefore, it's a good idea to consider locking in a competitive rate if one becomes available.

Top 12-Month CD Options for August 2025

For those seeking high-yield 12-month CDs, several institutions offer attractive rates. These accounts are typically protected by either the Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA), ensuring a level of security for depositors. Before opening any account, it’s important to review all the details, including potential restrictions or requirements.

Geismar Complex Federal Credit Union

This credit union offers the highest 12-month CD rate at 5.11% APY. To qualify, a minimum balance of $500 is required. However, membership is limited to individuals who work for qualifying companies or have a relative or household member who is already a member.

Apple Federal Credit Union

With a 5.00% APY, this credit union requires a minimum balance of $50. The maximum deposit allowed is $5,000 per member. Membership is open to individuals living, working, or attending school in specific areas of northern Virginia, as well as faculty, students, alumni, or family members of certain schools and universities.

A+ Federal Credit Union

This institution offers up to 5.00% APY on its 12-month StartUP Share Certificate. A minimal opening deposit of $10 is needed, but the maximum deposit is capped at $1,000. Membership is restricted to Texas residents and employees of select school districts.

5Point Credit Union

Rates at 5Point Credit Union vary based on deposit amounts. For balances between $1,000 and $49,999.99, the APY is 4.55%, while deposits exceeding $99,000 earn a fixed rate of 4.76%. Membership is available to those living, working, or attending school in eligible Texas locations or through a family or household member.

Merchants Bank of Indiana

This bank offers a 4.60% APY on its 12-month flex CD, with a $1,000 minimum deposit. There are no membership requirements, but the rate can change based on the prime rate index.

Hustl Digital Credit Union

A minimum opening deposit of $1,000 is needed to access a 4.50% APY. Membership is open to individuals in specific Arizona locations or through the Local First Arizona nonprofit.

Civic Credit Union

This credit union offers up to 4.50% APY on 12-18 month certificates. A minimum deposit of $250 is required, and membership is limited to individuals associated with North Carolina’s local government.

Pelican State Credit Union

With a minimum balance of $500, this credit union offers a 4.49% APY. Membership is available to current or retired employees of qualifying companies or residents of eligible Louisiana parishes.

My eBanc

There are no membership requirements for this online bank, which offers a fixed 4.45% APY. However, a minimum deposit of $50,000 is needed to qualify for the highest rate, with a lower rate available for smaller deposits.

EECU

To access the 4.41% APY, a minimum deposit of $50,000 is required. Membership is available to individuals in specific Texas counties or through employment with qualifying organizations.

Most Accessible 12-Month CDs

While many high-yield CDs come with specific requirements, some options are more accessible. Here are three of the most straightforward 12-month CDs:

Bankwell

Offering a 4.30% APY, this bank requires a $1,000 minimum deposit and provides fully online access.

Bask Bank

This institution also offers a 4.30% APY with a $1,000 minimum deposit. It is easy to access online, making it a convenient option for savers.

Seattle Bank

With a 4.00% APY, this bank requires a $1,000 minimum deposit. Although physical branches are located in Washington State, the account can be accessed online.