1 Year Cd Rates 2017

Compare cd rates and select from a variety of available terms and amounts to match your short term or long term goals.

1 year cd rates 2017.

Call it the goldilocks account. A certificate of deposit is a type of savings account that guarantees a certain rate of interest. In 2009 after the financial crisis the average 12 month cd paid less than 1 percent apy. Beginning our look at historical cd interest rates the early 1980s saw two recessions in the first two years.

Cd rates could change significantly in a year and you might not want to miss out on a. For instance a cd laddering plan of three cds might have a one year cd a two year cd and a three year cd. Best 1 year cd rates april 5 2017 we look for the trend of higher cd rates to continue in 2017 as long as there isn t a recession. A 5 year cd while a 5 year cd might have a higher apy a shorter term cd can be a better option.

One year cd rates provide a good benchmark for both rate watchers and issuing financial institutions alike. Pentagon federal credit union 1 35 yield 1 36 tied for 1st place. But it s also not a short maturity either given the popular 3 month terms offered by many banks and credit unions. Listed below is a current cd rates report for 1 year certificates of deposit as of january 14 2017.

Current 1 year cd rates. It s not exactly a long maturity especially when compared to 5 and 10 year terms. Cd rates in the 1980s. A keybank certificate of deposit can help fast track your path to financial wellness.

The fed is expected to increase the federal funds rate at least two more times this year which will put more upward pressure on cd rates. If you have 15 000 to invest you could invest 5 000 in each rung. The best time to start saving is now. One year cd rates can help boost some of your short term savings.

5 000 in a one year cd. Average rates on 5 year cds were slightly higher around 2 2 percent apy. A cd s apy depends on the frequency of compounding and the interest rate.