1-Year CD Rates Soar as Banks Compete for Customer Dollars

CIBC Bank USA Leads with a High 5.66% APY

CIBC Bank USA offers the highest 1-year CD rate at 5.66% APY.
Marcus by Goldman Sachs offers a 1-year CD rate of 5.50% APY with a relatively low minimum deposit of $500.
BMO Alto offers a 1-year CD rate of 5.50% APY with no minimum deposit required.
Popular Direct offers a 1-year CD rate of 5.45% APY with a high minimum deposit requirement of $10,000.
Lafayette Federal Credit Union offers a 1-year CD rate of 5.56% APY with a minimum deposit of $500.