Where Can I Find $1 Certificates of Deposit?

Shawn Plummer

CEO, The Annuity Expert

Certificates of deposit (CDs) are a popular investment option for those who want to earn a fixed rate of return on their savings. However, with interest rates at historic lows, finding a CD that offers a high yield can be difficult. In this guide, we will explore the options available for those who want to invest in a $1 certificate of deposit, including where to find them and what to look for when selecting a CD.

Where Can I Find $1 Certificates of Deposit?

Now that we’ve covered the basics of CDs let’s explore where you can find $1 certificates of deposit.

Online Banks

Online banks are an excellent option for finding $1 certificates of deposit. Because they have lower overhead costs than traditional brick-and-mortar banks, they can offer higher interest rates on CDs. Additionally, many online banks offer a more comprehensive range of CD terms, which can be helpful if you want to invest in a CD for a specific period.

Credit Unions

Credit unions are another option for finding $1 certificates of deposit. Like online banks, credit unions offer higher interest rates on CDs than traditional banks. Additionally, credit unions are member-owned and not-for-profit, which means that they are often able to offer more competitive rates and fees than for-profit banks.

Brokerage Firms

Finally, brokerage firms may also offer $1 certificates of deposit. While banks may issue these CDs, brokerage firms may offer a broader range of CD terms. They may provide additional investment options, such as the ability to purchase CDs in a tax-advantaged retirement account.

Earn The Highest Interest Rates On Savings Today

Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

TermInsurance CompanyAPY
N/AMoney Market Account – Optimum Bank5.26%
N/AMoney Market Account – FVC Bank5.26%
N/ASavings Account – CloudBank 24/7 5.26%
12 MonthsBread Savings CD5.60%
48 MonthsClear Spring Fixed Annuity5.15%
5 YearsAthene Fixed Annuity5.30%
10 YearsEquitrust Fixed Annuity6.00%
*Fixed annuities are only for saving money to use in retirement.

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this guide.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings, ranging from 3 months to 10 years, all in one place.

What Should I Look for When Selecting a CD?

Now that you know where to find $1 certificates of deposit, it’s essential to know what to look for when selecting a CD.

Interest Rate

The interest rate is among the most critical factors when selecting a CD. Generally, the longer the term of the CD, the higher the interest rate will be. However, balancing the interest rate with the CD term is essential to ensure you earn a competitive return rate without tying up your funds for too long.

CD Term

The CD term is the length of time that you agree to leave your funds in the CD. While longer terms generally offer higher interest rates but require a longer commitment. Therefore, testing a CD term that aligns with your investment goals and timeline is essential.

Early Withdrawal Penalty

CDs have an early withdrawal penalty if you must withdraw your funds before maturity. This penalty can vary depending on the bank and the CD term, so reading the fine print before investing is essential. Some banks may offer CDs with lower penalties or no penalty for early withdrawals.

FDIC Insurance

FDIC insurance is essential when selecting a CD; it protects your funds if the bank fails. Therefore, ensuring that the bank you are considering is FDIC insured and that your investment is within the FDIC insurance limits is essential.


In conclusion, $1 certificates of deposit can be found at online banks, credit unions, and brokerage firms. When selecting a CD, it’s essential to consider the interest rate, CD term, early withdrawal penalty, and FDIC insurance. By considering these factors, you can select a CD that meets your investment goals and provides a reliable rate of return. Always read the fine print and compare rates and fees before investing.

Where Can I Find $1 Cd?

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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