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The highest rates for a 1 year CD with no minimum balance are 1.58% at Ally Bank in Midvale, UT and 1.5% at American Express Bank. For 1 year CDs with a minimum deposit of $1000, the best current rate is 1.59% at Aurora bank in Wilmington, DE. The best rate in the country, currently, is a 1 year CD with a minimum deposit of $2500. It yields a 1.7% APY and is available at Tennessee Commerce Bank in Franklin, TN.

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