Pocket up to 1.50% with our leading 1-year CD rates

piggy bank in glasses

We've clearly hit the bottom of the rate rut for 1-year CDs.

April has arrived, and the four banks that offered the best nationally available return on 1 year CDs all winter are still at it.

Each is paying 1.05% APY, which is exactly what the best national deals were paying last spring.

In fact, two of those four banks were among those paying 1.05% APY this time last year.

During that time, the average return on 1-year CDs fell from 0.26% APY to as low as 0.22% APY. (It's 0.23% in our most recent survey of major banks and thrifts.)

To put the happiest possible face on those dismal returns, I suppose we could say the Federal Reserve has driven 1-year CD rates as low as it possibly can. It's hard to imagine they'll be getting any worse.

But judging by the Fed's most recent statements, we can't expect it to reverse course and start pushing interest rates higher until late 2015.

Until then, most of us will have to park our money in the best nationally available deals we can find.

TOP 1-YEAR CD RATES: Nationally Available Bank Deals

Bank APY Minimum Deposit
GE Capital Retail 1.05% $25,000
CIT Bank 1.05% $25,000
AmTrust Direct 1.05% $500
GE Capital 1.05% $500
BAC Florida 1.01% $5,000
Virtual Bank 1.01% $10,000
AloStar 1.00% $1,000
The Palladian PrivateBank 1.00% $10,000
Colorado Federal 1.00% $5,000
Salem Five Direct 1.00% $10,000

To qualify for this list, a bank must allow savers from all 50 states to buy its certificates of deposit online or through the mail.

Our CD calculator will help you figure out the interest you'll earn, for any term, amount and interest rate.

TOP 1-YEAR CD RATES: About The Banks

Bank Description URL
GE Capital Retail Bank One of two online banks, each with its own FDIC insurance, that are subsidiaries of GE Capital Corp., the financial services unit of the manufacturing giant. banking.gecrb.com
CIT Bank The online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies. www.bankoncit.com
AmTrust Direct An online division of New York Community Bank, which has 240 branches in five states. www.amtrustdirect.com
GE Capital The other bank that's a subsidiary of GE Capital Corp. gecapitalbank.com
BAC Florida Bank A community bank with one location in Coral Gables that sells its products nationally through My e-BAnC www.bacflorida.com
Virtual Bank The online division of Sabadell United Bank, which has 23 branches in Florida and is owned by Banco Sabadell, Spain's fourth-largest bank. www.virtualbank.com
AloStar Bank of Commerce An online bank based in Birmingham, Ala., formerly known as Nexity Bank. retail.alostarbank.com
The Palladian PrivateBank An online division of The PrivateBank and Trust Co., which has 34 branches in nine states. www.palladianprivatebank.com
Colorado Federal Savings Bank An online bank based in Greenwood Village, Colo. www.coloradofederalbank.com
Salem Five Direct The online division of Salem 5 Bank, which has 23 branches just north of Boston. www.salemfivedirect.com

Of course, it's possible to earn a little more than that if you live near a community bank of credit union offering nearby customers and members a great local deal.

Members of the Gulf Coast Federal Credit in Corpus Christi, Texas, can earn 1.50% APY. Any New York City saver can buy a 1-year CD paying 1.20% APY at one of Doral Bank's two Manhattan branches.

Here are some examples of the best local deals currently being offered. (If you know of a great local deal where you live please share that info by placing a comment on this story.)

TOP 1-YEAR CD RATES: Local Deals

Bank/Credit Union (APY) State Contact
Gulf Coast Federal Credit Union 1.50% Texas http://www.ccgcfcu.com/
South Florida Federal Credit Union 1.26% Florida https://www.southfloridafcu.com/
Doral Bank 1.20% New York http://www.doralbank.com/
LOMTO Federal Credit Union 1.20% New York http://www.lomto.org/
HAB Bank 1.15% California, New Jersey, New York http://www.habibamericanbank.com/
NavyArmy Community Credit Union 1.15% Texas http://www.navyarmyccu.com/
Gesa Credit Union 1.14% Washington, D.C. https://www.gesa.com/
GPO Federal Credit Union 1.10% Washington, D.C. http://www.gpofcu.com/
Industrial Credit Union 1.10% Massachusetts http://www.icu.org/

Click here to search Bankrate's database of CD rates to see if you can find a similar deal near you. Or check out the latest local deals on Bankaholic.com.

Here's one other option to consider.

Melrose Credit Union (www.melrosecu.org) has a single office in the Briarwood neighborhood of the New York City borough of Queens.

It allows anyone to join, no matter where they live or work, with a $1 membership fee and $25 deposit in a savings account.

Once those formalities are taken care of, members earn some of the best returns in the nation, including 1.15% APY on 1-year CDs with a $5,000 minimum deposit.

Contributing editor Darci Swisher contributed to this report.
Mitch Strohm on Google Plus.