VirtualBank recently increased the rate on its 12-month CD from 5.39% to 5.55% APY. The 5.55% APY is now the best yield for a one-year CD that’s available nationally. The 6-month CD rate also increased by 5 basis points to 5.44% APY.

VirtualBank CDs have the following features:

• $10,000 minimum to open
• Compounded daily and credited monthly
• Joint and Trust accounts can be selected
• A beneficiary can be included
• Can be reinvested or deposited into a VirtualBank eMoney Market Account

VirtualBank is a division of Lydian Private Bank which is FDIC insured. Bankrate.com’s review gives Virtualbank a 3/5 star rating.