Currently, the best 1-year CD rates are some of the best rates you can get on CDs in general. The best CD rate for a 12-month CD term right now is 4.55% APY from Credit Human Federal Credit Union.

That being said, a 5-year CD has a long enough term length that rates might still rise before it matures. Bump-up CDs differ in how many times you can raise your rate before the CD matures.