bank rates

6-Month CD Rates Top Out At 1.17% APY

The lead in 6-month CD rates has fallen to Aurora Bank, which is paying 1.17% APY with a minimum deposit of $1,000.

Three other banks that have shared the top spot over the past 10 days – Ascencia, NewDominion and Tri-State Capital – have lowered their rates and dropped down in the rankings.The lead in 6-month CD rates has fallen to Aurora Bank, which requires a minimum deposit of $1,000.

That’s left Aurora, with offices in Wilmington, Del., and Jersey City, N.J., with the best nationally available rate on 6-month certificates of deposit.

At this time last year, you could still earn 2% on the top-paying 6-month CDs. But those deals were gone by early November and the best returns are now threatening to fall below 1% by early winter if this trend continues.

The second best nationally available rate is 1.15% APY with a minimum deposit of $3,000 from NewDominion Bank, which has branches in Charlotte and Moorseville, N.C.

Three banks are paying 1.11% APY:

Virtual Bank, the online division of Lydian Private Bank in Palm Beach Gardens, Fla., with a $10,000 minimum deposit

Goldwater Bank, with a single location in Scottsdale, Ariz., and a minimum deposit of $10,000.

Ascencia, the online division of PBI Bank in Louisville, Ky., with a minimum deposit of $500.

All of these banks allow savers across the country to buy CDs over the Internet.

Click here to compare these deals with the best CD rates from dozens of other banks in our database.

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