bank rates

6-Month CDs: Best Pay 6 Times Average

Here’s the story on 6-month CDs as told in bullet points.

  • Aug. 13: Last time the top nationally available 6-month CD rate changed.
  • Jan. 28: Last time the best 6-month CD paid 0.90% APY.
  • Oct. 6, 2011: Last time the best 6-month CD paid 1.00% APY.
  • Low point: The top 6-month CD paid 0.81% APY on June 15, 2012.
  • Bottom line: The best CDs still offer a return more than six times as lucrative as the average certificate of deposit you’ll find at your nearby megabank.

Chart showing the top and average 6-month CD rates

Doral Bank Direct ( continues to top the 6-month term on our CD Rates Leaderboard with its offering of 0.87% APY.

The online bank of Doral Bank, which is the leading community bank in Puerto Rico that also has five branches in northwest Florida and two in New York City, requires a $500 minimum deposit.

And EH National Bank (, which has a single branch in Beverly Hills, Calif., continues to pay the second-best rate of 0.85% APY with a $10,000 minimum deposit.

Ascencia (, which is the online division of PBI Bank, which has 18 branches in Kentucky, now offers the third-best rates of 0.75% APY with a $500 minimum deposit.

Two banks pay 0.70% APY:

Colorado Federal Savings Bank (, which is an online bank based in Greenwood Village, Colo., requires a $5,000 minimum deposit.

Giant Bank (, the online division of Landmark Bank, which has two branches in Ft. Lauderdale, Fla., requires a $2,500 minimum deposit.

The current average annual yield offered by big banks and thrifts for the 12-month term remains a record-low 0.14%.

Banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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