bank rates

8 Banks Vie For Top 6-Month CD Rates

Although Aurora Bank continues to offer the best 6-month CD rates, NewDominion Bank cut what had been the second-best return and scrambled the rest of our rankings.
Although Aurora Bank continues to offer the best 6-month CD rates, NewDominion Bank cut what had been the second-best return and scrambled the rest of our rankings.
There are now seven banks tied for second and third place, separated by only one-hundredth of a percentage point.

All of those banks are paying more than three times the national average on 6-month certificates of deposit – a truly pathetic, record low of 0.33% APY.

Aurora Bank, based in Wilmington, Del., with a branch in Jersey City, N.J., has held the lead since mid-September by paying 1.16% APY with a $1,000 minimum deposit.

Four banks are paying 1.11% APY:

  • Ascencia, the online division of PBI Bank in Louisville, Ky., with a minimum deposit of $500.
  • giantbank.com, the online division of Landmark Bank in Ft. Lauderdale, Fla., with a minimum deposit of $2,500.
  • Goldwater Bank, with a single location in Scottsdale, Ariz., and a minimum deposit of $10,000.
  • Virtual Bank, the online division of Lydian Private Bank in Palm Beach Gardens, Fla., with a $10,000 minimum deposit.

Three banks are paying 1.10% APY:

  • Colorado Federal Savings Bank, an online bank based in Greenwood Village, Colo., with a $5,000 minimum deposit.
  • OneWest Bank, headquartered in Pasadena, with 73 branches in Southern California, and a minimum deposit of $1,000.
  • NewDominion Bank, a predominantly online bank with branches in Charlotte and Mooresville, N.C., and a minimum deposit of $3,000. (That’s down from 1.15% APY.)

These banks qualify for our rankings by allowing savers to buy CDs over the Internet with no restrictions on where they must live or work.

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

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Comments (3)
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3 Existing Comments
  1. Jen Stryker said:
    on September 30th at 10:43 am

    Don’t miss any of the new posts on everything from the economy to the banking industry’s latest tricks over on our Personal Finance Blog. You can always reach it by clicking on the “Finance” tab at the top of every page.

  2. Bryan said:
    on October 4th at 05:20 pm

    You may want to look at Connexus Credit Union. Their 6 month CD is yielding 1.50% (checking account required)

  3. SmartG said:
    on October 5th at 10:28 am

    That may be a good deal for anyone who already has a checking account at Connexus, but I’m not going to race around opening checking accounts to take advantage of a CD rate. That’s a stupid way to manage your money.