bank rates

Close Race For Top 6-Month CD Rates

The top nationally available deal pays 0.81% APY.Sorry savers, but 6-month CD rates aren’t getting any better.

They’re actually slightly worse than they were six weeks ago, when we last reviewed the 6-month term.

Just one bank now leads the term, Ascencia (www.ascenciabank.com), the online division of PBI Bank in Louisville, Ky.

With a $500 minimum deposit, it’s paying 0.81% APY, thanks to a slight rate hike in mid-April.

Two banks are close behind with an offering of 0.80% APY:

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

EH National Bank (www.ehnbank.com), which has a single branch in Beverly Hills, Calif., and requires a $10,000 minimum deposit.

AloStar Bank of Commerce, (www.alostarbank.com), which is an online bank based in Birmingham, Ala., pays 0.76% APY and requires a $1,000 minimum deposit.

Four banks pay 0.75% APY:

Acacia Federal Savings Bank (www.acaciafederal.com), an online bank owned by Acacia Life Insurance Co. based in Falls Church, Va., which requires a $500 minimum deposit.

Discover Bank (www.discoverbank.com), an online bank owned by the credit card company, which requires a $2,500 minimum deposit.

Doral Bank Direct (www.doralbankdirect.com), the online bank of Doral Bank, the leading community bank in Puerto Rico that also has five branches in northwest Florida and two in New York City, which requires a $1,000 minimum deposit.

KeySource Commercial Bank (www.keysourcebank.com), with a single branch in Durham, N.C., and which requires a $100 minimum deposit for CDs purchased in person, over the phone or through the mail and a $5,000 minimum deposit for CDs purchased online.

Large banks and thrifts continue to offer an annual average yield of 0.22% for 6-month CDs.

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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  1. Kathy at Bankaholic said:
    on June 27th at 06:57 am

    Ascencia has raised its 6-month rate to 0.90% APY. Acacia’s 6-month rate has plummeted to 0.25% APY. (Acacia also announced in June that it is being acquired by Pennsylvania-based Customers Bancorp.)