bank rates

Country Bank Leads 6-Month CD Rates

A small Massachusetts bank is once again offering the best, nationally available deal on 6-month CDs.

Country Bank, which has 14 branches in the central part of the state, is paying 1.60% APY with a $500 minimum deposit.

It’s been a regular in our rankings of the best 6-month CD rates since August, and even topped the list back for a few weeks last fall, when it was paying 1.80% APY.

Unfortunately, you can’t open an account online. You’ve got to call the bank at (800) 322-8233 and a customer service rep will explain how to buy a certificate of deposit by mail.

The other top rates on 6-month CDs are:

1.50% APY with a $1,000 minimum deposit from The Jacksonville Bank, with five locations in that Florida city.

1.41% APY with a $5,000 minimum deposit from
The State Bank of India’s branch in New York City.

A small Massachusetts bank is once again offering the best, nationally available deal on 6-month CDs.

As recently as April, the best 6-month CDs were paying 2.30% APY to 2.25% APY, and the average rate was 1.07% APY.

This week it fell to 0.49% APY, the lowest average since Bankrate began tracking 6-month CD rates in January 1984.

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

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  1. Mike said:
    on January 21st at 09:41 am

    Great article. Well said.