bank rates

Earn 1.05% With Top 6-Month CD Rates

AloStar Bank of Commerce pays this rate with a $1,000 minimum depositThe top nationally available 6-month CD rate has dropped a tenth of a percentage point since I posted about this term at the end of July.

So much for being even cautiously optimistic about the future of short-term CDs.

The current 6-month leader, AloStar Bank of Commerce (, is paying 1.05% APY with a $1,000 minimum deposit.

That’s still better than the average annual yield large banks and thrifts are offering for 6-month CDs, a new record low of 0.24%.

But the online bank based in Birmingham, Ala., dropped its 12-month CD rate last week, a term it led for the entire month of August.

Other banks we’re keeping an eye on for the 6-month term for the CD Rates Leaderboard:

Aurora Bank (, which has branches in Wilmington, Del., and Jersey City, N.J., is offering 1.01% APY and requires a $1,000 minimum deposit.

Virtual Bank (, which is the online division of Miami-based Sabadell United Bank, is also offering 1.01% APY and requires a $10,000 minimum deposit.

Ascencia (, the online division of PBI Bank in Louisville, Ky., is offering 1.00% APY and requires a $500 minimum deposit.

Colorado Federal Savings Bank (, an online bank based in Greenwood Village, Colo., is paying 0.95% APY and requires a $5,000 minimum deposit.

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

There are a number of local banks and credit unions that offer better returns on 12-month CDs. Take a look at several local CD deals we found recently.

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

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (3)
1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 3.33 out of 5)
3 Existing Comments
  1. Kathy at Bankaholic said:
    on September 12th at 07:31 am

    Aurora Bank’s rate has dropped a hair to 1.005% APY, and Colorado Federal’s rate is now 0.90% APY.

  2. Kathy at Bankaholic said:
    on September 21st at 08:44 am

    Ascencia is the only bank still offering the rate quoted here. AloStar and Virtual Bank have joined Aurora and Colorado Federal with lower 6-month CD rates. AloStar’s is now 0.90% APY, and Virtual Bank’s, 0.85% APY.

  3. Kathy at Bankaholic said:
    on September 26th at 10:13 am

    Ascencia is still the only bank offering the 1.00% rate quoted here.