bank rates

Find Top 6-Month CD Rates At 2 Banks

Alostar Bank of Commerce and KeySource Commercial Bank offer top 6-month CDs.Although the top 6-month CD rates haven’t changed since we last looked at this term, two different banks are now touting that 0.85% APY.

Hopefully, this promises at least a little stability for the term on our CD Rates Leaderboard.

Those co-leaders are AloStar Bank of Commerce and KeySource Commercial Bank.

AloStar Bank of Commerce (www.alostarbank.com), an online bank based in Birmingham, Ala., requires a $1,000 minimum deposit.

KeySource Commercial Bank (www.keysourcebank.com) has a single branch in Durham, N.C., and 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.

Two banks offer the second-best rate of 0.80% APY:

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

Virtual Bank (www.virtualbank.com), the online division of Sabadell United Bank based in Miami, which requires a $10,000 minimum deposit.

And 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.

Ascencia (www.ascenciabank.com), the online division of PBI Bank in Louisville, Ky., 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, which requires a $1,000 minimum deposit.

Large banks and thrifts pay an average annual yield of 0.22% for 6-month CDs this week.

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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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on March 5th at 09:09 am

    All of these rates are still available.

  2. Kathy at Bankaholic said:
    on April 3rd at 08:37 am

    All of these rates except one are still available. Virtual Bank’s 6-month CD is now paying 0.70% APY.