bank rates

For A Change, Top 6-Month CD Pays More

There’s been more than a tenth of a percentage point jump in 6-month CD rates since the beginning of August.

This so rarely happens on the CD Rates Leaderboard anymore.

Doral Bank Direct (www.doralbankdirect.com) now offers the lead rate of 0.92% APY.

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, requires a $1,000 minimum deposit.

Two banks pay 0.80% APY, the former lead rate:

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.

Former co-leader Ascencia (www.ascenciabank.com), the online division of PBI Bank in Louisville, Ky., pays 0.78% APY with a $500 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.

Three banks pay 0.75% APY:

ableBanking (www.ablebanking.com), which is the online division of Northeast Bank and requires a $1,000 minimum deposit.

Ally Bank (www.ally.com), which is an online bank based in Charlotte, N.C., and requires no minimum deposit.

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

For the fourth week, large banks and thrifts are offering an annual average yield of 0.19% 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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