bank rates

Hard To Believe: 6-Month CDs Fall Again

Man holding his nose and giving a thumbs downAverage 6-month CD rates have sunk to a new record low – just 0.14% APY – and the top nationally available rates for this term are faring no better.

The term’s best rate on our CD Rates Leaderboard is also down slightly, to 0.87% APY.

Longtime leader Doral Bank Direct (, the online bank of Doral Bank, which is the leading community bank in Puerto Rico that also has five branches in northwest Florida and two in New York City, requires a $500 minimum deposit.

EH National Bank (, which has a single branch in Beverly Hills, Calif., offers the second-best rate of 0.85% APY and requires a $10,000 minimum deposit.

Colorado Federal Savings Bank (, an online bank based in Greenwood Village, Colo., pays 0.70% APY and requires a $5,000 minimum deposit.

Chart comparing the average 6-month CD rate vs. the best deals over time.

Seven banks pay 0.65% APY:

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

Ascencia (, the online division of PBI Bank, which has 18 branches in Kentucky, requires a $500 minimum deposit.

BAC Florida Bank (, which has one location in south Florida and sells its products nationally through My e-BAnC, requires a $500 minimum deposit.

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

GE Capital Bank (, one of two online banks, each with its own FDIC insurance, that are subsidiaries of GE Capital Corp., the financial services unit of the manufacturing giant, requires a $500 minimum deposit.

GE Capital Retail Bank (, also a subsidiary of GE Capital Corp., requires a $25,000 minimum deposit.

Virtual Bank (, the online division of Sabadell United Bank, based in Miami, requires a $10,000 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.

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

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