bank rates

New Banks Offer Best 6-Month CD Rates

Aurora Bank and First City Bank now have the best nationally available 6-month CD rates.

Aurora Bank and First City Bank now have the best 6-month CD rates.

Both are paying 1.25% APY – about three times the national average of 0.42% — with a $1,000 minimum deposit.

They’ve replaced Country Bank, which had led our rankings of the top-paying 6-month CDs since January. The Massachusetts bank dropped its rate from 1.30% APY to 1.15% APY yesterday.

First City has five branches in Fort Walton Beach, Fla., while Aurora Bank is based in Wilmington, Del., with a branch in Jersey City, N.J.

Choosing between them is pretty much a toss-up. Both offer online applications and both earn a single star from Bankrate’s “Safe & Sound” rating system. (Of course they’re FDIC insured.)

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

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