bank rates

New Leader In 6-Month CD Rates At 1.15%

The New York bank is offering the best nationally available return on 6-month certificates of deposit.

Metropolitan National Bank in New York is the newest addition to our CD Rates Leaderboard.

The bank, which has three branches in Manhattan and one in Brooklyn, is paying 1.15% APY on 6-month CDs with a $1,000 minimum deposit.

That’s just a little better than the 1.10% APY you can earn from our previous leader, Colorado Federal Savings Bank. (Co-leader Aurora Bank has once again cut its return from 1.10% APY to 1.09% APY.)

A representative of Metropolitan National said online applications are accepted from savers nationwide and a bank representative contacts customers to complete the process.

Here’s where to find all of the best nationally available CD rates:

3-Month CDs California First 0.80% APY $5,000
6-Month CDs Metropolitan National 1.15% APY $1,000
12-Month CDs Melrose Credit Union 1.41% APY $5,000
24-Month CDs Salem Five Bank 1.75% APY $10,000
36-Month CDs Melrose Credit Union 2.17% APY $5,000
60-Month CDs Melrose Credit Union 2.93% APY $5,000

Banks and credit unions qualify for our rankings by selling their certificates of deposit online or through the mail to savers nationwide.

Melrose is one of the few credit unions eligible for our rankings because its unique charter allows anyone to join for only $1, regardless of where they live or work. (You will also be required to hold at least $25 in a savings account.)

The other banks on today’s Leaderboard are:

  • Salem Five, which has 22 branches north of Boston.
  • California First National Bank, an online bank based in Irvine, Calif.

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

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