bank rates

Nexity Holds Firm On 6-Month CD Rates

Alabama bank pays 1.12% APYNexity Bank’s 6-month CD rates look even better.

Unfortunately, that’s not because the Birmingham, Ala.-based online bank has increased the best nationally available deal.

Instead, other banks in that term have dropped rates, widening the gap between their offerings and Nexity’s.

Its 1.12% APY with a $1,000 minimum deposit is nearly six-weeks strong.

Second-place Aurora Bank, which has branches in Wilmington, Del., and Jersey City, N.J., is now paying 1.05% with a $1,000 minimum deposit.

Third-place Ascencia, the online division of PBI Bank in Louisville, Ky., is offering 1.04% APY with a $500 minimum deposit.

Those two had been tied for second place, when each were paying 1.07% APY.

There’s no predicting when short-term CD rates will improve.

Large banks and thrifts are currently offering an average percentage yield of just 0.27% for the sixth week.

Other 6-month CD rates we’re tracking for our CD Rates Leaderboard are:

1.01% APY at VirtualBank, which is the online division of Lydian Private Bank, based in Palm Beach, Fla., and requires a $10,000 minimum deposit.

1.00% APY at Pacific Mercantile Bank, which has seven branches in southern California and requires a $10,000 minimum deposit.

1.00% APY at Colorado Federal Savings Bank, an online bank based in Greenwood Village, Colo., that requires a $5,000 minimum deposit.

1.00% APY at Sanibel Captiva Community Bank, which has three branches in southwest Florida and requires a $1,000 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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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on July 11th at 07:31 am

    Aurora Bank’s rate has slipped to 1.04% APY, Ascencia’s to 1.02% APY and Pacific Mercantile’s to 0.80% APY.