bank rates

Shake-Up At Top In 6-Month CD Rates

Aurora Bank can’t seem to make up its mind.

New York-based Metropolitan Bank now in the leadIn just the first eight days of February, the East Coast bank twice changed its 6-month CD rates by 0.01% — first up, then down.

That rate decrease was enough to knock Aurora Bank out of the top spot in our 6-month rankings. And with a bank new to our rankings entering at No. 1, Aurora has slipped to third.

New York-based Metropolitan National Bank vaulted into the rankings and into our top spot with a 1.15% APY with a $1,000 minimum deposit.

That left previous leader, Colorado Federal 5 basis points behind with a rate of 1.10% APY. The online bank based in Greenwood Village, Colo., requires a $5,000 minimum deposit.

But, like the weather, that’s could change again – quickly.

The other 6-month rates worthy of our CD Rates Leaderboard:

1.09% APY with a $1,000 minimum deposit, is Aurora Bank, which has branches in Wilmington, Del., and Jersey City, N.J.

1.08% APY at Nexity Bank, which is an online bank based in Birmingham, Ala., and requires a $1,000 minimum deposit.

1.06% APY at VirtualBank, which is the online division of Lydian Private Bank, based in Palm Beach, Fla., and requires a $10,000 minimum deposit.

1.06% APY at Ascencia, the online division of PBI Bank in Louisville, Ky., that requires a $500 minimum deposit.

1.05% APY at OneWest Bank, which has 82 branches in southern California and requires a $1,000 minimum deposit.

All of these rates beat the (pitiful) average 6-month CD rate of 0.30% APY that large banks and thrifts are currently offering.

Banks and credit unions 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 (3)
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3 Existing Comments
  1. Kalibracja Telewizora said:
    on February 12th at 06:30 pm

    Love your blog!

  2. Kalibracja Telewizora said:
    on February 14th at 06:27 am

    Love your blog! I´m following you!

  3. Kathy O'Gorman said:
    on February 27th at 01:19 pm

    All of the rates are holding up as of 2/27, except for Colorado Federal, which has dropped its 6-month rate to 1.05% APY.