bank rates

Top 6-Month CD Rates At 2012 High

Ascencia has the best deal at 0.90% APY.The recent rate hike by Ascencia continues to lift 6-month CD rates.

The online division of PBI Bank in Louisville, Ky., Ascencia (www.ascenciabank.com) pays 0.90% APY with a $500 minimum deposit.

The next-highest rate is a full tenth of a percentage point lower.

Two banks offer 0.80% APY:

Colorado Federal Savings Bank (www.coloradofederalbank.com), which is an online bank based in Greenwood Village, Colo., and requires a $5,000 minimum deposit.

EH National Bank (www.ehnbank.com), which has a single branch in Beverly Hills, Calif., and requires a $10,000 minimum deposit.

AloStar Bank of Commerce (www.alostarbank.com), which is an online bank based in Birmingham, Ala., pays 0.76% APY and requires a $1,000 minimum deposit.

Three banks pay 0.75% APY:

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

Doral Bank Direct (www.doralbankdirect.com), which is the online bank of Doral Bank, the leading community bank in Puerto Rico that also has five branches in northwest Florida and two in New York City, and requires a $1,000 minimum deposit.

KeySource Commercial Bank (www.keysourcebank.com), which has a single branch in Durham, N.C., and requires a $100 minimum deposit for CDs purchased in person, over the phone or through the mail, and a $5,000 minimum deposit for CDs purchased online.

The only other rate above 0.70% APY is from Ally Bank (www.ally.com). The online bank based in Charlotte, N.C., pays 0.74% APY and requires no minimum deposit.

Large banks and thrifts are offering an annual average yield of 0.20% for 6-month CDs — a new record low.

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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  1. Kathy at Bankaholic said:
    on July 16th at 07:25 am

    All of these rates are still available.