bank rates

Top 6-Month CD Rates Remain Above 1%

The best nationally available CD rates are typically somewhere between two and three times the average return.

But the best 6-month CD rates are paying well over three times the average return of 0.31% APY.

The six leading banks are bunched between 1.15% APY and 1.10% APY, which means you can pick whichever one you want and your earnings will differ by only a few pennies over the term of the CD.The six leading banks are bunched between 1.15% APY and 1.10% APY, which means you can pick whichever one you want and your earnings will differ by only a few pennies over the term of the CD.

Bank of Internet, an online bank based in San Diego, has been offering the top rate of 1.15% APY since late October, and requires a modest minimum deposit of $1,000.

Aurora Bank, with offices in Wilmington, Del., and Jersey City, N.J., is paying 1.12% APY with a minimum deposit of $1,000.

Ascencia, the online division of PBI Bank in Louisville, Ky., is paying 1.11% APY with a $500 minimum.

The next three banks are all offering 1.10% APY:

Colorado Federal Savings Bank, an online bank based in Greenwood Village, Colo., with a $5,000 minimum deposit.

NewDominion Bank, a predominantly online bank with branches in Charlotte and Mooresville, N.C., and a minimum deposit of $3,000.

OneWest Bank, which has 73 branches in Southern California, and a minimum deposit of $1,000.

These banks qualify for our rankings by allowing savers to buy certificates of deposit online or by mail with no restrictions on where they must live or work.

Click here to compare these deals with the best CD rates from dozens of other banks in our database.

You can calculate exactly how much you’ll make on any investment, at any rate for any term with our CD calculator.

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