bank rates

Two Banks Offer April’s Top 6-Month CDs

If you can find a local bank paying 1% on 6-month CDs, you should consider yourself lucky.

You won’t find a nationally available deal paying that much this spring.

You’ll only earn 0.85% from the two banks that share the top spot on our CD Rates Leaderboard.

AloStar Bank of Commerce, (, an online bank based in Birmingham, Ala., requires a $1,000 minimum deposit.

KeySource Commercial Bank, ( 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.

Colorado Federal Savings Bank ( is offering the second-highest rate of 0.80% APY. The online bank based in Greenwood Village, Colo., requires a $5,000 minimum deposit.

Four banks are paying 0.75% APY:

Acacia Federal Savings Bank (, an online bank owned by Acacia Life Insurance Co. based in Falls Church, Va., which requires a $500 minimum deposit.

Ascencia (, the online division of PBI Bank in Louisville, Ky., which requires a $500 minimum deposit.

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

Doral Bank Direct (, 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, which requires a $1,000 minimum deposit.

Of course, that’s more than three times the current average yield of 0.22% for 6-month CDs. That’s a record low first set last November.

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 (4)
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4 Existing Comments
  1. Empty Pockets said:
    on April 1st at 05:31 pm

    Petition For Fair Interest Rates On Our Savings

    Please, please click the link above and add your name.

    Time is running out!

    Your signatures is needed to move our Petition for Fair Interest Rates on Our Savings along to where it can receive more exposure and a much better opportunity of being delivered to President Obama.

    Then, please forward this post to everyone you know, and ask them to click the link at the top of this post, add their names to the petition and forward this post as well.

    All of us deserve fair interest rates on our savings. Time is running out and we’re almost there!

    Let’s Get It Done Together!

  2. Empty Pockets said:
    on April 1st at 05:34 pm

    Signers from all over the United States have added their names. Will you be next?

  3. Mike Nelson said:
    on April 1st at 05:46 pm

    Thanks for the petition. I’m signing and I’ll try and get some more, too. We have to do something about the low interest rates. Thanks.

  4. Kathy at Bankaholic said:
    on April 16th at 07:24 am

    Ascencia has raised its 6-month CD rate to 0.81% APY. The other rates remain the same.