Best 6 month cd rates

Karen Bennett is a senior consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn best 6 month cd rates about savings and checking accounts, CDs, and other financial matters. Marc Wojno is a seasoned and accomplished finance editor and writer with more than two decades of experience editing and writing across a variety of news platforms including newswires, newsletters, magazines and online news sites. Before joining Bankrate, Marc was Senior Editor at CNET Money and Senior Editor of Finance for ZDNet, both Red Ventures companies, where he wrote and edited news articles and features on a variety of topics including banking, blockchain, credit cards, cryptocurrency, best 6 month cd rates, fintech, home equity, investing and taxes.

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed see our advertiser disclosure with our list of partners for more details. However, our opinions are our own. See how we rate banking products to write unbiased product reviews. A 6-month CD is a type of savings option that lets you maintain a fixed interest rate for a short period of time. The national average CD rate on a 6-month term is 1. However, there are much higher interest rates on 6-month CDs right now.

Best 6 month cd rates

Six-month CD rates can play a role in boosting your short-term savings, especially in some saving strategies such as CD ladders. Here's a list of our picks. Why trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions. Some banks have started lowering CD yields, though overall rates remain high. NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. Vio Bank is an online-only bank division of MidFirst Bank. Live Oak Bank offers a highly competitive six-month CD rate. There's a somewhat high minimum. Synchrony Bank has a wide range of CDs including a six-month term that has a solid rate. Known for its student loans, Sallie Mae also has high-yield certificates of deposit. Lake Michigan Credit Union offers solid CD rates and has membership available nationwide except for California residents. Check out our list of the best CD rates overall. Vio Bank: 5.

Quontic Bank APY. Alliant is our overall top pick, though, because of its individual certificate features and well-rounded banking offerings.

In the past two years, the interest rates on certificates of deposit CDs have been the highest in decades. But unlike years past, short-term CDs are paying out more than longer terms. That means you can earn a great rate on your money without having to lock in your savings for a long time. In fact, you could secure a high annual percentage yield APY with a 6-month commitment. To help you find the best rates on 6-month CDs, we ranked some of the best ones available based on APY, minimum balance requirement, customer service, and more. For March , our top 6-month CD is from Barclays, offering a bold 5. You can read our complete methodology here.

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Best 6 month cd rates

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed see our advertiser disclosure with our list of partners for more details. However, our opinions are our own. See how we rate banking products to write unbiased product reviews. A 6-month CD is a type of savings option that lets you maintain a fixed interest rate for a short period of time.

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Compare the best rates for various CD terms and types:. TAB Bank is a tech-driven online bank that offers products and services designed to serve the needs of the underserved. Checkmark A CD can diversify your savings plan with a guaranteed rate. A no-penalty CD may also be a good place for money you might need access to before the CD matures. Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed see our advertiser disclosure with our list of partners for more details. For example, APY brings a CD with interest compounded daily and another with interest compounded monthly onto the same playing field. Quontic Bank : APYs: 5. Kit Pulliam. Barclays Bank Review. List of Synchrony Bank CD rates:.

Editor's Note: APYs listed in this article are up-to-date as of the time of publication.

Read review. The bank's CDs also offer high rates, but these accounts may not be as appealing due to the high minimum opening deposits and early withdrawal penalties. The national average on any deposit product is usually much lower than the highest yields available. Learn more about Quontic Bank. Minimum deposit APY Learn more. EverBank : APYs: 4. At Business Insider, we aim to help smart people make the best decisions with their money. Best available rates across different account types for Friday, March 15, Terms go from six months to five years. Looking for a wider selection of CDs? If you don't make a decision, the money may be rolled into a new CD or sent to you. Variety of CD terms Check mark icon A check mark.