Best 6-Month CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: Bask Bank

Minimum Amount: $1000

APY / Rate: 4.45%

Pros:

  • High yield APY
  • CD term ranges from 6 months to 24 months
  • FDIC-Insured
  • Easy customization and CD ladder option available

Rules:

  • Interest on CD is calculated and accrued on a daily basis.
  • The CD operates on reinvestment of interest and redeem and maturity basis.
  • A penalty is incurred when the finds are prematurely withdrawn.
4.0
Bankrate Score

Bank or Credit Union Name: Hingham Institution For Savings

Minimum Amount: $1000

APY / Rate: 4.30%

Pros:

  • Top-tier CD interest rates
  • No maximum balance limit
  • FDIC-insured banking

Rules:

  • Interest compounded daily and added to the account on a monthly basis.
  • Minimum balance must be maintained in the account till maturity.
  • Early withdrawal is subject to penalty.
  • On maturity, the CD is automatically renewed.

Best 12-Month CD Rates

4.0
Bankrate Score
BMO Harris Bank

Bank or Credit Union Name: BMO Harris

Minimum Amount: $1000

APY / Rate: 5.00%

Pros:

  • High, fixed interest rates on CD
  • 3 Months to 60 months term options
  • Low minimum account balance required
  • FDIC-insured
  • Mobile, online and telephone banking features

Rules:

  • CD earns compounded interest.
  • Early withdrawal penalty on prematurely withdrawing fund
  • Auto renewal on maturity
  • Notice sent before maturity to allow CD alterations
4.0
Bankrate Score

Bank or Credit Union Name: State Bank of Texas

Minimum Amount: $100000

APY / Rate: 4.85%

Pros:

  • Best rate of interest on 12 month CD
  • Easy account opening
  • Excellent customer service

Rules:

  • Interest is paid monthly via ACH.
  • Early withdrawal penalty applicable
  • Auto renewal of CD on maturity

Best 2-Year CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: Modern Bank, National Association

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • Top-tier rate of interest
  • Low minimum deposit requirements
  • FDIC insured to the maximum permitted by law

Rules:

  • Interest is compounded and added to the account monthly.
  • Auto renewal on maturity. A grace period is offered to alter CD terms.
  • Premature withdrawal from the CD is charged with a penalty.
4.0
Bankrate Score

Bank or Credit Union Name: M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.48%

Pros:

  • CD ladder option available
  • Best interest rate for financial planning
  • No hidden charges
  • FDIC-insured investment

Rules:

  • Compound interest calculated on CD daily and added to the account monthly.
  • Reinvestment of interest and disbursement on maturity rules followed
  • Auto renewal on maturity
  • 10-days grace period to alter CD term or withdraw CD
  • Premature withdrawal is charged with a penalty

Best 3-Year CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: Alliant Credit Union

Minimum Amount: $1000

APY / Rate: 4.60%

Pros:

  • NCUA insured investment
  • High interest rates and guaranteed returns
  • No cap on maximum investment
  • No monthly maintenance fees

Rules:

  • Dividends compounded monthly as well as on maturity
  • Easy withdrawal of dividends possible without any penalty charges.
  • SAfter withdrawing dividend once, no compound interest applicable
  • Penalty on premature closing of CD.
4.0
Bankrate Score

Bank or Credit Union Name: KS State Bank

Minimum Amount: $500

APY / Rate: 4.27%

Pros:

  • FDIC insured investment
  • High APY rate
  • Low minimum balance required
  • No monthly maintenance fee

Rules:

  • Daily balance method used to calculate interest.
  • Interest is compounded quarterly and credited to the account every quarter.
  • Early withdrawal are charged with a hefty penalty.
  • CD auto renewed on maturity after completion of grace period.

Best 5-Year CD Rates

4.0
Bankrate Score
BMO Harris Bank

Bank or Credit Union Name: BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • High interest rate
  • 3 to 60 months CD terms
  • Minimum account balance requirement is very low
  • FDIC-insured
  • Mobile, online and telephone banking features

Rules:

  • Compound interest is calculated on CDs
  • Early withdrawal penalty on prematurely withdrawing fund
  • Auto renewal on maturity
  • Notice sent before maturity to allow CD alterations
4.0
Bankrate Score

Bank or Credit Union Name: M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.36%

Pros:

  • CD ladder option available
  • Best interest rate for financial planning
  • No hidden charges
  • FDIC-insured investment

Rules:

  • Compound interest calculated on CD daily and added to the account monthly.
  • Reinvestment of interest and disbursement on maturity rules followed
  • Auto renewal on maturity
  • 10-days grace period to alter CD term or withdraw CD
  • Premature withdrawal is charged with a penalty

National CD Rates

Average CD Rates

1-YEAR CD 1.82%
2-YEAR CD 1.75%
6-MONTH CD 2.10%
5-YEAR CD 2.47%
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