Best 6-Month CD Rates in Maine

4.0
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Bank or Credit Union Name: Greenwood Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.75% APY

Pros:

  • Only $1,000 minimum balance to open
  • Interest is compounded daily and credited monthly
  • Rates are locked for the term chosen and cannot go down

Rules:

  •  In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
  • The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
  • The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
  • If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
  • You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.
4.0
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Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY / Rate: 4.50%

Pros:

  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC-insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD

Best 2-Year CD Rates in Maine

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Bank or Credit Union Name: USALLIANCE Financial

Minimum Amount: $500.00

APY / Rate: 4.85% APY

Pros:

  • No monthly maintenance fees or No minimum balances requirements.
  • A free monthly credit score
  • You can select the term that’s right for you: 3-60 months
  • You can Choose the rate that best meets your financial goals.
  • Dividends are compounded daily and credited monthly
  • Open With as Little as $500
  • Choose the amount that fits your budget

Rules:

  • To open a CD with USALLIANCE Financial, As of February 2023, the minimum deposit for a 6-month CD is $500, while the minimum deposit for a 60-month CD is $1,000.
  • USALLIANCE Financial offers CDs with terms ranging from 3 months to 60 months. The longer the term, the higher the interest rate you’ll earn on your deposit.
  • USALLIANCE Financial offers competitive interest rates on its CDs, with rates varying depending on the term length and the amount of the deposit. Interest is compounded and paid out at the end of the term.
  • If you withdraw money from your CD before the maturity date, you’ll be subject to an early withdrawal penalty, which varies depending on the term length of the CD. For example, as of February 2023, the penalty for withdrawing money from a 60-month CD before maturity is 540 days of interest.
  • Unless you specify otherwise, your CD will automatically renew at maturity for another term of the same length. You’ll have a 10-day grace period after maturity to withdraw the funds without penalty.
  • USALLIANCE Financial is a federally insured credit union, which means that your deposits are insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor.
4.0
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Bank or Credit Union Name: America First Credit Union

Minimum Amount: $500.00

APY / Rate: 4.75% APY

Pros:

  • Low minimum deposits and high yields
  • Automatic renewals
  • NCUA insured up to $250,000
  • Terms from three months to five years

Rules:

  • To open a CD with AFCU, you must deposit a minimum amount of money, which varies depending on the term length of the CD. For example, as of February 2023, the minimum deposit for a 6-month CD is $500, while the minimum deposit for a 60-month CD is $1,000.
  • AFCU offers CDs with terms ranging from 6 months to 60 months. The longer the term, the higher the interest rate you’ll earn on your deposit.
  • AFCU offers competitive interest rates on its CDs, with rates varying depending on the term length and the amount of the deposit. Interest is compounded and paid monthly, and the rate is fixed for the term of the CD.
  • If you withdraw money from your CD before the maturity date, you’ll be subject to an early withdrawal penalty, which varies depending on the term length of the CD. For example, as of February 2023, the penalty for withdrawing money from a 60-month CD before maturity is 365 days of interest.
  • Unless you specify otherwise, your CD will automatically renew at maturity for another term of the same length. You’ll have a 10-day grace period after maturity to withdraw the funds without penalty.
  • AFCU is a federally insured credit union, which means that your deposits are insured
4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY / Rate: 4.60%

Pros:

  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC-insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD
4.0
Our Rating

Bank or Credit Union Name: North American Savings Bank

Minimum Amount: $5000.00

APY / Rate: 4.81% APY

Pros:

  • Reputed Bank in the region
  • High APY on CDs
  • eBook, “Everything You Need To Know About Certificate of Deposit Accounts” available
  • No limit on beneficiaries
  • FDIC-insured.

Rules:

  • Minimum balance must be maintained
  • Early withdrawal penalty equalling 6 months interest
  • 7 days grace period before CD gets auto renewed
  • Terms range from 3 months to 5 years.

Best 3 Years CD Rates in Maine

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Bank or Credit Union Name: CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 4.60% APY

Pros:

  • The high yield rate of interest
  • A decent minimum amount required
  • FDIC-insured banking option
  • Strong customer support system

Rules:

  • To open a CD an investor can approach the bank online or in-branch.
  •  The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
  • The interest on the CD is compounded monthly.
  • Premature withdrawal from the CD is subject to a penalty.
4.0
Our Rating

Bank or Credit Union Name: Alliant Credit Union

Minimum Amount: $1000

APY Rate: 4.60% APY

Pros:

  • Funds are insured up to $250,000 by NCUA
  • Low minimum deposit of only $1,000; no maximum
  • Great dividend rates

Rules:

  • Dividends compounded every month and at maturity.
  • Incur an early withdrawal penalty
4.0
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Bank or Credit Union Name: Prime Alliance Bank

Minimum Amount: $500

APY / Rate: 4.50%

Pros:

  • Competitive APY and interest rates
  • 24/7 customer support
  • FDIC insured
  • Competitive Interest rates

Rules:

  • Interest is compounded monthly and credited to the account at month’s end.
  • A penalty is charged on withdrawing the amount before maturity.
  • CD gets auto renewed. To make any changes to the term or add more funds, there is a 10-days grace period on maturity.
4.0
Our Rating

Bank or Credit Union Name: Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.45%

Pros:

  • High APY ensures great returns
  • Option to renew or close at maturity
  • Tax-free earnings
  • NCUA insured

Rules:

  • All certificates earn interest on a daily compounding basis.
  • The earned interest is credited to the account every month.
  • Investors can choose to:
  • 1-Add dividends to the certificate.
  • 2- Transfer dividends to the account
  • 3- Get a check with dividend amount Early withdrawal is subject to a penalty.

Best 5 Years CD Rates in Maine

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Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY / Rate: 4.55%

Pros:

  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC-insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD
4.0
Our Rating
BMO Harris Bank

Bank or Credit Union Name: BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • Best CD rates nationwide
  • Choices of CD withdrawal methods
  • 3-months to 60-month term options
  • Insured by FDIC

Rules:

  • A CD can be opened via mobile, online,, or telephone.
  • The interest on the CD is compounded monthly and added to the account on a fixed date every month.
  • There is a penalty for early withdrawal that depends on the term and amount of the CD.
  • Any changes to the CD regarding the amount or term can be made within the grace period of penalty days post maturity.
4.0
Our Rating

Bank or Credit Union Name: Pentagon Federal Credit Union

Minimum Amount: $1000.00

APY / Rate: 3.65 % APY

Pros:

  • High-yield checking account with easy-to-waive monthly fees
  • Opening checking and savings accounts require a low minimum deposit.
  • Online savings account with a competitive dividend rate

Rules:

  • On early withdrawal, account earnings will be reduced.
  • Require a written notice of up to 60 days of the intention to withdraw funds