Best 6-Month CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: Bask Bank

Minimum Amount: $1000

APY / Rate: 4.45%

Pros:

  • Instant account opening
  • 6 months to 24 months CD term option
  • High yield accounts
  • FDIC-insured to the maximum permitted by law

Rules:

  • Interest is calculated on a daily basis on the amount available in the account on a particular day
  • A penalty is imposed on early withdrawal of the principal amount
  • Auto-renewal on maturity after 10 days grace period
4.0
Bankrate Score

Bank or Credit Union Name: Merrick Bank

Minimum Amount: $25000

APY / Rate: 4.45%

Pros:

  • Strong and credible bank
  • Best customer service
  • Range of investment tools to diversify the investment portfolio

Rules:

  • The minimum amount must be deposited to the account in a single transaction.
  • Early withdrawal penalty if you choose to withdraw the principal before maturity
  • Interest is calculated and accrued daily and transferred to the account at month’s end

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:

  • Varying rates and term options
  • High-rate of interest
  • FDIC-insured
  • Access to the account via mobile, online, and telephone
  • No monthly maintenance or other fees

Rules:

  • Open a CD account with a minimum of $1000.
  • Interest is compounded daily and added to your account at the end of every month
  • You can early withdraw the CD but will have to pay a penalty amount depending on the terms and amount of the CD
  • 10 days grace period to withdraw or rollover CD on maturity
4.0
Bankrate Score

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10,000

APY / Rate: 4.80%

Pros:

  • CD calculator to buy the right CD option
  • 24/7 access to the account
  • FDIC-insured investment options
  • High rate and reliable customer support

Rules:

  • Open an account with a minimum of $10000
  • Interest is calculated and accrued daily and credited to the account at month end
  • APY is earned when the principal and the interest remain in the account
  • Early withdrawal of any sum from the account is charged with a penalty

Best 2-Year CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: America First Credit Union

Minimum Amount: $500

APY / Rate: 4.75%

Pros:

  • Low minimum deposits
  • Low-risk investment with NCUA insurance coverage
  • Terms ranging from 3 months to 60 months
  • Many CD options are available including Ladder, bump, dedicated savings & flexible

Rules:

  • Dividends are credited to the account monthly.
  • On maturity, you can choose to roll over the CD or get funds transferred into your checking, money market, share savings
  • After 10 days grace period, the CD is automatically renewed
4.0
Bankrate Score
Bethpage Federal Credit Union

Bank or Credit Union Name: Bethpage Federal Credit Union

Minimum Amount: $500

APY / Rate: 4.50%

Pros:

  • 6 months to 60-month terms available
  • The minimum deposit amount is set at $50
  • Federally insured by the NCUA

Rules:

  • Divided are compounded daily
  • The dividend period and crediting frequency are set on a monthly basis.
  • The certificate is auto-renewed at maturity on the existing terms
  • Penalty on withdrawing dividends on principal before maturity.

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:

  • Investments backed by the NCUA
  • Higher interest rates than other commercial banks.
  • No cap on investing
  • No minimum deposit rule
  • No ongoing monthly charges

Rules:

  • Dividends are compounded every month and at maturity
  • Dividends are earned and can also be withdrawn without penalty every month.
  • If you withdraw the dividends you earn simple interest and not compounded interest
  • No penalty is charged for closing a CD prematurely.
4.0
Bankrate Score

Bank or Credit Union Name: Sallie Mae Bank

Minimum Amount: $2500

APY / Rate: 4.40%

Pros:

  • Locked in interest rates
  • 6 months to 60-month term range
  • FDIC-insured investment
  • No monthly maintenance fees

Rules:

  • Monthly and on-maturity interest disbursement options are available.
  • The premature withdrawal penalty is applicable as follows:
    1. Term 12 months of lesser than 12 months: 90 days simple interest
    2. The term greater than 12 months: 180 days simple interest
  • 10 days grace period on maturity to alter CD term and amount
  • Auto-renewal of CD post grace period

Best 5-Year CD Rates

4.0
Bankrate Score

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY / Rate: 4.55%

Pros:

  • Easy, round the clock account access
  • All investments are FDIC-insured
  • Best  rate of interest
  • Unconditional customer support

Rules:

  • The minimum deposit required to open an account is $10000
  • The CD earns compounded interest
  • The interest is accrued daily and goes into the account at month end
  • In case of premature withdrawal from the account, a penalty is to be paid
4.0
Bankrate Score

Bank or Credit Union Name: Randolph-Brooks Federal Credit Union

Minimum Amount: $20000

APY / Rate: 4.55%

Pros:

  • Best interest rates for 5-year CDs
  • Risk-free investment option
  • FDIC-insured banking solutions
  • Reliable customer service

Rules:

  • Interest is compounded monthly and added to the account
  • Investors can choose to receive the dividends in their RBFCU checking, savings, and money market accounts, or any other bank’s savings account.
  • Automatic renewal of CD on maturity.
  • The premature withdrawal penalty depends on the terms of the CD.

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%
On This Page