Best 6-month CD Rates

4.0
Our Rating

Bank or Credit Union Name: Merrick Bank

Minimum Amount: $25000

APY / Rate: 4.40%

Pros:

  • High interest rate on CDs
  • FDIC-insured investment up to maximum
  • Easy access to the account round the clock
  • Excellent customer support

Rules:

  • A CD can be in the name of one person, or joint accounts in the names of more than one person, or payable on death.
  • A Truth-in-Savings disclosure holds detailed information about the CD and is shared with the customer once the CD is registered
  • Interest is compounded and credited to the account monthly.
  • Premature withdrawal of the principal is charged with a penalty amount.
4.0
Our Rating

Bank or Credit Union Name: Department Of Commerce Federal Credit Union

Minimum Amount: $500

APY / Rate: 4.09%

Pros:

  • NCUA insured investment
  • No monthly service fees
  • Relationship reward benefits of up to an additional 0.25% APY
  • additional 0.10% APY on opening an account with a $25000 initial deposit

Rules:

  • The dividends can be added to the CD or transferred to a savings or checking account.
  • The credit union offers an additional.25% APY under the Relationship reward benefits program to customers with Gold, Silver, or Bronze status
  • There is a grace period of 10 days on maturity that allows customers to add more funds or change the term of the CD.
4.0
Our Rating

Bank or Credit Union Name: First Internet Bank of Indiana

Minimum Amount: $1000

APY / Rate: 4.07%

Pros:

  • Deals in online CD options exclusively
  • Best CD rates for 6-month CD term
  • Low early withdrawal penalty
  • FDIC-insured

Rules:

  • Interest on CDs is compounded monthly and added to the account at the month’s end.
  • Early withdrawal incurs a penalty amounting to:
  • 1- 90 days interest for a 3-month term
  • 2- 180 days interest for a 6-18 month term 3- 365 days interest for 24-60 month term

Best 12-month CD Rates

4.0
Our Rating

Bank or Credit Union Name: Capital One

Minimum Amount: $0

APY / Rate: 4.00%

Pros:

  • No minimum balance required
  • Interest is paid end of the term, monthly,, or annually
  • 5-minutes easy account opening process
  • FDIC-insured investment options

Rules:

  • A CD account can be opened online by accessing the website if you are already a member of Capital One bank.
  • Interest is accrued daily but paid and compounded monthly.
  • Premature withdrawal from the CD is subject to a penalty.
4.0
Our Rating
BMO Harris Bank

Bank or Credit Union Name: BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • Competitive CD rates
  • Decent minimum balance requirement
  • Easy CD withdrawal methods
  • 3-months to 60-month term available

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 which 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: CFG Community Bank

Minimum Amount: $500

APY / Rate: 4.62%

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.

Best 2-Year CD Rates

4.0
Our Rating

Bank or Credit Union Name: HSBC Direct

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • 6-months, 12-month & 24-month CD options are available
  • High APY on 2-year CDs
  • Daily interest rates
  • Easy online management
  • $0 Liability Online, Guarantee

Rules:

  • Customers can apply for  CVD online or at the branch.
  • As soon as the account is opened and funded, it starts earning interest.
  • Interest is compounded daily and credited to the account at the month’s end.
  • CD can be renewed by calling the bank during the grace period.
  • Early withdrawal penalties for premature withdrawal from the account.
4.0
Our Rating

Bank or Credit Union Name: CIT Bank

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • Competitive CD rates and terms
  • Different types of CDs; Term CDs, No-penalty 11-month CDs, Jumbo CDs, RampUp CDs
  • FDIC-insured investment to the max

Rules:

  • Open an account online or by reaching to the nearest branch.
  • Fund the account with $1000 and wait for confirmation from the bank.
  • Once confirmed, the CD starts earning interest on a daily compounding basis
  • Early withdrawal of the principal amount will be charged with a penalty and will reduce the earnings.
4.0
Our Rating

Bank or Credit Union Name: Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.35%

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 3-Year CD Rates

4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY / Rate: 4.55%

Pros:

  • High fixed interest rates
  • CD calculator to compare CDs
  • 24/7 access to the account via desktop, mobile,, or tablet
  • Round-the-clock customer support

Rules:

  • Choose the term for CD and apply online or at the branch
  • Interest is compounded monthly and credited to the account at month’s end
  • APY is earned when the principal and interest remain on deposit until maturity.
  • A penalty is charged for any type of premature withdrawal.
4.0
Our Rating

Bank or Credit Union Name: Alliant Credit Union

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • Highly competitive CD rates
  • No cap on the maximum deposit
  • Variety of terms available; 12 months to 60 months
  • NCUA insurance up to $250,000

Rules:

  • Log in to the website or reach the branch to open a CD account.
  • Dividends are posted to the account monthly, on the last day of the month,, and at maturity.
  • If you have to withdraw funds early, there is a premature withdrawal penalty to pay.
  • The premature penalty gets scrapped if you opt for the dividend withdrawal option.
4.0
Our Rating

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.

Best 5-Year CD Rates

4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75%

Pros:

  • Top-tier interest rates across nation
  • Hassle-free and less time consuming account opening
  • High deposit limits per account and per customer
  • FDIC-insured

Rules:

  • The interest is compounded daily and credited to the account monthly.
  • A notice is sent to the investor when the CD matures.
  • There is a 10 days of grace period post maturity when customers can add more money or change the terms of the CD.
  • CD gets auto-renewed if not consumed.
4.0
Our Rating

Bank or Credit Union Name: Sallie Mae Bank

Minimum Amount: $1000

APY / Rate: 4.55%

Pros:

  • 12-month to 60-month CD terms
  • Automatic renewal option
  • FDIC insured banking
  • No monthly charge or maintenance fees

Rules:

  • The minimum amount for a 5-year CD is $1000.
  • Interest can be disbursed monthly, quarterly, yearly, or at maturity.
  • Premature withdrawal is penalized with penalty amount:
  • 90 days of interest for CDs with a term less than 12 months
  • 180 days of interest for CDs with terms more than 12 months
  • CD gets auto renewed at maturity or customer can add more amount or alter the term during grace period.
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
  • Low minimum balance requirement
  • Choices of CD withdrawal methods
  • 3-months to 60-month term options

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.