Read review Bread Savings Rating: 3.9 stars out of 5 3.9 Bankrate CD score Bankrate CD rating = 3.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 4.20% Min. deposit to open $1,500 Term 6 months Why Bread Savings? Bread Savings is an online bank that offers high-yield savings products and nine terms of CDs ranging from three months to five years. Many of the CDs, including the six-month CD, offer competitive yields. The bank also offers Some of the highest-yielding savings accounts too. Current Bread Savings CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.80% APY $1,500 6 months 4.20% APY $1,500 9 months 3.80% APY $1,500 1 year 3.75% APY $1,500 18 months 3.75% APY $1,500 2 years 3.75% APY $1,500 3 years 3.75% APY $1,500 4 years 3.75% APY $1,500 5 years 3.75% APY $1,500 Term APY Min. deposit 3 months 3.80% APY $1,500 6 months 4.20% APY $1,500 9 months 3.80% APY $1,500 1 year 3.75% APY $1,500 18 months 3.75% APY $1,500 2 years 3.75% APY $1,500 3 years 3.75% APY $1,500 4 years 3.75% APY $1,500 5 years 3.75% APY $1,500 Read review LimelightBank Rating: 4.4 stars out of 5 4.4 Bankrate CD score Bankrate CD rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 4.15% Min. deposit to open $1,000 Term 6 months Why LimelightBank? Limelight Bank is an online-only bank that supports solar initiatives funded by its deposits. It offers a competitive six-month CD and three other CDs with terms between one and three years, all of which require a minimum $1,000 deposit. Current LimelightBank CD Rates Caret Down Icon Term APY Min. deposit 6 months 4.15% APY $1,000 1 year 4.05% APY $1,000 18 months 3.80% APY $1,000 3 years 3.70% APY $1,000 Term APY Min. deposit 6 months 4.15% APY $1,000 1 year 4.05% APY $1,000 18 months 3.80% APY $1,000 3 years 3.70% APY $1,000 Read review Marcus by Goldman Sachs Rating: 4.5 stars out of 5 4.5 Bankrate CD score Bankrate CD rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 4.05% Min. deposit to open $500 Term 6 months Why Marcus by Goldman Sachs? Marcus by Goldman Sachs offers nine terms of standard CDs that earn stellar rates, including its six-month CD. You’ll also find three terms of no-penalty CDs as well as a 20-month rate bump CD. All CDs require a minimum opening deposit of $500. Current Marcus by Goldman Sachs CD Rates Caret Down Icon Term APY Min. deposit 6 months 4.05% APY $500 7 months 3.90% APY $500 7 months 3.90% APY $500 9 months 4.00% APY $500 11 months 3.95% APY $500 1 year 4.00% APY $500 13 months 3.95% APY $500 13 months 3.95% APY $500 14 months 4.10% APY $500 18 months 4.00% APY $500 20 months 3.90% APY $500 2 years 3.95% APY $500 3 years 3.90% APY $500 4 years 3.85% APY $500 5 years 3.90% APY $500 6 years 3.90% APY $500 Term APY Min. deposit 6 months 4.05% APY $500 7 months 3.90% APY $500 7 months 3.90% APY $500 9 months 4.00% APY $500 11 months 3.95% APY $500 1 year 4.00% APY $500 13 months 3.95% APY $500 13 months 3.95% APY $500 14 months 4.10% APY $500 18 months 4.00% APY $500 20 months 3.90% APY $500 2 years 3.95% APY $500 3 years 3.90% APY $500 4 years 3.85% APY $500 5 years 3.90% APY $500 6 years 3.90% APY $500 Read review First Internet Bank of Indiana Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.92% Min. deposit to open $1,000 Term 6 months Why First Internet Bank of Indiana? In addition to its six-month CD, First Internet Bank of Indiana has seven other CDs that range from three months to five years. They all earn rates well above national averages and require a minimum opening deposit of $1,000. Early withdrawal penalties for terms above 18 months are steep. Current First Internet Bank of Indiana CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.30% APY $1,000 6 months 3.92% APY $1,000 1 year 3.83% APY $1,000 18 months 3.54% APY $1,000 2 years 3.45% APY $1,000 3 years 3.45% APY $1,000 4 years 3.45% APY $1,000 5 years 3.45% APY $1,000 Term APY Min. deposit 3 months 3.30% APY $1,000 6 months 3.92% APY $1,000 1 year 3.83% APY $1,000 18 months 3.54% APY $1,000 2 years 3.45% APY $1,000 3 years 3.45% APY $1,000 4 years 3.45% APY $1,000 5 years 3.45% APY $1,000 Read review BankFive Rating: 4 stars out of 5 4.0 Bankrate CD score Bankrate CD rating = 4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $500 Term 6 months Why BankFive? BankFive Connect offers seven standard CDs ranging from three months to three years, and most have great yields, except for the three-year CD. To open a CD here, you’ll need $500 dollars. The bank also offers one competitive specialty CD: a two-year “Investment CD,” which allows you to continue to add funds throughout the term. Current BankFive CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Read review Rising Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $1,000 Term 6 months Why Rising Bank? Rising Bank’s six-month CD earns a highly competitive rate, and the bank offers terms of up to three years. Other CD options include a two-year jumbo CD and two bump-up CDs with terms of 18 and 26 months. Also available are interest checking and high-yield savings accounts. Current Rising Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Read review Morgan Stanley Private Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.80% Min. deposit to open $0 Term 6 months Why Morgan Stanley Private Bank? E*TRADE from Morgan Stanley — which provides its deposit accounts via E*TRADE — offers a six-month CD with a highly competitive rate. And you can lock in the best possible rate by funding the CD within 10 days of opening it: if rates have changed by the time you fund the certificate, you'll get the higher of the rate between what was offered on the day you opened or the day you fund. Current Morgan Stanley Private Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Read review CIBC Bank USA Rating: 4.2 stars out of 5 4.2 Bankrate CD score Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.71% Min. deposit to open $1,000 Term 6 months Why CIBC Bank USA? CIBC Bank USA offers seven CDs with terms of up to 30 months, including a six-month CD that earns a highly competitive yield. These standard CDs require a $1,000 minimum deposit. The withdrawal penalty for CIBC's CDs is one of the lowest around: All CDs at CIBC Bank USA have a penalty of 30 days of simple interest. Current CIBC Bank USA CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review LimelightBank Rating: 4.4 stars out of 5 4.4 Bankrate CD score Bankrate CD rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 4.15% Min. deposit to open $1,000 Term 6 months Why LimelightBank? Limelight Bank is an online-only bank that supports solar initiatives funded by its deposits. It offers a competitive six-month CD and three other CDs with terms between one and three years, all of which require a minimum $1,000 deposit. Current LimelightBank CD Rates Caret Down Icon Term APY Min. deposit 6 months 4.15% APY $1,000 1 year 4.05% APY $1,000 18 months 3.80% APY $1,000 3 years 3.70% APY $1,000 Term APY Min. deposit 6 months 4.15% APY $1,000 1 year 4.05% APY $1,000 18 months 3.80% APY $1,000 3 years 3.70% APY $1,000 Read review Marcus by Goldman Sachs Rating: 4.5 stars out of 5 4.5 Bankrate CD score Bankrate CD rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 4.05% Min. deposit to open $500 Term 6 months Why Marcus by Goldman Sachs? Marcus by Goldman Sachs offers nine terms of standard CDs that earn stellar rates, including its six-month CD. You’ll also find three terms of no-penalty CDs as well as a 20-month rate bump CD. All CDs require a minimum opening deposit of $500. Current Marcus by Goldman Sachs CD Rates Caret Down Icon Term APY Min. deposit 6 months 4.05% APY $500 7 months 3.90% APY $500 7 months 3.90% APY $500 9 months 4.00% APY $500 11 months 3.95% APY $500 1 year 4.00% APY $500 13 months 3.95% APY $500 13 months 3.95% APY $500 14 months 4.10% APY $500 18 months 4.00% APY $500 20 months 3.90% APY $500 2 years 3.95% APY $500 3 years 3.90% APY $500 4 years 3.85% APY $500 5 years 3.90% APY $500 6 years 3.90% APY $500 Term APY Min. deposit 6 months 4.05% APY $500 7 months 3.90% APY $500 7 months 3.90% APY $500 9 months 4.00% APY $500 11 months 3.95% APY $500 1 year 4.00% APY $500 13 months 3.95% APY $500 13 months 3.95% APY $500 14 months 4.10% APY $500 18 months 4.00% APY $500 20 months 3.90% APY $500 2 years 3.95% APY $500 3 years 3.90% APY $500 4 years 3.85% APY $500 5 years 3.90% APY $500 6 years 3.90% APY $500 Read review First Internet Bank of Indiana Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.92% Min. deposit to open $1,000 Term 6 months Why First Internet Bank of Indiana? In addition to its six-month CD, First Internet Bank of Indiana has seven other CDs that range from three months to five years. They all earn rates well above national averages and require a minimum opening deposit of $1,000. Early withdrawal penalties for terms above 18 months are steep. Current First Internet Bank of Indiana CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.30% APY $1,000 6 months 3.92% APY $1,000 1 year 3.83% APY $1,000 18 months 3.54% APY $1,000 2 years 3.45% APY $1,000 3 years 3.45% APY $1,000 4 years 3.45% APY $1,000 5 years 3.45% APY $1,000 Term APY Min. deposit 3 months 3.30% APY $1,000 6 months 3.92% APY $1,000 1 year 3.83% APY $1,000 18 months 3.54% APY $1,000 2 years 3.45% APY $1,000 3 years 3.45% APY $1,000 4 years 3.45% APY $1,000 5 years 3.45% APY $1,000 Read review BankFive Rating: 4 stars out of 5 4.0 Bankrate CD score Bankrate CD rating = 4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $500 Term 6 months Why BankFive? BankFive Connect offers seven standard CDs ranging from three months to three years, and most have great yields, except for the three-year CD. To open a CD here, you’ll need $500 dollars. The bank also offers one competitive specialty CD: a two-year “Investment CD,” which allows you to continue to add funds throughout the term. Current BankFive CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Read review Rising Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $1,000 Term 6 months Why Rising Bank? Rising Bank’s six-month CD earns a highly competitive rate, and the bank offers terms of up to three years. Other CD options include a two-year jumbo CD and two bump-up CDs with terms of 18 and 26 months. Also available are interest checking and high-yield savings accounts. Current Rising Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Read review Morgan Stanley Private Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.80% Min. deposit to open $0 Term 6 months Why Morgan Stanley Private Bank? E*TRADE from Morgan Stanley — which provides its deposit accounts via E*TRADE — offers a six-month CD with a highly competitive rate. And you can lock in the best possible rate by funding the CD within 10 days of opening it: if rates have changed by the time you fund the certificate, you'll get the higher of the rate between what was offered on the day you opened or the day you fund. Current Morgan Stanley Private Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Read review CIBC Bank USA Rating: 4.2 stars out of 5 4.2 Bankrate CD score Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.71% Min. deposit to open $1,000 Term 6 months Why CIBC Bank USA? CIBC Bank USA offers seven CDs with terms of up to 30 months, including a six-month CD that earns a highly competitive yield. These standard CDs require a $1,000 minimum deposit. The withdrawal penalty for CIBC's CDs is one of the lowest around: All CDs at CIBC Bank USA have a penalty of 30 days of simple interest. Current CIBC Bank USA CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review Marcus by Goldman Sachs Rating: 4.5 stars out of 5 4.5 Bankrate CD score Bankrate CD rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 4.05% Min. deposit to open $500 Term 6 months Why Marcus by Goldman Sachs? Marcus by Goldman Sachs offers nine terms of standard CDs that earn stellar rates, including its six-month CD. You’ll also find three terms of no-penalty CDs as well as a 20-month rate bump CD. All CDs require a minimum opening deposit of $500. Current Marcus by Goldman Sachs CD Rates Caret Down Icon Term APY Min. deposit 6 months 4.05% APY $500 7 months 3.90% APY $500 7 months 3.90% APY $500 9 months 4.00% APY $500 11 months 3.95% APY $500 1 year 4.00% APY $500 13 months 3.95% APY $500 13 months 3.95% APY $500 14 months 4.10% APY $500 18 months 4.00% APY $500 20 months 3.90% APY $500 2 years 3.95% APY $500 3 years 3.90% APY $500 4 years 3.85% APY $500 5 years 3.90% APY $500 6 years 3.90% APY $500 Term APY Min. deposit 6 months 4.05% APY $500 7 months 3.90% APY $500 7 months 3.90% APY $500 9 months 4.00% APY $500 11 months 3.95% APY $500 1 year 4.00% APY $500 13 months 3.95% APY $500 13 months 3.95% APY $500 14 months 4.10% APY $500 18 months 4.00% APY $500 20 months 3.90% APY $500 2 years 3.95% APY $500 3 years 3.90% APY $500 4 years 3.85% APY $500 5 years 3.90% APY $500 6 years 3.90% APY $500 Read review First Internet Bank of Indiana Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.92% Min. deposit to open $1,000 Term 6 months Why First Internet Bank of Indiana? In addition to its six-month CD, First Internet Bank of Indiana has seven other CDs that range from three months to five years. They all earn rates well above national averages and require a minimum opening deposit of $1,000. Early withdrawal penalties for terms above 18 months are steep. Current First Internet Bank of Indiana CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.30% APY $1,000 6 months 3.92% APY $1,000 1 year 3.83% APY $1,000 18 months 3.54% APY $1,000 2 years 3.45% APY $1,000 3 years 3.45% APY $1,000 4 years 3.45% APY $1,000 5 years 3.45% APY $1,000 Term APY Min. deposit 3 months 3.30% APY $1,000 6 months 3.92% APY $1,000 1 year 3.83% APY $1,000 18 months 3.54% APY $1,000 2 years 3.45% APY $1,000 3 years 3.45% APY $1,000 4 years 3.45% APY $1,000 5 years 3.45% APY $1,000 Read review BankFive Rating: 4 stars out of 5 4.0 Bankrate CD score Bankrate CD rating = 4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $500 Term 6 months Why BankFive? BankFive Connect offers seven standard CDs ranging from three months to three years, and most have great yields, except for the three-year CD. To open a CD here, you’ll need $500 dollars. The bank also offers one competitive specialty CD: a two-year “Investment CD,” which allows you to continue to add funds throughout the term. Current BankFive CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Read review Rising Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $1,000 Term 6 months Why Rising Bank? Rising Bank’s six-month CD earns a highly competitive rate, and the bank offers terms of up to three years. Other CD options include a two-year jumbo CD and two bump-up CDs with terms of 18 and 26 months. Also available are interest checking and high-yield savings accounts. Current Rising Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Read review Morgan Stanley Private Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.80% Min. deposit to open $0 Term 6 months Why Morgan Stanley Private Bank? E*TRADE from Morgan Stanley — which provides its deposit accounts via E*TRADE — offers a six-month CD with a highly competitive rate. And you can lock in the best possible rate by funding the CD within 10 days of opening it: if rates have changed by the time you fund the certificate, you'll get the higher of the rate between what was offered on the day you opened or the day you fund. Current Morgan Stanley Private Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Read review CIBC Bank USA Rating: 4.2 stars out of 5 4.2 Bankrate CD score Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.71% Min. deposit to open $1,000 Term 6 months Why CIBC Bank USA? CIBC Bank USA offers seven CDs with terms of up to 30 months, including a six-month CD that earns a highly competitive yield. These standard CDs require a $1,000 minimum deposit. The withdrawal penalty for CIBC's CDs is one of the lowest around: All CDs at CIBC Bank USA have a penalty of 30 days of simple interest. Current CIBC Bank USA CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review First Internet Bank of Indiana Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.92% Min. deposit to open $1,000 Term 6 months Why First Internet Bank of Indiana? In addition to its six-month CD, First Internet Bank of Indiana has seven other CDs that range from three months to five years. They all earn rates well above national averages and require a minimum opening deposit of $1,000. Early withdrawal penalties for terms above 18 months are steep. Current First Internet Bank of Indiana CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.30% APY $1,000 6 months 3.92% APY $1,000 1 year 3.83% APY $1,000 18 months 3.54% APY $1,000 2 years 3.45% APY $1,000 3 years 3.45% APY $1,000 4 years 3.45% APY $1,000 5 years 3.45% APY $1,000 Term APY Min. deposit 3 months 3.30% APY $1,000 6 months 3.92% APY $1,000 1 year 3.83% APY $1,000 18 months 3.54% APY $1,000 2 years 3.45% APY $1,000 3 years 3.45% APY $1,000 4 years 3.45% APY $1,000 5 years 3.45% APY $1,000 Read review BankFive Rating: 4 stars out of 5 4.0 Bankrate CD score Bankrate CD rating = 4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $500 Term 6 months Why BankFive? BankFive Connect offers seven standard CDs ranging from three months to three years, and most have great yields, except for the three-year CD. To open a CD here, you’ll need $500 dollars. The bank also offers one competitive specialty CD: a two-year “Investment CD,” which allows you to continue to add funds throughout the term. Current BankFive CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Read review Rising Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $1,000 Term 6 months Why Rising Bank? Rising Bank’s six-month CD earns a highly competitive rate, and the bank offers terms of up to three years. Other CD options include a two-year jumbo CD and two bump-up CDs with terms of 18 and 26 months. Also available are interest checking and high-yield savings accounts. Current Rising Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Read review Morgan Stanley Private Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.80% Min. deposit to open $0 Term 6 months Why Morgan Stanley Private Bank? E*TRADE from Morgan Stanley — which provides its deposit accounts via E*TRADE — offers a six-month CD with a highly competitive rate. And you can lock in the best possible rate by funding the CD within 10 days of opening it: if rates have changed by the time you fund the certificate, you'll get the higher of the rate between what was offered on the day you opened or the day you fund. Current Morgan Stanley Private Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Read review CIBC Bank USA Rating: 4.2 stars out of 5 4.2 Bankrate CD score Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.71% Min. deposit to open $1,000 Term 6 months Why CIBC Bank USA? CIBC Bank USA offers seven CDs with terms of up to 30 months, including a six-month CD that earns a highly competitive yield. These standard CDs require a $1,000 minimum deposit. The withdrawal penalty for CIBC's CDs is one of the lowest around: All CDs at CIBC Bank USA have a penalty of 30 days of simple interest. Current CIBC Bank USA CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review BankFive Rating: 4 stars out of 5 4.0 Bankrate CD score Bankrate CD rating = 4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $500 Term 6 months Why BankFive? BankFive Connect offers seven standard CDs ranging from three months to three years, and most have great yields, except for the three-year CD. To open a CD here, you’ll need $500 dollars. The bank also offers one competitive specialty CD: a two-year “Investment CD,” which allows you to continue to add funds throughout the term. Current BankFive CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Term APY Min. deposit 3 months 3.90% APY $500 6 months 3.90% APY $500 1 year 3.75% APY $500 3 years 0.85% APY $500 Read review Rising Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $1,000 Term 6 months Why Rising Bank? Rising Bank’s six-month CD earns a highly competitive rate, and the bank offers terms of up to three years. Other CD options include a two-year jumbo CD and two bump-up CDs with terms of 18 and 26 months. Also available are interest checking and high-yield savings accounts. Current Rising Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Read review Morgan Stanley Private Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.80% Min. deposit to open $0 Term 6 months Why Morgan Stanley Private Bank? E*TRADE from Morgan Stanley — which provides its deposit accounts via E*TRADE — offers a six-month CD with a highly competitive rate. And you can lock in the best possible rate by funding the CD within 10 days of opening it: if rates have changed by the time you fund the certificate, you'll get the higher of the rate between what was offered on the day you opened or the day you fund. Current Morgan Stanley Private Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Read review CIBC Bank USA Rating: 4.2 stars out of 5 4.2 Bankrate CD score Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.71% Min. deposit to open $1,000 Term 6 months Why CIBC Bank USA? CIBC Bank USA offers seven CDs with terms of up to 30 months, including a six-month CD that earns a highly competitive yield. These standard CDs require a $1,000 minimum deposit. The withdrawal penalty for CIBC's CDs is one of the lowest around: All CDs at CIBC Bank USA have a penalty of 30 days of simple interest. Current CIBC Bank USA CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review Rising Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.90% Min. deposit to open $1,000 Term 6 months Why Rising Bank? Rising Bank’s six-month CD earns a highly competitive rate, and the bank offers terms of up to three years. Other CD options include a two-year jumbo CD and two bump-up CDs with terms of 18 and 26 months. Also available are interest checking and high-yield savings accounts. Current Rising Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Term APY Min. deposit 6 months 3.90% APY $1,000 1 year 3.75% APY $1,000 15 months 3.30% APY $1,000 18 months 3.25% APY $5,000 2 years 3.20% APY $1,000 26 months 3.15% APY $10,000 3 years 2.75% APY $1,000 Read review Morgan Stanley Private Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.80% Min. deposit to open $0 Term 6 months Why Morgan Stanley Private Bank? E*TRADE from Morgan Stanley — which provides its deposit accounts via E*TRADE — offers a six-month CD with a highly competitive rate. And you can lock in the best possible rate by funding the CD within 10 days of opening it: if rates have changed by the time you fund the certificate, you'll get the higher of the rate between what was offered on the day you opened or the day you fund. Current Morgan Stanley Private Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Read review CIBC Bank USA Rating: 4.2 stars out of 5 4.2 Bankrate CD score Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.71% Min. deposit to open $1,000 Term 6 months Why CIBC Bank USA? CIBC Bank USA offers seven CDs with terms of up to 30 months, including a six-month CD that earns a highly competitive yield. These standard CDs require a $1,000 minimum deposit. The withdrawal penalty for CIBC's CDs is one of the lowest around: All CDs at CIBC Bank USA have a penalty of 30 days of simple interest. Current CIBC Bank USA CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review Morgan Stanley Private Bank Rating: 4.1 stars out of 5 4.1 Bankrate CD score Bankrate CD rating = 4.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.80% Min. deposit to open $0 Term 6 months Why Morgan Stanley Private Bank? E*TRADE from Morgan Stanley — which provides its deposit accounts via E*TRADE — offers a six-month CD with a highly competitive rate. And you can lock in the best possible rate by funding the CD within 10 days of opening it: if rates have changed by the time you fund the certificate, you'll get the higher of the rate between what was offered on the day you opened or the day you fund. Current Morgan Stanley Private Bank CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Term APY Min. deposit 6 months 3.80% APY No minimum 1 year 4.00% APY No minimum 2 years 3.65% APY No minimum 3 years 3.65% APY No minimum 5 years 3.75% APY No minimum Read review CIBC Bank USA Rating: 4.2 stars out of 5 4.2 Bankrate CD score Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.71% Min. deposit to open $1,000 Term 6 months Why CIBC Bank USA? CIBC Bank USA offers seven CDs with terms of up to 30 months, including a six-month CD that earns a highly competitive yield. These standard CDs require a $1,000 minimum deposit. The withdrawal penalty for CIBC's CDs is one of the lowest around: All CDs at CIBC Bank USA have a penalty of 30 days of simple interest. Current CIBC Bank USA CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review CIBC Bank USA Rating: 4.2 stars out of 5 4.2 Bankrate CD score Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.71% Min. deposit to open $1,000 Term 6 months Why CIBC Bank USA? CIBC Bank USA offers seven CDs with terms of up to 30 months, including a six-month CD that earns a highly competitive yield. These standard CDs require a $1,000 minimum deposit. The withdrawal penalty for CIBC's CDs is one of the lowest around: All CDs at CIBC Bank USA have a penalty of 30 days of simple interest. Current CIBC Bank USA CD Rates Caret Down Icon Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Term APY Min. deposit 6 months 3.71% APY $1,000 9 months 4.01% APY $1,000 1 year 3.76% APY $1,000 13 months 3.81% APY $1,000 18 months 3.61% APY $1,000 2 years 3.51% APY $1,000 30 months 3.01% APY $1,000 Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review Popular Direct Rating: 3.5 stars out of 5 3.5 Bankrate CD score Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 3.65% Min. deposit to open $10,000 Term 6 months Why Popular Direct? Popular Direct offers CDs in terms of up to five years with consistently high APYs, including its six-month CD. However, the bank’s minimum opening deposit requirement of $10,000 is among the highest for online-only banks. Current Popular Direct CD Rates Caret Down Icon Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Term APY Min. deposit 3 months 3.70% APY $10,000 6 months 3.65% APY $10,000 1 year 3.75% APY $10,000 18 months 3.45% APY $10,000 2 years 3.45% APY $10,000 3 years 3.45% APY $10,000 4 years 3.45% APY $10,000 5 years 3.45% APY $10,000 Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank
Read review Quorum Federal Credit Union Rating: 3.7 stars out of 5 3.7 Bankrate CD score Bankrate CD rating = 3.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Info Icon Annual percentage yield 2.25% Min. deposit to open $100 Term 6 months Why Quorum Federal Credit Union? Quorum Federal Credit Union offers ten term savings accounts, which is their term for certificates of deposit), ranging from three months to five years. Quorum’s CDs all require a relatively low $100 minimum deposit to open and some of the terms have competitive APYs, including its six-month CD. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.1 percent APY. And anyone can join this credit union by joining the American Consumer Council, which is free to do and can happen during the membership application process. Current Quorum Federal Credit Union CD Rates Caret Down Icon Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Term APY Min. deposit 3 months 2.20% APY $100 6 months 2.25% APY $100 1 year 2.60% APY $100 2 years 3.00% APY $100 3 years 3.00% APY $100 4 years 4.00% APY $100 5 years 3.50% APY $100 Lightbulb Icon In the news During the Federal Reserve’s last meeting May 6-7, officials chose to hold rates steady, leaving the target range for the federal funds rate at 4.25–4.50 percent. This was the third consecutive rate-setting meeting during which the Fed left rates unchanged, after it lowered rates three times in late 2024. Competitive CD rates tend to decrease before a Fed rate cut, anticipating the changes, and after. While there has been stability in some CD APYs since the Fed’s holding pattern began in January, how the Fed may change rates in 2025 — and how much it could impact CD rates — remains to be seen. Right now, CDs with shorter terms are still often earning higher APYs than their longer-term counterparts. And some six-month CDs currently earn APYs similar to those of top-yielding savings accounts. Plus, six-month CDs are also currently outpacing inflation by a good margin. The highest yields found on this page are above 4 percent APY, while inflation is at 2.3 percent over the last twelve months as of April 2025, according to the U.S. Bureau of Labor Statistics Consumer Price Index. How to find the best 6-month CD rates The top rates on six-month CDs can often be found from National Credit Union Administration (NCUA), your money is safe up to insurance limits whether or not it’s a small online bank or a well-known one. In addition to a competitive APY, you’ll also want to consider minimum deposit requirements and early withdrawal penalties. The advantage of a six-month CD is that you know you’ll be able to access the money in a shorter time frame. Since a CD typically has an early withdrawal penalty, you have to be willing to keep your money in the CD until the end of the term or lose out on some of the interest earnings. When should you get a 6-month CD? A six-month CD can be a good investment for those who are able to leave their money untouched for half a year, as CDs have early withdrawal penalties that eat into your interest — and possibly even your principal — if you pull out your money early. If you’re unsure about when you’ll need access to your money, a high-yield savings account at a federally insured bank or credit union is likely a smarter place for your money. Determining if a CD should be part of your portfolio depends on what you’re trying to accomplish. Probably the most important is the time horizon of the specific dollars in question. Since CDs offering the highest rates typically have an early withdrawal penalty, it’s key to be clear on when you need the money. Time horizon, plus the interest rate and penalty comparison between short- and long-term will be your determining factors. Bankrate logo Sean Mason, Investment Advisor Representative, Fresno Financial Advisors Alternatives to 6-month CDs When considering a six-month CD, compare it to other available accounts to determine when other options might be a better decision. Some alternatives to consider: Savings accounts Money market accounts Consider a longer-term CD Caret Down Icon Savings accounts Money market accounts Consider a longer-term CD With a savings account, you won’t face the early withdrawal penalties like you do if you break your six-month CD before it matures. But savings accounts have variable rates so your return isn’t guaranteed like it is with a CD. These savings accounts often allow you to access your money in ways that you can’t with a CD or even a savings account, including check-writing and ATM withdrawals. Currently, some high-yield six-month CDs and high-yielding money market accounts earn similar APYs. If guaranteed yields are calling you, you can also consider a longer-term CD, if it works for your savings goals. The longer you keep your money invested, the more interest you’ll earn. Meet the Bankrate Experts Written by Karen Bennett Karen Bennett Arrow Right Icon Senior Writer, Banking Twitter Icon LinkedIn Icon Read more from Karen Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021. Ribbon IconExpertise Consumer banking Savings accounts Edited by Marc Wojno, MBA Former Senior Editor, Banking Twitter Icon LinkedIn Icon Email Envelope Icon Reviewed by Greg McBride, CFA Former Chief Financial Analyst, Personal Finance Twitter Icon LinkedIn Icon Email Envelope Icon Research methodology Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. To find the best six-month CD rates, we regularly survey six-month CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on their current APY for a six-month CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about methodology for reviewing banks. Banks we monitor Caret Down Icon Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, Capital One, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Credit One Bank, Cross River Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E*TRADE from Morgan Stanley, East West Bank, Emigrant Bank, Emigrant Direct Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank of Indiana, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Frost Bank, Golden 1 Credit Union, Heritage Bank, Huntington National Bank, iGOBanking.com, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road, LendingClub Bank, Limelight Bank, Live Oak Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Merrick Bank, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Northpointe Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, SouthState Bank, Star One Credit Union, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, Synovus Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, Umpqua Bank, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, VyStar Credit Union, WebBank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank