Highest 6 Month Bank CD Rates at 0.92 Percent

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Current record low mortgage rates has been a godsend for homeowners refinancing and for home buyers. Unfortunately record low interest rates also means record low CD rates and savings rates. The Federal Reserve just unleashed more easing to drive interest rates even lower, the Fed also said it plans to keep the Fed funds rate near zero percent until mid 2015. This means deposit rates will stay low for at least three more years and probably longer.

In this week's National Rate survey released by the FDIC average 6 month CD interest rates are at 0.17 percent and average 6 month jumbo CD rates are at 0.18 percent, rather pathetic average rates if you ask me. Many banks are offering 6 month CD rates just above the average of 0.17 percent but thankfully there are still some banks interested in raising deposits so they are offering 6 month rates well above the average rate.


The best CD rates on 6 month certificates of deposit are available at many times the FDIC average. The highest CD rate on our 6 month rate list is from Doral Bank at 0.92 percent with an APY of 0.92 percent, more than 5 times the FDIC average rate.

The second best CD rate on our 6 month rate list is from two different banks. Colorado Federal Savings Bank and EH National Bank are both offering 6 month CD rates at 0.80 percent. These two banks are also offering rates well above the FDIC national average 6 month rate. Here are list of the best 6 month CD rates at banks on our list and the worst 6 month CD rates.

Best 6 Month CD Rates



  1. Doral Bank CD Rate 0.92% APY 0.92%

  2. Colorado FSB CD Rate 0.80% APY 0.80%

  3. EH National Bank CD Rate 0.80% APY 0.80%

  4. Ascencia, a div. of PBI Bank CD Rate 0.78% APY 0.78%

  5. AloStar Bank of Commerce CD Rate 0.76% APY 0.76%

  6. Ally Bank CD Rate 0.75% APY 0.75%

  7. ableBank CD Rate 0.75% APY 0.75%

  8. Discover Bank CD Rate 0.75% APY 0.75%

  9. OneWest Bank CD Rate 0.70% APY 0.70%

  10. Virtual Bank CD Rate 0.70% APY 0.70%


Worst 6 Month CD Rates



  1. Salem five CD Rate 0.15% APY 0.15%

  2. Fultdirect.com CD Rate 0.15% APY 0.15%

  3. iGOBanking CD Rate 0.15% APY 0.15%

  4. Citizens Trust Bank CD Rate 0.15% APY 0.15%

  5. State Farm Bank CD Rate 0.18% APY 0.18%

  6. Nova Bank CD Rate 0.20% APY 0.20%

  7. Direct2FFB CD Rate 0.25% APY 0.25%

  8. Intervest National Bank CD Rate 0.25% APY 0.25%

  9. Heritage Bank CD Rate 0.25% APY 0.25%

  10. American Bank CD Rate 0.30% APY 0.30%


You can compare CD rates at banks for many different certificate of deposit terms by searching our rate lists. We list the highest CD rates for 1 month to 60 month certificates of deposit.
 
Author: Robert Till
September 27th, 2012