Why should I get a 6-month CD?

Six-month CDs are a great way to get a taste of the CD world without commiting your money for a long period. They are also a great short-term CD option in a CD-ladder strategy.

Is a 6-month CD worth it?

A 6-month CD is worth it if you prefer the flexibility of a shorter CD term over the higher rate of a longer term.

How does a 6-month CD work?

After choosing a 6-month CD, you'll open an account and make an initial deposit, making sure to meet the minimum on your CD (if it has one). You'll then let your deposit grow over six months. Once the six months are over, your CD has matured, and you can withdraw your deposit plus interest. You can also reinvest your money into another CD or renew the 6-month CD at the same institution.

Top 6-Month CD Rates of December 2024: See Our Favorite Accounts

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Six-month CD rates are a great way to maximize your short-term savings, especially if you can score a higher interest rate. Your money isn't tied up as long as with longer CD terms, giving you the flexibility to pivot your investing strategy as needed.

Here are our picks for the best 6-month CD rates, what to consider when choosing a CD, and alternatives that may offer better returns.

Why trust The Motley Fool

Our team of experts assessed 100+ banking institutions
We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks
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We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased

Our picks for the best 6-month CD rates

Prime Alliance Bank CD 6 Months: 4.65% APY
Vio Bank High-Yield CD 6 Months: 4.70% APY
Quontic CD 6 Months: 4.25% APY
Synchrony Online CD 6 Months: 4.20%
Marcus by Goldman Sachs High Yield CD 6 Months: 4.10% APY
Barclays Online CD 6 Months: 4.00% APY
LendingClub CD 6 Months: 4.00% APY
Sallie Mae CD 6 Months: 3.95% APY
Western Alliance Bank CD 6 Months: 4.40% APY

How to compare 6-month CD rates

Here are some other factors besides APY to consider when comparing 6-month CDs:

Minimum deposit: Some CDs have minimum deposit requirements, while others don't. As with other types of bank accounts, be sure you can meet the minimum requirements. This is especially important if you plan on constructing a CD ladder made up of various maturity terms.
Fees: Most CDs don't charge monthly maintenance fees, but it's always good to check just in case. Getting one of the best 6-month CD rates is not as much of a financial victory if you're paying hefty fees.
Withdrawal penalties: Most financial institutions charge penalties if you withdraw money from a CD before it reaches maturity. Don't invest your money in a 6-month CD if you'll need the money within the next six months.
Compounding interest: Banks handle CD interest differently. Typically, interest compounds daily, weekly, or monthly. CDs with interest that compounds daily will earn you slightly more money over time.
Interest payouts: How does the bank pay interest? Does it pay monthly, quarterly, or annually? Do you have the choice between having interest paid directly to you or added to your account? Adding earned interest to your principal funds will maximize the benefits of snagging a high CD rate.
CD maturity: Many CDs will renew automatically following a grace period if you don't take action. You'll need to actively opt out at the end of your CD term, either by contacting your bank directly or withdrawing your funds during the grace period. Forgetting to do so means your money will be tied up -- often at different rate -- for another six months.
FDIC insurance: It might seem like a given, but always check that a bank is FDIC insured before opening a CD account. (Note: All of the CDs on our best-of list are offered by banks that are.) FDIC insurance means that your accounts are covered up to $250,000 per depositor, per bank, and in some cases banks offer even higher limits by partnering with other institutions.

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Compare the best 6-month CD rates

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Rates as of Dec. 18, 2024

Best 6-Month Certificates of Deposits (CDs) of 2024 picks.
Bank & CD Offer	APY	Term	Min. Deposit	Next Steps
Quontic CD Member FDIC.	APY: 4.25%	Term: 6 Months	Min. Deposit: $500	Open Account for On Secure Website.
Barclays Online CD Member FDIC.	APY: 4.00%	Term: 6 Months	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
LendingClub CD Member FDIC.	APY: 4.00%	Term: 6 Months	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Western Alliance Bank CD	APY: 4.40%	Term: 6 Months	Min. Deposit: $1	Open Account for On Secure Website.
Sallie Mae CD	APY: 3.95%	Term: 6 Months	Min. Deposit: $2,500	Read Review
Synchrony Online CD Member FDIC.	APY: 4.20%	Term: 6 Months	Min. Deposit: $0	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 6 Months	Min. Deposit: $500	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 4.65%	Term: 6 Months	Min. Deposit: $500	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 4.70%	Term: 6 Months	Min. Deposit: $500	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.05%	Term: 1 Months	Min. Deposit: $1,000
Freedom Bank High-Yield CDs from Raisin	APY: 4.30%	Term: 1 Months	Min. Deposit: $1	Read Review
Bask Bank CD Member FDIC.	APY: 4.65%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Wells Fargo Standard CD Member FDIC.	APY: up to 2.01%	Term: 3 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
Third Federal Standard CD Member FDIC.	APY: 2.00%	Term: 3 Months	Min. Deposit: $500	Read Review
Ally High Yield CD Member FDIC.	APY: 3.00%	Term: 3 Months	Min. Deposit: $0	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 3 Months	Min. Deposit: $500
Charles Schwab CD Member FDIC.	APY: up to 4.63%	Term: 3 Months	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.71%	Term: 3 Months	Min. Deposit: $10,000	Read Review
Western Alliance Bank CD	APY: 4.50%	Term: 3 Months	Min. Deposit: $1	Open Account for On Secure Website.
Freedom Bank High-Yield CDs from Raisin	APY: 4.30%	Term: 3 Months	Min. Deposit: $1	Read Review
Popular Direct CD Member FDIC.	APY: 4.65%	Term: 3 Months	Min. Deposit: $10,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 3 Months	Min. Deposit: $1,500	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.05%	Term: 3 Months	Min. Deposit: $1,000
Chase Standard CD Member FDIC.	APY: up to 4.75%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Flushing Bank CD Member FDIC.	APY: 4.50%	Term: 3 Months	Min. Deposit: $1,000	Read Review
Discover® Bank CD Member FDIC.	APY: 2.00%	Term: 3 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Wells Fargo Standard CD Member FDIC.	APY: up to 4.51%	Term: 4 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
First National Bank Special CD Member FDIC.	APY: 4.75%	Term: 5 Months	Min. Deposit: $5,000 or $10,000, depending on term
Pacific Western Bank Member FDIC.	APY: 4.90%	Term: 5 Months	Min. Deposit: —	Read Review
My Banking Direct CD Member FDIC.	APY: 5.50%	Term: 5 Months	Min. Deposit: $2,500	Read Review
Citi CD Member FDIC.	APY: 3.50%	Term: 6 Months	Min. Deposit: $500	Read Review
Discover® Bank CD Member FDIC.	APY: 3.70%	Term: 6 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Santander Bank CD Member FDIC.	APY: 4.15%	Term: 6 Months	Min. Deposit: $500	Read Review
CIT Bank CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
Generations Bank CD Member FDIC.	APY: 5.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.80%	Term: 6 Months	Min. Deposit: $1,000
Generations Bank High-Yield CD from Raisin	APY: 5.21%	Term: 6 Months	Min. Deposit: $1	Read Review
Capital One 360 CD Member FDIC.	APY: 3.80%	Term: 6 Months	Min. Deposit: $0	Read Review
EverBank Performance℠ CD	APY: 4.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 0.50%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 4.75%	Term: 6 Months	Min. Deposit: $1,500	Read Review
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 6 Months	Min. Deposit: $0	Read Review
Popular Direct CD Member FDIC.	APY: 4.40%	Term: 6 Months	Min. Deposit: $10,000	Read Review
Wells Fargo Standard CD Member FDIC.	APY: up to 2.01%	Term: 6 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 4.35%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Bask Bank CD Member FDIC.	APY: 4.45%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 4.50%	Term: 6 Months	Min. Deposit: $10,000	Read Review
NexBank Standard CD Member FDIC.	APY: 4.24%	Term: 6 Months	Min. Deposit: $10,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.25%	Term: 6 Months	Min. Deposit: $1,000
First Tech CD	APY: up to 4.91%	Term: 6 Months	Min. Deposit: $500	Read Review
Chase Standard CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Freedom Bank High-Yield CDs from Raisin	APY: 4.20%	Term: 6 Months	Min. Deposit: $1	Read Review
Valley Bank CD Member FDIC.	APY: 4.75%	Term: 6 Months	Min. Deposit: $500
Charles Schwab CD Member FDIC.	APY: up to 4.35%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 5.30%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Arvest Bank CD Member FDIC.	APY: up to 4.30%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Ally High Yield CD Member FDIC.	APY: 4.40%	Term: 6 Months	Min. Deposit: $0	Read Review
All America Bank CD Member FDIC.	APY: 4.50%	Term: 6 Months	Min. Deposit: $500	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 4.00%	Term: 6 Months	Min. Deposit: $250.00	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 6 Months	Min. Deposit: $500
Ponce Bank High-Yield CD from Raisin	APY: 4.00%	Term: 6 Months	Min. Deposit: $1	Read Review
Fidelity CD Member FDIC.	APY: 5.25%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Third Federal Standard CD Member FDIC.	APY: 3.00%	Term: 6 Months	Min. Deposit: $500	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 6 Months	Min. Deposit: $1,000
BMO Bank Member FDIC.	APY: 0.05%	Term: 6 Months	Min. Deposit: $1,000	Read Review
Old National Bank CD Member FDIC.	APY: 4.75%	Term: 7 Months	Min. Deposit: $500	Read Review
Huntington Bank Promotional CD Member FDIC.	APY: 5.13%	Term: 7 Months	Min. Deposit: $1,000
Wells Fargo Standard CD Member FDIC.	APY: up to 4.26%	Term: 7 Months	Min. Deposit: $2,500 for Standard, $5,000 for Special	Read Review
Citi CD Member FDIC.	APY: 3.50%	Term: 7 Months	Min. Deposit: $500	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 4.34%	Term: 7 Months	Min. Deposit: $1,000	Read Review
Ponce Bank CDs Member FDIC.	APY: 5.25%	Term: 7 Months	Min. Deposit: $1,000
First National Bank Special CD Member FDIC.	APY: 4.50%	Term: 7 Months	Min. Deposit: $5,000 or $10,000, depending on term
Pacific Western Bank Member FDIC.	APY: 5.00%	Term: 7 Months	Min. Deposit: —	Read Review
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.99%	Term: 9 Months	Min. Deposit: $10,000
Salem Five Bank CD Member FDIC.	APY: 4.25%	Term: 9 Months	Min. Deposit: $10,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 9 Months	Min. Deposit: $1,500	Read Review
Sallie Mae CD	APY: 4.00%	Term: 9 Months	Min. Deposit: $2,500	Read Review
Bask Bank CD Member FDIC.	APY: 4.30%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Ally High Yield CD Member FDIC.	APY: 4.30%	Term: 9 Months	Min. Deposit: $0	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 9 Months	Min. Deposit: $1,000
TD Bank CD Member FDIC.	APY: 1.00% - 4.00%	Term: 9 Months	Min. Deposit: $250.00	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 9 Months	Min. Deposit: $500	Read Review
Freedom Bank No Penalty CDs from Raisin	APY: 3.65%	Term: 9 Months	Min. Deposit: $1	Read Review
Flushing Bank CD Member FDIC.	APY: 3.75%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Citi CD Member FDIC.	APY: 2.50%	Term: 9 Months	Min. Deposit: $500	Read Review
Western Alliance Bank CD	APY: 4.35%	Term: 9 Months	Min. Deposit: $1	Open Account for On Secure Website.
Forbright Bank CD Member FDIC.	APY: 5.30%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.80%	Term: 9 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 9 Months	Min. Deposit: $0	Read Review
Chase Standard CD Member FDIC.	APY: up to 4.50%	Term: 9 Months	Min. Deposit: $1,000	Read Review
Generations Bank High-Yield CD from Raisin	APY: 5.31%	Term: 10 Months	Min. Deposit: $1	Read Review
LendingClub CD Member FDIC.	APY: 4.25%	Term: 10 Months	Min. Deposit: $2,500	Open Account for On Secure Website.
CIT Bank No-Penalty CD Member FDIC.	APY: 3.50%	Term: 11 Months	Min. Deposit: $1,000	Open Account for CIT Bank No-Penalty CD On CIT's Secure Website.
Republic Bank of Chicago CD Member FDIC.	APY: 4.04%	Term: 11 Months	Min. Deposit: $1,000	Read Review
American Express National Bank CD Member FDIC.	APY: 3.75%	Term: 11 Months	Min. Deposit: $0	Read Review
Huntington Bank Promotional CD Member FDIC.	APY: 4.86%	Term: 11 Months	Min. Deposit: $1,000
Citi CD Member FDIC.	APY: 2.50%	Term: 1 Year	Min. Deposit: $500	Read Review
All America Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $500	Read Review
Discover® Bank CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Edward Jones CD Member FDIC.	APY: 5.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
LendingClub CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Fidelity CD Member FDIC.	APY: 5.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
BMO Bank Member FDIC.	APY: 2.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.40%	Term: 1 Year	Min. Deposit: $1,000
Republic Bank of Chicago CD Member FDIC.	APY: 0.75%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 1 Year	Min. Deposit: $1,000
Bask Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 4.10%	Term: 1 Year	Min. Deposit: $2,500	Read Review
Synchrony Online CD Member FDIC.	APY: 4.40%	Term: 1 Year	Min. Deposit: $0	Read Review
Capital One 360 CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $0	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 4.10%	Term: 1 Year	Min. Deposit: $500	Read Review
Chase Standard CD Member FDIC.	APY: 2.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 4.50%	Term: 1 Year	Min. Deposit: $500	Read Review
Ally High Yield CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $0	Read Review
Third Federal Standard CD Member FDIC.	APY: 1.50%	Term: 1 Year	Min. Deposit: $500	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 4.42%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Quontic CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $500	Open Account for On Secure Website.
Forbright Bank CD Member FDIC.	APY: 5.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 4.37%	Term: 1 Year	Min. Deposit: $10,000	Read Review
EverBank Performance℠ CD	APY: 4.00%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 4.30%	Term: 1 Year	Min. Deposit: $1,500	Read Review
Tab Bank CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $1,000	Read Review
American Express National Bank CD Member FDIC.	APY: 3.60%	Term: 1 Year	Min. Deposit: $0	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.40%	Term: 1 Year	Min. Deposit: $1,000
Connexus Credit Union Share CD	APY: 4.51%	Term: 1 Year	Min. Deposit: $5,000	Read Review
Popular Direct CD Member FDIC.	APY: 4.30%	Term: 1 Year	Min. Deposit: $10,000	Read Review
Western Alliance Bank CD	APY: 4.25%	Term: 1 Year	Min. Deposit: $1	Open Account for On Secure Website.
Citizens CD Member FDIC.	APY: 5.00%	Term: 1 Year	Min. Deposit: $5,000	Read Review
Valley Bank CD Member FDIC.	APY: 4.50%	Term: 1 Year	Min. Deposit: $500
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 1 Year	Min. Deposit: $500
Charles Schwab CD Member FDIC.	APY: up to 4.50%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 4.20%	Term: 1 Year	Min. Deposit: $500	Read Review
Freedom Bank High-Yield CDs from Raisin	APY: 4.00%	Term: 1 Year	Min. Deposit: $1	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 3.75%	Term: 1 Year	Min. Deposit: $250.00	Read Review
E*TRADE CD Member FDIC.	APY: 4.25%	Term: 1 Year	Min. Deposit: $0	Read Review
Flushing Bank CD Member FDIC.	APY: 3.85%	Term: 1 Year	Min. Deposit: $1,000	Read Review
First Tech CD	APY: up to 4.55%	Term: 1 Year	Min. Deposit: $500	Read Review
Freedom Bank No Penalty CDs from Raisin	APY: 3.75%	Term: 1 Year	Min. Deposit: $1	Read Review
Arvest Bank CD Member FDIC.	APY: up to 4.05%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Barclays Online CD Member FDIC.	APY: 4.15%	Term: 1 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Generations Bank CD Member FDIC.	APY: 5.20%	Term: 1 Year	Min. Deposit: $1,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 4.00%	Term: 1 Year	Min. Deposit: $10,000	Read Review
BMO CD Specials Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $5,000 or $10,000, depending on term
Republic Bank of Chicago CD Member FDIC.	APY: 4.33%	Term: 13 Months	Min. Deposit: $1,000	Read Review
Santander Bank CD Member FDIC.	APY: 4.00%	Term: 13 Months	Min. Deposit: $500	Read Review
SchoolsFirst Federal Credit Union CD Federally insured by NCUA.	APY: 5.00%	Term: 13 Months	Min. Deposit: $500
Pacific Western Bank Member FDIC.	APY: 5.15%	Term: 13 Months	Min. Deposit: —	Read Review
CIT Bank CD Member FDIC.	APY: 3.50%	Term: 13 Months	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.54%	Term: 15 Months	Min. Deposit: $10,000
Citi CD Member FDIC.	APY: 0.50% to 1.01%	Term: 15 Months	Min. Deposit: $500	Read Review
Golden 1 Credit Union CD Federally insured by NCUA.	APY: 5.10%	Term: 16 Months	Min. Deposit: $500	Read Review
Popular Direct CD Member FDIC.	APY: 3.85%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
EverBank Performance℠ CD	APY: 3.70%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 1.5 Year	Min. Deposit: $500
CIT Bank CD Member FDIC.	APY: 3.00%	Term: 1.5 Year	Min. Deposit: $1,000	Open Account for CIT Bank CD On CIT's Secure Website.
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $500	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Bask Bank CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.98%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
Barclays Online CD Member FDIC.	APY: 3.25%	Term: 1.5 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Vanguard Brokered CD Member FDIC.	APY: 5.40%	Term: 1.5 Year	Min. Deposit: $1,000
Capital One 360 CD Member FDIC.	APY: 3.70%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Bread Savings CD Member FDIC.	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $1,500	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 4.00%	Term: 1.5 Year	Min. Deposit: $500	Read Review
Synchrony Online CD Member FDIC.	APY: 4.25%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Discover® Bank CD Member FDIC.	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
BMO Bank Member FDIC.	APY: 1.70%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 3.00%	Term: 1.5 Year	Min. Deposit: $250.00	Read Review
E*TRADE CD Member FDIC.	APY: 3.90%	Term: 1.5 Year	Min. Deposit: $0	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 4.15%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 5.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Fidelity CD Member FDIC.	APY: 5.00%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Ally High Yield CD Member FDIC.	APY: 4.00%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Tab Bank CD Member FDIC.	APY: 3.95%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 3.80%	Term: 1.5 Year	Min. Deposit: $2,500	Read Review
American Express National Bank CD Member FDIC.	APY: 3.35%	Term: 1.5 Year	Min. Deposit: $0	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.25%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
LendingClub CD Member FDIC.	APY: 3.75%	Term: 1.5 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Citi CD Member FDIC.	APY: 2.45%	Term: 1.5 Year	Min. Deposit: $500	Read Review
Alliant CD Member FDIC.	APY: 4.25%	Term: 1.5 Year	Min. Deposit: $1,000	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 4.15%	Term: 1.5 Year	Min. Deposit: $500	Read Review
Salem Five Bank CD Member FDIC.	APY: 3.50%	Term: 1.5 Year	Min. Deposit: $10,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 1.5 Year	Min. Deposit: $1,000
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 19 Months	Min. Deposit: $5,000 or $10,000, depending on term
TD Bank CD Member FDIC.	APY: 1.00% - 3.00%	Term: 2 Year	Min. Deposit: $250.00	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Arvest Bank CD Member FDIC.	APY: up to 3.55%	Term: 2 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 2 Year	Min. Deposit: $500
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Read Review
Citizens CD Member FDIC.	APY: 4.00%	Term: 2 Year	Min. Deposit: $5,000	Read Review
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 2 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
EverBank Performance℠ CD	APY: 3.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 4.15%	Term: 2 Year	Min. Deposit: $500	Read Review
Salem Five Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $10,000	Read Review
Popular Direct CD Member FDIC.	APY: 3.80%	Term: 2 Year	Min. Deposit: $10,000	Read Review
Generations Bank CD Member FDIC.	APY: 4.24%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
E*TRADE CD Member FDIC.	APY: 3.80%	Term: 2 Year	Min. Deposit: $0	Read Review
Valley Bank CD Member FDIC.	APY: 4.00%	Term: 2 Year	Min. Deposit: $500
Synchrony Online CD Member FDIC.	APY: 3.90%	Term: 2 Year	Min. Deposit: $0	Read Review
Quontic CD Member FDIC.	APY: 3.35%	Term: 2 Year	Min. Deposit: $500	Open Account for On Secure Website.
Bread Savings CD Member FDIC.	APY: 3.85%	Term: 2 Year	Min. Deposit: $1,500	Read Review
Connexus Credit Union Share CD	APY: 4.53%	Term: 2 Year	Min. Deposit: $5,000	Read Review
Tab Bank CD Member FDIC.	APY: 3.85%	Term: 2 Year	Min. Deposit: $1,000	Read Review
BMO Bank Member FDIC.	APY: 1.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 2 Year	Min. Deposit: $1,000
Citi CD Member FDIC.	APY: 2.00%	Term: 2 Year	Min. Deposit: $500	Read Review
Vio Bank High-Yield CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $500	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.00%	Term: 2 Year	Min. Deposit: $1,000	Read Review
First Tech CD	APY: up to 2.25%	Term: 2 Year	Min. Deposit: $500	Read Review
Discover® Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
NexBank Standard CD Member FDIC.	APY: 3.55%	Term: 2 Year	Min. Deposit: $10,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.40%	Term: 2 Year	Min. Deposit: $1,000	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 3.93%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Edward Jones CD Member FDIC.	APY: 4.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Fidelity CD Member FDIC.	APY: 4.90%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 3.75%	Term: 2 Year	Min. Deposit: $2,500	Read Review
All America Bank CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $500	Read Review
Flushing Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $1,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 2 Year	Min. Deposit: $1,000
LendingClub CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
American Express National Bank CD Member FDIC.	APY: 3.50%	Term: 2 Year	Min. Deposit: $0	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.10%	Term: 2 Year	Min. Deposit: $1,000
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.70%	Term: 2 Year	Min. Deposit: $500	Read Review
Bask Bank CD Member FDIC.	APY: 3.75%	Term: 2 Year	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 25 Months	Min. Deposit: $5,000 or $10,000, depending on term
BMO CD Specials Member FDIC.	APY: 3.75%	Term: 25 Months	Min. Deposit: $1,000	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 30 Months	Min. Deposit: $1,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 30 Months	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 30 Months	Min. Deposit: $0	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 35 Months	Min. Deposit: $5,000 or $10,000, depending on term
BMO CD Specials Member FDIC.	APY: 3.75%	Term: 35 Months	Min. Deposit: $1,000	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Tab Bank CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Salem Five Bank CD Member FDIC.	APY: 2.00%	Term: 3 Year	Min. Deposit: $10,000	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $0	Read Review
Ally High Yield CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $0	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.65%	Term: 3 Year	Min. Deposit: $500	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 2.75%	Term: 3 Year	Min. Deposit: $250.00	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $1,500	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 3.77%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 3.60%	Term: 3 Year	Min. Deposit: $2,500	Read Review
Quontic CD Member FDIC.	APY: 3.25%	Term: 3 Year	Min. Deposit: $500	Open Account for On Secure Website.
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Charles Schwab CD Member FDIC.	APY: up to 4.25%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 3 Year	Min. Deposit: $1,000
BMO Bank Member FDIC.	APY: 1.40%	Term: 3 Year	Min. Deposit: $1,000	Read Review
LendingClub CD Member FDIC.	APY: 3.50%	Term: 3 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
All America Bank CD Member FDIC.	APY: 3.25%	Term: 3 Year	Min. Deposit: $500	Read Review
Citizens CD Member FDIC.	APY: 3.35%	Term: 3 Year	Min. Deposit: $5,000	Read Review
Popular Direct CD Member FDIC.	APY: 3.65%	Term: 3 Year	Min. Deposit: $10,000	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 3 Year	Min. Deposit: $500
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 3 Year	Min. Deposit: $0	Read Review
NexBank Standard CD Member FDIC.	APY: 3.44%	Term: 3 Year	Min. Deposit: $10,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 4.00%	Term: 3 Year	Min. Deposit: $1,000
Edward Jones CD Member FDIC.	APY: 4.80%	Term: 3 Year	Min. Deposit: $1,000	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 3 Year	Min. Deposit: $1,000	Read Review
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 3 Year	Min. Deposit: $0	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 3 Year	Min. Deposit: $1,000
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 3 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
First Tech CD	APY: up to 2.45%	Term: 3 Year	Min. Deposit: $500	Read Review
E*TRADE CD Member FDIC.	APY: 3.60%	Term: 3 Year	Min. Deposit: $0	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 3.75%	Term: 3 Year	Min. Deposit: $500	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 3 Year	Min. Deposit: $500	Read Review
Fidelity CD Member FDIC.	APY: 4.80%	Term: 3 Year	Min. Deposit: $1,000	Read Review
PNC Fixed Rate CD Member FDIC.	APY: up to 1.75%	Term: 37 Months	Min. Deposit: $1,000	Read Review
BMO CD Specials Member FDIC.	APY: 3.80%	Term: 45 Months	Min. Deposit: $1,000	Read Review
Ponce Bank High-Yield CD from Raisin	APY: 1.61%	Term: 4 Year	Min. Deposit: $1	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.25%	Term: 4 Year	Min. Deposit: $1,000
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 4 Year	Min. Deposit: $0	Read Review
Edward Jones CD Member FDIC.	APY: 4.55%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Salem Five Bank CD Member FDIC.	APY: 2.25%	Term: 4 Year	Min. Deposit: $10,000	Read Review
First Internet Bank of Indiana CD Member FDIC.	APY: 3.62%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $1,500	Read Review
Tab Bank CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 3.80%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Citizens CD Member FDIC.	APY: 3.40%	Term: 4 Year	Min. Deposit: $5,000	Read Review
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 4 Year	Min. Deposit: $500	Read Review
Popular Direct CD Member FDIC.	APY: 3.60%	Term: 4 Year	Min. Deposit: $10,000	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 4 Year	Min. Deposit: $1,000
Fidelity CD Member FDIC.	APY: 4.55%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $0	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
Barclays Online CD Member FDIC.	APY: 3.00%	Term: 4 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 4 Year	Min. Deposit: $0	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 4 Year	Min. Deposit: $500	Read Review
All America Bank CD Member FDIC.	APY: 3.25%	Term: 4 Year	Min. Deposit: $500	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 3.85%	Term: 4 Year	Min. Deposit: $1,000
Prime Alliance Bank CD Member FDIC.	APY: 3.50%	Term: 4 Year	Min. Deposit: $500	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 4 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.00%	Term: 4 Year	Min. Deposit: $500
NexBank Standard CD Member FDIC.	APY: 3.34%	Term: 4 Year	Min. Deposit: $10,000	Read Review
BMO Bank Member FDIC.	APY: 1.35%	Term: 4 Year	Min. Deposit: $1,000	Read Review
NASA Federal Credit Union High-Yield Certificate Federally insured by NCUA.	APY: 4.09%	Term: 49 Months	Min. Deposit: $10,000
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 52 Months	Min. Deposit: $5,000 or $10,000, depending on term
BMO CD Specials Member FDIC.	APY: 3.90%	Term: 59 Months	Min. Deposit: $1,000	Read Review
Sallie Mae CD	APY: 3.75%	Term: 5 Year	Min. Deposit: $2,500	Read Review
All America Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $500	Read Review
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 5 Year	Min. Deposit: $1,000
Tab Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Charles Schwab CD Member FDIC.	APY: up to 4.30%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Citi CD Member FDIC.	APY: 2.00%	Term: 5 Year	Min. Deposit: $500	Read Review
Forbright Bank CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $1,000	Read Review
First National Bank Standard CD Member FDIC.	APY: 1.50%	Term: 5 Year	Min. Deposit: $500
Edward Jones CD Member FDIC.	APY: 4.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Popular Direct CD Member FDIC.	APY: 3.55%	Term: 5 Year	Min. Deposit: $10,000	Read Review
Prime Alliance Bank CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $500	Read Review
Vanguard Brokered CD Member FDIC.	APY: 5.35%	Term: 5 Year	Min. Deposit: $1,000
LendingClub CD Member FDIC.	APY: 3.40%	Term: 5 Year	Min. Deposit: $2,500	Open Account for LendingClub CD On LendingClub's Secure Website.
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 5 Year	Min. Deposit: $500	Read Review
Synchrony Online CD Member FDIC.	APY: 4.00%	Term: 5 Year	Min. Deposit: $0	Read Review
BMO Bank Member FDIC.	APY: 1.35%	Term: 5 Year	Min. Deposit: $1,000	Read Review
NexBank Standard CD Member FDIC.	APY: 3.29%	Term: 5 Year	Min. Deposit: $10,000	Read Review
NASA Federal Credit Union Share Certificate Federally insured by NCUA.	APY: 3.75%	Term: 5 Year	Min. Deposit: $1,000
Quontic CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $500	Open Account for On Secure Website.
First Internet Bank of Indiana CD Member FDIC.	APY: 3.67%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Ally High Yield CD Member FDIC.	APY: 3.60%	Term: 5 Year	Min. Deposit: $0	Read Review
First Tech CD	APY: up to 3.55%	Term: 5 Year	Min. Deposit: $500	Read Review
Capital One 360 CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $0	Read Review
American Express National Bank CD Member FDIC.	APY: 3.00%	Term: 5 Year	Min. Deposit: $0	Read Review
Republic Bank of Chicago CD Member FDIC.	APY: 1.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Bread Savings CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $1,500	Read Review
EverBank Performance℠ CD	APY: 3.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Chase Standard CD Member FDIC.	APY: 2.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Fidelity CD Member FDIC.	APY: 4.50%	Term: 5 Year	Min. Deposit: $1,000	Read Review
Barclays Online CD Member FDIC.	APY: 3.25%	Term: 5 Year	Min. Deposit: $0	Open Account for Barclays Online CD On Barclays' Secure Website.
E*TRADE CD Member FDIC.	APY: 3.50%	Term: 5 Year	Min. Deposit: $0	Read Review
TD Bank CD Member FDIC.	APY: 1.00% - 2.25%	Term: 5 Year	Min. Deposit: $250.00	Read Review
Salem Five Bank CD Member FDIC.	APY: 2.25%	Term: 5 Year	Min. Deposit: $10,000	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 5 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Citizens CD Member FDIC.	APY: 3.45%	Term: 5 Year	Min. Deposit: $5,000	Read Review
PNC Fixed Rate CD Member FDIC.	APY: up to 2.00%	Term: 61 Months	Min. Deposit: $1,000	Read Review
First National Bank Special CD Member FDIC.	APY: 3.00%	Term: 61 Months	Min. Deposit: $5,000 or $10,000, depending on term
Huntington Bank Standard CD Member FDIC.	APY: 0.10%	Term: 6 Year	Min. Deposit: $1,000
Marcus by Goldman Sachs High Yield CD Member FDIC.	APY: 3.60%	Term: 6 Year	Min. Deposit: $500	Read Review
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 7 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.
Discover® Bank CD Member FDIC.	APY: 3.40%	Term: 10 Year	Min. Deposit: $0	Open Account for Discover® Bank CD On Discover Bank's Secure Website.

Our CDs methodology

At Motley Fool Money, our certificates of deposit (CDs) ratings primarily focus on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Motley Fool Money tracks just standard CDs, not IRA, bump up, callable, and other less popular CD accounts. CD rates displayed on this Best 6-Month CD Rates page are comprised of both the highest CD rates in Motley Fool Money's universe of tracked rates and featured placements from advertisers. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list.
Learn more about how Motley Fool Money rates bank accounts.

A note from our head of product ratings, Robin Hartill, CFP®

The CD accounts we select maximize the earnings on your savings while providing security and predictability. Here's what we emphasize:

Competitive interest rates
Reasonable minimum deposit
Low fees and withdrawal penalties

These elements are critical to keeping your savings safe and compounding.

Reviews of the top 6-month CDs

Western Alliance Bank CD 6 Months (4.40% APY)

What we like about this 6-month CD: You can open a Western Alliance Bank CD with just $1. Western Alliance Bank's generous rates and that low minimum mean this could be a great bank to build your short-term CD ladder.
What you should know before opening an account: This CD is offered through the Raisin platform, not through Western Alliance Bank directly. Raisin only allows you to link one outside bank account to its platform, and when your CD term is up, that's where you'll transfer your principal and earnings.

Read our full Western Alliance Bank CD review

Quontic CD 6 Months (4.25% APY)

What we like about this 6-month CD: Quontic CDs can be opened in just three minutes, according to the bank's website -- and you only need $500 to do it.
What you should know before opening an account: For Quontic CDs with terms less than one year, you'll lose all the interest you've earned if you choose to withdraw your money early. This is a particularly harsh early withdrawal penalty, so avoid Quontic CD if you think you might need your money before six months are up.

Learn more on Quontic's website

Barclays Online CD 6 Months (4.00% APY)

What we like about this 6-month CD: Want to open a CD with no minimum amount of money? Barclays lets you -- so you can get started with CDs even as a beginning saver.
What you should know before opening an account: The Barclays 6-month CD has its best available term (and shorter terms in general are best at Barclays) -- look to this bank for a very short-term CD ladder.

Learn more on Barclays' website

LendingClub CD 6 Months (4.00% APY)

What we like about this 6-month CD: Concerned about banking safety? LendingClub pays close attention to security, protecting your data with 256-bit encryption.
What you should know before opening an account: LendingClub CDs require a very high minimum deposit to open ($2,500) -- but the high rates ensure you earn a sizable chunk of change.

Learn more on LendingClub's website

Sallie Mae CD 6 Months (3.95% APY)

What we like about this 6-month CD: Sallie Mae CDs offer a fully online experience along with high rates.
What you should know before opening an account: You'll have to open a Sallie Mae CD with a sizable deposit, so despite the short term, a 6-month CD from Sallie Mae might not fit into your CD ladder plans.

Read our full Sallie Mae CD review

Synchrony Online CD 6 Months (4.20% APY)

What we like about this 6-month CD: Want to make money on your CD? Synchrony Bank lets you withdraw your earned interest every month.
What you should know before opening an account: There's no required minimum deposit to open a Synchrony Online CD, so consider them for a CD ladder.

Read our full Synchrony Online CD review

Marcus by Goldman Sachs High Yield CD 6 Months (4.10% APY)

What we like about this 6-month CD: Unlike most CDs, you have up to 30 days after opening a Marcus by Goldman Sachs High Yield CD to add more money to the account.
What you should know before opening an account: There's a reasonable required minimum opening deposit for a Marcus by Goldman Sachs High Yield CD ($500) and a pretty broad selection of terms, so you could keep your CD ladder with this bank.

Read our full Marcus by Goldman Sachs High Yield CD review

Prime Alliance Bank CD 6 Months (4.65% APY)

What we like about this 6-month CD: You won't need to deposit a ton of money to open a Prime Alliance Bank CD, making them a good choice if you're hoping to ladder your CDs.
What you should know before opening an account: Prime Alliance Bank doesn't offer CD terms outside the commonly available ones, so look to other banks if you need unusual terms for your CD ladder.

Read our full Prime Alliance Bank review

Vio Bank High-Yield CD 6 Months (4.70% APY)

What we like about this 6-month CD: Vio Bank doesn't require a high minimum opening deposit, and the bank's shorter-term CDs offer the best rates.
What you should know before opening an account: If you withdraw some of your money early from a 6-month CD, you'll be penalized 1% of the amount withdrawn plus a $25 fee.

Read our full Vio Bank review

What is a 6-month CD?

A 6-month CD is a bank account that locks a deposit up for six months in exchange for a fixed interest rate. Like other CDs, six-month CDs usually come with an early withdrawal penalty, usually equal to three months of interest, which you pay if you cash out your CD early.

However, 6-month CDs have shorter maturity periods than other CD terms, which could reduce the risk of needing to withdraw funds early.

Who is it right for?

A 6-month CD is right for people who want to earn a decent interest rate but don't want their money tied up longer than six months.

How much can you earn with a 6-month CD?

How much you earn depends on your rate and how much you deposit into the CD. Let's look at some examples.

High-yield 6-month CDs

The best CDs have rates in the 4.50% to 5.50% range. To look at some actual numbers, here's what you'd earn with $1,000 in a high-yield 6-month CD based on the APY:

APY	4.50%	4.75%	5%	5.25%	5.50%
End balance	$1,022.71	$1,023.99	$1,025.26	$1,026.54	$1,027.82
Total interest	$22.71	$23.99	$25.26	$26.54	$27.82

Data source: Author's calculations.

At the low end, you're looking at a total interest earning of $22.71, which is great for just letting your money sit there.

(We assumed that the CD compounds monthly in these calculations. Some may actually compound daily, so you could maybe boost these totals by a few cents in that case.)

Average 6-month CDs

Now, above we looked at some of the best CDs. That's an important distinction to make, because many, many institutions are not going to offer you rates anywhere near this high.

An average 6-month CDs offers APYs as low as 0.03%. Stay away from these low-rate CDs. Here's how little $1,000 will grow in an "average" 6-month CD:

APY	0.03%	0.50%	1.00%	1.49%	2.50%
End balance	$1,000.15	$1,002.50	$1,005.01	$1,007.47	$1,012.57
Total interest	$0.15	$2.50	$5.01	$7.47	$12.57

Data source: Author's calculations.

Will 6-month CD rates increase in 2024?

No, it's unlikely 6-month CD rates will go any higher in 2024. In fact, CD rates have slowly dropped.

While the drops have been subtle, they could be more pronounced if the Federal Reserve decides to cut its federal funds rate, which is the primary reason CD rates have been at their highest in over a decade. If you're interested in investing in short-term CDs, it might be prudent to lock in a rate while they're still high.

Pros and cons

Opening a 6-month CD account can be a solid investment choice, but it also has its drawbacks. Here are some pros and cons to opening 6-month CDs.

Pros

Higher rates: The best 6-month CD rates are higher than the average savings account rates. That's because banks reward CD customers with better rates for leaving their money untouched in the bank long term. However, 6-month CDs tend to have lower rates than longer-term CDs.
Fixed rates won't fall: CD rates are fixed, which gives them an advantage over savings accounts. If you lock in a high 6-month CD rate, you'll earn at that rate until your CD reaches maturity -- even if market rates drop.
Predictable returns: Customers can easily calculate exactly how much interest they will earn from any bank's CD simply by looking at the bank's 6-month CD rates.

Cons

Rates may rise: Having a fixed rate is great until you see rates start to rise. Even with short-term CDs, you will lose out on added savings if rates go up.
Penalties: Tying up your money in 6-month CDs may not seem like a big deal now, but a lot can happen in that time. The benefits of even the best 6-month CD rates will go out the window if you have to pay early-withdrawal penalties.
Inflation risks: Although this isn't a common problem with shorter CD terms, there's always the possibility your CD rate doesn't keep up with inflation. This is another reason it's a good idea to look for the best 6-month CD rates: The higher your rate, the better chance you have of outpacing inflation.

Alternatives to a 6-month CD

The best 6-month CD rates allow you to earn a fair amount of money in a short amount of time. However, other options might provide more flexibility or more growth. Here are a few alternatives to a 6-month CD to consider:

High-yield savings accounts

For high-yield interest while keeping your money accessible, try a high-yield savings account. The interest on these accounts can sometimes approach 6-month CD rates. Another plus: Savings accounts don't require you to leave your money untouched long term. However, keep in mind that savings account interest rates are not guaranteed for any specific length of time, and can certainly rise or fall significantly within a six-month period.

Money market accounts

Money market accounts are similar to savings accounts, but they often come with extra features like an ATM card or check-writing privileges. They also feature high-yield savings rates that are comparable to the best CD rates. Money market accounts are a great way to build toward a savings goal, like a vacation or emergency fund.

Longer-term CDs

Typically, a longer CD term will offer a higher interest rate than even the best 6-month CD rates. But be careful: You could face hefty penalties if you need to withdraw funds early. Another option is to build a CD ladder. This strategy involves opening several CD accounts of varying lengths. CD ladders allow you to take advantage of higher rates without tying up all of your money long term.

Investments

If you are playing the long game, CDs are unlikely to earn as much interest as investing in stocks or a retirement fund. However, you won't see high returns on the stock market within six months -- you'll likely need to wait a few years. There's also a greater risk because stocks can fall dramatically in a short time. Investing is only a smart choice if you can let your money sit and grow long term.

Six-month CDs are one of the shortest CD terms available, but typically have higher APYs than the national savings rate. Whether a CD is right for you depends on your banking needs and whether you can commit to leaving your money alone for a set period.

To recap, the highest 6-month CD rates

Offer	APY	Min. Deposit
Quontic CD On Quontic's Secure Website.	4.25% - 6 Mo.	$500
Barclays Online CD On Barclays' Secure Website.	4.00% - 6 Mo.	$0
LendingClub CD On LendingClub's Secure Website.	4.00% - 6 Mo.	$2,500
Western Alliance Bank CD	4.40% - 6 Mo.	$1
Sallie Mae CD	3.95% - 6 Mo.	$2,500
Synchrony Online CD	4.20% - 6 Mo.	$0
Marcus by Goldman Sachs High Yield CD	4.10% - 6 Mo.	$500
Prime Alliance Bank CD	4.65% - 6 Mo.	$500
Vio Bank High-Yield CD	4.70% - 6 Mo.	$500

APY = Annual Percentage Yield

Other CD term lengths to consider

Banks we monitor

Here are the 100+ financial institutions we've evaluated in our research:

Alliant, Ally, All America Bank, American First Credit Union, American Express National Bank, Arvest Bank, Aspiration, Axos Bank, B2 Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Betterment, Bluevine, BMO Bank, Bread Financial, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens, Citizens Savings Bank, Columbia Bank, Connexus Credit Union, Consumers Credit Union, Copper, Cross River Bank, Customers Bank, Discover® Bank, E*TRADEEdward Jones, EverBank, Fidelity, Fifth Third Bank, First Foundation Bank, First Internet Bank of Indiana, First National Bank, First Tech Federal Credit Union, Flushing Bank, Freedom Bank, Generations Bank, GN Bank, Golden 1 Credit Union, Greenlight, Harborstone Credit Union, HSBC, Huntington Bank, Ivella, Jenius Bank, Kabbage by American Express, KeyBank, Laurel Road, LendingClub, Liberty Bank, Liberty Federal Credit Union, Marcus by Goldman Sachs, Mercury, Municipal Credit Union, Mutual of Omaha, My Banking Direct, NASA Federal Credit Union, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, New York Community Bank, NexBank, Northpointe Bank, Novo, OceanFirst Bank, Old National Bank, ONE Finance, OneUnited Bank, Oxygen, Pacific Western Bank, PNC Bank, Ponce Bank, Popular Direct, Presidential Bank, Prime Alliance Bank, Quontic, Radius, Raisin, Redneck Bank, Regions Bank, Relay, Republic Bank of Chicago, Revolut, Salem Five Bank, Sallie Mae, Santander Bank, SchoolsFirst Federal Credit Union, Simple, SoFi®, Synchrony Bank, TAB Bank, TD Bank, Third Federal, Truist Bank, U.S. Bank, UFB, Upgrade, USAA, Valley Bank, Vanguard, Varo Bank, Vio Bank, Wealthfront, Wells Fargo, Western Alliance Bank, and Zeta.

FAQs

Six-month CDs are a great way to get a taste of the CD world without commiting your money for a long period. They are also a great short-term CD option in a CD-ladder strategy.
A 6-month CD is worth it if you prefer the flexibility of a shorter CD term over the higher rate of a longer term.
After choosing a 6-month CD, you'll open an account and make an initial deposit, making sure to meet the minimum on your CD (if it has one). You'll then let your deposit grow over six months. Once the six months are over, your CD has matured, and you can withdraw your deposit plus interest. You can also reinvest your money into another CD or renew the 6-month CD at the same institution.

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Best 6-Month CD Rates of 2024