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Online CD Rates 2024 – 6-Month CDs


Six month Certificates of Deposit (CD) rates from online banks are often above average if you are willing to open and manage your account using the Internet. Most online banks offer an online application and money can be transferred to fund the CD via an electronic transfer, check, wire, or credit card. To view rates for other CD terms, click the tabs above.

Highest 6-Month Online CD Rates - June 24, 2024

6 Month CD National Average: 0.40% ?

Advertiser Disclosure

7-Month CD Special - Save for the things you want later. Easy online application.

| Feb 15, 2024

I have always had great experiences with short-term CDs from this bank. No delays.

6 Month Jumbo CD.
Rate History: 5.30% → 5.40% → 5.49%

| Mar 19, 2024

I have 5 other cd's at competing banks and have not had trouble. I tried 3 times today to open one w/ bradesco and it repeatedly declines my app after I input the code they sent me. Customer service was no... Read More

Rate History: 5.42% → 5.47%

| Feb 12, 2020


Rate History: 5.25% → 5.55% → 5.35% → 5.15% → 5.35%

| Apr 20, 2024

Save your tears for another day. Very frustrating. 1-star. Read More

Rate History: 5.25% → 5.15% → 5.27% → 5.30% → 5.35%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

| Mar 2, 2024

Attracted to the name, but the service had too many steps so I didn't open an account.

Rate History: 5.25% → 5.15% → 5.20% → 5.25% → 5.31%

| Aug 26, 2022

Too slow to raise rates. Read More

Rate History: 2.50% → 5.00% → 5.30%

| Apr 18, 2018

Worst experience of my life. Did not fund and gave $25 to my own charity. Read More

Rate History: 5.55% → 5.30% → 5.25% → 4.95% → 5.30%

| May 6, 2023

Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market.

Early Withdrawal Penalty is 90 days interest.

| Mar 19, 2022

Problem with ties to puppy mills. I closed a cct.

Rate History: 5.20% → 5.35% → 5.15% → 5.25%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

Rate History: 5.00% → 5.25%

| Jun 25, 2022

I've been in and out of igo. I usually carry a large balance when they are rate competitive (half the time) and move by money somewhere else when they aren't (the other half). The $3,000 transfer limit is ... Read More

Early withdrawal penalty is 3 Months' Interest.
Rate History: 5.12% → 5.25%

| Jul 1, 2022

not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More

Rate History: 5.30% → 5.50% → 5.25%

Early Withdrawal Penalty is 90 days interest.
Rate History: 5.40% → 5.20% → 5.05% → 5.15% → 5.25%

| Jul 3, 2023

A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one.

Rate History: 5.00% → 5.50% → 5.20%

| Apr 19, 2023

This bank was honest and I had no problems with them in person. Not everyone was equally competent but they got help.

Rate History: 5.30% → 5.40% → 5.20%

| Mar 19, 2024

I have 5 other cd's at competing banks and have not had trouble. I tried 3 times today to open one w/ bradesco and it repeatedly declines my app after I input the code they sent me. Customer service was no... Read More

Warning: Early Withdrawal Penalty is 180 days interest.
Rate History: 5.22% → 5.24% → 5.18%

| Jan 30, 2024

Have an IRA rollover, they don't take IRAs any longer.

| Jul 1, 2022

Very easy opening process and wonderful staff.

Rate History: 5.50% → 5.30% → 5.50% → 5.15%

| Jun 10, 2024

I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More

| Jan 5, 2024

Easy to use site, great rates and good customer svc. Can get to real bankers via voice, chat or live video. Read More

6 Month CD.

| Jul 17, 2021

I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More

Warning: Early withdrawal penalty equals six months of interest.

| Mar 17, 2023

STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No...

| Jul 6, 2023

This is an example of a bad bank. Their online process for purchasing a CD is horrible. You fill it out and it rejects it after all of your private information is disclosed. They there customer service is ... Read More

| Feb 25, 2023

I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More

| May 21, 2021

avoid this Read More

Rate History: 5.30% → 5.00%

| Nov 12, 2022

I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio...

| Dec 8, 2020

Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More

Rate History: 5.13% → 5.02% → 4.97% → 4.87%

| Dec 14, 2022

Agree with Jaben to stay away from docfcu. They don't appreciate loyal members and easily turn down any requests after a delayed response. I have closed my accounts and moved my funds to better institutio...

| Oct 23, 2023

Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More

Rate History: 4.90% → 5.10% → 5.25% → 4.90% → 4.80%

| Feb 15, 2024

best bank on the list but no longer the most competitive Read More

Rate History: 5.00% → 4.95% → 5.10% → 4.95% → 4.80%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back.

Umbrella Bank
4.60% $10,000 Learn More

Rate History: 3.50% → 4.50%

| Apr 27, 2023

have had 3 cd accounts. all interactions with instructions for disposition of funds were never exactly enacted as discussed and requests for confirmatory emails never sent with details as terms discussed. ... Read More

Rate History: 5.00% → 4.75% → 4.40%

| Aug 13, 2023

Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More

Rate History: 3.90% → 4.30% → 4.25%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Rate History: 4.35% → 4.25%

| Jan 10, 2024

AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More

Early withdrawal penalty is one-fourth the amount of interest that would have been earned had CD been held to maturity.

| Nov 12, 2023

This was terrible as Everbank. Then it was terrible as TIAA. Now it is terrible as Everbank again. Not sure where they are going with the branding, but still terrible. (Bestcashcow's system is forcing ... Read More

| Jun 13, 2023

I'll steer clear of Dollar Savings Direct and My Savings Direct until they guarantee users at both online divisions their best rates. Banks have the right to segment their customers yes, but these games w... Read More

Rate History: 3.53% → 3.79%

Rate History: 3.90% → 4.25% → 5.50% → 4.85% → 3.25%

Rate History: 0.65% → 3.25%

| Jan 27, 2023

The worst bank I have ever had Read More

| Dec 25, 2023

I joined in PENFED in Spring Of 2023 after 15 yrs of belonging to one of the banking giants. I found my accounts dwindling fast unexplained decreases. I decided to close the account but had to return a mer...

| Nov 12, 2023

Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More

Rate History: 1.50% → 2.50%

| Apr 25, 2023

with all of these online bank, including the well known ones, delaying transfers forever in order to fund these high rates, this one still executes inbound and outbound transfers immediately. Read More

Early Withdrawal Penalty is all interest earned.

| Mar 30, 2021

These guys are the best local bank. Very responsive.

| Apr 30, 2019

No issues. I feel confident using them. Read More

| Dec 21, 2022

Stay away from this bait and switch bank that uses teaser rates. They lowered my interest rate twice in the first 2 months of opening my account. They said they had the right to change their rate at any ti... Read More

| Jun 10, 2022

This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More

| Aug 13, 2019

I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines...

Rate History: 1.00% → 0.06%

| Apr 25, 2022

broke the machine, braddah

Edu Federal Credit Union
0.01% $500 Learn More
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.


6 Month Certificates of Deposit from Online Banks 2024

Online banks generally provide better rates on six month certificates of deposit in return for the depositor opening the CD online and interacting with the bank online or via phone. There is no branch which the depositor can visit to ask questions, roll over the CD, or open the account.

Other than the way a CD from an online bank is opened and serviced, the rest of the characteristics are the same as a branch-opened CD.

The advantages of online bank six month CDs are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • The CD can be opened from the comfort of your house.

The disadvantages of online bank six month CDs are:

  • Six month CDs currently pay interest rates significantly below many online and branch-based savings and money market accounts.
  • The deposited money is committed for six months.
  • The account must be opened online and all inquiries must be conducted online or via the phone.
  • Depending on the bank, the opening and funding process can take several days to weeks although the bank generally locks the rate once the application has been received and approved.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

All banks listed on BestCashCow are FDIC insured; strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.