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Online CD Rates 2021 – 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 - March 7, 2021

6 Month CD National Average: 0.27% ?

Advertiser Disclosure
BANK APY? MIN?
Ohio Catholic
Restrictions
0.65% $100,000 Learn More

Warning: Early withdrawal penalty equals six months of interest.

| Feb 15, 2021

Borrowing in USD and lending in BTC, what could possibly go wrong??? (You are the lender in USD).

| Jan 03, 2021

This is the worst online banking I have seen. Without any warning they restricted access to withdrawals to $1000. Representative said they implemented on ALL accounts for ALL customers due to “fraud”... Read More

| Jun 26, 2020

Rate not current Read More

| Aug 25, 2020

Bank is owned by a Florida bank and yet I wasn't able to open an account because I live in Florida. Go figure! Read More

Merrick Bank
0.50% $25,000 Learn More

| Jun 27, 2020

Agree with "Cannot recommend", this is a bricks and mortar bank with a very limited online presence. Read More

Early Withdrawal Penalty is all interest earned.

| Feb 08, 2021

Rejected, and I live in MA and have perfect credit. No time for small irrelevant New Hampshire banks.

Warning: Early Withdrawal Penalty is 180 days interest.

| Apr 22, 2015

Hello, I am interested in a line of credit against my home. I have a high interest credit card that I want to move to this credit. I have a wells fargo mortgage which is only a few years old which I do no...

| Apr 18, 2018

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

| Jan 04, 2020

I am surprised at all the negative reviews. I have had several large CDs at this bank for several years, and I've gotten the best customer service I've ever gotten at any bank in the last 45 years. Read More

Warning: Early Withdrawal Penalty is the greater of: 90 days interest or all interest earned.

| Dec 05, 2019

No

| Jun 25, 2020

Ok, GFB's site a bit more compliant today. Unfortunately the rate posted here is not current. 1.05% and look at that minimum! Read More

| Aug 04, 2020

Sallie Mae is going to absolutely be the right bank for you if you enjoy calling during normal business hours and speaking with a automated voice response system that gives you no information and refuses t...

| Jan 05, 2021

i went to open an account. I discovered the bank is based in Tennessee. TNs two senators are voting to decertify the election. I will not open an account here and neither should you. I wish the bank were...

| Jul 24, 2020

Went to renew a cd at branch in Jacksonville Fl , on main street, they said I would have to keep driving around building , if any cars came in behind me. They have 2 drive throughs and wouldn't open other... Read More

Early Withdrawal Penalty is all interest earned.

| Sep 06, 2020

Yes, Pentagon had good rate initially, but it disappeared at renewal. We have top credit score (835).

| Dec 13, 2016

This was formerly First Trade Union bank. Use Ally, Barclays, Synchrony or some bank that provides a certain level of service.

| Sep 14, 2020

two thumbs up Read More

| Feb 28, 2021

Never really sure when interest is going to be posted to the account, otherwise it is excellent.

| Feb 24, 2020

I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4... Read More

| Dec 12, 2020

"keeping their savings rate competitive" - they aren't. Read More

Ohio Catholic
Restrictions
0.20% $500 Learn More

| Dec 05, 2020

I know rates are variable, at their discretion*, but in the time frame of 9 months their rates have dropped to 1/3 of what they were ! is that what some call a teaser rate in the beginning ??? Read More

| Feb 12, 2021

Bofi is a shell game. Stay away. Read More

| Dec 03, 2019

Awful bank, offer you a high savings rate, then drop Ong the rate so rapidly. Read More

| Jan 15, 2021

Marcus really doesn't disappoint. Great customer service. I could be angry about the rate but look at this other brands. Read More

| Jan 04, 2020

Be aware, when cd comes due, they mail a check to your home which takes 7-10 business days. That is a long time to have money not drawing any interest. Read More

| Feb 28, 2020

Purepoint is great. Only Citizens Access is better and I've had all of these. I have nothing to gain by saying this, but I would opt for Purepoint when the rates are comparable. Read More

| Aug 03, 2020

There is a lot to like about this account. American Express is a real organization and you are not playing with a bunch of amateurs like with a lot of these banks. However, they will be sure to lower the ... Read More

| Dec 11, 2020

All the good reviews on this site are planted by the bank. This is the worst. It used to be good and the transfer speed is good. Still they lower their rates below anyone else and do it without the notice ...

OneWest Bank, a division of CIT Bank
0.10% $1,000 Learn 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...

Edu
Restrictions
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.

PRODUCT INFORMATION

6 Month Certificates of Deposit from Online Banks 2021

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; BestCashCow.com 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.