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 7, 2023
6 Month CD National Average: 0.31% ?
| BANK | APY? | MIN? | ||
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5.11% | $25,000 | Learn More | |
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79Thru | Mar 21, 2023 Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More |
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5.10% | $500 | Learn More | |
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. |
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5.10% | $1,000 | Learn More | |
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trader jack | Apr 27, 2023 I finally transitioned from the American miles earning account to the interest savings product. The savings rate became so high that it made sense, even vs 2 miles per $. I had been very happy with Bask ... Read More |
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5.06% | $1,000 | Learn More | |
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Warning: Early Withdrawal Penalty is 180 days interest. |
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Jim Plew | 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... |
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5.05% | $500 | Learn More | |
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Jim S | May 22, 2023 Transfers and external accounts all set up in three days. Read More |
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5.01% | $5,000 | Learn More | |
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edith.stewart51@gmail.com | Aug 25, 2022 I'm really hesitating to buy a CD here after reading the reviews. Customer service is extremely important, especially when you can't go to the Bank in person to deal with matters of concern. Is your Bank... Read More |
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5.00% | $0 |
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5.00% | $500 | Learn More | |
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BW | 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 |
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5.00% | $500 | Learn More | |
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JBaker65 | 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. |
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5.00% | $1,000 | Learn More | |
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PJs at bedtime | 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 |
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5.00% | $1,000 | Learn More | |
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Az1 | Aug 26, 2022 Too slow to raise rates. Read More |
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5.00% | $1,000 | Learn More | |
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MrBond | 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 |
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4.90% | $25,000 | Learn More | |
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Al | Apr 12, 2021 Frustrating. The initial application form is a breeze. Then the problems start. Many hoops to jump through. |
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4.76% | $1,000 | Learn More | |
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Yat 1965 | Mar 19, 2022 Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner |
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4.60% | $10,000 |
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4.55% | $10,000 | Learn More | |
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Maricica | Apr 13, 2023 Worst banking exp ever. I got their 3 month CD at a rate to try to keep up with month to month inflation. I found out it's a long drawed out process next to impossible getting your money back into your f... Read More |
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4.40% | $5,000 | Learn More | |
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Early withdrawal penalty is 3 Months' Interest. |
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jp2 | 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 |
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Restrictions |
4.35% | $500 | Learn More | |
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member | 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... |
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4.25% | $500 | Learn More | |
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John WIlliamson | Aug 6, 2022 The idea that they aren't competing is wrong. They'll give you 1% more on your savings if you run around promoting their brand and get a friend to sign up. Great marketing scheme actually, since those so i... Read More |
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4.00% | $1,000 | Learn More | |
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TRU | Jan 9, 2023 TIAA stole money from university professors and staff and mismanaged assets so badly that a generation of people in academia were denied a comfortable retirement. Read More |
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4.00% | $2,500 | Learn More | |
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Dev1ldog | Feb 28, 2023 How often do people agree? When the overall rating is two stars, then this bank has to be terrible. Try finding multiple deposit accounts; try waiting on your deposit to post due to them floating your fu... |
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3.53% | $500 |
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3.50% | $0 | Learn More | |
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AllyAccountOwner | Jan 7, 2023 After being a customer for 12 plus years, I attempted to open and Estate account. Ally declined my application saying they could not verify me even though I am a long time customer with six figures in a... Read More |
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3.50% | $1,000 | Learn More | |
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bws/esc | 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 |
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3.40% | $2,500 | Learn More | |
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Discover Bank Account Owner | Jan 7, 2023 Comparing other online banks including Ally, Discover has never let me down. Having accounts with them for 12 plus years, and being a AAA member, I get five basis points more interest over the published... Read More |
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3.30% | $0 | Learn More | |
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Bonnie | Apr 19, 2023 Closed my account today after years of frustration dealing with Capitol One--Oh how miss Calcasieu Marine--haven't decided yet where to open my new account --but strongly advise staying away from Capitol ... Read More |
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3.00% | $1,000 |
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Restrictions |
2.70% | $1,000 | Learn More | |
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Michael | Nov 11, 2022 I have been with PenFed for a number of years, and have gotten good products. Employees have been helpful. However, beware of titling for accounts with trusts. You will not be able to distinguish betw... |
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2.50% | $500 | Learn More | |
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Dudley | Apr 18, 2018 Worst experience of my life. Did not fund and gave $25 to my own charity. Read More |
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Restrictions |
2.50% | $500 |
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1.50% | $1,000 | Learn More | |
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not perfect but | 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 |
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1.50% | $1,000 | Learn More | |
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Early Withdrawal Penalty is all interest earned. |
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Jeffinnh | Mar 30, 2021 These guys are the best local bank. Very responsive. |
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Restrictions |
0.50%
0.45% 0.40% |
$100,000
$20,000 $50 |
Learn More | |
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Amanda Frank | Feb 25, 2023 HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... |
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0.20% | $1,000 | Learn More | |
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JR48 | 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 |
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0.15% | $10,000 | Learn More | |
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UtahJazz1 | 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 |
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0.10% | $1,000 |
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0.10% | $1,000 | Learn More | |
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overdrawn | 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... |
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0.10% | $2,500 | Learn More | |
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dbestway@gmail.com | 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... |
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Restrictions |
0.01% | $500 |
Learn More
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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.
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.
