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Online CD Rates 2018 – 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 - December 12, 2018

6 Month CD National Average: 0.60% ?

2.40% 4.03x $0
My Savings Direct, a division of Emigrant Bank
2.40% 4.03x $1,000
Live Oak Banking Company
2.35% 3.95x $2,500
Popular Direct
2.35% 3.95x $10,000
Colorado Federal Savings Bank
2.28% 3.83x $5,000
Dollar Savings Direct, a division of Emigrant Bank
2.25% 3.78x $1,000
BAC Florida
2.25% 3.78x $100,000
Citizens Access
2.20% 3.70x $5,000
Purepoint MUFG Union
2.20% 3.70x $10,000
My Banking Direct, a division of New York Community Bank
2.15% 3.61x $0
TIAA Bank / Everbank
2.05% 3.45x $1,000
M.y. Safra Bank, FSB
2.03% 3.41x $1,000
Bank5 Connect
1.45% 2.44x $500
Sallie Mae Bank
1.30% 2.18x $2,500
ableBanking, a division of Northeast Bank
1.05% 1.76x $1,000
Ally Bank
1.00% 1.68x $25,000
Radius Bank
0.95% 1.60x $1,000
Axos Bank, a division of Bofi Federal Bank
0.75% 1.26x $1,000
Barclays Bank Delaware
0.65% 1.09x $0
Discover Bank
0.65% 1.09x $2,500
USAA Federal Savings Bank
0.61% 1.03x $175,000
Capital One 360
0.60% 1.01x $10,000
OneWest Bank, a division of CIT Bank
0.45% 0.76x $1,000
American Express Bank, FSB
0.40% 0.67x $0
0.40% 0.67x $1,000
New Dominion Direct
0.30% 0.50x $1,000
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 2018

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.


Find out how much extra money you can earn by moving your bank money into an account that pays more.

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