North Carolina

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Durham, North Carolina CD Rates – 6-Month 2020

Below are the best six-month CD Rates from banks with branches in Durham, North Carolina . Six month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.

Durham, NC - April 9, 2020

6 Month CD National Average : 0.44% ?

Advertiser Disclosure
Banks APY MIN MILES ?
1.05% $100,000 4928.08
0.95% $500 4725.08
0.90% $50,000 4800.02
0.85% $1,000 4816.79
0.85% $1,000 4800.02
0.80% $1,000 4914.80
0.75% $1,000 4780.46
0.74% $500 5006.33
0.70% $500 4753.76
0.60% $500 5043.51
0.59% $10,000 4847.99
0.55% $1,000 4941.76
0.50% $1,000 4826.97
0.50% $1,000 4831.58
0.50% $1,000 4824.06
0.50% $10,000 4780.46
0.40% $100 4921.39
0.40% $500 4955.15
0.30% $100,000 4755.67
0.30% $50,000 5019.35
0.30% $500 5043.01
0.30% $500 4828.56
0.30% $100,000 4931.92
0.27% $50,000 4960.44
0.25% $500 4848.75
0.25% $100,000 4816.66
0.25% $500 4716.41
0.25% $2,500 4984.63
0.25% $500 4931.92
0.25% $100,000 4754.17
0.25% $10,000 4883.33
0.20% $10,000 4922.87
0.20% $10,000 4816.66
0.20% $10,000 5019.35
0.20% $1,000 4822.26
0.20% $500 4998.09
0.20% $50,000 4833.02
0.20% $1,000 4926.07
0.20% $10,000 4754.17
0.20% $500 4753.99
0.20% $1,000 0.00
0.17% $20,000 4938.62
0.15% $2,500 4895.80
0.15% $1,000 5009.29
0.15% $50,000 4915.54
0.15% $1,000 4755.67
0.15% $10,000 4833.02
0.15% $100,000 4865.57
0.14% $2,000 -
0.12% $100,000 4813.49
0.10% $10,000 4915.54
0.10% $10,000 4775.08
0.10% $10,000 4865.57
0.10% $2,500 4960.44
0.10% $500 4824.31
0.10% $10,000 5032.12
0.08% $1,000 4962.22
0.08% $10,000 4813.49
0.07% $1,000 4961.73
0.06% $10,000 4897.12
0.05% $10,000 4844.74
0.05% $10,000 4928.08
0.05% $500 4828.10
0.05% $500 4925.96
0.05% $10,000 4790.71
0.05% $1,000 4762.39
0.05% $500 4961.13
0.03% $10,000 4927.86
0.01% $10,000 4828.56
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

6 Month Branch Certificates of Deposit 2020

Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. With a six month CD, depositors agree to leave their money in the account for six months in return for a fixed rate of interest over this period. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

In general, almost all brick-and-mortar banks provide CDs to their consumers. Opening one involves taking a trip to the branch although some banks allow CDs to be opened via the phone or online. In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rate from a bank in another state, it is worth investigating the account opening policy. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

The advantages of six month CDs opened via a traditional bank 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.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of 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.
  • Six month CDs from traditional banks often pay less interest than from online banks.

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.

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