Current 6 Month CD Rates

The current 6 month CD rates vary very little between the different financial institutions as of today. But, if you are looking to find the highest current 6 month CD rates, you must read this article.

Most are in the neighborhood of 2% APY. The best 6 month CD rates are from Ascencia Bank of Louisville KY and Amtrustdirect.com of Cleveland OH.

Ascencia Bank has the best interest rate at 2.01% and an APY of 2.03%. There is a minimum amount of deposit required at $500 and a maximum amount of $250,000. Other factors included in the small print of this certificate of deposit are that the interest is compounded monthly and this financial institution has the right to limit the amount and number of CD's any one person can hold. The APY is only guaranteed for the first 20 days from the date of the application. Interest will start once all the paperwork is completed and the account has been processed and the funds received by the financial institution. Credit card convenience checks are not accepted for deposit. The funds are not allowed to be withdrawn for any reason with the first 90 days of the account being opened.

Amtrustdirect.com has the second best 6 month CD interest rate of 1.981% with an APY of 2.00%. There is a minimum amount of deposit required at $1000 and there is no maximum amount. An account can be opened on line or over the phone. The early withdraw penalty is equal to the total amount of interest that has been paid. The interest is compounded daily and paid semi annually. 30 days prior to the maturity date of the CD, this company will send you a notice. If you do nothing the CD will be rolled over into a new term the same as it was. A 6 month would be renewed as a new 6 month CD.

With the current 6 month CD rates at about 2%, their earnings are small but guaranteed by the U. S. Government. CDs are a great place to save your short term savings.

Here is a great site for always finding the best cd rates. If you are looking for a 6 month CD with a more national reputation, read this article on the Citibank 6 month CD rates.

By Mark V Collins