Popular Direct CDs pay a high interest rate, and compound interest daily. For example, you'll be eligible to join if you live in a service area in San Antonio, Texas, or New Orleans, Louisiana, or if you work for a partner employer or organization.Ħ-month CD early withdrawal penalty: 180 days of interest Popular Direct 6 Month CD Credit Human also has other ways to become a member. The easiest way to become a member regardless of where you live in the US is to join the American Consumer Council. To open a Credit Human Share Certificate, you'll have to qualify for membership. This credit union also could be a good option if you have at least $500 to open a CD. Credit Human Federal Credit Union has a high interest rate on a 6-month term, and one of the best 1-year CD rates. You might like a Credit Human Share Certificate if you value banking with a credit union over a bank. Raisin Review Credit Human 6 Month Share Certificate While Raisin is a great option for different types of savings accounts, you'll want to consider other options if you want to open a checking account.Ħ-month CD early withdrawal penalty: 90 days of interest Raisin is an online platform that allows you to find, fund, and manage multiple high-yield savings accounts, money market accounts, and CDs from different bank and credit unions. The Western Alliance Bank 6 Month CD, powered by Raisin offers a competitive interest rate and has a $1 minimum opening deposit. The online institution also doesn't operate in Florida, Somoa, Guam, the Northern Mariana Islands, or US Virgin Islands.Ħ-month CD early withdrawal penalty: 30 days of interest Western Alliance Bank 6 Month CD TotalDirectBank CDs have a steep minimum opening deposit of $25,000 and a maximum deposit of $1 million. The 3-month, 6-month, and 1-year terms, in particular, offer CD rates significantly above the national average. TotalDirectBank CDs may be a good choice if you're searching for a variety of short-term CDs with high interest rates.

When a financial institution is federally insured, up to $250,000 per depositor is secure in a bank account. If you're worried about bank failures, keep in mind money is safe at a federally insured financial institution. Our top picks for CDs are protected by FDIC or NCUA insurance. These are our picks for the best 6-month CD rates. With this strategy, you open multiple CDs with different term lengths so you can take advantage of higher rates with longer terms, but also access some of your money earlier. For example, if you want the money to buy a house in less than a year, a longer term isn't the best idea. Ultimately, your choice will likely depend on how soon you plan to need the money.

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