In today's uncertain economic climate, many investors are turning to safe and secure options for their money. One popular choice is the certificate of deposit (CD), a low-risk investment option that offers a guaranteed return over a set period of time. Among the various CD options available, the 6-month CD is particularly attractive for investors looking for a short-term commitment with a competitive yield.
The best 6-month CD rates pay well above the average 6-month CD rate of 1.57% APY. The best 6-month CDs offer up to 5.55% APY. Currently, the best six-month certificate of deposit (CD) rate has a 5.75% annual percentage yield (APY), while the national average rate is significantly lower.
For May 2024, some of the best 6-month CD rates include Bank5 Connect offering 5.50% APY and Marcus by Goldman Sachs® offering 5.25% APY. These rates are well above the national average, making them attractive options for investors seeking a higher return on their savings.
A six-month certificate of deposit, or CD, may be the savings solution you're seeking. Find out more about the best six-month CD rates and choose the option that best fits your financial goals and risk tolerance.
Check out the latest CD rates and recent interest-rate trends from Bankrate's weekly national survey of large banks and thrifts. Stay informed on the current market conditions to make the most of your investment decisions.
Don't miss out on the best CD rates available at top online banks and credit unions. Take advantage of the highest CD interest rates to maximize your earnings and secure your financial future.
Yields on short-term CDs closely track the Federal Reserve's benchmark federal-funds rate, which is currently at a range of 5.25% to 5.5%. Understanding the relationship between interest rates and CD yields can help you make informed investment choices.
The best CD rate is 5.30% on a six-month CommunityWide Federal Credit Union CW Certificate Account, but other financial institutions also offer competitive rates. Compare different options to find the best 6-month CD rate that suits your investment strategy.
