Best 6-Month CD Rates for August 2022

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If you don’t need immediate access to your money, certificates of deposit, or CDs, can be a safe way to generate interest. And if your savings horizon is short, a 6-month CD could be the perfect deposit vehicle. Below are the best CD rates available from our partners, followed by a ranking of some of the best CD rates nationwide.


Based on the most recent rate data from approximately 200 banks and credit unions that offer certificate products nationwide, we’ve ranked the highest paying CDs with terms around 6 months (includes durations of 5 to 9 months). Those that require a minimum deposit of up to $25,000 are eligible for our listing.

In cases where multiple institutions pay the same maximum rate, we have prioritized the CDs by the shortest duration, then the CD requiring a smaller minimum deposit, and if still tied, by which the CD has a lighter penalty for early withdrawal.

Best CD prices over 6 months:

  • NASA Federal Credit Union – 3.55% APY
  • An American bank – 3.01% APY
  • Merrick Bank – 2.60% APY
  • ableBanking – 2.50% APY
  • Living Oak Bank – 2.50% APY
  • Sun East Federal Credit Union – 2.35% APY
  • Luana Savings Bank – 2.33% ABS
  • My eBanc – 2.33% ABS
  • EFCU Financial – 2.25% APY
  • Banesco United States – 2.25% APY
  • TotalDirectBank – 2.25% APY
  • Federal Credit Union Lafayette – 2.12% APY
  • Department of Commerce Federal Credit Union – 2.07% ABS
  • Prime Alliance Bank – 2.05% APY
  • Bank TAB – 2.05% APY

Detailed information on these highest paying 6 month CDs available nationwide is provided below, including details on minimum deposits and early withdrawal penalties. For Credit Union CDs, information is also provided on how to easily join the box.

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