Best 6 Month Cd Rates 2018

The rate table above allows you to shop around for the best cd rates in the 6 month category and compare different features offered by various banks and credit unions.

Best 6 month cd rates 2018.

Some institutions will give discounts on loans if you have a cd with them and others might offer a free checking account that is linked to the cd for your convenience. Best 6 month cd rates september 2020sallie mae bank cd. Nerdwallet s list features all online banks. You may also want to view our picks for the overall best cd rates banks with the best 6 month cd rates.

These options outperform that average by a long shot. Bankrate compares thousands of financial institutions to make it easy for you to apply for the best certificate of deposit rate. Marcus added a no penalty cd to its lineup in november 2018. The best 6 month cds offer high interest rates and are federally insured.

The next recession from july 1981 to november 1982 caused a similar drop in cd rates as the 6 month rate dropped by 8 27 percentage points. Comenity direct was created in 2018. Because 6 month cds often don t come with the higher rates that longer term length cds offer it s especially important to shop around for the best rates. So if you re willing to lock up your money for a year or even up to five years.

We review more than 150 banks and credit unions every weekday to find the best 6 month cd rates. 9 month cd rate vs. Here we can see the average 6 month cd rate plummeted from a high of 17 74 in march 1980 to 8 33 in june 1980. Step rate cd rates 2 500 minimum opening deposit a step rate cd time account is a 24 month cd featuring guaranteed interest rate increases and one penalty free withdrawal every six months provided the minimum opening balance is maintained.

Cd rates followed this drop pretty closely.