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8 Best 6-Month CD Rates November 2019
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Summary of Best 6-Month CD Rates November 2019
| Bank | APY | Minimum Deposit | Learn More |
|---|---|---|---|
 TIAA Bank | 1.85% | $1,000 | |
 Popular Direct | 1.75% | $10,000 | |
 Vio Bank | 1.65% | $500 | |
 PurePoint® Financial | 1.70% | $10,000 | |
 Citizens Access | 1.60% | $5,000 | |
 Sallie Mae Bank | 1.90% | $2,500 | |
 PenFed Credit Union | 1.60% | $1,000 | |
 HSBC | 2.00% | $1,000 |
| Bank | APY | Minimum Deposit | Learn More |
|---|---|---|---|
TIAA Bank | 1.85% | $1,000 | |
Popular Direct | 1.75% | $10,000 | |
Vio Bank | 1.65% | $500 | |
PurePoint® Financial | 1.70% | $10,000 | |
Citizens Access | 1.60% | $5,000 | |
Sallie Mae Bank | 1.90% | $2,500 | |
PenFed Credit Union | 1.60% | $1,000 | |
HSBC | 2.00% | $1,000 |
APY
1.85%
Minimum Deposit
$1,000
The online bank has solid rates for short- and long-term CDs, though it requires a high opening minimum.
Read full reviewThe online bank has solid rates for short- and long-term CDs, though it requires a high opening minimum.
Read full reviewAPY
1.75%
Minimum Deposit
$10,000
Popular Direct has a steep opening minimum, but its six-month rate may be worth it.
Read full reviewPopular Direct has a steep opening minimum, but its six-month rate may be worth it.
Read full reviewAPY
1.65%
Minimum Deposit
$500
Vio Bank, online division of MidFirst Bank, features a strong combination of a high six-month CD rate and a lower minimum than other online banks.
Read full reviewVio Bank, online division of MidFirst Bank, features a strong combination of a high six-month CD rate and a lower minimum than other online banks.
Read full reviewAPY
1.70%
Minimum Deposit
$10,000
PurePoint offers a stellar six-month rate, but its opening minimum is one of the highest.
Read full reviewPurePoint offers a stellar six-month rate, but its opening minimum is one of the highest.
Read full reviewAPY
1.60%
Minimum Deposit
$5,000
Citizens Access, Citizens Bank's online division, offers a high rate on its lowest CD term. The minimum amount to open is hefty, though.
Read full reviewCitizens Access, Citizens Bank's online division, offers a high rate on its lowest CD term. The minimum amount to open is hefty, though.
Read full reviewAPY
1.90%
Minimum Deposit
$2,500
Known for its student loans, Sallie Mae also has high-yield certificates of deposit. The minimum is higher than at some banks.
Read full reviewKnown for its student loans, Sallie Mae also has high-yield certificates of deposit. The minimum is higher than at some banks.
Read full reviewAPY
1.60%
Minimum Deposit
$1,000
Unlike most credit unions, PenFed's membership is open to everyone. Its six-month CD rate is solid and it has a lower minimum deposit than many other financial institutions.
Read full reviewUnlike most credit unions, PenFed's membership is open to everyone. Its six-month CD rate is solid and it has a lower minimum deposit than many other financial institutions.
Read full reviewAPY
2.00%
Minimum Deposit
$1,000
HSBC Direct, the online-only arm of the global bank HSBC, offers few CD terms, but its six-month CD has a solid rate. The minimum is relatively low as well. The bank also has a solid high-yield savings account (see more details on our review).
Read full reviewHSBC Direct, the online-only arm of the global bank HSBC, offers few CD terms, but its six-month CD has a solid rate. The minimum is relatively low as well. The bank also has a solid high-yield savings account (see more details on our review).
Read full review» Want to see more options? Check out our list of the best CD rates overall
No-penalty CDs offer more freedom
When you withdraw your money from a CD before the term expires, you generally pay a penalty of at least several months’ of interest earned.
Some providers, however, allow you to withdraw your money before the term expires, with no penalty. Keep in mind that rates may be a little lower for these no-penalty CDs.
The following three banks offer no-penalty CDs:
- Marcus by Goldman Sachs Bank (read NerdWallet's full review)
- CIT Bank (read NerdWallet's full review)
- Ally Bank (read NerdWallet's full review)
Last updated on November 1, 2019
Methodology
We featured easy-to-join financial institutions that we've reviewed with the highest CD rates currently listed in NerdWallet's CD rates tool for six-month CDs. For the ZIP code and minimum deposit requirement, we used 94103 and $10,000, respectively. We also included select, standout rates from other trusted online financial institutions that we have reviewed. Higher rates might be available elsewhere.
To recap our selections...
NerdWallet's Best 6-Month CD Rates November 2019
- TIAA Bank: 1.85% APY
- Popular Direct: 1.75% APY
- Vio Bank: 1.65% APY
- PurePoint® Financial: 1.70% APY
- Citizens Access: 1.60% APY
- Sallie Mae Bank: 1.90% APY
- PenFed Credit Union: 1.60% APY
- HSBC: 2.00% APY
Frequently asked questions
A CD, or certificate of deposit, is a type of savings account that keeps money locked up for a set period or term, generally three months to five years. The longer the CD term, the higher the rate tends to be. See this month's best six-month CD rates.
CD rates are quoted as an annual percentage yield, or APY, which is how much the account earns in one year including compound interest. Banks generally compound interest monthly or daily.
» See what CDs can earn with our CD calculator
You should only get a CD if you know you won’t need those funds during its term. Pulling money out of a CD before its expiration date will likely result in an early withdrawal fee, which is typically a percentage of the interest earned.
» Thinking of a longer term for higher yields? Check out the best three-year CD rates
It depends on what's more important to you: rates or access to your money. The current CD rates tend to be higher than the best savings account rates, but you sacrifice access to money in CDs. If that doesn't work for you, check out our list of best online savings accounts.
It depends on the level of risk you want to take. Investment, or brokerage, accounts can have higher returns than CDs, but CDs guarantee returns. They're typically federally insured for up to $250,000 and offer fixed interest rates. Brokerage accounts can be riskier, since you aren’t protected against losses. See this month's best six-month CD rates.
