13 Best 6-Month CD Rates of June 2026
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Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Six-month CD rates can play a role in boosting your short-term savings, especially in some saving strategies such as CD ladders. Here's a list of our picks.
| Bank/institution | NerdWallet rating | Minimum deposit | APY | Learn more |
|---|---|---|---|---|
 E*TRADE Certificate of Deposit Learn moreon partner's site at Morgan Stanley Private Bank, National Association, Member FDIC | 5.0/5 | $0 Member FDIC | APY 4.05% | Learn moreon partner's site at Morgan Stanley Private Bank, National Association, Member FDIC |
5.0/5 | $1,500 Member FDIC | APY 4.00% | Learn moreon partner's site at Bread Savings®, Member FDIC | |
4.8/5 | $500 Member FDIC | APY 3.90% | ||
5.0/5 | $1,000 Federally insured by NCUA | APY 3.90% | ||
5.0/5 | $500 Member FDIC | APY 3.95% | ||
4.5/5 | $2,500 Member FDIC | APY 4.00% | ||
5.0/5 | $1,000 Federally insured by NCUA | APY 3.90% | ||
4.3/5 | $10,000 Member FDIC | APY 4.10% | ||
4.6/5 | $500 Member FDIC | APY 3.90% | ||
3.0/5 | $1,000 Member FDIC | APY 3.90% | ||
3.6/5 | $500 Federally insured by NCUA | APY 4.00% | ||
3.1/5 | $1 Deposits are FDIC Insured | APY 3.95% | ||
4.6/5 | $1,000 Member FDIC | APY 3.85% |
- Learn moreon partner's siteat Morgan Stanley Private Bank, National Association, Member FDICNerdWallet rating5.0/5Learn moreon partner's siteat Morgan Stanley Private Bank, National Association, Member FDIC
Minimum deposit
$0
Member FDIC
APY
4.05%
Our Take
Why We Like ItE*TRADE, a division of Morgan Stanley Private Bank, offers a solid six-month CD rate and no minimum deposit requirement. E*TRADE’s bank CDs are separate from the CDs available for investors in brokerage accounts (learn more about brokered CDs).
Learn moreon partner's siteat Bread Savings®, Member FDICNerdWallet rating5.0/5Learn moreon partner's siteat Bread Savings®, Member FDICMinimum deposit
$1,500
Member FDIC
APY
4.00%
Our Take
Why We Like ItThe online bank Bread Savings® has a strong rate on its six-month CD, though its opening minimum of $1,500 is somewhat high.
- NerdWallet rating4.8/5
Minimum deposit
$500
Member FDIC
APY
3.90%
Our Take
Why We Like ItThe online bank’s six-month CD, its shortest term, has a solid yield. The minimum opening requirement of $500 is lower than what some online banks have.
- NerdWallet rating5.0/5
Minimum deposit
$1,000
Federally insured by NCUA
APY
3.90%
Our Take
Why We Like ItNASA Federal Credit Union has a competitive yield on its six-month share certificate and a somewhat low minimum deposit requirement of $1,000. Anyone can join by becoming a member of the nonprofit National Space Society.
- NerdWallet rating5.0/5
Minimum deposit
$500
Member FDIC
APY
3.95%
Our Take
Why We Like ItMarcus by Goldman Sachs offers a solid six-month rate and a low minimum opening requirement of $500.
- NerdWallet rating4.5/5
Minimum deposit
$2,500
Member FDIC
APY
4.00%
Our Take
Why We Like ItNewtek Bank, an online bank with headquarters in Miami, has a stellar rate on its six-month CD. The opening minimum of $2,500 is somewhat hefty.
- NerdWallet rating5.0/5
Minimum deposit
$1,000
Federally insured by NCUA
APY
3.90%
Our Take
Why We Like ItAlliant Credit Union has a six-month certificate with a solid rate and a somewhat low minimum of $1,000.
- NerdWallet rating4.3/5
Minimum deposit
$10,000
Member FDIC
APY
4.10%
Our Take
Why We Like ItOnline bank Popular Direct has a strong rate on its six-month CD rate, but its opening minimum of $10,000 is hefty.
- NerdWallet rating4.6/5
Minimum deposit
$500
Member FDIC
APY
3.90%
Our Take
Why We Like ItVio Bank is an online-only bank division of MidFirst Bank. Its CDs have solid rates and a low minimum of $500.
- NerdWallet rating3.0/5
Minimum deposit
$1,000
Member FDIC
APY
3.90%
Our Take
Why We Like ItBask Bank has a competitive yield on its six-month CD and a somewhat low opening minimum of $1,000.
- NerdWallet rating3.6/5
Minimum deposit
$500
Federally insured by NCUA
APY
4.00%
Our Take
Why We Like ItService Credit Union offers a six-month certificate with a competitive yield and a low opening minimum of $500. Anyone can join by becoming a member of the nonprofit American Consumer Council, with a promo code to bypass the membership fee.
- NerdWallet rating3.1/5
Minimum deposit
$1
Deposits are FDIC Insured
APY
3.95%
Our Take
Why We Like ItZynlo Bank is an online-only division of PeoplesBank, a Massachusetts community bank. It offers a limited range of CDs including a high-yield six-month CD. There’s no minimum deposit required.
- NerdWallet rating4.6/5
Minimum deposit
$1,000
Member FDIC
APY
3.85%
Our Take
Why We Like ItNBKC is an online bank that offers high-yield six-month CDs. The minimum deposit of $1,000 is somewhat low.
Why trust NerdWallet
Strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.
Around 100 financial institutions surveyed by our team of experts.
More than 50 data points considered for each bank and credit union to be eligible for our lists. For this CD list, three data points were considered per institution.
» Want to see more options? Check out our list of the best CD rates overall
Nerdy Tip
The Fed lowered its benchmark interest rate three times in late 2025. Excellent interest rates are still available on certificates of deposit, but they are trending lower.
Best 6-month CD rates for June 2026
Newtek Bank: 4.00% APY, $2,500 minimum deposit.
Alliant Credit Union: 3.90% APY, $1,000 minimum deposit.
Marcus by Goldman Sachs: 3.95% APY, $500 minimum deposit.
E*TRADE (from Morgan Stanley Private Bank): 4.05% APY, no minimum deposit.
Bread Savings®: 4.00% APY, $1,500 minimum deposit.
Popular Direct: 4.10% APY, $10,000 minimum deposit.
NASA Federal Credit Union: 3.90% APY, $1,000 minimum deposit.
LendingClub: 3.90% APY, $500 minimum deposit.
Vio Bank: 3.90% APY, $500 minimum deposit.
Bask Bank: 3.90% APY, $1,000 minimum deposit.
Service Credit Union: 4.00% APY, $500 minimum deposit.
Zynlo Bank: 3.95% APY, no minimum deposit.
NBKC: 3.85% APY, $1,000 minimum deposit.
6-month CD trends
NerdWallet picks’ average:
3.95% APY
National average:
1.35%
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 banks offer no-penalty CDs (click each link to read the full review):
Ally Bank® (Member FDIC).
See CD rates by term and type
Compare the best rates for various CD terms and types:
How do CDs work?
Learn more about choosing CDs, understanding CD rates, and opening and closing CDs.
Understanding CD rates:
See CD rates by bank
Here’s a quick list of CD rates at traditional and online banks and a brokerage:
Last updated on May 29, 2026
Methodology: How we rate banks and credit unions
Banking writers and editors use an objective methodology to rate banks, credit unions, and other providers, and to recommend the best products.
100+
Financial institutions reviewed
100+
Financial institutions reviewed
We took a close look at around 100 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.
30+
Categories assessed
30+
Categories assessed
Each provider is evaluated across five weighted categories and 30 subcategories, including checking and savings accounts, certificates of deposit, customer experience, and overdraft services. For banks or credit unions without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
60+
Data points analyzed
60+
Data points analyzed
We considered more than 60 data points for each provider. Depending on the category, these included account fees and rates (such as annual percentage yields), ATM and branch access, account features, account bonuses, customer service access and user-facing technology, such as innovative tools and mobile apps. We gathered this information for each financial institution from its website, a media representative or both.
Certificate of deposit star rating categories
Providers with the best CDs (or share certificates, as credit unions call them) generally have interest rates for six-month, one-year, three-year and five-year terms that tend to be at least twice their national averages. Minimum opening deposits tend to be lower than $3,000, but not always. Institutions with at least one of four specialty CDs (no-penalty, add-on, step-up or bump-up CDs) may get extra marks. Banks with a limited number of term lengths receive lower marks.
Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Alto, Amalgamated Bank, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Barclays, Bask Bank, BMO, Boeing Employees Credit Union, Bread Savings®, BrioDirect, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Climate First Bank, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Customers Bank, Discover® Bank, E*TRADE, EverBank, Fifth Third Bank, First Foundation, First Internet Bank, First Tech Federal Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, GO2bank, Golden 1 Credit Union, Hope Credit Union, HSBC Bank, Huntington Bank, Ivy Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, My Banking Direct, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, Newtek Bank, OMB Bank, OnePay, Openbank, PayPal, Peak Bank, Pentagon Federal Credit Union, PNC, Poppy Bank, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Valley Bank, Varo, Venmo, Vio Bank, Wells Fargo, Western Alliance Bank, Zolve and Zynlo Bank.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for banks and credit unions and our editorial guidelines
NerdWallet's Best 6-Month CD Rates of June 2026
- NASA Federal Credit Union Share Certificate: 3.90% APY, $1,000 Minimum deposit
- Bread Savings® CD: 4.00% APY, $1,500 Minimum deposit
- Marcus by Goldman Sachs High-Yield CD: 3.95% APY, $500 Minimum deposit
- Newtek Bank CD: 4.00% APY, $2,500 Minimum deposit
- Alliant Credit Union Certificate: 3.90% APY, $1,000 Minimum deposit
- Popular Direct CD: 4.10% APY, $10,000 Minimum deposit
- E*TRADE Certificate of Deposit: 4.05% APY, $0 Minimum deposit
- LendingClub CD: 3.90% APY, $500 Minimum deposit
- Vio Bank CD: 3.90% APY, $500 Minimum deposit
- Bask Bank CD: 3.90% APY, $1,000 Minimum deposit
- Service Credit Union Share Certificate: 4.00% APY, $500 Minimum deposit
- Zynlo CD: 3.95% APY, $1 Minimum deposit
- nbkc bank Personal CD: 3.85% APY, $1,000 Minimum deposit
Frequently asked questions
What is a CD?
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.
What CD term length should I choose?
It depends on your savings goals and how sure you are that you won't need your funds before the CD term expires. Having to pay an early withdrawal penalty, generally up to one year's worth of interest, can be a blow to your savings. Common CD terms range from three months to five years; if you want to play it safe, go for a shorter CD term or a no-penalty CD.
What is a no-penalty CD?
A no-penalty CD is a type of CD that doesn’t have a penalty for withdrawing money before the term ends. It can be appealing if you want the traditionally higher yield of a CD, compared to regular savings accounts, and think you might need the money sooner than planned. See the best no-penalty CD rates.
What's better: CDs or high-yield savings accounts?
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.
When should I get a CD?
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.
How do CD rates work?
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 future CD earnings using our CD calculator
What's better: CDs or investment 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.
Should I put my emergency fund in a CD?
No. CDs are meant for savings you can set aside and leave untouched. Consider a high-yield savings account for money you may need in a pinch.
Is laddering short-term CDs a good idea?
A CD ladder can be a helpful strategy if you don’t want to go all in on one CD, especially if you want to catch higher CD rates down the road. It works like this: you open multiple CDs at different terms, such as three months, six months, and one year, which frees up part of your funds more regularly than having, say, just a three-year CD. Each time a CD matures, you can either reinvest in a new CD or withdraw your money.