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CD rates

6% cd rates – They Exists ?

The best CD rates right now:

20th May 2020: 6% cd rates – They Exists ?

Best rates for a 1-year term

CD account Rate
Marcus by Goldman Sachs High-Yield CD 1.35%
Ally High Yield CD 1.30%
CIT Bank CD 1.30%
Discover CD 1.25%

Best rates for a 3-year term

CD account Rate
Ally High Yield CD 1.35%
Discover CD 1.30%
Synchrony CD 1.25%

Best rates for a 5-year term

CD account Rate
Ally High Yield CD 1.40%
Synchrony CD 1.40%
Discover CD 1.40%

Best rates for a no-penalty CD

CD account Rate
Ally No Penalty CD 1.25%
CIT Bank Certificate of Deposits (CD) 1.20%
Marcus by Goldman Sachs High-Yield CD 1.10% to 1.30%

Best CDs for a low balance

CD account Rate Minimum opening deposit
Ally High Yield CD 0.50% to 1.40% $0
Capital One 360 CDs® 0.60% to 1.30% $0
Marcus by Goldman Sachs High-Yield CD 0.60% to 1.40% $500

If you want to grow your money but keep it safe from the turbulence of the stock market, a certificate of deposit (CD) may be a good option.

 

CD rates calculator

Process the intermittent loan cost by isolating the base yearly rate by the occasions every year intrigue is determined and added to the CD’s parity (called intensifying). For instance, if enthusiasm on the CD is aggravated month to month, separate the base rate by 12 to locate the intermittent loan cost.

 

6-month jumbo cd rates

Bank APY Minimum
deposit for APY
SchoolsFirst Federal Credit Union 1.20% $20,000
Limelight Bank 1.10% $1,000
Live Oak Bank 1.10% $2,500
Sallie Mae Bank 1.10% $2,500
BMO Harris Bank 1.10% $5,000
Union Bank 1.01% $350
Navy Federal Credit Union 1.01% $1,000
EmigrantDirect 1.00% $1,000
MySavingsDirect 1.00% $1,000

Note: The APYs (Annual Percentage Yield) demonstrated are as of May 21, 2020. The rates for certain items may change by area.

6-month cd rates Wells Fargo

CD term

Non-bonus rate*

Bonus rate*

Minimum

deposit

3-month (Standard CD rate)

0.05%

0.08%

$2,500

5-month (Special CD rate)

0.30%

0.33%

$5,000

6-month (Standard CD rate)

0.10%

0.13%

$2,500

1-year (Standard CD rate)

0.15%

0.18%

$2,500

*Rates can vary by location.

6% cd rates – They Exists ?