The best six month CD rates available nationally saw a little boost in the average yield from the first week of May 2014 to the first week of June.  Based on the most recent survey of bank CD rates conducted by SelectCDrates.com, the average rate on the top ten highest six month term certificates of deposit increased by 5/1000ths of a percent.  The average six month CD rate in the survey increased to 0.732% from 0.737% in the month earlier.  The most recent CD rate survey was conducted on June 6th, 2014.

The highest six month rate comes from Doral Direct.  Doral Direct offers a six month certificate that currently yields 0.87%.  Doral Direct is the online branch of Doral Bank, an FDIC insured community bank.  There is a minimum of $500.00 required to open one of the bank CD accounts.

Following right behind Doral is the CD accounts offered by Bank5 Connect.  Bank5 Connect offers a six month CD rate of 0.85%.  The Bank5 Connect CD also has a $500.00 minimum deposit needed to open the account and obtain the APY.  Bank5 Connect is a division of BankFive, a Fall River, Massachusetts based bank.

The National Republic Bank of Chicago currently has the third highest six month CD rate in the nation.  The National Republic Bank of Chicago has a six month certificate with an interest rate of 0.80% and a minimum deposit of $1,000.00.

The top five highest six month CD rates for the first of week June include the following banks, rates, and minimum deposit requirements:

Doral Direct six month CD rate is 0.87% with a minimum deposit of $500.00.
Bank5 Connect six month CD rate is 0.85% with a minimum deposit of $500.00.
The National Republic Bank of Chicago six month CD rate is 0.80% with a minimum deposit of $1,000.00.
AloStar Bank of Commerce six month CD has a rate of 0.75% with a minimum deposit of $1,000.00.
GE Capital Bank, Colorado Federal Savings Bank, BAC Florida Bank, and EH National Bank all have six month CD rates at 0.70%.  The minimum deposit at GE Capital Bank is $500.00, the minimum deposit at Colorado Federal Savings Bank is $5,000.00, the minimum for BAC Florida Bank is $500.00, and the minimum deposit at EH National Bank is $10,000.00.

The bank and bank CD rate information may have changed since this publication date.  Check with the bank directly for the most up to date and accurate information.  All banks listed are FDIC insured institutions.

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