A small Massachusetts bank is once again offering the best, nationally available deal on 6-month CDs.
Country Bank, which has 14 branches in the central part of the state, is paying 1.60% APY with a $500 minimum deposit.
It’s been a regular in our rankings of the best 6-month CD rates since August, and even topped the list back for a few weeks last fall, when it was paying 1.80% APY.
Unfortunately, you can’t open an account online. You’ve got to call the bank at (800) 322-8233 and a customer service rep will explain how to buy a certificate of deposit by mail.
The other top rates on 6-month CDs are:
1.50% APY with a $1,000 minimum deposit from The Jacksonville Bank, with five locations in that Florida city.
1.41% APY with a $5,000 minimum deposit from
The State Bank of India’s branch in New York City.
As recently as April, the best 6-month CDs were paying 2.30% APY to 2.25% APY, and the average rate was 1.07% APY.
This week it fell to 0.49% APY, the lowest average since Bankrate began tracking 6-month CD rates in January 1984.
Click here to compare these rates with the best CD rates from dozens of other banks in our extensive database.
Country Bank, which has 14 branches in the central part of the state, is paying 1.60% APY with a $500 minimum deposit.
It’s been a regular in our rankings of the best 6-month CD rates since August, and even topped the list back for a few weeks last fall, when it was paying 1.80% APY.
Unfortunately, you can’t open an account online. You’ve got to call the bank at (800) 322-8233 and a customer service rep will explain how to buy a certificate of deposit by mail.
The other top rates on 6-month CDs are:
1.50% APY with a $1,000 minimum deposit from The Jacksonville Bank, with five locations in that Florida city.
1.41% APY with a $5,000 minimum deposit from
The State Bank of India’s branch in New York City.
As recently as April, the best 6-month CDs were paying 2.30% APY to 2.25% APY, and the average rate was 1.07% APY.
This week it fell to 0.49% APY, the lowest average since Bankrate began tracking 6-month CD rates in January 1984.
Click here to compare these rates with the best CD rates from dozens of other banks in our extensive database.
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