Personal Finance Banking Certificates of Deposit
Written by Sophia Acevedo and Kit Pulliam; edited by Laura Grace Tarpley
Updated
- CDs with at least 6% interest
- Compare other CDs
- Compare 6% CDs
- FAQs
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- One local credit union has CD paying 6% APY.
- To open a 6% APY CD, you may need to meet certain eligibility requirements.
- There are also banks and credit unions with CDs paying over 5% APY, which are available nationwide.
While many CDs pay above the national average right now, finding a financial institution that offers 6% APY (Annual Percentage Yield) or more on a CD is pretty rare.
There isn't a nationwide bank offering a 6% CD right now, but there is one credit union with a CD that pays 6% APY (although you'll need to meet its membership eligibility requirements).
See if you qualify for a 6% interest CD. And don't worry if you aren't eligible — the best CD rates nationwide are still well above 5% APY.
Certificate of deposit with at least 6% interest
| Institution | Term | Highest APY Available |
Financial Partners Credit Union | 8 months | 6.00% |
Compare other high-yield CDs
If you don't meet the membership eligibility requirements for the above credit union, bear in mind that various CDs offer 5% interest.
Compare 6% CD
One credit union offers a CD paying 6% APY. Read more about the opening requirements for the financial institution below.
Financial Partners Credit Union
Financial Partners Credit Union is a Southern California-based financial institution. The credit union is offering an 8-month CD special paying 6.00% APY to new members (one CD per new member only). The CD has a minimum opening deposit of $1,000 and a maximum opening deposit of $5,000.
To open the CD special, you must live in an eligible area in Southern California (Los Angeles County, Orange County, Riverside County, San Diego County, the city of San Francisco, or Alameda, California).
6% interest CDs FAQs
How much interest will $25,000 earn in a 6% CD?
If you deposit $25,000 into a 1-year CD paying 6% APY, you'd earn around $1,500 in one year.
Is 6% for a CD good?
Yes, 6% APY for a CD is an excellent rate. Average CD rates are significantly lower than 6% APY.
What bank is paying 6% on CDs?
There is one credit union paying 6% APY on a CD, Financial Partners Credit Union. You'll have to meet certain eligibility requirements to join this credit union, though.
Banking Editor
Sophia Acevedo is a banking editor at Business Insider. She is a banking expert, and has about three years of experience reviewing banking products and analyzing savings and CD trends.Sophia oversees Personal Finance Insider's banking vertical. She edits and writes bank reviews, banking guides, and banking, budgeting, and savings articles for the Personal Finance Insider team.Sophia joined Business Insider in July 2021. Sophia is an alumna of California State University Fullerton, where she studied journalism and minored in political science. She is based in Southern California.You can reach out to her on Twitter at @sophieacvdo or email sacevedo@businessinsider.com.Read more about how Personal Finance Insider chooses, rates, and covers financial products and services »Below are links to some of her most popular stories:
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Personal Finance Insider editorial fellow
Kit Pulliam (they/them) is a Personal Finance Insider editorial fellow at Business Insider, specializing in banking. Kit joined Business Insider in January 2024. They cover bank reviews, savings rates, and more.Kit is an alumnus of Vanderbilt University, where they studied English and psychology. Kit previously worked as an editorial specialist at Tax Analysts. They are based in the DC area. You can email them at kpulliam@businessinsider.com.
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