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- A few local credit unions have CDs paying 6% APY or more.
- 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, and they're 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 that's offering a 6% CD right now, but there are a few credit unions offering CDs that pay 6% APY or more (although you'll need to meet their 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.
Certificates of deposit with at least 6% interest
Institution | Term | Highest APY Available |
8 months | ||
Bayer Heritage Federal Credit Union | 12 months | 6.18% |
12 months | ||
4 months |
Compare other high-yield CDs
If you don't meet the membership eligibility requirements at any of the above credit unions, bear in mind that various CDs offer 5% interest.
Compare 6% CDs
Several credit unions offer a CD paying 6% APY. Read more about the opening requirement for each 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
You must become a member to open a Financial Partners Credit Union account. Membership is open to anyone who lives, works, or goes to school in select areas in Southern California (Los Angeles County, Orange County, Riverside County, San Diego County, the City of South San Francisco, or Alameda) or works for a select employer group.
Bayer Heritage Federal Credit Union
Bayer Heritage Federal Credit Union has locations in Ohio, Pennsylvania, South Carolina, Texas, and West Virginia. The credit union is offering 6.18% APY on a 12-month share certificate from November 1 to November 30. You'll need at least $100 to open an account, and you must use funds that haven't been deposited into another Bayer Heritage Federal Credit Union bank account. The CD special also has a maximum deposit amount of $100,000.
Membership at the credit union is open to employees of the Bayer Corporation; people who live, work, or go to school in eligible areas; people who work for a preferred business partner; or people who join the American Consumer Council. You can join the ACC regardless of where you live in the U.S.
City Credit Union
City Credit Union serves residents in North Texas. It's offering
You'll have to meet certain membership eligibility requirements to open a CD at City CU. Membership is open to anyone who lives, works, worships, or goes to school in an eligible Texas county (Dallas, Collin, Denton, Tarrant, Rockwall, Kaufman, Ellis, Grayson, Cooke, Hunt, Parker, Wise, or Johnson). A minimum opening deposit of
Travis Credit Union
To qualify for this offer, you must have an existing or new Travis Credit Union Checking Account. You'll also need to make three direct deposits of new money totaling $2,000 or more into the checking account within the first 90 days of opening the share certificate.
To become a member of Travis Credit Union, you must live, work, worship, or go to school in a select county in Northern California. You'll also be eligible if you are a military member or civilian personnel of Travis Air Force Base.
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 are a couple of credit unions paying 6% APY on a CD, including (but not limited to) Financial Partners Credit Union and City Credit Union. You'll have to meet certain eligibility requirements to join these credit unions, though.