- One credit union has CDs paying 6% APY: Financial Partners Credit Union.
- 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.
See if you qualify for a 6% interest CD. And don't worry if you aren't eligible — the best CD rates nationwide are paying around 4% to 5% APY, depending on the term.
Finding CDs offering 6% interest
There isn't a nationwide bank offering a 6% CD rate today, but there is one local credit union with a CD that pays 6% APY (although you'll need to meet membership eligibility requirements).
California Coast Credit Union also has a 5-month Celebration Certificate with a 9.50% APY. This account only lets you deposit a maximum of $3,000. The credit union's membership eligibility requirements are also limited to people who live or work in San Diego or Riverside counties.
You can compare these CD terms with the best 6-month CD rates to see how local CDs compare to nationally available CDs of shorter term lengths.
Certificate of deposit with 6% interest
| Institution | Term | Highest APY Available |
| Financial Partners Credit Union | 8 months | 6.00% |
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, 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).
Where to find the best CD rates for a high APY
Online banks and credit unions with high-yield CDs
Traditional brick-and-mortar banks tend to offer the lowest rates, on average, on CDs and savings accounts. It's likely that you'll find more competitive rates, and even better terms, on CDs offered by online banks and credit unions, which have lower overhead costs than banks with many physical locations.
Local institutions with high-yield CDs
If banking in person is important to you, check out what CD rates and terms your local bank branch or credit union has to offer.
Important factors to consider for high APY CDs
High CD interest rates may draw you to one particular CD offering, but there are a few important factors to consider before opening the account.
Minimum deposit requirements on high APY CDs
Some high-earning CDs require a minimum deposit of $500 or more to start earning interest.
Term length on high APY CDs
If you're saving for a specific savings goal with a CD, be sure that the term length matches your timeline. Typical term lengths range from three months to five years, though some banks and credit unions offer terms of up to ten years.
Early withdrawal penalties on high APY CDs
You'll usually have to pay a fee if you need to take your money out before the CD maturity date.
Most institutions charge a portion of your interest earnings as an early withdrawal penalty, with a higher fee for longer terms.
6% interest CD FAQs
Are there really CDs offering 6% interest?
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 each of this credit union, though.
Why do some banks offer much higher CD rates than others?
Online banks tend to have fewer costs than traditional brick-and-mortar banks, while credit unions serve smaller communities. For these reasons, online banks and credit unions can offer higher rates on CDs.
Are CDs with 6% interest risky?
CDs with a high interest rate are no more risky than CDs with a low interest rate, all else being equal. CDs are insured for up to $250,000 per institution, so there's no risk of losing your initial deposit. However, if you make an early withdrawal, you'll likely have to forfeit some of your interest.
Can I get a 6% CD with no minimum deposit?
Right now, the only financial institution offering a 6% interest CD requires a minimum opening deposit. The lowest minimum opening deposit option for 6% CDs comes from Financial Partners Credit Union, which requires a $1,000 minimum opening deposit.
Is it smart to lock into a long-term CD now if rates might rise further?
If you suspect rates may rise in the future, consider implementing a CD ladder strategy or exploring alternative CD options, such as a bump-up CD or a step-up CD, which have built-in rate increases.
*Axos ONE Savings and Checking Bundle: The Annual Percentage Yield (APY) is accurate as of 04/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below. The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY. Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period: Option 1 1. Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total. 2. The average daily balance of your Axos ONE Checking account is at least $1,500. Option 2 1. Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total. 2. The average daily balance of your Axos ONE Checking account is at least $5,000. If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period: The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met. The Axos ONE Savings account will earn a promotional rate of up to 4.66% APY for the statement cycle in which the requirements are met. The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit. Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder's Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds. Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
**LendingClub LevelUp Savings Account: Earn 4.40% APY when you deposit at least $250 per month, earn 3.40% standard APY if minimum isn't met.
***CIT Bank Platinum Savings: Transfer a one-time deposit of $50,000+ for a Bonus of $300 or a one-time deposit of $25,000 -$49,999.99 for a Bonus of $225
****SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
*****Public High-Yield Bonds: All investing involves the risk of loss, including loss of principal. Past performance does not guarantee future results. This is not a recommendation or offer to buy/sell securities or engage in any investment strategy. Brokerage services for treasuries in a Treasury Account and US-listed securities, options, and bonds in a self-directed brokerage account are offered by Open to the Public Investing, member FINRA & SIPC. Public Advisors and Public Investing are affiliates. Self-directed Individual Retirement Accounts and Bond Accounts are offered by Public Investing. A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The 6.9% yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees, as of 3/13/2025. A bond's yield is a function of its market price, which can fluctuate; therefore, a bond's YTW is not "locked in" until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The "locked in" YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See Public's fee schedule for more information. https://public.com/disclosures/fee-schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See Bond Account Disclosures to learn more. https://public.com/disclosures.
