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Best 6-month credit union CD rates

CD Rates » Best 6 Month Credit Union CD Rates

The Federal Reserve may have lifted a key short-term interest rate in December, but it's had little impact on 6-month CD rates. In fact, a 6-month CD has paid on average about 0.16% APY since January 2015, based on Bankrate's weekly survey.

The average inched up to 0.17% in May and then again from August through October, but now it's back down to 0.16%.

Fortunately, you can find institutions that offer rates much higher than average.

Bankrate's best 6-month credit union CD rates

Each month, Bankrate surveys the top 50 largest credit unions in the country. Here are 7 credit unions that offer the best 6-month CD rates today. They each pay at least 4 times the national average.

InstitutionYield
State Employees' Credit Union1%
Star One Credit Union0.9%
SchoolsFirst Federal Credit Union0.75%
Northwest Federal Credit Union0.65%
San Antonio Federal Credit Union0.65%
Suncoast Credit Union0.65%
Virginia Credit Union0.65%

State Employees' Credit Union

State Employees' Credit Union is based in Raleigh, North Carolina, and has 242 branches throughout North Carolina.

  • What it pays: 1% APY
  • Membership restrictions: Membership is limited to state employees of North Carolina; public school employees within the state; retirees from state employment or public school systems; and employees in the county departments of health, mental health, social services or civil defense. In addition, all members of the North Carolina National Guard are eligible. Immediate family members and housemates of current members can also join.
  • Minimum deposit: $250
  • Early withdrawal penalty: 90 days' interest on the certificate or all interest accrued or earned, whichever is less.

Star One Credit Union

Star One Credit Union is based in Sunnyvale, California. It has 5 branches throughout California and more than 94,000 members.

  • What it pays: 0.9% APY
  • Membership restrictions: Membership at Star One is limited to people who live, work or attend school in Santa Clara County, California. Employees of specific companies, Star One Credit Union employees and immediate family members may also join.
  • Minimum deposit: $2,500
  • Early withdrawal penalty: 90 days' interest.

SchoolsFirst Federal Credit Union

SchoolsFirst Federal Credit Union is based in Santa Ana, California. It has 45 branches throughout Southern California.

  • What it pays: 0.75% APY
  • Membership restrictions: Membership is limited to school employees, retired employees or immediate family members of a school or retired education employee in 10 Southern California counties. Those counties include Imperial, Kern, San Bernardino, Los Angeles, Orange, Riverside, San Diego, San Luis Obispo, Santa Barbara and Ventura.
  • Minimum deposit: $500
  • Early withdrawal penalty: 90 days' interest on the principal amount withdrawn.

Northwest Federal Credit Union

Northwest Federal Credit Union is based in Herndon, Virginia. It has 7 branches throughout Virginia.

  • What it pays: 0.65% APY
  • Membership restrictions: To be a member, you must be an employee of certain U.S. government agencies, an employee of particular member companies or an employee of the credit union's partner organizations. Family members and household members of any of those groups may also join.
  • Minimum deposit: $1,000
  • Early withdrawal penalty: All interest on the amount withdrawn since the date of issuance or renewal.

San Antonio Federal Credit Union

San Antonio Federal Credit Union has 15 branches in south-central Texas and 1 branch near Houston.

  • What it pays: 0.65% APY
  • Membership restrictions: Membership is available to those who live, work or worship in West or South San Antonio, work for or are a member of one of the credit union's select groups or volunteer for a United Way agency. Active or retired military and military dependents may also apply. Members of select groups in Houston, and those registered Catholic with Archdiocese of Galveston-Houston also may join.
  • Minimum deposit: $1,000
  • Early withdrawal penalty: 180 days' interest.

Suncoast Credit Union

Suncoast Credit Union is based in Tampa, Florida, and has 57 full-service branches throughout Florida.

  • What it pays: 0.65% APY
  • Membership restrictions: To become a member, you must live in 1 of 17 Florida counties or have someone in your immediate family who is already a member, or you must be an alumnus of Florida College in Tampa. Those counties include Citrus, Charlotte, Collier, Desoto, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Lee, Levy, Manatee, Pasco, Pinellas, Sarasota and Sumter.
  • Minimum deposit: $500
  • Early withdrawal penalty: 90 days' interest.

Virginia Credit Union

Based in Richmond, Virginia, Virginia Credit Union has 17 branches throughout Virginia.

  • What it pays: 0.65% APY
  • Membership restrictions: Membership is limited to full-time and part-time employees and retirees of any state agency or department of the Commonwealth of Virginia, any public school system in Virginia, and any Virginia state-funded college or university. Approved companies and groups and approved contractors and vendors can also join. Membership also applies to employees and retirees of any county, town or other political subdivision in Virginia. Those who live, work, worship, volunteer or attend school within approved districts can also become members. Eligible associations, immediate family and household members are eligible. You can also join the Virginia Association for Career and Technical Education to become a member of the credit union.
  • Minimum deposit: $500
  • Early withdrawal penalty: A minimum of $20 or half the interest that would have been earned, whichever is greater.

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