Looking to grow your savings without locking your money away for years? A 6-month certificate of deposit (CD) can offer safety, flexibility, and better yields than regular savings accounts. Ally Bank’s 6-month CD offers 3.9% APY with no maintenance fees or minimum deposit. Synchrony Bank offers 3.75% APY with no fees or balance requirements. America First Credit Union offers a 4% APY with a $500 minimum deposit.

Marcus by Goldman Sachs offers a 4.05% APY on their 6-month CD, while Bread Savings also offers 4.05% APY with a higher $1,500 minimum deposit. Bank5Connect offers a 3.2% APY with a $500 minimum deposit. Bask Bank offers 3.85% APY with a $1,000 minimum deposit. EverBank offers a 3.8% APY on their 6-month CD with a $1,000 minimum deposit. Quontic offers 3.75% APY with a $500 minimum deposit.

Limelight’s 6-month CD offers the highest rate of 4% with a $1,000 minimum deposit. Early withdrawal penalties range from 45 to 90 days’ interest. CD rates can be as high as 4%, earning you more interest than a traditional savings account. It’s important to shop around and compare rates before committing to a CD.

The highest 6-month CD rate currently is 4.05%. Our grading system evaluated over 300 data points for federally insured CDs with 6-month terms. Categories considered include APY, minimum opening deposit, compounding frequency, and customer service methods. Rates on our list are current but subject to change. Choose the best CD option based on your financial goals and priorities.

Read more at Yahoo Finance: Earn up to 4.05% APY