Kansas

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Lawrence, Kansas CD Rates – 6-Month

You are viewing rates from banks across Lawrence

 

Below are the best six-month CD Rates from banks with branches in Lawrence, Kansas . Six month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.

Lawrence, KS - November 27, 2024

6 Month CD National Average : 0.41% ?

Banks APY MIN MILES ?

Rate History: 4.50% → 5.15%

Rate History: 4.60% → 5.05% → 4.80%

Rate History: 3.25% → 5.00% → 4.50% → 5.00% → 4.80%

| Jun 21, 2022

The new rates have eclipsed shat i currently hold with this bank. Read More

Rate History: 1.66% → 4.95% → 5.10% → 4.60%

| Nov 3, 2023

site does not update at all, totally wrong rates listed Read More

Rate History: 4.25% → 5.10% → 4.25%

Rate History: 4.75% → 4.40% → 4.25% → 4.00%

| Oct 13, 2020

Been banking with RCB for 20 years now after today this will probably be my last year I was in a car wreck and my car was a total loss insurance set me a check. When up to the bank to try to catch it so I ... Read More

| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More

0.80%

$10,000

14.11

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0.75%

$10,000

3.34

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0.70%

$100,000

11.98

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0.70%

$10,000

7.51

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0.55%

$10,000

16.65

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0.50%

$500

20.08

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0.45%

$10,000

22.14

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0.40%

$1,000

16.67

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0.40%

$10,000

11.98

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0.40%

$10,000

22.41

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0.40%

$10,000

18.03

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0.35%

$10,000

22.22

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0.30%

$500

14.12

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0.30%

$250

13.40

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0.30%

$10,000

10.61

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0.25%

$1,000

3.83

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0.25%

$10,000

24.94

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| Aug 30, 2017

Excellent bank with a friendly helpful staff Read More

| Feb 4, 2020

Academy was great helping me open a new account Read More

| Jun 1, 2020

UMB does not honor the rate posted here! Read More

0.20%

$10,000

3.74

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0.20%

$10,000

4.01

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0.19%

$50,000

10.30

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0.14%

$10,000

10.30

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| Jun 25, 2021

TriCentury is great! They were there for me when my credit was not great, and I haven’t left because of their great customer service. Read More

0.05%

$10,000

4.37

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| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

6 Month Branch Certificates of Deposit 2024

Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. With a six month CD, depositors agree to leave their money in the account for six months in return for a fixed rate of interest over this period. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

In general, almost all brick-and-mortar banks provide CDs to their consumers. Opening one involves taking a trip to the branch although some banks allow CDs to be opened via the phone or online. In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rate from a bank in another state, it is worth investigating the account opening policy. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

The advantages of six month CDs opened via a traditional bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of six month CDs are:

  • Six month CDs currently pay interest rates significantly below many online and branch-based savings and money market accounts.
  • The deposited money is committed for six months.
  • Six month CDs from traditional banks often pay less interest than from online banks.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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