Meanwhile, Frontwave Credit Union offers 6% on an 18-month CD for residents of Riverside, San Bernardino and San Diego Counties, California who can pony up a minimum deposit of $1,000. “These 6% CDs are primarily local deals, not everyone in the nation will be able to be eligible to join these credit unions,” says Ken Tumin, founder and editor of. Security Plus Federal Credit Union offers an 11-month, 6% APY CD with a minimum $1,000 deposit and maximum $50,000 deposit to Baltimore City residents. (See some of the best high-yield savings account rates here and best CD rates here.) But these have some big catches that mean you may be far better off with a high-yield savings account (some are paying 4.5% or more) or high-paying CD with less red tape. And in at least two cases, we’re seeing CDs at 6%. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.Thanks to rapidly rising interest rates, many reputable banks and credit unions are now offering certificates of deposit with impressive rates above 4%. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers.

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