CDs offering 6% interest

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• A few local credit unions have CDs paying 6% APY or more.
• To open a 6% APY CD, you may need to meet certain eligibility requirements.

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.

There isn't a nationwide bank offering a 6% CD right now, but there are a few credit unions with CDs that pay 6% APY or more (although you'll need to meet their membership eligibility requirements).

See if you qualify for a 6% interest CD. And don't worry if you aren't eligible — the best CD rates nationwide are still well above 5% APY.

Featured Nationally Available CD Rates

These CDs all offer at least 5% APY on deposits.

• Western Alliance Bank 6 Month CD - Product Name Only: Western Alliance Bank 6 Month CD - APY APY
• Western Alliance Bank 1 Year CD - Product Name Only: Western Alliance Bank 1 Year CD - APY APY
• Sallie Mae 14 Month CD - Product Name Only: Sallie Mae 14 Month CD - APY APY
• OptimumBank 5 Month No Penalty CD - Product Name Only: OptimumBank 5 Month No Penalty CD - APY
• CIT Bank 6 Month Term CD - Product Name Only: CIT Bank 6 Month Term CD - APY APY

Certificates of deposit with at least 6% interest

Compare other high-yield CDs

If you don't meet the membership eligibility requirements at any of the above credit unions, bear in mind that various CDs offer 5% interest.

Compare 6% CDs

Several credit unions offer a CD paying 6% APY. Read more about the opening requirements for each financial institution below.

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 6.50% 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 special, 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).

Resource One Credit Union

Resource One Credit Union is offering three 12-month certificates paying 6.17% APY. You can choose between a regular certificate, a Save to Win Certificate (which enters you into a prize drawing), and a flex certificate (which lets you add money to the CD at any time). The credit union also has a 12-month IRA certificate paying 6.43% APY.

Resource One Credit Union has 12 branches in Texas and is a community development financial institution (CDFI). CDFIs provide services to underserved communities and have to undergo a certification process by the U.S. Department of Treasury's Community Development Financial Institutions Fund.

You can become a member of the credit union and open bank accounts if you live or work in Carrollton, Cedar Hill, Dallas, Houston, Garland, Irving, Jersey Village, Mesquite, Oak Forest, Spring, or Northwest Harris Counties in the state.

You may open an account on the phone, through video chat, or by visiting a branch. Regular certificates and IRA certificates have a $500 minimum opening deposit. Meanwhile, you'll need at least $5,000 to earn 6.17% APY on the Save to Win certificate, and a minimum of $250 to get a flex certificate.

First Financial Federal Credit Union

First Financial Federal Credit Union has a 9-month CD special paying 6.09% APY. You'll need at least $5,000 of new money to open an account. First Financial Federal Credit Union defines "new money" as funds that come from another financial institution.

The credit union is based in Maryland. You may be eligible to open a CD if you or a family member work or volunteer for a select employer group in Maryland. You can also be a student at an affiliated school or college.

ACMG Federal Credit Union

New York-based ACMG Federal Credit Union is paying 6.00% APY on a 12-month traditional share certificate, which has a $1,000 minimum deposit.

The credit union has one office in Solvay, New York, and a second in Syracuse, New York. You have to qualify for membership to open a CD. To become a member, you must work for a select employer group; volunteer in a local partner organization; go to school in Solvay School District or Holy Family School; have a family member who's a current credit union member; or live, work, worship, or attend school in select areas of Syracuse, New York.

CoastLife Credit Union

CoastLife Credit Union is a Hispanic American-led financial institution that serves Texas residents. Its 6-month CD offers 6.00% APY with a $1,000 minimum balance.

You may join CoastLife Credit Union if you live or work in Aransas, Duval, Jim Wells, Kleberg, Nueces, or San Patricio County; attend school or worship in Kleberg County; are an immediate family member of an existing CoastLife member or someone who passed away when they were a member; or work for a qualifying school or business.

Empower Federal Credit Union

At Empower Federal Credit Union, you can earn 6.00% APY on a 3-month share certificate. The share certificate has a $500 minimum opening deposit and must be money from an external financial institution.

To be eligible for membership, you must work or be a retired employee from a member company; have a relative or household member who is a current member; or live, work, worship, or go to school in a select area in New York.

6% interest CDs FAQs

How much interest will $25,000 earn in a 6% CD?

If you deposit $25,000 into a 1-year CD paying 6% APY, you'd earn around $1,500 in one year.

Is 6% for a CD good?

Yes, 6% APY for a CD is an excellent rate. Average CD rates are significantly lower than 6% APY.

What bank is paying 6% on CDs?

There are a couple of credit unions paying 6% APY on a CD, including (but not limited to) Financial Partners Credit Union, Resource One Credit Union, and CoastLife Credit Union. You'll have to meet certain eligibility requirements to join these credit unions, though.