6-Month Bank CDs Going Up

I've noticed several increases in 6-month CDs. Both KeyDirect and Corus Bank now tie for the highest 6-month CD with a rate of 4.35% APY. Below is a list of the top 6-month CDs:

• 4.35% (up from 4.28%) $5K min, KeyDirect
• 4.35% (up from 4.30%) $10K min, Corus Bank
• 4.34% (up from 4.05%) $500 min, Ascenia Bank
• 4.33% (up from 4.00%) $1K min, E*Trade Bank
• 4.32% (up from 4.21%) $1K min, Nexity Bank

Two even better deals are available at Affinity Bank and Worlds Savings. Both are offering a special 5-month 4.65% APY CD. See my previous post for more information. Also, you can get 4.50% with Superior Savings' special Money Market account (see post).

With rising interest rates, these short term CDs may be the best option other than EmigrantDirect or Presidential savings accounts.