6 Month IRA Rates

Compare rates on 6 month IRAs from banks and credit unions. Use the filter box below to customize your results. Click here to learn more about 6-month IRA CDs and how they can be a beneficial tool in your retirement strategy.

Location
Deposit Amount
Filters
Institution
APY
Service Charge
Min. to Earn
Min. Deposit
Indiana University Credit Union
NCUA Insured
6 Month IRA
3.6 Our Rating
4.75%
$2k
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3.6 Our Rating NCUA Insured
APY
4.75%
Service Charge
Minimum to Earn $2k
Minimum Deposit
Texoma Community Credit Union
NCUA Insured
6 Month IRA
4.1 Our Rating
4.60%
$1k
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4.1 Our Rating NCUA Insured
APY
4.60%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Evolve Federal Credit Union
NCUA Insured
6 Month Term Share IRA
4.8 Our Rating
4.59%
$500
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6 Month Term Share IRA
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4.8 Our Rating NCUA Insured
APY
4.59%
Service Charge
Minimum to Earn $500
Minimum Deposit
Access Federal Credit Union
NCUA Insured
6 Month IRA Certificate
4.1 Our Rating
4.50%
$1k
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6 Month IRA Certificate
View
4.1 Our Rating NCUA Insured
APY
4.50%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Communitywide Federal Credit Union
NCUA Insured
6 Month IRA
4.1 Our Rating
4.50%
$1k
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4.1 Our Rating NCUA Insured
APY
4.50%
Service Charge
Minimum to Earn $1k
Minimum Deposit
One World Bank
Member FDIC
180 Day Independent Retirement Account
4.1 Our Rating
4.50%
$1k
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180 Day Independent Retirement Account
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4.1 Our Rating Member FDIC
APY
4.50%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Sullivan Bank
Member FDIC
7 Month IRA Special
4.1 Our Rating
4.50%
$1k
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7 Month IRA Special
View
4.1 Our Rating Member FDIC
APY
4.50%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Lyons Federal Bank
Member FDIC
7 Month IRA Special
5.0 Our Rating
4.45%
$0
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7 Month IRA Special
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5.0 Our Rating Member FDIC
APY
4.45%
Service Charge
Minimum to Earn $0
Minimum Deposit
Synergy Federal Credit Union
NCUA Insured
6 Month IRA
4.1 Our Rating
4.44%
$1k
View
View
4.1 Our Rating NCUA Insured
APY
4.44%
Service Charge
Minimum to Earn $1k
Minimum Deposit
Bank of Utah
Member FDIC
6 Month IRA
5.0 Our Rating
4.42%
$100
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6 Month IRA
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5.0 Our Rating Member FDIC
APY
4.42%
Service Charge
Minimum to Earn $100
Minimum Deposit
America First Credit Union
NCUA Insured
3 - 5 Month IRA Dedicated Savings IRA Certificate
5.0 Our Rating
4.40%
$0
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3 - 5 Month IRA Dedicated Savings IRA Certificate
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5.0 Our Rating NCUA Insured
APY
4.40%
Service Charge
Minimum to Earn $0
Minimum Deposit
GECU
NCUA Insured
6 Month IRA
3.6 Our Rating
4.40%
$2.5k
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6 Month IRA
View
3.6 Our Rating NCUA Insured
APY
4.40%
Service Charge
Minimum to Earn $2.5k
Minimum Deposit
HAB Bank
Member FDIC
6 Months IRA - Variable
3.6 Our Rating
4.40%
$1.5k
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6 Months IRA - Variable
View
3.6 Our Rating Member FDIC
APY
4.40%
Service Charge
Minimum to Earn $1.5k
Minimum Deposit
Institution for Savings
Member FDIC
6 Month IRA Special
5.0 Our Rating
4.40%
$1
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6 Month IRA Special
View
5.0 Our Rating Member FDIC
APY
4.40%
Service Charge
Minimum to Earn $1
Minimum Deposit
Quorum Federal Credit Union
NCUA Insured
6 Month IRA Term Savings
5.0 Our Rating
4.40%
$100
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6 Month IRA Term Savings
View
5.0 Our Rating NCUA Insured
APY
4.40%
Service Charge
Minimum to Earn $100
Minimum Deposit
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6-Month IRA CD

A short term IRA CD could be a beneficial part of your investment strategy, depending on your overall personal finance goals. The 6-Month IRA CD, or 180 Day IRA, basically offers you a way to take advantage of IRA (Individual Retirement Accounts) tax implications while keeping your funds relatively liquid during a season of interest rate increases. The IRA component of this product limits how you can use the funds contained within it, and the CD component limits potential growth, as well as well as the product’s time horizon.

Within an IRA Savings Account, you are able to allocate contributed funds into different investments (e.g., mutual funds, stock funds, index funds), the range of possible investments being determined by the bank issuing the IRA. As a result, a lot of standard IRA Savings Accounts come with management fees, and your return will fluctuate based on the performance of the underlying investments. IRA CDs, on the other hand, guarantee a specific return and are more likely to avoid costly management fees.

Laddering a 6-month IRA CD would give you the option to reinvest it at its maturity date or put it into a standard IRA account (in order to avoid the penalties associated with cashing out the IRA). Though it varies based on current CD rates, banks and credit unions usually offer 6-month IRA CD interest rates that are comparable to a standard savings or IRA account. Many financial institutions have an online banking system enabling consumer to apply online for IRA CDs. An ACH transfer is usually easy to set up and is an easy way to fund the account.