Finding the best CD rates is often a challenge in today’s economy, but there are plenty of financial institutions offering great rates if you know where to find them. Several Newark 6-month CD rates, for example, are very competitive for the area. Here’s a closer look at the best rates this month. 
Compare the Best Local Rates
Newark 6 Month CD
With over 107 financial institutions in Newark NJ alone, it's not always an easy task to locate the most competitive offers available near you. Newark Banking Rates is a comprehensive resource for finding the best interest rates in your area, including the highest CD rates. The average 6 Month CD rate in Newark NJ is currently 0.49%, including rates from a total of 39 accounts. Below is an up-to-date list of the top five six month CD rates in your area.
Banks and Credit Unions with the Best Six-Month CD Rates in Newark NJ- Suma Yonkers Credit Union: 1.31%
- Lomto Credit Union: 1%
- Public Savings Bank: 0.85%
- Waterbury Connecticut Teacher Credit Union: 0.8%
- Ibm Metro Employees Credit Union: 0.76%
For more information regarding the above banks and rates, or to view the best CD rates for additional term lengths, visit Newark NJ CD Rates.
We’re well into summer, which means you’re likely going to be spending more money than usual on vacations, entertainment and other seasonal expenses. Don’t get so wrapped up in the spending that you forget to save, too. Putting some money away in a Newark 6-month CD now means you will come out of the summer festivities and following holidays with extra cash and interest earned on top.
Having a solid understanding of the interest rates available from banks and credit unions near you is very important if you expect to hold high-earning accounts. Newark Banking Rates has compiled a list of the average CD rates in Newark by term, so you can gauge the competitiveness of your own accounts or have a benchmark for comparison if you are interested in opening a new CD.
Certificates of deposit with a term length of 6 months are a popular choice among depositors. 6 months is a period of time long enough to really see interest rates that beat out most traditional savings accounts, but at the same time, short enough so that it doesn’t feel like you lose access to your money for too long. If you would like to open a 6-month CD in Newark, find out where to get the best interest rates first.
How can you determine whether a CD rate is really a good one? It takes a bit of research, but Newark Banking Rates exists to bring you all the information you need to find out.
To start, begin with the average rate for your location. Newark Banking Rates compiles rates data from within a 50-mile radius of Newark and the following is a breakdown of that information to help you locate the best rates near you.
