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Current 3 Month CD Rates: Best CD Rate at 0.66%

The best CD rates on 3 month certificates of deposit on our rate list are just above 0.50 percent. The FDIC's national average 3 month CD rates at banks is less at 0.11 percent. Average jumbo CD rates in the FDIC's rate survey are sightly higher at 0.12 percent.

The highest CD rate on our 3 month rate list is from EverBank. Current 3 month CD rates at EverBank are offered at 0.66 percent with an APY of 0.66 percent. EverBank's rate is six times the FDIC average and just below the FDIC's rate cap of 0.86 percent.

The second best 3 month CD interest rate on our list belongs to E-Loan. The current CD rate for 3 month certificates of deposit at E-Loan is at 0.65 percent with an APY of 0.65 percent.

The third highest CD rate on our 90 day rate list is from VirtualBank. The bank's current 3 month rate is at 0.50 percent with an APY of 0.50 percent. As you can see the highest CD rates on our rate 3 month list are well above the FDIC's average. Here is a list of the top CD rates on 3 month CDs.

Best CD Rates on 3 Month Certificates of Deposit

  • EverBank CD Rates 0.66% APY 0.66%

  • E-Loan CD Rates 0.65% APY 0.65%

  • Virtual Bank CD Rates 0.50% APY 0.50%

  • AloStar Bank of Commerce CD Interest Rates 0.45% APY 0.45%

  • OneWest Bank Rates 0.45% APY 0.45%

  • Ally Bank CD Rates 0.44% APY 0.44%

  • Barclays Bank CD Rates 0.40% APY 0.40%

  • USAA Bank CD Rate 0.35% APY 0.35%

  • First Internet Bank of Indiana CD Rate 0.35% APY 0.35%

Considering how low bank CD rates are these days you might think it is better to invest in a longer term certificate of deposit. Locking in a long term CD rate so low might not be the best decision to make.

The best CD rates on 5 year certificates of deposit are just above 2.00 percent. Current rates will undoublty move higher before a 5 year CD term is up in 2017. That being said sticking with shorter term certificates of deposit will insure you get in on the ground floor when rates do increase.
Author: Jason P. Jones
August 14th, 2012