National 3 Month CD Interest Rates: Best CD Rate at 0.66 Percent

Follow by Email
Facebook
Twitter
LinkedIn
The current FDIC national average 3 month CD rate is 0.13%, the FDIC's rate cap is 0.88 percent. There are many banks offering 3 month CD rates higher than the average but right now no CD rates at banks on our list has a rate as high as the FDIC's cap of 0.88 percent.

EverBank has the best 3 month CD rate at 0.66 percent with an an APY of 0.66 percent. The minimum opening CD account balance at EverBank is $1,500.



Right behind EverBank is E-Loan with the second highest 3 month CD rate on our list. E-Loan's current 3 month CD rate and yield is 0.65 percent. The current 3 month E-Loan CD rate is higher than their 6 month (.050%) and 9 month (0.60%) rates. E-Loan's minimum opening balance is $10,000.

Virtual Bank has the third best CD rate on our 3 month national rate list. Virtual Bank's 3 month CD rate is 0.50 percent with an APY of 0.50 percent. The minimum opening deposit for any CD account at Virtual Bank is $10,000.

3 Month CD Rates


Three different bank's rates are tied for fourth plance on our list. AloStar Bank of Commerce, OneWest Bank and Barclays Bank CD rates are all at 0.45 percent with an APY of 0.45 percent for a 3 month CD. Minimum opening balance at AloStar Bank of Commerce and OneWest Bank is $1,000. Barclays Bank's minimum opening deposit is $0.

Discover Bank CD rates on 3 month CDs are currently at 0.40 percent with an APY of 0.40 percent, the fifth highest CD rate on our list. Discover Bank doesn't have a minimum opening deposit for a CD account.

3 month Ally Bank CD rates are the sixth highest rate on our list. Ally Bank's 3 month CD rates are currently at 0.39 percent with an APY of 0.39 percent. Ally also doesn't have a minimum opening deposit for a CD account.

Two bank's CD rates are tied for the seventh best rate on our list. USAA Bank and First Internet Bank of Indiana are both offering 3 month CD interest rates at 0.35 percent with an APY of 0.35 percent. Minimum opening deposit at both banks is $1,000.

EH National Bank has the eight best rate on our 3 month list. EH National Bank's current 3 month rate is at 0.30 percent with an APY of 0.30 percent. The minimum opening balance for a certificate of deposit at EH National Bank is $10,000.

Coming in with the ninth best rate on our list are two bank's rates. American Bank and Giant Bank are both offering a 3 month rate at 0.25 percent with an APY of 0.25 percent.  The minimum opening account balance at American Bank is $500. Giantbank.com has a minimum opening deposit of $2,500.

Round out the top 10 3 month CD rates are TAB Bank and Metropolitan National Bank. Both banks are offering 3 month rates at 0.20 percent with a minimum opening deposit of $1,000.
 
Author: Robert Till
June 22nd, 2012