bank rates

3 Banks Pay At Least 1.45% On 3-Year CDs

AmTrust Direct continues to lead 36-month CD rates with its longtime offering of 1.55% APY.

While we’re glad for the consistency, we’d like to see at least a little movement upward for this term. It hasn’t budged since Jan. 17.

The online division of Cleveland-based AmTrust Bank, which is owned by New York Community Bank, AmTrust Direct ( requires a $1,000 minimum deposit.

Other banks we’re tracking for the 36-month term for our CD Rates Leaderboard:

Doral Bank Direct (, which is the online bank of Doral Bank, the leading community bank in Puerto Rico that also has five branches in northwest Florida and two in New York City, pays 1.50% APY with a $1,000 minimum deposit.

Barclays (, which is the online American operation of the big British bank, pays 1.45% APY with no minimum deposit.

CIT Bank (, the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies, pays 1.42% APY and requires a $1,000 deposit.

The National Republic Bank of Chicago (, which has two branches in Chicago, pays 1.41% APY with a $1,000 minimum deposit.

Discover Bank (, which is an online bank owned by the credit card company, pays 1.35% APY with a $2,500 minimum deposit.

Three banks pay 1.31% APY:

The New York branch of the State Bank of India (, which is India’s largest bank, with FDIC-insured branches in California, Chicago and New York, requires a $2,500 minimum deposit.

USAA (, which is a diversified financial company based in San Antonio, requires a $1,000 minimum deposit.

Virtual Bank (, which is the online division of Sabadell United Bank, based in Miami, requires a $10,000 minimum deposit.

Large banks and thrifts are currently offering an average annual yield of 0.68% APY for 3-year CDs.

These banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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Comments (2)
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2 Existing Comments
  1. Mike Cetera said:
    on June 28th at 09:56 am

    Curses. AmTrust Direct has cut its rate to 1.35% APY. New term leader is Doral Bank Direct.

  2. Kathy at Bankaholic said:
    on July 16th at 07:50 am

    Barclays has cut its rate to 1.35% APY.