bank rates

3-Year CD Rates Leader, 6 Months Strong

AmTrust Direct has offered the same 36-month CD rates since October.The last time we saw a significant change in top 36-month CD rates was mid-January.

That was winter. Not sure if you’ve noticed, but it’s now spring.

We don’t fault leader AmTrust Direct (

The online arm of Cleveland-based AmTrust Bank, a division of New York Community Bank, has been doing its part by steadily paying 1.55% APY with a $1,000 minimum deposit since last fall.

To be exact: Oct. 3.

That’s a long time to hold a rate these days.

Of course, a year ago at this time, the top 36-month CD rate on our CD Rates Leaderboard was 2.20% APY.

But it’s probably best to not dwell too much on that.

Today’s second-highest rate, 1.50% APY, comes from two banks:

Doral Bank Direct (, 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, which requires a $1,000 minimum deposit.

KeySource Commercial Bank (, which has a single branch in Durham, N.C., and requires a $100 minimum deposit for CDs purchased in person, over the phone or through the mail and a $5,000 minimum deposit for CDs purchased online.

Broadway Federal Bank (, which has five branches in Los Angeles and Inglewood, Calif., and requires a $500 minimum deposit, offers the third-highest rate of 1.46% APY.

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.

Barclays (, which is the online American operation of the big British bank, offers 1.40% APY with no minimum balance requirement.

Lastly, two banks pay 1.35% APY:

Discover Bank (, an online bank owned by the credit card company, which requires a $2,500 minimum deposit.

Jacksonville Bank (, which has five locations in northeast Florida and requires a $1,000 minimum deposit.

Large banks and thrifts offer an average annual yield of 0.69% APY for 36-month CDs, according to our latest survey.

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. Kathy at Bankaholic said:
    on April 20th at 06:58 am

    You can still get all of these rates except for Broadway Federal’s. It has dropped its 36-month CD rate to 1.26% APY.

  2. Kathy at Bankaholic said:
    on May 7th at 10:10 am

    You can still get these rates except for these: KeySource now pays 1.20% APY; Broadway Federal, 1.26% APY; and Jacksonville Bank, 1.25% APY.