bank rates

3-Year CDs Stuck, Except For EverBank

woman smiling at a pink piggy bank she has in her handIn the month since we last reviewed the top nationally available 36-month CD rates, we’ve seen four rate changes among the top 10 offers we’re watching.

EverBank, which operates primarily as an online bank with 14 Florida branches, has made them all.

On March 28, EverBank first joined the top 10 by boosting rates to 1.31% APY.

It slightly raised its rate to 1.32% APY on April 4, then cut its rate to 1.29% APY on April 11 and cut it again Friday to 1.26% APY.

That offer is good enough to tie for eighth on the list we’re following for our CD Rates Leaderboard.

The top offer of 1.45% APY still belongs to Intervest National Bank (www.intervestnatbank.com), a community bank headquartered in New York City, which has one branch there and six branches in Clearwater and Pinellas counties in Florida. It demands a $2,500 minimum deposit.

Barclays (www.banking.barclaysus.com), which is the online American operation of the worldwide British bank with more than $2 trillion in assets, pays 1.35% APY and has no minimum balance requirement.

Four banks pay 1.30% APY:

AloStar Bank of Commerce (www.alostarbank.com), which is an online bank based in Birmingham, Ala., requires a $1,000 minimum deposit.

GE Capital Bank (www.gecapitalbank.com), one of two online banks, each with its own FDIC insurance, that are subsidiaries of GE Capital Corp., the financial services unit of the manufacturing giant, requires a $500 minimum deposit.

GE Capital Retail Bank (www.gecrb.com), the other bank that’s a subsidiary of GE Capital Corp., requires a $25,000 minimum deposit.

The New York branch of the State Bank of India (www.statebank.com), the FDIC-insured New York branch of India’s largest bank, which operates independently of other U.S. branches, requires a $5,000 minimum deposit.

The average annual yield that large banks and thrifts are offering for 36-month CDs is stuck at 0.49%.

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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