bank rates

36-Month CD Rates Top Out At 2.80% APY

The best 36-month CD rates plunged back below 3% last month — and stayed there.

The best 36-month CD rates plunged back below 3% last month -- and stayed there.

We don’t expect another rebound like the one that followed a similar drop in August.

You probably won’t be able to earn 3% on even the top-paying 3-year certificates of deposit again until the Federal Reserve stops driving interest rates to record lows.

Hudson City Savings Bank is back on top of our rankings.

Only this time it’s paying 2.80% APY instead of the 2.90% it paid in November or the 3.00% offered last September.

The bank still requires a $5,000 minimum deposit unless you live in New York, New Jersey or Connecticut, the bank’s local service area. In that case your minimum is $500.

The other best deals on nationally available 36-month CDs are:

2.75% APY with a $1,000 minimum deposit from Alliance Bank, which has 23 branches in central New York.

2.75% APY with a $5,000 minimum deposit from Bank United, headquartered in Miami Lakes, Fla., with more than 75 branch locations in 13 counties.

2.70% APY with a $1,000 minimum deposit from Atlantic Coast Bank, which has 11 branches in Southeast Georgia and Northeast Florida.

Compare those deals to the best CD rates from scores of other banks in our extensive database.

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Comments (1)
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One Existing Comment
  1. DealMaven said:
    on March 11th at 02:49 pm

    Hudson City Bank no longer offers the best rate on a 36-month CD. On March 5 it dropped its yield to 2.65% from 2.80%, where it had been since Dec. 6.

    But there is another bank offering the current top rate of 2.75% APY: EBSBdirect, the online division of East Boston Savings Bank located in Peabody, Mass., requires a $1,000 minimum deposit.