bank rates

3-Year CD Rates Roundup: Earn 2.70% Nationally

The top return among national 3-year CDs has been moving up lately. In fact, the top rates on 3-year CDs are around a half of a percentage point higher than they were at this time last year.

Now you can earn 2.70% APY from the lead bank on our list — Banesco. It requires a $1,500 minimum deposit.

BAC Florida Bank, Live Oak Bank and Popular Direct are all tied for second place, offering 2.60% APY.

But while there are several nationally-available deals worth considering, there are also some great local deals from credit unions and community banks for mid-term CD shoppers.

And we’ll tell you where to find those local deals.

The top nationally available 3-year CD rates

There are now 13 banks paying 2.35% APY or better on 3-year CDs.

Of course, before you settle on a bank, it’s important to compare the best rates of the day.

To find the best CD rates on any given day, search Bankrate’s extensive database.

Top National 3-Year CD Rates

Bank Yield Minimum Deposit
Banesco 2.70% $1,500
BAC Florida Bank 2.60% $1,500
Live Oak Bank 2.60% $2,500
Popular Direct 2.60% $10,000
First Internet Bank of Indiana 2.58% $1,000
M.Y. Safra Bank 2.56% $5,000
KS StateBank 2.55% $500
Everbank 2.50% $5,000
State Bank of India – Chicago 2.43% $2,500
State Bank of India – New York 2.42% $5,000
PenFed 2.38% $1,000
Bank of Baroda 2.35% $1,000
Capital One 360 2.35% $0

Earning more with local deals

Credit unions and community banks often pay the very best CD rates in the country. And while these local deals currently fall below the top paying national deals, it’s still important to keep an eye on credit unions and community banks for the best rates.

Most of these credit unions and community banks only accept deposits from savers who live or work nearby, or are willing to jump through a hoop to become a member. But it is possible to find credit unions and local banks offering nationwide deals.

Top Local 3-Year CD Rates

Bank State APY Min Deposit
Potlatch No. 1 Federal Credit Union Idaho, Washington 2.65% $500
Gulf Coast Federal Credit Union Texas 2.45% $500
North Platte Union Pacific Employees Credit Union Nebraska 2.02% $500
VITAL Federal Credit Union South Carolina 2.01% $500
NavyArmy Community Credit Union Texas 1.70% $1,000

 

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