bank rates

A Trio Of 3-Year CDs Pay At Least 1.40%

calculator resting on top of notebook with penWe were already feeling moody about interest rates, in light of the Federal Reserve’s latest (in)action, and reviewing 36-month CD rates hasn’t helped.

The offers just aren’t getting better.

The top nationally available 36-month CD rate on our CD Rates Leaderboard remains 1.50% APY.

Salem Five Direct (, the online division of Salem Five Bank, which has 23 branches just north of Boston, offers that lead rate with a $10,000 minimum deposit.

Intervest National Bank (, which has a single branch in New York City and six branches in Florida, offers the second-best rate of 1.45% APY and requires a $2,500 minimum deposit.

iGObanking (, the online division of Flushing Savings Bank, which has 17 locations in New York, offers the third-best rate of 1.40% APY with a $1,000 minimum deposit.

The FDIC-insured Chicago branch of the State Bank of India (, an independent U.S. branch of India’s largest bank, pays 1.31% APY and requires a $2,500 minimum deposit.

Chart showing average 36-month cd rates versus the best offers

Six banks pay 1.25% APY:

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

Barclays (, which is the online American operation of the big British bank, has no minimum balance requirement.

GE Capital Bank (, which is 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 (, which is also a subsidiary of GE Capital Corp., requires a $25,000 minimum deposit.

National Bank of Kansas City (, which is owned by Ameri-National Corp. and has two branches in Kansas and four in Missouri, requires a $5,000 minimum deposit.

The New York branch of the State Bank of India (, which is also an independent U.S. branch of India’s largest bank, requires a $5,000 minimum deposit.

The average annual yield that large banks and thrifts are offering for 36-month CDs is currently 0.48% – two one-hundredths of a percentage point higher than the record low it set back in July.

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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