bank rates

Best 3-Month CD Rates Pay Four Times More Than The National Average

E-Loan offers the best rate at 0.65% APY.There have been some changes in 3-month CD rates in the six weeks since we last reviewed this term, but not at the top.

E-Loan ( continues to lead the term on our CD Rates Leaderboard with its offer of 0.65% APY with a $10,000 minimum deposit.

The subsidiary of Banco Popular North America launched that rate last month, and no other banks we’re tracking come close to beating it.

EverBank (, a predominantly online bank based in Jacksonville, Fla., dropped its 3-month CD rate slightly and now pays 0.51% APY with a $1,500 minimum deposit.

Three banks offer 0.50% APY:

Hudson City Savings Bank (, which has 130 branches in New Jersey, New York and Connecticut, and requires a $500 minimum deposit for anyone living in that tri-state area but a $5,000 minimum deposit for everyone else.

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 if purchased online.

Virtual Bank (, the online division of Sabadell United Bank, based in Miami, which requires a $10,000 minimum deposit.

AloStar Bank of Commerce (, which is an online bank based in Birmingham, Ala., pays 0.46% APY with a $1,000 minimum deposit.

And two banks offer 0.45% APY:

MetLife (, the insurance giant’s online bank, which requires a $25,000 minimum deposit.

OneWest Bank (, which has 82 branches in Southern California and requires a $1,000 minimum deposit.

The average annual yield offered by large banks and thrifts for 3-month CDs is 0.15%.

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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