bank rates

Top 3-Year CD Continues To Pay 1.55%

AmTrust Direct has offered the same CD rate since last fall.Simply put, the top nationally available 36-month CD rates are stuck in neutral.

The term has had just two leaders in 2012, with AmTrust Direct, the online division of Cleveland-based AmTrust Bank (, a division of New York Community Bank, leading most of the time.

AmTrust Direct continues to pay the 1.55% APY with a $1,000 minimum deposit it first offered last fall.

There’s also been little movement among the other banks we’re tracking for the 36-month term for the CD Rates Leaderboard.

Doral Bank Direct (, the online bank of Doral Bank, the leading community bank in Puerto Rico that also has five branches in northwest Florida and two in New York City, pays 1.50% APY and requires a $1,000 minimum deposit.

CIT Bank (, the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle market companies, pays 1.42% APY and requires a $1,000 deposit.

Barclays (, which is the online American operation of the big British bank, pays 1.40% APY and has no minimum balance requirement.

Discover Bank (, which is an online bank owned by the credit card company, pays 1.35% APY and requires a $2,500 minimum deposit.

Lastly, three banks pay 1.31% APY:

The National Republic Bank of Chicago (, which has two branches in Chicago and requires a $1,000 minimum deposit.

USAA (, a diversified financial company based in San Antonio, which requires a $1,000 minimum deposit.

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

Large banks and thrifts are payimg an average annual yield of 0.69% APY for 36-month CDs.

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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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on June 22nd at 12:59 pm

    Barclays has raised its 3-year rate to 1.45% APY. The National Republic Bank of Chicago also raised its rate, to 1.41% APY.