The 36-month term saw a little excitement last month.
The lead rate spiked nearly half of a percentage point, to 1.85% APY, for 10 days — the highest 3-year CD rate on our CD Rates Leaderboard since 2011.
But it’s now settled right back to where it started.
That’s 1.40% APY.
Not nearly as exciting.
Leader NexBank (www.nexbank.com), which is a division of NexBank Capital Inc., has two branches in Texas and requires a $10,000 minimum deposit, has been offering that 1.40% APY since November.
Two banks offer the second-highest rate of 1.35% APY:
AmTrust Bank (www.amtrust.com), which has 40 branches in Florida and Arizona and is a division of New York Community Bank, requires a $500 minimum deposit.
Barclays (www.banking.barclaysus.com), which is the online American operation of the big British bank, has no minimum balance requirement.
Two banks pay 1.31% APY:
Nationwide Bank (www.nationwide.com), which is an online bank owned by Nationwide Mutual Insurance Company and its affiliates, requires a $500 minimum deposit.
Virtual Bank (www.virtualbank.com), which is the online division of Sabadell United Bank, based in Miami, requires a $10,000 minimum deposit.
Three banks pay 1.30% APY:
CIT Bank (www.bankoncit.com), the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies, requires a $1,000 minimum deposit.
Discover Bank (www.discoverbank.com), which is an online bank owned by the credit card company, requires a $2,500 minimum deposit.
Sallie Mae Bank (www.salliemae.com), which is an online bank owned by the student lender with a single branch in Murray, Utah, requires a $2,500 minimum deposit.
The average annual yield that large banks and thrifts are offering for 36-month CDs is 0.52% APY for a second week.
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.