bank rates

Earn 1.75% With Top 3-Month CD Rates

You can’t make any money on short-term certificates of deposit if you don’t take advantage of the highest CD rates available.

Over the past couple of years, 3-month CD rates have fallen from an average of nearly 3%, to a pitiful 0.64% APY — and there’s no indication we’ve found the bottom.

Average 3-Month CD Rates

As long as the Federal Reserve keeps providing banks with all the cheap money they need, it looks like they’ll keep paying less and less for our deposits.

The best, nationally-available 3-month CD rates declined from 1.85% in May, to 1.75% this month.

But you can still earn nearly three times the average return if you sign-up for one of the highest CD rates:

1.75% APY with a minimum deposit of $10,000 from Excel National Bank, which has a single branch in Beverly Hills, Calif.

1.60% APY with no minimum deposit required from
Ally Bank
, an all online operation formerly known as GMAC Bank.

1.60 APY with a $2,000 minimum deposit from Imperial Capital Bank, which has nine branches in California, Nevada and Maryland.

Click here to compare these returns with the best CD rates from dozens of other banks in our extensive database.

Snidely WhiplashDebt collectors claim they’re following all the rules and even showing sympathy for families that have fallen on hard times in this awful recession. But CrankySaver says debt collectors are doing no such thing on Bankaholic’s Personal Finance Blog, which you can always reach by clicking on the “finance” tab at the top of the page.

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