bank rates

For All Savers: 3-Year CD Pays 1.60%

Chart showing something rising.We’re starting to see more competitive 3-year CD offers, which helps make the argument that the worst days for certificates of deposit are over.

Are the rates we’re seeing drop-dead fantastic? No. But they should start giving savers a taste of things to come.

For example, Bankaholic contributor Charles Rechlin found a very nice deal from First Tech Federal Credit Union, based in Mountain View, California.

This credit union’s 370,000 members can purchase a 36-month CD that pays 1.60% APY with a $500 minimum deposit.

The yield is more than a tenth of a percentage point better than the top nationally available bank deal on our CD Rates Leaderboard.

How other nationally available 3-year CDs rate

Institution APY Minimum deposit
Connexus Credit Union 1.75% $10,000 / active checking account required
Melrose Credit Union 1.66% $5,000
America’s Credit Union 1.50% $10,000

You must be a credit union member in order to purchase this CD, but membership is easy.

Anyone who works for the state of Oregon or one of numerous tech companies listed on the credit union’s website is eligible to join, as is anyone who lives or works in Lane County, Oregon.

Chart comparing CD ratesIf you can’t qualify otherwise, all savers can join First Tech by first becoming a member of the Financial Fitness Association for a $5 fee. Credit union membership also requires you open a Membership Savings account with a $5 minimum balance.

Members can buy CDs online or at a branch, of which there are 40.

First Tech Federal Credit Union has branches in California, Colorado, Georgia, Idaho, Massachusetts, Oregon, Texas, Washington and Puerto Rico.

Learn more about this credit union at or call 855-855-8805.

Compare this return with the best CD rates from scores of banks in our extensive database.

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Comments (2)
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2 Existing Comments
  1. Jim S. said:
    on September 4th at 07:11 am

    USAlliance Credt Union offers a 3yr. CD at 1.71%.

    In the first page of the new-member application, you must select how you are eligible to join. The first option can be chosen by anyone.

  2. Mike Cetera said:
    on September 4th at 07:39 am

    Thanks, Jim.

    We do have that offer on our list of the highest CD rates:

    It’s a 35-month offer.