bank rates

Goldwater Bank Returns To The CD Rates Leaderboard With The Best 3-Month CDs

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.The best nationally available 3-month CD rates pay more than they have in seven months.

This bit of good news comes courtesy of Goldwater Bank, which has increased its rate to 0.91% APY. You’ll need a $5,000 minimum deposit to purchase this CD.

Goldwater, which has a single location in Scottsdale, Ariz., knocks off from our CD Rates Leaderboard term leader AloStar Bank of Commerce, which pays 0.76% APY.

Its rate is also well above the national average rate of 0.16% APY for 3-month certificates of deposit, according to our latest survey of banks throughout the country. That’s a record low.

Goldwater Bank ( opened in 2007 and offers accounts to anyone in the United States. It has earned just one star (on a five-star scale) on Bankrate’s Safe & Sound rating system.

The bank is losing money and has a significant number of bad loans. Nonetheless, deposits are FDIC-insured, so your deposits are guaranteed.

In addition to increasing its 3-month CD rates, Goldwater also boosted rates in other terms we cover, although it doesn’t lead in any other category.

It’s paying:

  • 1.00% APY on 6-month CDs.
  • 1.14% APY on 12-month CDs.
  • 1.38% APY on 24-month CDs.
  • 1.60% APY on 36-month CDs.
  • 2.14% APY on 60-month CDs.

Banks qualify for our rankings by accepting deposits from all savers, regardless of where they live, either online or through the mail.

Don’t forget to check out some of the local short-term CD deals we’ve found that beat the best nationally available CD rates.

Compare these returns 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. Kathy at Bankaholic said:
    on September 26th at 08:29 am

    These 3- and 6-month rates are still available, but the others have slipped slightly: 12-month, to 1.13% APY; 24-month,1.35% APY; 36-month, 1.58% APY; and 60-month, 2.11% APY.

  2. Kathy at Bankaholic said:
    on October 3rd at 08:44 am

    Goldwater’s 3- and 6-month rates are still available, but the other rates continue to slip: 12-month, 1.12% APY; 24-month, 1.34%; 36-month, 1.56%; and 60-month, 2.07%.