bank rates

Goldwater Helps Lift 3-Month CD Rates

Goldwater pays 0.91% APY.Things have been worse for 3-month CD rates, not that they’re currently, by any means, awesome.

Goldwater Bank ( definitely improved the term when it took over the top spot on our CD Rates Leaderboard on Sept. 9 by boosting its offering to 0.91% APY.

We hadn’t seen a 3-month rate that high in some seven months.

But we’re not confident it will last.

Goldwater, which has a single location in Scottsdale, Ariz., and requires a $5,000 minimum deposit, has already dropped four rates it raised at that same time, for the 12-, 24-, 36- and 60-month terms.

Unfortunately, the second best rate for this term is just 0.75% APY, offered by Hudson City Savings (, which has 130 branches in New Jersey, New York and Connecticut, and requires a $500 minimum deposit for anyone living in that tri-state area, but a $5,000 minimum deposit for everyone else.

And the third? A whopping 0.60% APY, offered by three banks:

Virtual Bank (, the online division of Lydian Private Bank, based in Palm Beach, Fla., requires a $10,000 minimum deposit.

Sanibel Captiva Community Bank (, which has three branches in southwest Florida and requires a $1,000 minimum deposit.

OneWest Bank (, which has 82 branches in southern California and requires a $1,000 minimum deposit.

The current average annual yield for 3-month CDs remains at 0.16% APY for the sixth week.

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 (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on October 11th at 08:28 am

    Goldwater’s 3-month CD rate a slipped to 0.90% APY. The other rates remain the same.

  2. Kathy at Bankaholic said:
    on October 19th at 08:04 am

    These rates are still available, except for Goldwater’s, which remains at the slightly lower 0.90%.