bank rates

Holding The Line On Top 3-Year CD Rates

Danversbank, with more than 30 branches in the Boston area, continues to offer 2.50% APY with a very affordable $500 minimum deposit.
August was a brutal month for CD rates.

When the month began all of the top five returns on 36-month certificates of deposit paid at least 2.40% APY.

Now only one does.

Danversbank, with more than 30 branches in the Boston area, continues to offer 2.50% APY with a very affordable $500 minimum deposit.

But no one else is even close after Kaiser Federal Bank cut its return from 2.40% APY to 2.15% APY just before Labor Day.

The next best nationally available 3-year CD rates are:

2.30% APY with a minimum deposit of $3,000 from NewDominion Bank, which has branches in Charlotte and Mooresville, N.C.

2.30% APY with no minimum deposit required from Sallie Mae Bank, an online bank owned by the big student lender.

2.27% APY with a minimum deposit of $5,000 from Melrose Credit Union in Queens, N.Y. Its open charter allows any U.S. resident to join for $1, no matter where they live or work.

2.25% APY with a minimum deposit of $1,000 from Acacia Federal Savings Bank, an online bank owned by the Acacia Life Insurance Company, of Falls Church, Va.

2.25% APY with a minimum deposit of $500 from NOVA Bank, which has five branches in Philadelphia and seven in surrounding counties.

2.25% APY with a minimum deposit of $1,000 from USAA, a diversified financial company based in San Antonio.

All of these banks allow customers to buy CDs online, regardless of where they live.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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