bank rates

iGObanking Claims Lead In 3-Month CDs

IGObanking is the new leader in 3-month CD rates after our decision to remove Fort Knox Federal Credit Union from our rankings.

This online division of Flushing Savings Bank in New York is paying 1.35% APY with a minimum deposit of $1,000. The online division of Flushing Savings Bank in New York is paying 1.35% APY with a minimum deposit of $1,000.

That’s only 0.05 percentage points (or five basis points) less than Fort Knox Federal is offering, so we feel pretty good about the switch.

There’s also no membership fee to reduce your earnings and lower the effective interest rate (which was the reason we dumped the Kentucky credit union.)

The other top, nationally available rates on 3-month certificates of deposit are:

1.00% APY from Hudson City Savings Bank. It requires a $5,000 from online applicants, but only $500 for in-person purchases at any of its New York, New Jersey or Connecticut branches.

0.90% APY with a $10,000 minimum deposit from Goldwater Bank, which has a single location in Scottsdale, Ariz.

0.80% APY with a $10,000 minimum deposit from Golf Savings Bank, which has a single branch in Mountlake Terrace, Wash.

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

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  1. Deal Maven said:
    on August 5th at 09:28 am

    Today Golf Savings Bank dropped the rate on its 3-month CD to 0.55% from 0.80%. This is Golf’s second rate cut in the past week.

    However, Virtual Bank, a division of Lydian Private Bank, based in Palm Beach, Fla., pays 0.80% APY on a 3-month certificate with a $10,000 minimum.