bank rates

ISN Bank Claims Lead In 3-Month CD Rates

iGobanking’s run at the top of our rankings for 3-month CD rates is over.

The online division of Flushing Bank in New York had been paying 1.35% APY since early August.ISN Bank of New Jersey now tops our rankings of the best 3-month CD rates.

That was more than you could make on the best nationally available 6-month CDs, and the average 1-year, 2-year and even 3-year certificates of deposit.

So we weren’t surprised when iGObanking lowered its return to 0.50% APY today and ceded the lead in 3-month CD rates to ISN Bank.

ISN, with offices in Cherry Hill, Woodstown, and Somers Point, N.J., is paying 1.01% APY with a $10,000 minimum deposit.

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

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

0.90% APY with a $10,000 minimum deposit from VirtualBank, an online division of Lydian Private Bank in Palm Beach Gardens, Fla.

0.80% APY with a $2,500 minimum deposit from Woodlands Commercial Bank in Salt Lake City, Utah.

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

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

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Comments (1)
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One Existing Comment
  1. Sally said:
    on September 15th at 10:53 am

    These rates are really thrilling. Looks like a race to the bottom.