bank rates

Leading 3-Year CD Rates Cling To 2.50%

Danversbank continues to offer the best 36-month CD rates with an unbeatable return of 2.50% APY and an affordable minimum deposit of $500.

The next best banks are paying between 2.3% and 2.1% APY,Danversbank continues to offer the best 36-month CD rates with an unbeatable return of 2.50% APY and an affordable minimum deposit of $500. which means you’d earn about $8 less over the full three years on every $1,000 you invested.

You’d still be making almost twice the national average return on 3-year CDs, which has fallen to a record low of 1.16% APY this month.

It’s just not quite as much as you can pocket at Danversbank.

The Boston-area bank’s closest competitors for the best nationally available 36-month CD rates are:

2.27% APY with a minimum deposit of $5,000 from Melrose Credit Union, which is located in Queens, N.Y. Its open charter allows any U.S. resident to join for $1, no matter where they live or work. But it does require new members to open a $25 savings account.

2.20% APY with a minimum deposit of $500 from Acacia Federal Saving Bank, an online subsidiary of the Acacia Life Insurance Co., based in Falls Church, Va.

2.20% APY with a minimum deposit of $5,000 from Heritage Bank, which has branches in Phoenix and Tempe, Ariz.

2.15% APY with a minimum deposit of $500 from NOVA Bank, which has five branches in Philadelphia and seven in surrounding counties.

2.15% APY with no minimum deposit required from Sallie Mae Bank, the online bank owned by the big student loan provider.

2.15% APY with a minimum deposit of $500 from Nationwide Bank, the online bank owned by Nationwide Mutual Insurance Co.

2.15% APY with no minimum deposit required from American Express, the online bank owned by the credit card company.

All of these banks allow customers to buy certificates of deposit online. And all of them accept applications from savers in all 50 states.

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

Our certificate of deposit calculator will also let you see exactly what you’ll make with any deposit, at any rate, for any term.

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