bank rates

Little Bank Big Leader In 3-Year CD Rates

Quaint Oak Bank is paying 2.10% on its 36-month CDs Quaint Oak Bank was the “little bank that could” when it debuted on the CD Rates Leaderboard in April.

The suburban Philadelphia bank regained that status June 23, when it again vaulted to the top of the 36- and 60-month terms.

Quaint Oak is paying 2.10% APY with a $500 minimum deposit for 36-month CDs.

Here’s hoping Quaint Oak (, which has a single location, has enough steam to hold onto these rates for more than a week, which is about how long its top rates lasted in April.

Two banks continue to offer the next highest 36-month CD rates of 2.00% APY:

  • Danversbank (, which has more than 30 branches in the Boston area and requires a $500 minimum deposit.
  • NOVA Bank (, which has a dozen branches in the Philadelphia area and requires a $500 minimum deposit.

Other CD rates we’re tracking for this term’s rankings:

  • 1.90% APY at MetLife Bank (, the insurance giant’s online bank that requires a $25,000 minimum deposit.
  • 1.86% APY at Bank of Internet USA (, an online bank based in San Diego that requires a $1,000 minimum deposit.
  • 1.85% APY at The Jacksonville Bank (, which has five locations in northeast Florida and requires a $1,000 minimum deposit.

Large banks and thrifts are currently offering an average annual yield of just 0.98% APY for 36-month CDs.

These 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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