bank rates

New Leader In 3-Year CDs Paying 1.7%

A substantial rate hike from iGObanking has significantly boosted the top nationally available return on 36-month CDs.

The online division of Flushing Bank, which has 17 locations in New York, raised its return three-tenths of a percentage point to 1.70% APY with a $1,000 minimum deposit.

That’s a notable improvement over the previous leading rate of 1.50% from Nationwide Bank, which wasn’t even good enough to beat the best 24-month return on our CD Rates Leaderboard.

There’s only been one very brief time this year that a national deal on 3-year certificates of deposit has paid more than this.

Presidential Bank offered savers 1.75% APY for just five days at the end of September.

We aren’t sure this deal will last that long because iGObanking has a track record of promoting great rates for a very short time.

Flushing’s online operation has already launched itself to the top of our 6-month CD rates twice this fall – once for just a single day – before reducing its yield.

So if earning 1.70% APY for a 36-month CD strikes your fancy, we’d suggest acting quickly.

To see all the best nationally available CD rates click here to search Bankrate’s extensive database.

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