bank rates

National 36-Month CD Leader Now Pays 1.75%

E-Loan is still setting the pace for 36-month CD yields, with a Friday increase that reclaimed some lost ground for the term.

The move by Popular Community Bank’s online portal has boosted the top nationally available 3-year bank return on our CD Rates Leaderboard from 1.67% to 1.75% APY.

E-Loan has been the 36-month national bank leader for almost nine months now, except for three weeks in March.

It captured the lead in late July, with a dramatic upgrade of its entire rate sheet that included 36-month certificates of deposit paying 1.85% APY.

But in January, it began dropping its rates in a series of steps, sinking its 36-month yield to 1.60% APY by mid-March and briefly abandoning the lead to other banks on our Leaderboard at 1.66% APY.

E-Loan’s increase to 1.75% on Friday is certainly nothing to shout from the rooftops, as it still sits a tenth of a percentage point below what savers could earn before the Federal Reserve raised interest rates in December.

But at least it moves the lead in a positive direction that stands far above the post-recession low of 1.40% APY that we saw in November 2012.

Popular Community Bank operates almost 50 branches in New York, New Jersey and south Florida, and the CDs it offers through E-Loan require a $10,000 minimum deposit.

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