bank rates

Rate Hikes Make 3-Year CDs Look Better

finger above a calculatorWe’re finally seeing movement among 36-month CD rates, although the lead rate has yet to budge.

Still, this is good news, considering it has been perhaps the most stagnant term we track for our CD Rates Leaderboard.

Two banks now offer the lead rate of 1.45% APY:

Intervest National Bank (, a community bank headquartered in New York City with one branch there and six branches in Clearwater and Pinellas counties in Florida, requires a $2,500 minimum deposit.

Sallie Mae Bank (, which is an online bank owned by the student lender, requires a $2,500 minimum deposit.

chart showing the top and average 36-month CD rates

A rate hike to 1.39% APY Friday boosted EverBank ( higher on our list. The primarily online bank with 14 branches in Florida requires a $1,500 minimum deposit.

VirtualBank (, the online division of Sabadell United Bank, which has 23 branches in Florida and is owned by Banco Sabadell, Spain’s fourth-largest bank, now pays the third-highest rate of 1.36% APY and requires a $10,000 minimum deposit.

Two banks pay 1.35% APY:

Barclays (, the online American operation of the worldwide British bank with more than $2 trillion in assets, pays the second highest rate of 1.35% APY and has no minimum balance requirement.

GE Capital Bank (, one of two online banks, each with its own FDIC insurance, that are subsidiaries of GE Capital Corp., the financial services unit of the manufacturing giant, requires a $500 minimum deposit.

We currently track nationally available rates from 23 banks, and now you can, too. Follow the daily changes to the best 36-month CD rates on our new list.

The average annual yield that large banks and thrifts are currently offering for 36-month CDs is 0.49%.

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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Comments (2)
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2 Existing Comments
  1. Shorebreak said:
    on May 25th at 07:46 am

    Realize that the latest annual inflation rate for the United States is 2.0% through the 12 months ended April 2014.

  2. Putzer said:
    on June 4th at 08:31 am

    Hi there, just wanted to say, I enjoyed this article. It was practical. Keep on posting!