bank rates

Second Bank Boasts Top 3-Year CD Rate

There have been a couple of changes worth noting on the CD Rates Leaderboard> over the past couple of days.

EverBank raised the return on its 36-month certificates of deposit from 1.34% APY to 1.50% APY.

That ties the Jacksonville-based bank with a dozen branches across Florida with Synchrony Bank for the top nationally available return.

EverBank offered 1.70% APY on 36-month CDs for a few weeks in late December and early January. Let’s hope this is a step on the way back to that return.

There was only a very brief time over the past couple of years that a national deal paid more. Presidential Bank offered savers 1.75% APY for just five days at the end of September.

We’re sorry to say Nationwide Bank is moving the other way with its 5-year CD rates.

By lowering the return on its 60-month CDs from 2.25% APY to 2.15% APY (2.20% for balances over $100,000), the online bank owned by the big Columbus, Ohio-based insurer, falls out of a five-way tie for the leading national deal.

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