Top 3-Month CD Rates Hold At 1.25% APY

Fortune Bank, with a single branch in suburban St. Louis, held onto the top spot in our 3-month CD rankings for the second straight month.

It continues to pay 1.25% on this certificate of deposit with a $1,000 minimum deposit.

Only six months ago TotalBank was paying a top rate of 1.85% on 3-month CDs and other top-ranked banks were offering 1.5%.

But as disappointing as that may be, all of today’s top rates are three times better than the national average of 0.33% — which is practically like giving the bank your money for free.

Here are the other top nationally available rates:

1.14% APY with a $10,000 minimum deposit from Golf Savings Bank, with 38 branches in Washington, Montana, Idaho and Oregon.

1.11% APY with a $1,000 minimum deposit from Nexity Bank, an online bank based in Birmingham, Ala.

1.11% APY with a $10,000 minimum deposit from Excel National Bank, a single-location bank in Beverly Hills, Calif.

1.11% APY with a $10,000 minimum deposit from BankDirect, an online bank based in Dallas.

Click here to see how much you can earn with these rates using our certificate of deposit calculator.