bank rates

Leading 3-Month CD Rates Still At 1.00%

For the past eight weeks the best 3-month CD rates have remained unchanged.

For the past eight weeks the best 3-month CD rates have remained unchanged.That might not sound like a big deal, but the best yields on four of the other five CDs we follow fell during that time.

So kudos to the two banks still offering the top nationally available return of 1.00% APY:

Earthstar Bank, which has four branches in the Philadelphia area and requires a $500 minimum deposit.

Hudson City Savings Bank which requires a $5,000 from online applicants, but only $500 for in-person purchases at any of its New York, New Jersey or Connecticut branches.

Even though the top rate is unbelievably low, it’s nearly four times the average return on 3-month certificates of deposit, which has fallen to 0.28%.

The next best rates are:

0.90% APY with a $50,000 minimum deposit from Goldwater Bank, which has a single location in Scottsdale, Ariz.

0.84% APY with a $10,000 minimum deposit from Golf Savings Bank, which has a single banking location in Mountlake Terrace, Wash.

Use our database of CD rates to compare these rates with the best deals from scores of other banks.

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3 Existing Comments
  1. RateRunner said:
    on June 21st at 11:14 am

    The CD Rate Leaderboard For June 21 has been updated and posted on our Personal Finance blog. It lists all of the banks offering the best deals for 3-month to 60-month CDs.

  2. CrankySaver said:
    on June 21st at 12:47 pm

    Americans are pouring money into Treasury bonds and bills We’re now the second largest largest holders of U.S. debt, right behind China. Click here to read more.

  3. CrankySaver said:
    on June 21st at 03:22 pm

    Argh. It looks like the new consumer protection agency is going to be run by the banking industry’s best friend — the Federal Reserve. Click here to read more.