bank rates

Top 3-Month CD Rates Stuck In Neutral

Goldwater Bank continues to offer the best 3-month CD rates.We’ve got good news and bad news when it comes to 3-month CD rates.

The good news: The top rates haven’t changed in the last six weeks.

The bad news: The top rates haven’t changed in the last six weeks.

The 3-month leader on our CD Rates Leaderboard continues to be Goldwater Bank (www.goldwaterbank.com) and its 0.80% APY.

Sad, we know. But it’s loads better than the current average annual yield for 3-month CDs, which remains at 0.15% APY.

Goldwater Bank has a single location in Scottsdale, Ariz., and requires a $5,000 minimum deposit.

Hudson City Savings Bank (www.hcsbonline.com), still has the second highest rate of 0.75% APY. It has 130 branches in New Jersey, New York and Connecticut, and requires a $500 minimum deposit for anyone living in that tri-state area, but a $5,000 minimum deposit for everyone else.

Two banks are offering 0.60% APY:

Virtual Bank (www.virtualbank.com), the online division of Lydian Private Bank, based in Palm Beach, Fla., which requires a $10,000 minimum deposit.

Sanibel Captiva Community Bank (www.sancapbank.com), which has three branches in southwest Florida and requires a $1,000 minimum deposit.

Next up is Country Bank (www.countrybank.com) with 0.50% APY. It has 14 branches in central Massachusetts and requires a $500 minimum deposit.

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. Kathy at Bankaholic said:
    on December 28th at 08:45 am

    These rates are all still available.

  2. Kathy at Bankaholic said:
    on January 9th at 09:29 am

    Hudson City has dropped its 3-month rate to 0.60% APY. The other rates are all still available.