bank rates

Top 3-Month CD Rates Tumble to 1.14%

Fortune Bank offered the best 3-month CD rates for three straight months.

Fortune Bank offered the best 3-month CD rates for three straight months.

But in late March the small bank, which has a single branch in suburban St. Louis, slashed its rate and restricted new purchases to Missouri residents.

That pushes Golf Savings Bank to the top our rankings of nationally available offers.

It’s paying 1.14% APY on 3-month certificates of deposit. Although that’s still three times the national average, it’s certainly less than the 1.25% APY savers had been earning at Fortune.

Golf Savings, which has a single branch in Mountlake Terrace, Wash., also requires a hefty minimum deposit of $10,000.

The other top rates are:

1.09% APY with a $1,000 minimum deposit from Nexity Bank, an online bank based in Birmingham, Ala.

1.05% APY with a $10,000 minimum deposit from Excel National Bank, which has a single location in Beverly Hills, Calif.

Compare these returns with the best CD rates from scores of other banks in our extensive database.

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