bank rates

Top 3-Year CD Rate At 2012 Level

plant shaped like a dollar sign growing in a pot.Despite two brief hikes earlier this year, 3-year CD rates on our CD Rates Leaderboard continue to top out at just 1.40% APY.

That’s where we saw them finish 2012.

And with the exception of one week in February and one week in March where the best deal spiked considerably, that’s where they’ve stayed all of 2013.

Leader NexBank (, which is a division of NexBank Capital Inc., has two branches in the Dallas area and requires a $10,000 minimum deposit.

Chart showing the best nationally available 36-month CD rates and the average rate for the term.

Barclays (, which is the online American operation of the big British bank, pays 1.35% APY and has no minimum balance requirement.

Three banks pay 1.31% APY:

The National Republic Bank of Chicago (, which has two branches in Chicago, requires a $1,000 minimum deposit.

Nationwide Bank (, which is an online bank owned by Nationwide Mutual Insurance Company and its affiliates, requires a $500 minimum deposit.

Virtual Bank (, which is the online division of Sabadell United Bank, based in Miami, requires a $10,000 minimum deposit.

CIT Bank (, the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies, pays 1.30% APY and requires a $1,000 minimum deposit.

The average annual yield that large banks and thrifts are offering for 36-month CDs is a record low 0.50% APY for the third week.

These 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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