bank rates

Top 3-Year CD Rates Back To 2.25%

But it's 2.25% APY, not the 2.60% APY it was offering at just one of its branches.

First Bank Richmond continues to top our rankings of the best nationally available 36-month CD rates.

You can’t get the special 2.60% rate that was only offered at its Shelbyville branch any more.

A couple of hours after we told you about that on Friday, First Bank restricted the deal to local customers.

But the Indiana bank is still allowing all savers to buy 3-year CDs for 2.25% APY. That’s the rate First Bank is offering at its nine other branches with a minimum deposit of $10,000 (or $1,000 for local customers).

It’s still beats the second-best rate of 2.17% APY from Melrose Credit Union in New York, with a $5,000 minimum deposit.

Certificates of deposit can be purchased from First Bank by calling 765-962-2581 and then mailing in all of the necessary paperwork such as copies of your driver’s license and Social Security card.

The next best nationally available return is 2.00% APY from:

Bank of Internet, an online bank based in San Diego, with a $1,000 minimum deposit.

Country Bank, which has 14 branches in central Massachusetts and requires a $500 minimum deposit.

Danversbank, which has 30 branches in the Boston area and requires a $500 minimum deposit.

Melrose is one of the few credit unions that qualify for our rankings because its unique charter allows anyone to join for only $1, regardless of where they live or work. (You will also be required to hold at least $25 in a savings account.)

See how these returns compare with CD rates from scores of other banks in our database.

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  1. CD Rates Expert said:
    on December 13th at 01:00 pm

    Buying a CD is a great way to secure ones future. These are all very good rates which make it even easier for first time investors to choose a CD.