bank rates

Top 3-Year CDs Slide A Bit

puzzle pieces in the skyThree terms lost ground in October, and 36-month CD rates were among the casualties.

The top nationally available 36-month CD rate on our CD Rates Leaderboard began November at 1.45% APY – five one-hundredths of a percentage point less than on Oct. 1.

New leader Intervest National Bank (, which has a single branch in New York City and six branches in Florida, requires a $2,500 minimum deposit.

chart showing the best 36-month cd rates versus average rates

Two banks pay the second-highest rate of 1.35% APY:

AloStar Bank of Commerce (, which is an online bank based in Birmingham, Ala., requires a $1,000 minimum deposit.

GE Capital Bank (, which is one of two online banks, each with its own FDIC insurance, that are subsidiaries of GE Capital Corp., the financial services unit of the manufacturing giant, requires a $500 minimum deposit.

The FDIC-insured Chicago branch of State Bank of India (, India’s largest bank, which operates independently of other U.S. branches, offers the third-best rate of 1.31% APY and requires a $2,500 minimum deposit.

Two banks pay 1.30% APY:

iGObanking (, which is the online division of Flushing Savings Bank, which has 17 locations in New York, requires a $1,000 minimum deposit.

Salem Five Direct (, the online division of Salem Five Bank, which has 23 branches just north of Boston, requires a $10,000 minimum deposit.

Nationwide Bank (, which is an online bank owned by Nationwide Mutual Insurance Company and its affiliates, pays 1.26% APY and requires a $500 minimum deposit.

The average annual yield that large banks and thrifts are offering for 36-month CDs remains 0.48%.

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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