bank rates

Top 36-Month CD Rates Back Below 3.00%

The best 36-month CD rates have fallen below 3% again and there’s no reason to think they’ll bounce back this time.

The best 36-month CD rates have fallen below 3% again and there is no reason to think they'll bounce back.

Our new rankings of the top-paying, nationally available 3-year certificates of deposit is lead by Atlantic Coast Bank, which has 11 branches in Southeast Georgia and Northeast Florida, and is paying 2.85% APY with a $1,000 minimum deposit.

The other best deals on 36-month CDs are:

2.80% APY with a minimum deposit of $5,000 from Hudson City Savings Bank. If you live in New York, New Jersey or Connecticut, the bank’s local service area, your minimum is $500.

2.75% APY with a $5,000 minimum deposit from National Bank of Kansas City, which has six locations in Missouri and Kansas.

2.75% APY with a $1,000 minimum deposit from Alliance Bank, which has 23 branches in central New York.

See exactly how much you can make at these rates with our new certificate of deposit calculator.

The top rates on 36-month CDs tumbled below 3% in July and August.

But throughout the fall and early winter at least one bank sought to attract deposits by offering a 3% return.

Goldwater Bank, which has a single office in Scottsdale, Ariz., was the last. It led our rankings until reducing its rate from 3.03% APY to 1.85% APY.

With the average return on 36-month CDs slumping from 1.70% APY to 1.53% APY over the past six months, and the Federal Reserve repeatedly saying it will continue to hold interest rates at record lows for the foreseeable future, another rebound is unlikely.

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