bank rates

Top 36-Month CD Rates Fall Below 3%

Intervest National Bank is now offering the best nationally available deal on 36-month certificates of deposit — 2.90% with a minimum deposit of $2,500.

The bank, which is based in New York City and has six branchs in the Clearwater, Fla., area, didn’t accomplish that by raising its rates.

It just stood pat while the two banks that had been offering Intervest National Bank, which has offices in New York City and Florida, has the top 36-month CD rate at 2.90% APY.better deals cut their rates. was the only bank paying more than 3% in our July survey of the best 36-month CD rates.

Boston-based First Trade Union briefly hit 3% earlier this month.

But both have pulled back well below 3%.

Frontier Bank with 38 locations in Washington and four in Oregon, is also offering 2.90% APY on a 3-year certificate of deposit.

The minimum deposit, however, is a hefty $25,000.

While Intervest and Frontier still beat the national average of 1.77% for 36-month CDs by more than a full percentage point, you’ll have to buy a top-paying 48-month CD to earn more than 3%.

(We’ve written about Intervest several times before and haven’t heard any complaints about its service. It’s also paying a respectable 2.50% APY on a 30-month CD and 3.15% on 48-month CDs, with the same $2,500 minimum deposit.)

You can use our extensive database of CD rates to compare these offers with the best deals from scores of other banks.

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Comments (1)
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One Existing Comment
  1. Tsunami Cid said:
    on August 12th at 10:15 pm

    In my opinion, the best CD to put your money into right now is the 4 year 3.25% at Discover Bank. Why? Well, I REFUSE to put my money into anything paying less than 3% YET I have hopeful confidence that in the next 4 years rates WILL go up. So…the shortest amount of time I can tie up my money for while still achieving an above 3% rate is….4 years. (sob). Plus the minimum balance is low – $2,500. In the meantime, put as much money as you can into reward checking accounts and DEBIT like it’s your job.