bank rates

Top 36-Month CD Rates Now Pay 1.55%

AmTrust Direct offers the top nationally available deal with a $1,000 minimum deposit.The 36-month term is the latest casualty of falling CD rates.

Just last week, AmTrust Direct ( regained the lead spot on our CD Rates Leaderboard, but only because it hasn’t cut its rates recently.

It’s held the same rate since Oct. 3, which was only good enough for a tie for fourth place then.

The online division of Cleveland-based AmTrust Bank, a division of New York Community Bank, pays 1.55% APY with a $1,000 minimum deposit.

Yep, that’s as good as it gets right now.

Former leader Doral Bank Direct ( dropped its 36-month CD rate to 1.50% APY — its first rate cut since August.

The online bank of Doral Bank, the leading community bank in Puerto Rico, with eight U.S. branches in Florida and New York City, requires a $1,000 minimum deposit.

Next up:

CIT Bank (, the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies, pays 1.49% APY with a $1,000 deposit.

Tennessee Commerce Bank (, which has a single location in Franklin, Tenn., pays 1.48% APY and requires a $2,500 minimum deposit.

Broadway Federal Bank (, which has five branches in Los Angeles and Inglewood, Calif., offers 1.46% APY with a $500 minimum deposit.

Nationwide Bank (, an online bank owned by Nationwide Mutual Insurance Company and its affiliates, pays 1.45% APY and has no minimum deposit.

And two banks offer 1.41% APY:

USAA (, a diversified financial company based in San Antonio that requires a $1,000 minimum deposit.

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

Large banks and thrifts are currently offering an average annual yield of 0.68% APY for 36-month CDs.

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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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on February 5th at 12:23 pm

    CIT Bank has lowered its 36-month CD rate to 1.46% APY.

    After Tennessee Commerce Bank was closed and sold to Republic Bank and Trust on Jan. 27, depositors were notified that CD rates would be changing. This is the note currently on the bank’s website:

    “You will continue to receive your interest payments as you have in the past. Your rates on your Certificates of Deposit will change. As a deposit customer you will receive a letter from Republic Bank via U.S. Mail within 7 days of the transaction with an enclosure titled “Notice of Rate Changes to your Interest Bearing Deposits”. Please read the document carefully.”

  2. Kathy at Bankaholic said:
    on February 13th at 10:23 am

    Two more have dropped their 36-month rates: Nationwide, to 1.40% APY, and USAA to 1.36% APY.