Best 3-year CD rates start at over 2%

Clear piggy bank with coins

The best nationally available 3-year CDs have had a rough start to the year.

The two banks that were paying 1.70% APY on nationally available 36-month CDs — EverBank and iGOBanking — both cut their rates this month.

Now the best you'll earn on a nation deal is 1.50% APY (more on this later).

Fortunately, there are a slew of community banks and credit unions offering very attractive returns on this term.

In fact, you're more likely to find a local deal on 3-year CDs than most other terms.

Although those rates are only available to savers who live or work in a limited area or specific industry, they're more generous than the best nationally available deals.

For example, customers at Crescent Bank in Louisiana and at Gulf Coast Federal Credit Union in Texas can earn up to 2.02% APY.

In many cases, those accounts must be opened in person, but the rates are well worth the trip.

Here are some examples of the best local deals currently being offered.

TOP 3-YEAR CD RATES: Local Deals

Bank/Credit Union (APY) State Contact
Crescent Bank 2.02% Louisiana www.cbtno.com
Gulf Coast Federal Credit Union 2.02% Texas www.ccgcfcu.com
First Utah Bank 2.00% Utah www.firstutahbank.com
Lower Valley Credit Union 1.81% Washington State www.lvcu.org
NavyArmy Community Credit Union 1.75% Texas www.navyarmyccu.com
Massena Savings & Loan 1.73% New York www.massenasavingsloan.com
LOMTO Federal Credit Union 1.65% New York www.lomto.org
TEXAR Federal Credit Union 1.65% Texas www.gotexar.com
Transit Employees Federal Credit Union 1.60% Washington www.tecfu.org
Advancial Federal Credit Union 1.57% Alaska, Louisiana, New Jersey, Oklahoma, Texas www.advancial.org
Department of Commerce Federal Credit Union 1.55% Washington, D.C. www.docfcu.org
Industrial Credit Union 1.55% Massachusetts www.industrialcu.org
Texas Workforce Credit Union 1.51% Texas www.texasworkforcecu.org

If you don't see anything near you, then the best nationally available return of 1.50% APY is available from Nationwide Bank with a $1,000 minimum.

TOP 3-YEAR CD RATES: Nationally Available Bank Deals

Bank APY Minimum Deposit
Nationwide Bank 1.50% $500
GE Capital 1.45% $500
Sallie Mae 1.45% $2,500
BankDirect 1.45% $10,000
Barclays 1.45% No minimum
CIT Bank 1.45% $25,000
First Internet Bank of Indiana 1.45% $1,000
Discover Bank 1.45% $2,500

To qualify for this list, a bank must be FDIC-insured and allow savers from all 50 states to buy its certificates of deposit online, by phone or through the mail.

Our CD calculator will help you figure out the interest you'll earn, for any term, amount and interest rate.

TOP 3-YEAR CD RATES: About The Banks

Bank Description URL
Nationwide Bank An online bank owned by the well-known Ohio-based insurance company. www.nationwide.com
GE Capital Bank 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. www.gecapitalbank.com
Sallie Mae Bank An online bank owned by the student lender. www.salliemae.com
BankDirect The online division of Texas Capital Bank, which has 12 locations in Texas. www.bankdirect.com
Barclays The online American operation of the worldwide British bank with more than $2 trillion in assets. www.banking.barclaysus.com
CIT Bank The online consumer bank of CIT Group Inc., which offers financing to small and midsize companies. www.bankoncit.com
First Internet Bank of Indiana An online bank located in Indianapolis. www.firstib.com
Discover Bank An online bank owned by the credit card company. www.discover.com

All of these rates are at least two to three times the current average for 36-month CDs, which is 0.53% APY, according to our most recent survey of major banks and thrifts.

Want to compare this with the best returns for 3-month to 5-year CDs?

Search Bankrate's database of the best national CD rates from dozens of banks.

Contributing editor Darci Swisher contributed to this report.