After climbing from historic lows in 2018, CD rates have plateaued through much of 2019.
Local deals from credit unions and community banks are still the best way to earn top dollar on your CD investments, up to 2.33% APY right now on 36-month certificates.
The Best Rates on 3-Year CDs
For November, India’s Bank of Baroda offers the highest APY at 2.50%. The highest rate on our list from a domestic bank comes from Sallie Mae and TAB Bank, tied at 2.35%.
Top 3-Year CD Rates From Nationally Available Banks
|State Bank of India-Chicago||2.17%||$2,500|
|Bank of Baroda||2.25%||$1,000|
|First Internet Bank of Indiana||2.22%||$1,000|
|Capital One||1.65%||No minimum|
|Sallie Mae Bank||2.35%||$2,500|
Earning more with local deals
Fortunately, many savers can do better with a credit union or community bank, most of which are also paying above 2% on certificates of deposit in the 3-year range.
Tweaking your term by a few months can boost your list of options, resulting in more than a dozen deals below. You’ll even find a couple offers that are available nationwide.
As always, eligibility requirements apply. So contact the bank or credit union directly to determine if you qualify.
Top Regional 3-Year CDs From Credit Unions & Community Banks
|Bank||States||Term (in months)||APY|
|Self Reliance New York Federal Credit Union||New York||36||2.74%|
|Institution for Savings||Massachusetts||36||1.50%|
|1st Gateway Credit Union||Illinois, Iowa||40||3.00%|
|Advancial Federal Credit Union||Texas, Oklahoma, Louisiana, New Jersey, Alaska||36||2.31%|
|Community Financial Services Bank||Kentucky, Illinois, Indiana, Tennessee, Missouri||25||2.59%|
|Linn Area Credit Union||Iowa||36||1.50%|
|NavyArmy Community Credit Union||Texas||36||2.60%|
|RTN Federal Credit Union||Nationwide||35||2.30%|
|Inspire Federal Credit Union||Pennsylvania||36||2.27%|
|USAlliance Federal Credit Union||Nationwide||24||1.95%|
|MidFirst Direct||11 states||36||1.50%|
|Asian Bank||Pennsylvania, New York, New Jersey, Delaware||36||1.85%|