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Best 3-month CD rates for July 2025

Written by
Karen Bennett
Edited by
Marc Wojno, MBA
Reviewed by
Robert R. Johnson
Verified Badge IconExpert verified

Rates updated between July 13 and July 19

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A three-month certificate of deposit (CD) allows you to earn a fixed rate on your money in the short term. When considering a three-month CD, it can pay to compare the rate with those offered from high-yield savings accounts. Only commit money to a three-month CD that you won’t need before the term ends, or else an early withdrawal penalty could eat up your interest earnings.

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Table of contents

Bankrate’s picks for top 3-month CD rates

Note: Annual percentage yields (APYs) shown were updated between July 13 and July 19. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

Popular Direct_logo

Popular Direct

Rating: 4 stars out of 5
4.0 Bankrate CD score

  • Annual percentage yield

    4.40%

  • Min. deposit to open

    $10,000

Why Popular Direct?

You’ll find a competitive APY on Popular Direct’s three-month CD, as well as high rates on the other terms, which range from three months to five years in length. These CDs are for established savers, since they require a minimum deposit of $10,000.

Bask Bank_logo

Bask Bank

Rating: 4.5 stars out of 5
4.5 Bankrate CD score

  • Annual percentage yield

    4.25%

  • Min. deposit to open

    $1,000

Why Bask Bank?

Bask Bank’s three-month CD earns a top-notch rate. It requires $1,000 to open it. All of Bask’s CDs earn APYs that are competitive, although the bank doesn’t offer terms longer than two years. In addition to its CDs, Bask Bank also offers a high-yield savings account and a unique mileage savings account.

Texas Capital Bank_logo

Texas Capital Bank

Rating: 4.5 stars out of 5
4.5 Bankrate CD score

  • Annual percentage yield

    4.25%

  • Min. deposit to open

    $1,000

Why Texas Capital Bank?

Texas Capital Bank has a few CD terms with competitive APYs. These competitive yields are available for people in all 50 states. You can choose from six CD terms at Texas Capital, ranging from one month to two years. The minimum deposit to open a CD is $1,000. Texas Capital Bank also offers two savings accounts, although the one with a competitive APY is only available to applicants with a Texas residential address.

Banesco USA_logo

Banesco USA

Rating: 3.8 stars out of 5
3.8 Bankrate CD score

  • Annual percentage yield

    4.25%

  • Min. deposit to open

    $1,500

Why Banesco USA?

Banesco USA offers a competitive yield on its three-month CD. The bank has CDs with terms ranging from three months to three years, some of which also have competitive yields. Banesco requires a minimum opening deposit of at least $1,000 for its CDs and you can't deposit more than $250,000 into a CD at the bank. Banesco offers other accounts, such as savings accounts, money market accounts and checking accounts, but some of them can only be opened at one of Banesco's branches.

First National Bank of America_logo

First National Bank of America

Rating: 4.6 stars out of 5
4.6 Bankrate CD score

  • Annual percentage yield

    4.20%

  • Min. deposit to open

    $1,000

Why First National Bank of America?

First National Bank of America (FNBA) has nearly every CD term you could possibly need, with 14 terms ranging from three months to 10 years. The CDs generally offer a competitive yield, including on its longest-term CDs. You'll need at least $1,000 to open a CD at FNBA.

Bank5 Connect_logo

Bank5 Connect

Rating: 3.9 stars out of 5
3.9 Bankrate CD score

  • Annual percentage yield

    4.00%

  • Min. deposit to open

    $500

Why Bank5 Connect?

Bank 5 Connect’s eight CD terms range from three months to three years, and its three-month offering earns one of the most competitive APYs around. While most APYs on Bank5 CDs are competitive, the three-year CD has a notably lower rate.

WebBank_logo

WebBank

Rating: 2.4 stars out of 5
2.4 Bankrate CD score

  • Annual percentage yield

    4.00%

  • Min. deposit to open

    $2,500

Why WebBank?

WebBank offers competitive yields on its short-term CDs of one year or less, but low rates on its other terms, which go up to five years. But these CDs do have higher minimum deposit requirements than some other online banks: You'll need to have at least $2,500 to open a CD at WebBank.

EverBank_logo

EverBank

Rating: 4.1 stars out of 5
4.1 Bankrate CD score

  • Annual percentage yield

    3.90%

  • Min. deposit to open

    $1,000

Why EverBank?

EverBank currently offers 13 CD terms in total, one of the most comprehensive suites of CDs, and its three-month option has an APY higher than that of many other banks. For customers with deposits that exceed the FDIC insurance limit of $250,000, the bank offers a service that can expand insurance coverage by spreading the funds among a network of banks.

Quontic Bank_logo

Quontic Bank

Rating: 4 stars out of 5
4.0 Bankrate CD score

  • Annual percentage yield

    3.85%

  • Min. deposit to open

    $500

Why Quontic Bank?

Quontic Bank offers one of the highest rates available for a three-month CD, and its four additional CD terms earn rates above national averages but aren’t as competitive as offerings from other banks. All Quontic Bank CDs require a minimum opening deposit of $500.

Bread Savings_logo

Bread Savings

Rating: 3.8 stars out of 5
3.8 Bankrate CD score

  • Annual percentage yield

    3.80%

  • Min. deposit to open

    $1,500

Why Bread Savings?

The three-month CD from Bread Savings earns a competitive rate, and so do the bank’s eight other CD terms. Each CD requires a minimum opening deposit of $1,500 and you can find terms up to five years. True to its name, the bank is strictly for savings. It offers a savings account that also earns a high yield but doesn’t offer checking.

How to find the best 3-month CD rates

Check out the best three-month CDs offered by banks and credit unions and weigh the pros and cons of going with a short-term CD over an account that’s more liquid.

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When looking at three-month CDs, compare their rates with those offered from top high-yield savings accounts. You may be able to find a savings account that earns a higher yield, and this way you won’t need to lock in your funds for any amount of time — although savings accounts have variable APYs, which means banks can change them at any time.

Annual percentage yields (APYs) on CDs can vary greatly among banks, so it pays to shop around on a site such as Bankrate for a CD with the highest yield. Often, online-only banks and some credit unions pay considerably higher rates than large brick-and-mortar banks. Don’t forget to crunch the numbers and calculate how much interest you could earn by the end of your term.

When should you get a 3-month CD?

Whether a three-month CD is right for you depends on your own financial situation and goals. Due to its short term, a three-month CD could be a good investment for those who want the money freed up soon for planned purchases or to invest elsewhere.

With shorter maturity periods, generally investors can more readily adapt to changing market conditions, potentially reinvesting funds depending on how rates move. This flexibility allows short-term CDs to serve as a strategic component in your portfolio, providing liquidity as well as the flexibility to capitalize on potential future rate increases.
Bankrate logo Erika Kullberg, attorney, personal finance expert and founder of Erika.com

Alternatives to 3-month CDs

  • Savings accounts: You may be able to score a higher APY from a savings account than from a three-month CD, and an added benefit of a savings account is it doesn’t tie up your money for any period of time.
  • Money market accounts: Like savings accounts, money market accounts are liquid accounts, meaning you have access to your money at any time without an early withdrawal penalty. An added benefit of money market accounts is they sometimes come with a debit card and check-writing privileges, unlike CDs or standard savings accounts (although their minimum deposit requirements may be higher than those of other deposit accounts).
  • Bonds: Like CDs, bonds can offer a higher degree of security than stocks, with both often providing a fixed interest rate. As for liquidity, CDs usually carry an early withdrawal penalty, while bonds have maturity dates — although it’s possible to sell most bonds sooner on secondary markets.

3-month CD FAQs

Research methodology

Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies.

To find the best three-month CD rates, we regularly survey three-month CD offerings from the banks and credit unions that continually offer the most competitive rates.

The banks and credit unions on this page are selected based on their current APY for a three-month CD and minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about how we choose the best banking products and our methodology for reviewing banks.

Clock and dollar bills representing a Certificate of Deposit, with the title Best CD Rates