Skip to Main Content

Best 3-month CD rates for June 2026

Written by
Karen Bennett
Edited by
Pippin Wilbers
Reviewed by
Robert R. Johnson
Verified Badge IconExpert verified

Rates updated between June 2 and June 8

At Bankrate we strive to help you make smarter financial decisions. Though our partners compensate us from links on this page, we maintain editorial integrity, and partners don't influence our product evaluations. Here's how we make money and here is our advertiser disclosure.

A three-month certificate of deposit (CD) allows you to earn a fixed rate on your money in the short term. This isn’t a common CD term, so not as many banks and credit unions offer it. If you’re not sure about tying up your money in a three-month CD, look into high-yield savings accounts instead. While rates on those accounts are variable, they’re unlikely to change by much in three months.

PERSONALIZE YOUR SEARCH

How Bankrate works

Woman looking for rates
01

Compare rates

See savings and CD rates from different banks and credit unions in one place, so you can quickly compare your options.

02

Choose an account

Check the rate, terms and requirements, then pick the account that helps your savings grow faster.

03

Continue to the bank

Click through to the bank or credit union to open your account and start earning interest.

How we pick our picks: Read our best 3-month CDs research methodology

Table of contents

Bankrate’s picks for top 3-month CD rates

Note: Annual percentage yields (APYs) shown were updated between June 2 and June 8. 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: 3.5 stars out of 5
3.5 Bankrate CD score

  • Annual percentage yield

    3.90%

  • Min. deposit to open

    $10,000

  • Term

    3 months

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. Popular Direct also offers a high-yield savings account with a great rate and a much lower minimum deposit.

Bask Bank_logo

Bask Bank

Rating: 3.4 stars out of 5
3.4 Bankrate CD score

  • Annual percentage yield

    3.85%

  • Min. deposit to open

    $1,000

  • Term

    3 months

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: 3.7 stars out of 5
3.7 Bankrate CD score

  • Annual percentage yield

    3.80%

  • Min. deposit to open

    $1,000

  • Term

    3 months

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.

Bread Savings_logo

Bread Savings

Rating: 4.1 stars out of 5
4.1 Bankrate CD score

  • Annual percentage yield

    3.80%

  • Min. deposit to open

    $1,500

  • Term

    3 months

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.

Quontic Bank_logo

Quontic Bank

Rating: 3.4 stars out of 5
3.4 Bankrate CD score

  • Annual percentage yield

    3.60%

  • Min. deposit to open

    $500

  • Term

    3 months

Why Quontic Bank?

Quontic Bank offers one of the highest rates available for a three-month CD, and its five 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. You can also earn a great rate with Quontic’s savings account (though not quite as high as with this three-month CD).

Banesco USA_logo

Banesco USA

Rating: 3.8 stars out of 5
3.8 Bankrate CD score

  • Annual percentage yield

    3.60%

  • Min. deposit to open

    $1,000

  • Term

    3 months

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 $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.

EverBank_logo

EverBank

Rating: 4.1 stars out of 5
4.1 Bankrate CD score

  • Annual percentage yield

    3.60%

  • Min. deposit to open

    $1,000

  • Term

    3 months

Why EverBank?

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 excellent APY. If you’ve got a lot of money to deposit, the bank offers a service that can expand insurance coverage beyond the usual $250,000. EverBank also has a savings and money market account that both earn high yields. Note that the money market account needs to be opened in one of EverBank’s branches, in Florida, California and New York.

First National Bank of America_logo

First National Bank of America

Rating: 4.3 stars out of 5
4.3 Bankrate CD score

  • Annual percentage yield

    3.60%

  • Min. deposit to open

    $1,000

  • Term

    3 months

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. You can also open a savings account online at FNBA, and earn a pretty strong rate there, too.

Colorado Federal Savings Bank_logo

Colorado Federal Savings Bank

Rating: 4.2 stars out of 5
4.2 Bankrate CD score

  • Annual percentage yield

    3.50%

  • Min. deposit to open

    $5,000

  • Term

    3 months

Why Colorado Federal Savings Bank?

The online-only Colorado Federal Savings Bank offers seven standard CD terms that earn high rates, although the $5,000 minimum deposit is steeper than what some banks require. The early withdrawal penalty for the three-month CD is one month’s worth of interest. The bank also offers competitive rates on its 11-month no-penalty CD and a high-yield savings account.

BTG Pactual Bank_logo

BTG Pactual Bank

Rating: 4.1 stars out of 5
4.1 Bankrate CD score

  • Annual percentage yield

    3.35%

  • Min. deposit to open

    $500

  • Term

    3 months

Why BTG Pactual Bank?

BTG Pactual (formerly M.Y. Safra Bank) offers nine terms of standard CDs, all of which earn competitive APYs and require a $500 minimum deposit. Also offered is a 13-month CD that allows for up to three penalty-free withdrawals. However, it requires a significantly higher minimum deposit of $5,000.

Bank5 Connect_logo

Bank5 Connect

Rating: 3.4 stars out of 5
3.4 Bankrate CD score

  • Annual percentage yield

    3.20%

  • Min. deposit to open

    $500

  • Term

    3 months

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. Most of the CDs at Bank5 have competitive rates. The savings account at Bank5 Connect earns a much lower yield than most of the CDs.

News about 3-month CD rates

Overall, top three-month CD rates have held steady so far in 2026, which is likely thanks to the Federal Reserve leaving its benchmark rate unchanged. When officials hike or cut the federal funds rate, banks tend to move their APYs in the same direction.

The majority of interest rate traders predict the Fed will leave rates unchanged throughout the rest of 2026, according to CME Group FedWatch.

Right now, competitive three-month CD rates are similar to those of top high-yield savings accounts. But banks can change savings account APYs at any time, while a three-month CD guarantees your rate for its entire term.

The shorter the CD term, the more it will compete with high-yield savings accounts as an alternative. The best time to consider a CD with a three-month (or shorter) term is when the expected interest earned will offer a better return than you'd receive in a savings account.
Bankrate logo Stephen Kates, CFP®, Bankrate financial analyst

How to find the best 3-month CD rates

To find the best annual percentage yields (APYs) on a three-month CD, shop around at credit unions and online-only banks first. They’re the ones that are likeliest to have the best yields. Don’t forget to crunch the numbers and calculate how much interest you could earn by the end of your term.

Alternatives to 3-month CDs

It's worth looking at other types of deposit accounts to see if you can get a higher rate. Since three months is a short term, variable rates (like savings and money market accounts have) are unlikely to drop much.

Savings accounts

You may be able to score a higher APY from a high-yield savings account than from a three-month CD, and it won't tie up your money.

Money market account

A money market account offers similar rates to an HYSA and may come with a debit card and check-writing privileges. 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. Bonds have maturity dates like CDs, although it’s possible to sell most bonds sooner on secondary markets.

How can you use a 3-month CD in a CD ladder?

A three-month CD could be used as the shortest rung in a CD ladder. A CD ladder strategy involves opening multiple CDs with staggered maturity dates: The long-term CDs can allow you to take advantage of guaranteed rates for a longer period of time, while the shorter-term CDs let you either access the money sooner or reinvest into a new CD if you can find higher interest rates.

Pros and cons of a 3-month CD

Three-month CDs have certain features you won’t find in a savings account or money market account. Here’s a look at some key advantages and disadvantages of three-month CDs:

Pros

  • Checkmark Icon

    Consistent APY for three months

  • Checkmark Icon

    Can be a rung in a CD ladder strategy

  • Checkmark Icon

    The money is safe when it’s with a federally insured bank or credit union

Cons

  • Penalty for withdrawing funds before the term ends

  • Risk of losing purchasing power due to inflation

  • Some liquid high-yield savings accounts have higher APYs

Next steps

Choose the best CD

Pick the best CD for you based on various important factors.

Caret Right Icon

Calculate your final balance

Determine up front how much your money will grow in a CD.

Caret Right Icon

Create a CD ladder

This strategy helps you get the best of various term lengths.

Caret Right Icon

Open a new CD

Getting started often takes just a few simple steps.

Caret Right Icon

Meet the Bankrate Experts

Karen Bennett
Written by
Karen Bennett Karen Bennett Arrow Right Icon
Consumer Banking Reporter
Read more from Karen
Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021.
Ribbon Icon
Expertise
  • Consumer banking
  • Savings accounts
Pippin Wilbers
Edited by
Pippin Wilbers
Editor 2
Robert R. Johnson
Reviewed by
Robert R. Johnson
Professor of finance, Creighton University

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