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Best 3-month CD rates for February 2024

Best available rates across different account types for Tuesday, February 27, 2024

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Current savings trends
Bankrate Partner average
4.62% APY
National average
0.59% APY

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Bankrate’s picks for the top 3-month CD rates

Note: Annual percentage yields (APYs) shown are as of Feb. 27, 2024. 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.

America First Credit Union

America First Credit Union_logo
Rating: 5 stars out of 5
5.0

Overview

America First Credit Union was founded in 1939 in Salt Lake City. It has CDs with terms ranging from three months to five years. The minimum opening deposit for CDs is $500.

It also offers a variety of checking and savings accounts.
Invest Rate
5.50% APY
Loan
$500 minimum deposit

Popular Direct

Popular Direct_logo
Rating: 4 stars out of 5
4.0

Overview

Popular Direct CDs are for established savers, since the CDs have a $10,000 minimum deposit requirement. The CDs have eight fixed terms, from three months to five years. Popular Direct’s High-Rise savings account offers a competitive yield and requires a $5,000 minimum deposit.

All Popular Direct deposit accounts are opened through Popular Bank.
Invest Rate
5.00% APY
Loan
$10,000 minimum deposit

Zions Bank

Zions Bank_logo
Rating: 4.7 stars out of 5
4.7

Overview

Zions Bank offers 10 terms of CDs, IRA CDs, an IRA money market, multiple checking accounts, savings accounts, a money market account and other products.

Zions Bank is headquartered in Salt Lake City, and APYs are only available in Idaho and Utah.
Invest Rate
4.59% APY
Loan
$1,000 minimum deposit

Wells Fargo

Wells Fargo_logo
Rating: 3.1 stars out of 5
3.1

Overview

Wells Fargo has some competitive CD APYs. One of them is its three-month CD, which requires at least a $2,500 minimum opening deposit. Its yield is many times higher than Wells Fargo's Way2Save Savings account yield. But that savings account only requires $25 to open it.
Invest Rate
4.50% APY
Loan
$2,500 minimum deposit

First Internet Bank of Indiana

First Internet Bank of Indiana_logo
Rating: 4.6 stars out of 5
4.6

Overview

First Internet Bank of Indiana was the first FDIC-insured financial institution to operate entirely online, according to the bank’s website. It opened in February 1999 and serves all 50 states.

First Internet Bank offers eight terms of CDs, a money market savings account with a competitive yield, a savings account and two checking accounts.
Invest Rate
4.19% APY
Loan
$1,000 minimum deposit

Bank of America

Bank of America_logo
Rating: 4.5 stars out of 5
4.5

Overview

Bank of America offers a wide range of CDs with terms from 28 days to 10 years, all of which require a $1,000 minimum deposit. While some of the CD terms currently earn competitive rates, most only earn minimal yields.

Other deposit accounts Bank of America offers include its Advantage Savings, which earns a minimal APY that’s below the national average. Checking account options include a noninterest-bearing account as well as one that earns interest. Bank of America doesn’t offer a money market account.
Invest Rate
4.00% APY
Loan
$1,000 minimum deposit

SchoolsFirst Federal Credit Union

SchoolsFirst Federal Credit Union_logo
Rating: 4.5 stars out of 5
4.5

Overview

SchoolsFirst Federal Credit Union was formed by school employees in 1934, during the Great Depression. Today, it has 50 branches.

SchoolsFirst Federal Credit Union has CD terms ranging from 30 days to five years. CDs at this credit union have four balance tiers: $500, $20,000, $50,000 and $100,000.
Invest Rate
3.95% APY
Loan
$500 minimum deposit

EverBank (formerly TIAA Bank)

EverBank (formerly TIAA Bank)_logo
Rating: 4.6 stars out of 5
4.6