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Best 3-year CD rates for June 2024

Best available rates across different account types for Thursday, June 13, 2024

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Current savings trends
Bankrate Partner average
4.87% APY
National average
0.58% APY

Bankrate's picks for the top 3-year CD rates

Note: Annual percentage yields (APYs) shown were updated between June 6, 2024 and June 12, 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.

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 is an FDIC-insured financial institution that operates online and has no branches. It opened in 1999 and offers products in 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
4.61% APY
Loan
$1,000 minimum deposit

Popular Direct

Popular Direct_logo
Rating: 4 stars out of 5
4.0

Overview

Popular Direct CDs require a minimum $10,000 deposit, making them best suited to established savers. The CDs come in terms ranging from 30 days to six years.

Popular Direct’s High-Rise savings account offers a competitive yield and requires a $5,000 minimum deposit.
Invest Rate
4.50% APY
Loan
$10,000 minimum deposit

Quontic Bank

Quontic Bank_logo
Rating: 3.8 stars out of 5
3.8

Overview

Quontic Bank was established in 2005 and is based in New York. It offers five terms of CDs, ranging from six months to five years, which can be opened with as little as $500.

In addition to its CDs, Quontic Bank also offers money market, high-yield savings and checking accounts.
Invest Rate
4.40% APY
Loan
$500 minimum deposit

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
4.35% APY
Loan
$500 minimum deposit

LendingClub Bank

LendingClub Bank_logo
Rating: 4.3 stars out of 5
4.3

Overview

LendingClub is an online bank that offers six terms of CDs ranging from six months to five years. A $2,500 minimum deposit is required.

In addition to CDs, LendingClub offers a high-yield savings account and a rewards checking account.
Invest Rate
4.30% APY
Loan
$2,500 minimum deposit

TAB Bank

TAB Bank_logo
Rating: 4.6 stars out of 5
4.6

Overview

TAB Bank was established in 1998 in Ogden, Utah, as a banking service inside truck stops. TAB (Transportation Alliance Bank) serves businesses and individual customers.

It offers several checking accounts, a couple of savings account options, a money market account and CDs in eight terms, from six months to five years.
Invest Rate
4.25% 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 serves the education community in California. Certain school employees, certain retired school employees and immediate family members of SchoolsFirst Federal Credit Union members are eligible to join.

SchoolsFirst offers CDs ranging from 30 days to five years. To open a CD, a $500 minimum deposit is required. If you put in more money you may be rewarded with a higher APY, as SchoolsFirst has four rate tiers: $500, $20,000, $50,000 and $100,000.
Invest Rate
4.20% APY
Loan
$500 minimum deposit

Synchrony Bank

Synchrony Bank_logo
Rating: 4.9 stars out of 5
4.9

Overview

Synchrony Bank offers competitive CD yields across 14 terms, including 10 terms that are less than two years. An 11-month no-penalty CD and a two-year bump-up CD are also available.

The bank also offers a savings account and a money market account. The savings account features a competitive APY and has no minimum balance requirement.
Invest Rate
4.15% APY
Loan
$0 minimum deposit

Marcus by Goldman Sachs

Marcus by Goldman Sachs_logo
Rating: 4.9 stars out of 5
4.9

Overview

Marcus by Goldman Sachs is an online bank known for offering CDs and a savings account. It also used to be known for its personal loans, but it no longer offers those. Not many banks can match the number of CDs that Marcus offers. It has nine terms of regular CDs — ranging from six months to six years — three no-penalty CDs and a rate bump CD. All of these CDs have a $500 minimum deposit requirement.
Invest Rate
4.15% APY
Loan
$500 minimum deposit

Alliant Credit Union

Alliant Credit Union_logo
Rating: 4.7 stars out of 5
4.7

Overview

Alliant Credit Union was founded in 1935 as the United Airlines Employees’ Credit Union. It is one of the largest credit unions in Illinois and has 600,000 members nationwide.

Alliant offers six terms of CDs with competitive APYs and a reasonable minimum deposit requirement. It also offers IRA CDs, a high-yield savings account and a high-yield checking account.
Invest Rate
4.15% APY
Loan
$1,000 minimum deposit

What is a 3-year CD?

A three-year CD is a deposit account in which you agree to keep the money in the account for three years. Yields on three-year CDs are often higher than money market account and savings account yields.

Bankrate’s CD calculator can help you determine how much interest you could earn when your CD matures. Your principal is protected, so you won’t have to worry about fluctuations in value like you might when investing in the stock market. Plus, with a CD, your interest rate is locked in, so you also don’t have to worry about your yield decreasing.

How to find the best 3-year CD rates

Include online banks, credit unions and other banks in your search to find the best three-year CD rates. Many savers tend to stick with the same bank that provides their checking account. But that can be a mistake, especially at large national banks, where deposit rates tend to fall well short of what some smaller institutions offer.

Opening a three-year CD might make sense for people who don’t need access to their money for at least three years. As a result, these accounts are ideal for midterm goals, like setting aside money for a car down payment. Getting a three-year CD could also be a good idea if you’re planning to build a CD ladder.

Search for the best three-year CD rates online and compare your options. If you’re looking for a higher yield, consider some of the lesser-known institutions willing to offer good interest rates to attract depositors.

3-year CD FAQs

Research methodology

At Bankrate, we strive to help you make smarter financial decisions. We follow strict guidelines to ensure that our editorial content is unbiased and not influenced by advertisers. Our editorial team receives no direct compensation from advertisers and our content is thoroughly fact-checked to ensure accuracy.

Bankrate regularly surveys around 70 widely available financial institutions, made up of the biggest banks and credit unions, as well as a number of popular online banks.

To find the best CDs, our editorial team analyzes various factors, such as: APY, the minimum deposit needed to earn that APY (or to open the CD) and whether it is broadly available. All of the accounts on this page are insured by the Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA).

When selecting the best CD for you, consider the purpose of the money and when you’ll need access to these funds to help you avoid early withdrawal penalties.