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3 Month CD Rates

Compare rates on 3 month CDs from banks and credit unions. Use the filter box below to customize your results.

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Deposit Amount | $1 $100,000
Currently Including:
179
RESULTS

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Sponsored Note: No Minimum Deposit to Open. Consistently competitive rates. Member FDIC.
INOVA Federal Credit Union61 Day CD17 Reviews1.05%$200-$43.68
DETAILS
Digital Credit UnionJumbo 3 - 5 Month Certificate (Add-On) - Relationship Rate8 Reviews0.60%$25k-$27.88
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UmbrellaBank.com3 Month CD0.51%$10k-$31.73
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Security Bank (OK)90 Day CD0.45%$2k-$27.69
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Triumph Savings Bank, SSB3 Month CD0.42%$1k-$26.14
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Northwest Federal Credit Union3 Month Share Certificate9 Reviews0.42%$25k-$26.14
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EverBank3 Month Yield Pledge CD13 Reviews0.41%$1,500-$25.52
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Virtual Bank3 Month eCD5 Reviews0.40%$10k-$24.89
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Bogota Savings Bank91 Day CD0.40%$1k-$24.89
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BankDirect90 Day CD1 Review0.40%$10k-$24.62
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AloStar Bank of Commerce90 Day CD3 Reviews0.40%$1k-$24.62
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Goldwater Bank90 Day CD - AZ Only1 Review0.40%$5k-$24.62
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USAlliance Credit Union3 Month CD0.40%$500-$18.60
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Pacific Mercantile Bank120 Day Personal CD6 Reviews0.39%$1k-$32.01
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Garden Savings Federal Credit Union4 Month Share Certificate0.35%$500-$29.21
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Synchrony Bank3 Month CD12 Reviews0.35%$15k-$21.79
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Discover Bank3 Month CD30 Reviews0.35%$2,500-$21.79
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First Internet Bank of IN3 Month CD1 Review0.35%$1k-$21.79
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Patriot Bank3 Month CD4 Reviews0.35%$1k-$21.79
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Affinity Credit Union3 Month Certificate5 Reviews0.35%$500-$21.79
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Barclays3 Month Online CD13 Reviews0.35%--$21.79
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Lincoln Park Savings Bank91 Day CD0.35%$500-$21.79
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OneWest Bank N.A. (Pasadena, CA)3 Month Branch CD16 Reviews0.30%$1k-$18.68
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State Bank of India3 Month CD0.30%$5k-$18.68
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Haven Savings Bank3 Month CD0.30%$2,500-$18.68
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Harvest Community Bank3 Month CD0.30%$500-$18.68
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First Point FCU3 Month CD0.30%$500-$18.68
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BBCN Bank3 Month CD1 Review0.30%$1k-$18.68
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NJ Gateway Credit Union3 Month Share CD0.30%$10k-$18.68
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Justice Federal Credit Union3 Month Share Certificate w/ JNA Relationship4 Reviews0.30%$500-$18.68
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Lake Michigan Credit Union3 Month VIP CD36 Reviews0.30%$500-$18.68
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USAA Bank91 Day CD - Standard59 Reviews0.30%$1k$95k$18.68
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Sun National Bank30-91 Day Relationship CD1 Review0.30%$500$100k$13.96
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America's Credit Union 3-11 Month Standard Certificate Account0.30%$500$100k$13.96
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Freedom Bank (NJ)3-5 Month CD0.30%$500-$13.96
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Hudson City Savings Bank4 Month CD 13 Reviews0.25%$500-$20.87
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E-LOAN.com3 Month CD0.25%$10k-$15.57
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Grand Bank, N.A.3 Month CD0.25%$1k-$15.57
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Oritani Bank3 Month CD0.25%$1k-$15.57
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Displaying 1-40 of 179 Results



3 Month CD Rate Trend

3-Month CD Rates

Certificates of Deposit, or CDs (or time deposits) are financial instruments used by consumers to safely generate income and build savings. When you buy a CD, you are technically buying a “deposit” from the bank or credit union and committing a fixed amount of money for a fixed period of time to them. This is good for the bank or credit union because it gives them a fairly sturdy horizon (compared to more liquid deposits like checking or savings accounts) as to how long they can use your funds before returning the principal to you with interest. Because you are purchasing an asset that will be delivered at a later date, you need to make sure the FDIC or NCUA has insured the institution you are purchasing it from so that you are guaranteed your money back.

What are 3-Month CDs?

3 Month CDs are very short-term products and generally come with the lowest interest rates. Within the 3 month CD category on the rate table above, DepositAccounts also lists CDs with shorter terms such as 7 days. Usually, the shorter the CD’s time frame, the less it will pay in interest – however, financial institutions competing for customers will often break this trend in order to attract attention to the shorter term CD and open new accounts.

Banks and credit unions usually penalize certificate of deposit holders some percentage of interest earned for withdrawing money, or calling the CD, before its maturity date. Because of this penalty factor, consumers investing in CDs often use 3 Month CDs as the first rung on a “mini CD ladder,” which essentially increases the likelihood of those funds making it to maturity (and thus becoming available for use) without incurring a penalty.

What is a Mini CD Ladder?

The mini CD ladder is built by staggering CDs with shorter time horizons, so that every 3 months (or however long between CDs) you will have access to principal and be able to decide whether to reinvest it or use it for something else. For example, if you had $20,000 to invest, you could buy a 3 month CD for $4,000, a 6 month CD, for $4,000, a 1 Year CD for $4,000, an 18 Month CD for $4,000, and a 2 Year CD for $4,000. After the first 3 months, you would have a CD come to maturity and $4,000 available (plus accumulated interest) to rollover into another 2 Year CD. You could repeat the process until you have a 2 Year CD expiring every 3 months. This is a great way to achieve a good bit of liquidity, while earning more yield than you could on a savings account. You can use our certificate of deposit calculator to help you determine the costs and benefits of closing a CD early.