Compare rates on 3 month CDs from banks and credit unions. Use the filter box below to customize your results.
179 RESULTS |
Results
| FEATURED | |||||||
 | Ally BankHigh Yield 3-Month CD | 0.30% | - | - | $18.68 | DETAILS ► | |
| Sponsored Note: No Minimum Deposit to Open. Consistently competitive rates. Member FDIC. | |||||||
 | Digital Credit UnionJumbo 3 - 5 Month Certificate (Add-On) - Relationship Rate8 Reviews | 0.60% | $25k | - | $27.88 | DETAILS ▼ | |
 | UmbrellaBank.com3 Month CD | 0.51% | $10k | - | $31.73 | DETAILS ▼ | |
 | EverBank3 Month Yield Pledge CD13 Reviews | 0.45% | $1,500 | - | $28.00 | DETAILS ▼ | |
 | Security Bank (OK)90 Day CD | 0.45% | $2k | - | $27.69 | DETAILS ▼ | |
 | AloStar Bank of Commerce90 Day CD3 Reviews | 0.45% | $1k | - | $27.69 | DETAILS ▼ | |
 | Northwest Federal Credit Union3 Month Share Certificate9 Reviews | 0.42% | $25k | - | $26.14 | DETAILS ▼ | |
 | Virtual Bank3 Month eCD5 Reviews | 0.40% | $10k | - | $24.89 | DETAILS ▼ | |
 | Bogota Savings Bank91 Day CD | 0.40% | $1k | - | $24.89 | DETAILS ▼ | |
 | Goldwater Bank90 Day CD - AZ Only1 Review | 0.40% | $5k | - | $24.62 | DETAILS ▼ | |
 | USAlliance Credit Union3 Month CD | 0.40% | $500 | - | $18.60 | DETAILS ▼ | |
 | Pacific Mercantile Bank120 Day Personal CD6 Reviews | 0.39% | $1k | - | $32.01 | DETAILS ▼ | |
 | Garden Savings Federal Credit Union4 Month Share Certificate | 0.35% | $500 | - | $29.21 | DETAILS ▼ | |
 | Synchrony Bank3 Month CD10 Reviews | 0.35% | $15k | - | $21.79 | DETAILS ▼ | |
 | Discover Bank3 Month CD27 Reviews | 0.35% | $2,500 | - | $21.79 | DETAILS ▼ | |
 | First Internet Bank of IN3 Month CD1 Review | 0.35% | $1k | - | $21.79 | DETAILS ▼ | |
 | Patriot Bank3 Month CD4 Reviews | 0.35% | $1k | - | $21.79 | DETAILS ▼ | |
 | Affinity Credit Union3 Month Certificate5 Reviews | 0.35% | $500 | - | $21.79 | DETAILS ▼ | |
 | Barclays3 Month Online CD13 Reviews | 0.35% | - | - | $21.79 | DETAILS ▼ | |
 | Lincoln Park Savings Bank91 Day CD | 0.35% | $500 | - | $21.79 | DETAILS ▼ | |
 | OneWest Bank N.A. (Pasadena, CA)3 Month Branch CD16 Reviews | 0.30% | $1k | - | $18.68 | DETAILS ▼ | |
 | State Bank of India3 Month CD | 0.30% | $5k | - | $18.68 | DETAILS ▼ | |
 | Haven Savings Bank3 Month CD | 0.30% | $2,500 | - | $18.68 | DETAILS ▼ | |
 | Harvest Community Bank3 Month CD | 0.30% | $500 | - | $18.68 | DETAILS ▼ | |
 | First Point FCU3 Month CD | 0.30% | $500 | - | $18.68 | DETAILS ▼ | |
 | BBCN Bank3 Month CD1 Review | 0.30% | $1k | - | $18.68 | DETAILS ▼ | |
 | NJ Gateway Credit Union3 Month Share CD | 0.30% | $10k | - | $18.68 | DETAILS ▼ | |
 | Justice Federal Credit Union3 Month Share Certificate w/ JNA Relationship4 Reviews | 0.30% | $500 | - | $18.68 | DETAILS ▼ | |
 | Lake Michigan Credit Union3 Month VIP CD35 Reviews | 0.30% | $500 | - | $18.68 | DETAILS ▼ | |
USAA Bank | USAA Bank91 Day CD - Standard54 Reviews | 0.30% | $1k | $95k | $18.68 | DETAILS ▼ | |
 | Sun National Bank30-91 Day Relationship CD1 Review | 0.30% | $500 | $100k | $13.96 | DETAILS ▼ | |
 | America's Credit Union 3-11 Month Standard Certificate Account | 0.30% | $500 | $100k | $13.96 | DETAILS ▼ | |
 | Freedom Bank (NJ)3-5 Month CD | 0.30% | $500 | - | $13.96 | DETAILS ▼ | |
 | Hudson City Savings Bank4 Month CD 11 Reviews | 0.25% | $500 | - | $20.87 | DETAILS ▼ | |
 | E-LOAN.com3 Month CD | 0.25% | $10k | - | $15.57 | DETAILS ▼ | |
 | Grand Bank, N.A.3 Month CD | 0.25% | $1k | - | $15.57 | DETAILS ▼ | |
 | Oritani Bank3 Month CD | 0.25% | $1k | - | $15.57 | DETAILS ▼ | |
 | Ponce De Leon Federal Bank3 Month CD | 0.25% | $500 | - | $15.57 | DETAILS ▼ | |
 | Nationwide Bank3 Month CD9 Reviews | 0.25% | $500 | - | $15.57 | DETAILS ▼ | |
 | Pen Air Credit Union3 Month CD2 Reviews | 0.25% | $1,500 | - | $15.57 | DETAILS ▼ | |
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.