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3 Year CD Rates

Compare rates on 3 year CDs from banks and credit unions. Use the filter box below to customize your results. Also, try our Early Withdrawal Penalty Calculator to compare a 3-year CD rate to the effective APY of a CD with a longer term and higher rate that is broken at the 3-year mark.

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Deposit Amount | $1 $100,000
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Connexus Credit Union36 Month Certificate With Active Checking14 Reviews1.75%$10k-$1,339
DETAILS
USAlliance Credit Union35 Month CD Special1.71%$500-$1,270
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Melrose Credit Union3 Year Share Certificate15 Reviews1.66%$5k-$1,266
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America's Credit Union 36 Month Term Promotional Standard Share Certificate1.50%$10k-$1,142
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EverBank3 Year Yield Pledge CD13 Reviews1.46%$1,500-$1,111
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State Farm Bank36 Month CD16 Reviews1.45%--$1,106
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Sallie Mae Bank36-Month CD20 Reviews1.45%$2,500-$1,106
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Northern Bank & Trust Company36 Month CD1.40%$500-$1,068
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Colorado Federal Savings Bank3 Year CD2 Reviews1.40%$5k-$1,065
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Nationwide Bank36 Month CD9 Reviews1.37%--$1,045
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Virtual Bank3 Year eCD5 Reviews1.36%$10k-$1,034
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Barclays36 Month Online CD13 Reviews1.35%--$1,029
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Lake Michigan Credit Union36 Month VIP CD36 Reviews1.35%$500-$1,029
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Digital Credit UnionJumbo 36 - 47 Month Certificate - Relationship Rate8 Reviews1.35%$25k-$1,018
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CNB Bank Direct36 Month CD1 Review1.31%$1k$250k$998
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Andrews Federal Credit Union36 Month Share Certificate9 Reviews1.31%$1k-$998
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Synchrony Bank36 Month CD12 Reviews1.30%$25k-$990
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Triumph Savings Bank, SSB36 Month CD1.30%$1k-$990
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Patriot Bank36 Month CD4 Reviews1.30%$1k-$990
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Discover Bank3 Year CD30 Reviews1.30%$2,500-$988
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State Bank of India3 Year CD1.30%$5k-$988
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Alliant Credit Union36 - 47 Month Share CD13 Reviews1.30%$1k-$979
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Northrop Grumman Federal Credit Union36 Month Term CD 1.28%$2,500-$975
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Citizens State Bank (FL)36 Month CD3 Reviews1.25%$1k-$952
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AloStar Bank of Commerce36 Month CD3 Reviews1.25%$1k-$952
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Belvoir Federal Credit Union36 Month Share Certificate1 Review1.25%$1k-$952
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Affinity Credit UnionBusiness 36 Month Certificate5 Reviews1.25%$500-$952
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BankUnited36 Month CD Special6 Reviews1.25%$5k-$952
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Intervest National Bank3 Year CD3 Reviews1.25%$2,500-$949
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Webster Bank3 Year CD 9 Reviews1.25%$1k-$949
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Eli Lilly Credit Union34 Month CD (w/ new money)1.25%$1k-$898
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Doral Direct36 Month CD6 Reviews1.22%$500-$929
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TIAA Direct36 Month CD5 Reviews1.20%$1k-$913
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First Internet Bank of IN36 Month CD1 Review1.20%$1k-$913
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Geauga Savings Bank36 Month CD1 Review1.20%$1k-$913
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Communitywide Credit Union36 Month Share Certificate1.20%$2k-$913
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Hudson City Savings Bank3 Year CD13 Reviews1.20%$500-$911
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Displaying 1-40 of 135 Results



3 Year CD Rate Trend

3-Year CD Rates

3-Year CD rates are usually higher than 2-year CD rates, but lower than 4-year CD rates and are considered a mid- to long-term CD in terms of maturity period.

Certificates of deposit, or CDs, are time deposits bought by an individual in order to earn an established rate of return within a fixed time period. The FDIC and NCUA have guidelines in place for how the banks and credit unions they insure, respectively, can structure and sell CDs.

Balance Requirements

Most bank CDs have minimum initial deposit or minimum balance requirements – share certificates offered by credit unions usually have higher minimums than certificates offered by banks. Most CDs have no maximum limit set for the amount you are able to deposit. As an investment strategy, you may want to open a CD in order to hedge a position you may have in another area of the market.

Long-Term CD Inflation Risk

Investing in CDs over the long haul means a greater susceptibility to risk posed by inflation. Because inflation rates can fluctuate a lot during a 3 year time span, it is important to pay attention to economic trends when considering opening a CD for this long. For example, the inflation rate in 2009 was 2.7%, but in 2011 rose to 3.0%. If you opened a 3-year CD with a 2.8% interest rate in 2009 to beat inflation, you would be losing purchasing power in 2011, the final year of the life of the CD. To avoid losing purchasing power to inflation, some investors elect to terminate CDs early.

Closing a CD

Closing a CD early will usually result in penalties levied by the issuing financial institution, and could seriously eat into any interest earned (or in some cases the principal itself). Understanding how to calculate the cost benefit of closing out an underperforming CD is helpful to take advantage of prevailing interest rates. A CD calculator is available on DepositAccounts to help you do just that. An early withdrawal penalty is tax deductible, so if you are stuck with a lower interest rate (compared to the wider market), you may ultimately recoup a sizeable percentage of the penalty. Common examples of 3-Year CDs include a 36 Month Step Up Certificate and a 36 Month Relationship CD, which you will find in the rate table above.