3 Month CD Rates

Compare rates on 3 month CDs from banks and credit unions. Use the filter box below to customize your results. Click here to read more about features and tips related to 3-month CDs.
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Advancial3 Month Junior Jumbo Certificate9 Reviews
Bethpage FCU3 Month Certificate9 Reviews
BrioDirectHigh-Rate 3 Month CD24 Reviews
Luther Burbank Savings30-60-90 Day CD Special - New Money5 Reviews
Popular Direct3 Month Popular Direct CD90 Reviews
Hanscom FCU3 Month EasyStart CD6 Reviews
NexBank3 Month CD1 Review
M.Y. Safra Bank3 Month MYSB Direct Online CD6 Reviews
Digital FCU (DCU)3 - 5 Month Jumbo CD (w/ Add-on)40 Reviews
TIAA Bank3 Month Yield Pledge CD22 Reviews
MTC FCU3 Month Share Plus CD
Technology Credit Union3 - 5 Month Flextime CD9 Reviews
American Heritage FCU4 Month Share Certificate3 Reviews

Displaying 1-40 of 134 Results

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.

3-Month CD Rate History – Average APY (%) Rate Trend over Time

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.

* The APY (Annual Percentage Yield) shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.