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. Click here to read more about features and tips related to 3-year CDs.

Why you can trust DepositAccounts
Location
Deposit Amount
Type
Institution
APY
Service Charge
Min. to Earn
Min. Deposit
Farmers Insurance Federal Credit Union
36 Month Variable Share Certificate
1.4 (14 Reviews)
5.75%
$1k
$1k
View
Farmers Insurance Federal Credit Union
36 Month Variable Share Certificate
View
1.4 (14 Reviews) NCUA Insured
APY 5.75%
Service Charge
Minimum to Earn $1k
Minimum Deposit $1k
DollarSavingsDirect
36 Month CD
3.3 (41 Reviews)
5.00%
$0
$1k
$1k
View
DollarSavingsDirect
36 Month CD
View
3.3 (41 Reviews) Member FDIC
APY 5.00%
Service Charge $0
Minimum to Earn $1k
Minimum Deposit $1k
Superior Choice Credit Union
36 Month Variable Share Certificate
2.3 (17 Reviews)
5.00%
$500
$500
View
Superior Choice Credit Union
36 Month Variable Share Certificate
View
2.3 (17 Reviews) NCUA Insured
APY 5.00%
Service Charge
Minimum to Earn $500
Minimum Deposit $500
Vibrant Credit Union
30 Month CD
2.4 (10 Reviews)
5.00%
$5
$5
View
Vibrant Credit Union
30 Month CD
View
2.4 (10 Reviews) NCUA Insured
APY 5.00%
Service Charge
Minimum to Earn $5
Minimum Deposit $5
Crescent Bank
30 Month CD
2.7 (5 Reviews)
4.85%
$0
$1k
$1k
View
Crescent Bank
30 Month CD
View
2.7 (5 Reviews) Member FDIC
APY 4.85%
Service Charge $0
Minimum to Earn $1k
Minimum Deposit $1k
Dow Credit Union
36 Month Simple CD
3.7 (4 Reviews)
4.81%
$500
$500
View
Dow Credit Union
36 Month Simple CD
View
3.7 (4 Reviews) NCUA Insured
APY 4.81%
Service Charge
Minimum to Earn $500
Minimum Deposit $500
Credit Human
24-35 Month CD
3.0 (29 Reviews)
4.75%
$500
$500
View
Credit Human
24-35 Month CD
View
3.0 (29 Reviews) NCUA Insured
APY 4.75%
Service Charge
Minimum to Earn $500
Minimum Deposit $500
Newtown Savings Bank
3 Year CD
0.0 (0 Reviews)
4.75%
$500
$500
View
Newtown Savings Bank
3 Year CD
View
0.0 (0 Reviews) Member FDIC
APY 4.75%
Service Charge
Minimum to Earn $500
Minimum Deposit $500
Luana Savings Bank
30 Month CD
4.0 (1 Review)
4.70%
$2k
$2k
View
Luana Savings Bank
30 Month CD
View
4.0 (1 Review) Member FDIC
APY 4.70%
Service Charge
Minimum to Earn $2k
Minimum Deposit $2k
M.Y. Safra Bank
36 Month MYSB Direct Online CD
4.3 (8 Reviews)
4.70%
$500
$500
View
M.Y. Safra Bank
36 Month MYSB Direct Online CD
View
4.3 (8 Reviews) Member FDIC
APY 4.70%
Service Charge
Minimum to Earn $500
Minimum Deposit $500
Seattle Bank
36 Month CD
2.1 (5 Reviews)
4.65%
$1k
$1k
View
Seattle Bank
36 Month CD
View
2.1 (5 Reviews) Member FDIC
APY 4.65%
Service Charge
Minimum to Earn $1k
Minimum Deposit $1k
BMO Alto
36 Month Online CD
3.1 (154 Reviews)
4.60%
$0
$0
$0
View
BMO Alto
36 Month Online CD
View
3.1 (154 Reviews) Member FDIC
APY 4.60%
Service Charge $0
Minimum to Earn $0
Minimum Deposit $0
First National Bank of America
36 Month Online CD
4.3 (59 Reviews)
4.60%
$0
$1k
$1k
View
First National Bank of America
36 Month Online CD
View
4.3 (59 Reviews) Member FDIC
APY 4.60%
Service Charge $0
Minimum to Earn $1k
Minimum Deposit $1k
The Federal Savings Bank
3 Year Promotional CD - New Money
3.3 (4 Reviews)
4.60%
$5k
$5k
View
The Federal Savings Bank
3 Year Promotional CD - New Money
View
3.3 (4 Reviews) Member FDIC
APY 4.60%
Service Charge
Minimum to Earn $5k
Minimum Deposit $5k
NexBank
36 Month CD
2.0 (5 Reviews)
4.55%
$0
$10k
$10k
View
NexBank
36 Month CD
View
2.0 (5 Reviews) Member FDIC
APY 4.55%
Service Charge $0
Minimum to Earn $10k
Minimum Deposit $10k
Next

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.

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

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.