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

Deposit Amount
$1 $100,000
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204 Results

Nationwide Only
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USALLIANCE Financial36 Month Cooperative Rewards CD Special32 Reviews
Salem Five36 Month CD Special7 Reviews
Salem Five Direct36 Month eCD Special18 Reviews
EverBank3 Year Yield Pledge CD26 Reviews
Grow Financial FCU30 - 35 Month Share Certificate13 Reviews
KS StateBank3 Year CD
M.Y. Safra Bank36 Months Online Promo CD (New Money)2 Reviews
iGObanking36 Month iGOCD23 Reviews
My e-BAnC by BAC Florida BankBAC Internet Time Deposit 36 Months13 Reviews
Popular Direct3 Year Popular Direct CD
RTN FCU37 Month CD Special
Communitywide FCU36 Months Share Certificate4 Reviews
Melrose Credit Union3 Year Share Certificate20 Reviews
Bethpage FCU39 Month "Bump Up" CD6 Reviews
CD Bank36 Month CD
Xceed Financial FCU36 Month Variable CD15 Reviews
GTE Financial36 Month Share Certificate13 Reviews
PenFed Credit Union3 Year Money Market Certificate71 Reviews
Home Savings Bank36 Month Internet Only CD
Elements Financial34 Month Rate Climber CD1 Review
Hope FCU36 Month Share Certificates5 Reviews
Northwest FCU3 Year Share Certificate16 Reviews

Displaying 1-40 of 204 Results

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.

The rates and promotions displayed are gathered from various financial institutions and may not reflect all of the products 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 feedback@depositaccounts.com to report inaccurate data or to request rates or promotions be included in this chart. We are not affiliated with the financial institutions listed here.

* The APY 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.