BEST OF

8 Best 3-Month CD Rates July 2021

Spencer TierneyJul 1, 2021
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Three-month CD rates aren't too common, but of those available, online banks tend to have the best. These CDs can be helpful in some savings strategies, such as CD ladders.

Why trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.

» Want to see a wider pool of high rates? See our list of the best high-interest accounts

Summary of Best 3-Month CD Rates July 2021

TIAA Bank Basic CD

3.5

NerdWallet rating 
TIAA Bank Basic CD

Minimum Balance

$1,000

Member FDIC

APY

0.35%

With $1,000 minimum balance


Why we like it

TIAA Bank has a somewhat low minimum and its three-month rate is one of the best.

Read Full Review

Consumers Credit Union CD

4.0

NerdWallet rating 
Consumers Credit Union CD

Minimum Balance

$250

Federally insured by the NCUA

APY

0.35%

With $250 minimum balance


Why we like it

Consumers Credit Union's opening minimum for its certificates is $250, much lower than other financial institutions'.

Read Full Review
Discover Bank CD
Learn more

at Discover Bank, Member FDIC

Discover Bank CD

4.0

NerdWallet rating 
Discover Bank CD

Minimum Balance

$2,500

Member FDIC

APY

0.20%

With $2,500 minimum balance

Learn more

at Discover Bank, Member FDIC


Why we like it

Discover Bank offers a competitive rate for a current three-month CD. Its minimum is relatively high.

Read Full Review

Axos Bank® CD

2.0

NerdWallet rating 
Axos Bank® CD

Minimum Balance

$1,000

Member FDIC

APY

0.20%

With $1,000 minimum balance


Why we like it

Axos Bank is an online bank with a relatively low minimum opening requirement and a decent rate for its three-month CD term.

Read Full Review

Ally Bank High Yield CD

5.0

NerdWallet rating 
Ally Bank High Yield CD

Minimum Balance

$0

Member FDIC

APY

0.15%

With $0 minimum balance


Why we like it

Ally's wide range of CD terms starts at three months, and there's no minimum opening requirement.

Read Full Review

Synchrony Bank CD

4.5

NerdWallet rating 
Synchrony Bank CD

Minimum Balance

$0

Member FDIC

APY

0.15%

With $0 minimum balance


Why we like it

Online bank Synchrony has a low opening requirement and a wide range of high CD rates, including its three-month.

Read Full Review

Popular Direct CD

3.0

NerdWallet rating 
Popular Direct CD

Minimum Balance

$10,000

Member FDIC

APY

0.15%

With $10,000 minimum balance


Why we like it

Popular Direct is an online bank with a decent three-month CD rate but a steep minimum opening deposit.

Read Full Review

Lake Michigan Credit Union Certificate of Deposit

4.0

NerdWallet rating 
Lake Michigan Credit Union Certificate of Deposit

Minimum Balance

$500

Federally insured by the NCUA

APY

0.15%

With $500 minimum balance


Why we like it

Lake Michigan Credit Union has membership available nationwide to take advantage of its solid CD rates.

Read Full Review

» Want to see more options? Check our list of the best CD rates overall

Here's our list of the best 3-month CD rates from banks and credit unions:

  • TIAA Bank: 0.35% APY, $1,000 minimum deposit.

  • Consumers Credit Union: 0.35% APY, $250 minimum deposit.

  • Discover Bank: 0.20% APY, $2,500 minimum deposit.

  • Axos Bank: 0.20% APY, $2,500 minimum deposit.

  • Ally Bank: 0.15% APY, no minimum deposit.

  • Synchrony Bank: 0.15% APY, $2,000 minimum deposit.

  • Popular Direct: 0.15% APY, $10,000 minimum deposit.

  • Lake Michigan Credit Union: 0.15% APY, $500 minimum deposit.

Last updated on July 1, 2021

Methodology

We featured easy-to-join financial institutions that NerdWallet has vetted and reviewed with the highest rates for three-month CDs. Higher rates might be available elsewhere.

To recap our selections...

NerdWallet's Best 3-Month CD Rates July 2021

Frequently asked questions