BEST OF

7 Best 3-Month CD Rates February 2021

Spencer TierneyFebruary 1, 2021
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Three-month CD rates aren't that common, but of those available, online banks tend to have the best. Although the term is one of the shortest available, these CDs can be helpful in some savings strategies, such as CD ladders.

» 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 February 2021

TIAA Bank Basic CD

3.5

NerdWallet rating 
TIAA Bank Basic CD

APY

0.35%

With $1,000 minimum balance

Minimum Balance

$1,000

Member FDIC


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

APY

0.35%

With $250 minimum balance

Minimum Balance

$250

Federally insured by the NCUA


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

4.0

NerdWallet rating 
Discover Bank CD

APY

0.20%

With $2,500 minimum balance

Minimum Balance

$2,500

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

Radius CD

4.0

NerdWallet rating 
Radius CD

APY

0.25%

With $1,000 minimum balance

Minimum Balance

$1,000

Member FDIC


Why we like it

Radius offers a solid three-month CD rate and a low opening minimum.

Read Full Review

nbkc bank Personal CD

3.0

NerdWallet rating 
nbkc bank Personal CD

APY

0.10%

With $1,000 minimum balance

Minimum Balance

$1,000

Member FDIC


Why we like it

NBKC, or the National Bank of Kansas City, is an online-focused bank with solid rates and a minimum deposit for its three-month CD that is somewhat low compared to competitors.

Read Full Review

Axos Bank® CD

4.0

NerdWallet rating 
Axos Bank® CD

APY

0.20%

With $1,000 minimum balance

Minimum Balance

$1,000

Member FDIC


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

4.5

NerdWallet rating 
Ally Bank High Yield CD

APY

0.20%

With $0 minimum balance

Minimum Balance

$0

Member FDIC


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

» 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:

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

  • Radius: 0.25% APY, $1,000 minimum deposit.

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

  • Ally Bank: 0.20% APY, no minimum deposit.

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

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

  • NBKC Bank: 0.10% APY, $1,000 minimum deposit.

Last updated on February 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 February 2021

Frequently asked questions