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15 Best 3-Year CD Rates April 2021

Spencer TierneyApril 1, 2021
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The best three-year CD rates can give a boost to short-term savings. The rates featured on this page are much higher than the national average rate of 0.21% APY for three-year CDs. See our picks below.

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

Also scroll down to see "no-penalty" CDs that allow you to withdraw your money whenever you want.

Summary of Best 3-Year CD Rates April 2021

Marcus by Goldman Sachs High-Yield CD

4.5

NerdWallet rating 
Marcus by Goldman Sachs High-Yield CD

APY

0.55%

With $500 minimum balance

Minimum Balance

$500

Member FDIC


Why we like it

The Wall Street firm's online banking division offers competitive CD rates, including its three-year term.

Read Full Review

TAB Bank CD

5.0

NerdWallet rating 
TAB Bank CD

APY

0.65%

With $1,000 minimum balance

Minimum Balance

$1,000

Member FDIC


Why we like it

TAB Bank, an online bank headquartered in Ogden, Utah, offers a competitive three-year rate and relatively low minimum to open.

Read Full Review

Ally Bank High Yield CD

4.0

NerdWallet rating 
Ally Bank High Yield CD

APY

0.65%

With $0 minimum balance

Minimum Balance

$0

Member FDIC


Why we like it

Ally doesn't have a minimum deposit requirement.

Read Full Review

Comenity Direct CD

4.5

NerdWallet rating 
Comenity Direct CD

APY

0.85%

With $1,500 minimum balance

Minimum Balance

$1,500

Member FDIC


Why we like it

Comenity Direct offers a competitive rate on its CD; there's a somewhat high minimum.

Read Full Review

TIAA Bank Basic CD

3.5

NerdWallet rating 
TIAA Bank Basic CD

APY

0.70%

With $1,000 minimum balance

Minimum Balance

$1,000

Member FDIC


Why we like it

TIAA Bank has a somewhat low minimum and a wide range of CDs for various terms.

Read Full Review

Bank7 CD

2.0

NerdWallet rating 
Bank7 CD

APY

0.70%

With $10,000 minimum balance

Minimum Balance

$10,000

Member FDIC


Why we like it

Bank7 only offers two terms, two- and three-year CDs, but its rates are competitive. The minimum deposit of $10,000 is steep.

Read Full Review

Connexus Credit Union CD

4.5

NerdWallet rating 
Connexus Credit Union CD

APY

0.75%

With $5,000 minimum balance

Minimum Balance

$5,000

Federally insured by the NCUA


Why we like it

Connexus Credit Union has a solid rate on its three-year share certificate, the CD equivalent for a credit union, though the opening minimum is high.

Read Full Review

Synchrony Bank CD

4.5

NerdWallet rating 
Synchrony Bank CD

APY

0.65%

With $0 minimum balance

Minimum Balance

$0

Member FDIC


Why we like it

Synchrony's three-year certificate term has a competitive rate with a minimum deposit lower than some online banks.

Read Full Review

Salem Five Direct CD

3.5

NerdWallet rating 
Salem Five Direct CD

APY

0.75%

With $10,000 minimum balance

Minimum Balance

$10,000

Member FDIC


Why we like it

SalemFive Direct offers a strong rate for its three-year term, but its opening minimum of $10,000 is steep.

Read Full Review
Consumers Credit Union CD

at Consumers Credit Union, Federally insured by the NCUA

Consumers Credit Union CD

4.0

NerdWallet rating 
Consumers Credit Union CD

APY

0.60%

With $250 minimum balance

Minimum Balance

$250

Federally insured by the NCUA

at Consumers Credit Union, Federally insured by the NCUA


Why we like it

Consumers Credit Union offers a share certificate with a solid rate and the low minimum deposit of $250.

Read Full Review

Alliant Credit Union CD

4.0

NerdWallet rating 
Alliant Credit Union CD

APY

0.60%

With $1,000 minimum balance

Minimum Balance

$1,000

Federally insured by the NCUA


Why we like it

The online credit union offers certificates with a minimum requirement lower than many banks.

Read Full Review

PenFed Credit Union Money Market Certificate

4.0

NerdWallet rating 
PenFed Credit Union Money Market Certificate

APY

0.55%

With $1,000 minimum balance

Minimum Balance

$1,000

Federally insured by the NCUA


Why we like it

Pentagon Federal Credit Union has a solid rate and a low minimum on its three-year money market certificate, which is its equivalent to CDs.

Read Full Review

Bank5 Connect High-Yield CD

3.5

NerdWallet rating 
Bank5 Connect High-Yield CD

APY

0.55%

With $500 minimum balance

Minimum Balance

$500

Member FDIC


Why we like it

Massachusetts-based Bank5's online division offers a competitive three-year CD rate, its longest term, with a low minimum.

Read Full Review

Discover Bank CD

4.0

NerdWallet rating 
Discover Bank CD

APY

0.55%

With $2,500 minimum balance

Minimum Balance

$2,500

Member FDIC


Why we like it

The credit card issuer offers several types of bank accounts, including a wide range of CD term lengths. Its three-year CD has a somewhat hefty minimum deposit requirement, but its rate is solid.

Read Full Review

Live Oak Bank CD

4.0

NerdWallet rating 
Live Oak Bank CD

APY

0.70%

With $2,500 minimum balance

Minimum Balance

$2,500

Member FDIC


Why we like it

Live Oak Bank provides a high-yield CD with a somewhat high opening minimum.

Read Full Review

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

No-penalty CDs offer more freedom

When you withdraw your money from a CD before the term expires, you generally pay a penalty of at least several months’ of interest earned.

Some providers, however, allow you to withdraw your money before the term expires, with no penalty. Keep in mind that rates may be a little lower for these no-penalty CDs.

The following three banks offer no-penalty CDs:

Here's our list of the best 3-year CD rates for April 2021:

  • Connexus Credit Union: 0.75% APY.

  • Comenity Direct: 0.85% APY.

  • SalemFive Direct: 0.75% APY.

  • TIAA Bank: 0.70% APY.

  • Live Oak Bank: 0.70% APY.

  • Bank7: 0.70% APY.

  • Ally Bank: 0.65% APY.

  • TAB Bank: 0.65% APY.

  • Synchrony Bank: 0.65% APY.

  • Consumers CU: 0.60% APY.

  • Alliant Credit Union: 0.60% APY.

  • Marcus by Goldman Sachs: 0.55% APY.

  • Bank5 Connect: 0.55% APY.

  • PenFed: 0.55% APY.

  • Discover Bank: 0.55% APY.

Last updated on April 1, 2021

Methodology

On a monthly basis, we compare rates at over 20 financial institutions from our full list which we’ve seen to be consistently competitive. On a quarterly basis, we take a close look at over 70 financial institutions, including the largest U.S. banks based on assets, debit card volume, internet search traffic and other factors; the nation’s largest credit unions, based on deposits as well as broad-based membership requirements; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more; we favored those with the highest CD rates. We excluded banks that offered brokered CDs, since those accounts work differently from standard bank CDs. Higher rates might be available elsewhere.

Financial institutions surveyed include: Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express National Bank, Associated Bank, Axos Bank, Bank5 Connect, Bank7, Bank of America, Bank of the West, Barclays, BB&T, BBVA, BMO Harris, Boeing Employees Credit Union, Capital One 360, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Comenity Bank, Comerica Bank, Commerce Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, E*TRADE Bank, Fifth Third Bank, First Foundation Bank, First National Bank, First Tech Federal Credit Union, Flagstar Bank, FNBO Direct, GoBank, Golden 1 Credit Union, Goldman Sachs Bank USA, HSBC Bank, Huntington Bank, KeyBank, Live Oak Bank, M&T Bank, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Radius, Redneck Bank, Regions Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, State Employees' Credit Union of North Carolina, Suncoast Credit Union, SunTrust Bank, Synchrony Bank, TAB Bank, TCF Bank, TD Bank, TIAA Bank, U.S. Bank, UFB Direct, Union Bank, USAA, Varo, Vio Bank, Wells Fargo, Woodforest National Bank and Zions Bank.

To recap our selections...

NerdWallet's Best 3-Year CD Rates April 2021

Frequently asked questions