BEST OF

18 Best 3-Year CD Rates for July 2024

Spencer Tierney
By Spencer Tierney 
Edited by Sara Clarke

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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 1.44% APY for three-year CDs. See our picks below.

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.

More than 90 financial institutions surveyed by our team of experts.

More than 50 data points considered for each bank and credit union to be eligible for our lists. For this CD list, three data points were considered per institution.

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

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 1.44% APY for three-year CDs. See our picks below.

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.

More than 90 financial institutions surveyed by our team of experts.

More than 50 data points considered for each bank and credit union to be eligible for our lists. For this CD list, three data points were considered per institution.

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

🤓Nerdy Tip

Some banks have started lowering CD yields, though overall rates remain high. With a CD, you can lock in high rates while they’re still around.

Best 3-Year CD Rates

NerdWallet rating 

5.0

/5
Alliant Credit Union Certificate
Learn more

at Alliant Credit Union, Federally insured by NCUA

Minimum deposit

$1,000

Federally insured by NCUA

APY

4.15%

Why We Like It

The online-focused credit union has a lower opening minimum than some competitors.

NerdWallet rating 

5.0

/5
Bread Savings™️ CD
Learn more

at Bread Savings, Member FDIC

Minimum deposit

$1,500

Member FDIC

APY

4.25%

Why We Like It

Bread Savings offers an attractive rate on its CD, but there's a somewhat high minimum.

NerdWallet rating 

4.5

/5
Quontic Bank CD
Minimum deposit

$500

Member FDIC

APY

4.40%

Why We Like It

Quontic Bank is a digital bank with a low minimum and solid rate on its three-year CD.

NerdWallet rating 

4.0

/5
Self-Help Credit Union Term Certificate
Minimum deposit

$500

Federally insured by NCUA

APY

4.08%

Why We Like It

Self-Help Credit Union offers membership to anyone nationwide with a one-time $5 fee. Its three-year Term Certificate has a competitive yield and a low opening minimum of $500.

NerdWallet rating 

5.0

/5
BMO Alto Certificate of Deposit
Minimum deposit

$0

Deposits are FDIC Insured

APY

4.60%

Why We Like It

BMO Alto is the online-only division of BMO with a competitive three-year CD rate and no minimum deposit requirement.

NerdWallet rating 

5.0

/5
LendingClub CD
Minimum deposit

$2,500

Member FDIC

APY

4.30%

Why We Like It

LendingClub Bank is an online financial institution with a solid rate and somewhat high minimum on its three-year CD rate.

NerdWallet rating 

5.0

/5
TAB Bank CD
Minimum deposit

$1,000

Member FDIC

APY

4.25%

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.

NerdWallet rating 

4.5

/5
EverBank Performance℠ CD
Minimum deposit

$1,000

Member FDIC

APY

4.10%

Why We Like It

EverBank has a somewhat low minimum of $1,000 and a wide range of high-yield CDs for various terms, including its three-year CD.

NerdWallet rating 

4.5

/5
Connexus Credit Union Certificate
Minimum deposit

$5,000

Federally insured by NCUA

APY

4.11%

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 of $5,000 is high.

NerdWallet rating 

4.5

/5
Andrews Federal Credit Union Fixed Rate Share Certificates
Minimum deposit

$1,000

Federally insured by NCUA

APY

4.10%

Why We Like It

Andrews Federal Credit Union focuses on serving military communities, but its membership is available to anyone nationwide. Andrews’s share certificates have solid rates and a somewhat low minimum of $1,000.

NerdWallet rating 

5.0

/5
Ally Bank High Yield CD
Minimum deposit

$0

Member FDIC

APY

4.00%

Why We Like It

Online bank Ally has competitive yields and no minimum deposit requirement.

NerdWallet rating 

4.0

/5
Sallie Mae Bank CD
Minimum deposit

$2,500

Member FDIC

APY

4.00%

Why We Like It

Sallie Mae offers solid rates, including on its three-year term. The minimum of $2,500 to open is somewhat hefty, though.

NerdWallet rating 

5.0

/5
NASA Federal Credit Union Share Certificate
Minimum deposit

$1,000

Federally insured by NCUA

APY

4.25%

Why We Like It

NASA Federal Credit Union focuses on NASA employees but lets anyone join if they agree to a free membership to the National Space Society. The credit union’s standard three-year share certificate has a solid yield and a somewhat low opening minimum of $1,000.

NerdWallet rating 

4.0

/5
Bethpage Federal Credit Union Certificate
Minimum deposit

$50

Federally insured by NCUA

APY

4.00%

Why We Like It

Bethpage Federal Credit Union offers a three-year certificate with a solid rate and a low opening minimum of $50. Membership is open to anyone nationwide who opens a savings account with at least $5 at the credit union.

Want to compare more options? Here are our other top picks:

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

Best 3-year CD rates for July 2024

  • Bread Savings: 4.25% APY.

  • Alliant Credit Union: 4.15% APY.

  • Popular Direct: 4.50% APY.

  • BMO Alto: 4.60% APY.

  • Ally Bank: 4.00% APY.

  • Synchrony Bank: 4.15% APY.

  • Capital One: 4.00% APY.

  • Marcus by Goldman Sachs: 4.15% APY.

  • Quontic Bank: 4.40% APY.

  • Sallie Mae Bank: 4.00% APY.

  • Andrews Federal Credit Union: 4.10% APY.

  • Self-Help Credit Union: 4.08% APY.

  • LendingClub Bank: 4.30% APY.

  • TAB Bank: 4.25% APY.

  • EverBank: 4.10% APY.

  • Connexus Credit Union: 4.11% APY.

  • NASA Federal Credit Union: 4.25% APY.

  • Bethpage Federal Credit Union: 4.00% APY.

A green bank that has a coin slot at the top where a hand is depositing a coin.

3-year CD trends

NerdWallet picks’ average:

4.19% APY

National average:

1.44%

Another option: No-penalty CDs

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 four banks offer no-penalty CDs (click each link to read the full review):

Last updated on July 1, 2024

Methodology

On a monthly basis, we compare rates at over 40 financial institutions, pulled from our full list, that we’ve seen to be consistently competitive. On a quarterly basis, we analyzed our full list, excluding banks that offered brokered CDs, since those accounts work differently from standard bank CDs. Higher rates might be available elsewhere.

We took a close look at over 90 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; 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.

Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Amalgamated Bank, America First Credit Union, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Bethpage Federal Credit Union, BMO, BMO Alto, Boeing Employees Credit Union, Bread Savings, BrioDirect, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens, Citizens Bank, City First Bank, Climate First Bank, Commerce Bank, Community First Credit Union of Florida, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Customers Bank, Delta Community Credit Union, Discover® Bank, E*TRADE, EverBank (formerly TIAA Bank), Fifth Third Bank, First Foundation, First National Bank, First Tech Federal Credit Union, Flagstar Bank, FNBO Direct, Global Credit Union, GO2bank, Golden 1 Credit Union, Greenwood, Hope Credit Union, Huntington Bank, Industrial Bank, Ivy Bank, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road Bank, LendingClub Bank, Liberty Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, One, OneUnited Bank, Pentagon Federal Credit Union, PNC, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Suncoast Credit Union, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Varo, Vio Bank, Wells Fargo and Zynlo Bank.

Frequently asked questions