Best 3-Year CD

How we picked the companies to evaluate:

NerdWallet reviewed the top 25 financial institutions by domestic deposit assets, the top 25 by number of branches, the top 20 by search volume, the top 10 credit unions by membership, the top 10 credit unions by deposits, and emerging and notable players.

How we chose the winner:

The provider with the highest NerdWallet star rating for a 3-year term was selected as the winner. CD providers were rated based on the following factor: interest rate on $5,000 at 3-year term.

In case of a tie, banks and credit unions were compared by category in the following order until one institution remained:

  • Total CD offering.
  • Minimum opening deposit.
  • Banking experience.

How we verified our data:

NerdWallet writers and editors confirmed fees, rates, policies and other key features on each financial institution’s website. If an institution’s website was missing information, we contacted a representative directly for confirmation.