Three-month Certificates of Deposit (CD) rates from online banks are often above average if you are willing to open and manage your account using the Internet. Most online banks offer an online application and money can be transferred to fund the CD via an electronic transfer, check, wire, or credit card. To view rates for other CD terms, click the tabs above.
Highest 3-Month Online CD Rates - December 11, 2024
3 Month CD National Average: 2.23% ?
| BANK | APY? | MIN? | |
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4.91% | $25,000 | Learn More |
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3 Month CD.
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79Thru | Mar 21, 2023 Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More |
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4.65% | $1,000 | Learn More |
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Rate History: 5.25% → 5.10% → 5.00% → 4.90% → 4.65% |
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smithy1968 | Apr 20, 2024 Save your tears for another day. Very frustrating. 1-star. Read More |
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4.60% | $1,000 | Learn More |
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Jason T | May 30, 2023 They really do pay this amount, but the account lacks any functionality and they are constantly looking for some sort of add-on fee to enable them to claw back the interest. Any bank with a higher rate an... Read More |
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4.58% | $1,000 | Learn More |
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Rate History: 4.63% → 4.58% → 4.53% → 4.42% → 4.58% |
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kenbeckyreese@icloud.com | Feb 12, 2020 WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVSE. |
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4.50% | $1,000 | Learn More |
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Rate History: 1.00% → 5.10% → 4.60% → 4.50% |
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Dkplan | Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? |
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3.95% | $1,000 | Learn More |
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Rate History: 4.00% → 3.95% |
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redstate jeff | Oct 29, 2024 Same ole Neverbank. They changed the name and then changed it back but nothing has changed in 20 years. First they loop you in to some sort of teaser rate (now it is 5.05%, but it has been lower). Then th... Read More |
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3.72% | $1,000 | Learn More |
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Rate History: 4.18% → 4.19% → 4.14% → 3.72% |
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Beenthere | Jan 30, 2024 Have an IRA rollover, they don't take IRAs any longer. |
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3.50% | $5,000 | Learn More |
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Rate History: 3.44% → 3.50% |
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jp2 | Jul 1, 2022 not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More |
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3.25% | $500 | Learn More |
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Rate History: 3.25% → 2.00% → 3.25% |
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. |
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2.90% | $0 | Learn More |
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Rate History: 3.00% → 2.90% |
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Rad | Aug 13, 2023 Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More |
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2.27% | $50,000 | Learn More |
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Geoffrey Christopher 1 | Nov 12, 2023 Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More |
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2.27% | $50,000 | Learn More |
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Rate History: 2.52% → 2.27% |
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judy | Jul 7, 2022 Insbank 1 yr is 1.5 % 18month is 1.6% 7-7-2022 |
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Restrictions |
2.20%
2.15% |
$100,000
$20,000 |
Learn More |
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Rate History: 4.05% → 2.80% → 2.50% → 2.20% |
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Amanda Frank | Feb 25, 2023 HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... |
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2.00% | $2,500 | Learn More |
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AVOID_ READ_CAREFULLY | Jan 10, 2024 AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More |
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0.75% | $0 | Learn More |
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Stella | Apr 30, 2019 No issues. I feel confident using them. Read More |
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0.25% | $2,500 |
Learn More
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0.20% | $1,000 | Learn More |
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JR48 | Dec 21, 2022 Stay away from this bait and switch bank that uses teaser rates. They lowered my interest rate twice in the first 2 months of opening my account. They said they had the right to change their rate at any ti... Read More |
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0.10% | $0 | Learn More |
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LenaL | May 2, 2022 Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi... |
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Three month CDs are generally the shortest CD term offered by a bank. Online CDs are opened via the Internet from banks that do not have brick-and-mortar operations. In general, online banks offer higher rates by passing on the savings from a lack of a branch network. The disadvantages of an online bank, especially for a short term 3 month CD is that users need to roll over the CD and conduct all business via the Internet and sometimes by phone. A depositor does not have the ability to walk into a branch and handle the transaction.
Three year CDs generally pay significantly less an online savings accounts but offer less flexibility and liquidity. The CD also offers very little in the way of a fixed interest rate because the term is only for three months. After that, the CD must be renewed at the prevailing interest rate. In most cases, depositors would be better off with an online savings or money market account.
All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
