| Bank Institution | Minimum | Interest Rate (APY) |
|---|---|---|
| Ivy Bank, a division of Cambridge Savings Bank | $1,000 | 4.25% |
| Charles Schwab Bank, SSB | $1,000 | 4.21% |
| Modern Bank, National Association | $100,000 | 4.10% |
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.
| BANK | APY? | MIN? | |
|---|---|---|---|
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4.25% | $1,000 | Learn More |
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Rate History: 4.35% → 4.00% → 3.85% → 4.00% → 4.25% |
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TerryGord1973 | Jul 9, 2023 Looks like indexed savings is now at 5.31%. Down, but it still beats anything else here. Why aren't you highlighting this for your readers? Read More |
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4.21% | $1,000 | Learn More |
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Rate History: 3.91% → 4.01% → 3.85% → 3.91% → 4.21% |
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[email protected] | Feb 12, 2020 WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVSE. |
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4.10% | $1,000 | Learn More |
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Rate History: 4.10% → 4.00% → 3.85% → 3.95% → 4.10% |
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TJ Boone | Jun 2, 2026 Opened an account with Bask several years ago for all of American Airlines miles when rates were close to zero. At some point I switched to an interest bearing account and then at some point I moved to an... Read More |
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4.10% | $100,000 |
Learn More
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3 Month CD. |
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4.00% | $500 | Learn More |
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Rate History: 3.25% → 2.00% → 3.25% → 3.35% |
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. |
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4.00% | $1,000 | Learn More |
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Rate History: 4.60% → 4.40% → 4.35% → 4.06% → 4.00% |
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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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4.00% | $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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3.95% | $25,000 | Learn More |
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Rate History: 4.20% → 4.10% → 3.90% → 3.95% → 3.95% |
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Frank M | Jul 3, 2023 A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. |
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3.95% | $50,000 | Learn More |
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Rate History: 3.90% → 3.95% |
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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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3.90% | $1,500 | Learn More |
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Early withdrawal penalty is 180 days interest. |
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m abram | Jun 22, 2025 I have had multiple CD's with this bank and have never had a problem. Easy account setup. Interest on CD's is transferred on time to my external checking account every month. You can call by phone or leave... Read More |
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3.85% | $1,000 | Learn More |
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Rate History: 3.65% → 3.60% → 3.70% → 3.80% → 3.85% |
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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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3.75% | $0 | Learn More |
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Rate History: 0.75% → 4.05% → 3.75% |
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Stella | Apr 30, 2019 No issues. I feel confident using them. Read More |
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3.65% | $500 | Learn More |
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Rate History: 4.25% → 4.15% → 3.90% → 3.65% |
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James A. Elder | Mar 25, 2020 I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???... |
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3.65% | $5,000 | Learn More |
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Rate History: 3.50% → 4.40% → 3.50% → 3.60% → 3.65% |
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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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3.60% | $1,000 | Learn More |
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Rate History: 1.00% → 5.00% → 3.80% → 3.60% |
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tedd | Jun 28, 2021 They bait and switch. Advertise cds at .40 but offer only .04 when in the office. Sharp business practice. |
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3.60% | $1,000 | Learn More |
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Rate History: 3.95% → 3.90% → 3.80% → 3.70% → 3.60% |
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smithy1968 | Mar 20, 2025 A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More |
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3.50% | $500 | Learn More |
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Rate History: 1.00% → 4.30% → 3.75% → 3.50% |
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JohnC | Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... |
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3.20% | $500 | Learn More |
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Rate History: 3.90% → 3.75% → 3.50% → 3.20% |
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BW | Jul 17, 2021 I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More |
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3.14% | $1,000 | Learn More |
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Rate History: 3.72% → 3.61% → 3.40% → 3.30% → 3.14% |
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Beenthere | Jan 30, 2024 Have an IRA rollover, they don't take IRAs any longer. |
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3.00% | $500 |
Learn More
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Rate History: 1.00% → 3.25% → 3.00% |
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2.94% | $1 | Learn More |
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Warning: Early withdrawal penalty is 1% of principal |
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D R Lineberger | Dec 30, 2018 Garden14 Read More |
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2.80% | $0 | Learn More |
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Rate History: 3.00% → 2.90% → 2.80% → 2.70% → 2.80% |
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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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Restrictions |
1.55%
1.50% |
$100,000
$20,000 |
Learn More |
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Rate History: 1.50% → 3.66% → 3.55% → 1.30% → 1.55% |
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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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1.00% | $10,000 |
Learn 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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Jeff Talmage | Aug 22, 2025 Echoing the other negative reviews here. Avoid because rate is bait-and-switch, website is awful and service is not acceptable (provided by offshore reps who barely speak English, raise their voice and ad... Read More |
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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.
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