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Online CD Rates 2019 – 3-Month CDs

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 - September 21, 2019

3 Month CD National Average: 0.41% ?

TotalDirect, a Division of City National Bank of Florida
2.20% 5.34x $25,000
Virtualbank, a division of Iberiabank
2.15% 5.22x $10,000
TIAA Bank / Everbank
2.03% 4.93x $1,000
First Internet Bank of Indiana
2.03% 4.93x $1,000
Radius Bank
0.85% 2.06x $1,000
Ally Bank
0.75% 1.82x $25,000
Axos Bank, a division of Bofi Federal Bank
0.55% 1.33x $1,000
Ohio Catholic Fcu
0.50% 1.21x $100,000
Ohio Catholic Fcu
0.40% 0.97x $25,000
Discover Bank
0.35% 0.85x $2,500
USAA Federal Savings Bank
0.35% 0.85x $175,000
OneWest Bank, a division of CIT Bank
0.30% 0.73x $1,000
Ohio Catholic Fcu
0.20% 0.49x $500
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.


3 Month Online Certificates of Deposit 2019

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; 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.


Find out how much extra money you can earn by moving your bank money into an account that pays more.

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