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Online CD Rates 2021 – 3-Year CDs

Three Year 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. Three years is an intermediate term for CDs and banks will often pay you a bit more of a premium to keep your money locked in for a longer duration.

Highest Three-Year Online CD Rates - April 22, 2021

3 Year CD National Average: 0.63% ?

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BANK APY? MIN?

| Apr 03, 2021

Communication fails. I attempted to open an account online. Just reaching a person took way too long, Bank required loan pull from an existing account first--a potential red flag to both my investment comp... Read More

| Jan 03, 2021

This is the worst online banking I have seen. Without any warning they restricted access to withdrawals to $1000. Representative said they implemented on ALL accounts for ALL customers due to “fraud”... Read More

Early Withdrawal Penalty is all interest earned.

| Mar 30, 2021

These guys are the best local bank. Very responsive.

| Mar 06, 2021

No problems. Easy to open and use. Read More

Early Withdrawal Penalty is 360 days interest.

| Apr 22, 2015

Hello, I am interested in a line of credit against my home. I have a high interest credit card that I want to move to this credit. I have a wells fargo mortgage which is only a few years old which I do no...

| Jun 26, 2020

Rate not current Read More

| Jan 05, 2021

i went to open an account. I discovered the bank is based in Tennessee. TNs two senators are voting to decertify the election. I will not open an account here and neither should you. I wish the bank were...

| May 02, 2019

VERY CONFUSING WEB SITE AND DIRECTIONS

| Dec 08, 2020

Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More

| Jun 25, 2020

Ok, GFB's site a bit more compliant today. Unfortunately the rate posted here is not current. 1.05% and look at that minimum! Read More

| Jul 24, 2020

Went to renew a cd at branch in Jacksonville Fl , on main street, they said I would have to keep driving around building , if any cars came in behind me. They have 2 drive throughs and wouldn't open other... Read More

| Apr 22, 2021

This is basically an online bank only. It is unknown here in Eastern NC, even though it claims to serve this area. I was happy to take the risk when the rate was good, After all the small drops, it isn't g...

| Apr 19, 2021

If 0.60% is one of the best rates and it is, then I have nothing to complain about. It has been an easy enough experience.

| Feb 28, 2021

ACH transfers limited to $3,000, unsecured website, emailing acct numbers, hours to reach customer service. Need not say more.

| Jan 23, 2021

In terms of service, you cannot do anything online. On every other bank, you can message someone online and get a quick response. You need to call Synchrony and speak with someone in the Philippines. N... Read More

| Dec 10, 2019

My CD matured and they sent the money back. I am not getting a new CD now since rates are too low. I just wanted to say that the people were absolutely wonderful to deal with. Read More

| Jan 04, 2020

I am surprised at all the negative reviews. I have had several large CDs at this bank for several years, and I've gotten the best customer service I've ever gotten at any bank in the last 45 years. Read More

| Dec 12, 2020

"keeping their savings rate competitive" - they aren't. Read More

| Jun 25, 2020

I can tell you nothing of this bank. I can tell you the rate posted here is incorrect (FIFTH one today!) I only wish I could review BestCashCow. Read More

| Aug 04, 2020

Sallie Mae is going to absolutely be the right bank for you if you enjoy calling during normal business hours and speaking with a automated voice response system that gives you no information and refuses t...

| Jun 27, 2020

Agree with "Cannot recommend", this is a bricks and mortar bank with a very limited online presence. Read More

| Apr 07, 2021

I have a few million dollars in cash across several online banks. It is not exciting with interest rates so low, but I will take 20 grand or so in interest, even if it is fully taxable over the $5 in inter... Read More

Early Withdrawal Fee is the greater of: everything earned in the first 12 months or 30% of total dividends that would have been earned if held to maturity, but not to exceed total dividends paid.

| Sep 06, 2020

Yes, Pentagon had good rate initially, but it disappeared at renewal. We have top credit score (835).

| Jun 25, 2020

Nope. As with the CIT quote 1.25% APY is a bit optimistic. Banesco's site offers .90%.

| Sep 14, 2020

two thumbs up Read More

| Dec 13, 2016

This was formerly First Trade Union bank. Use Ally, Barclays, Synchrony or some bank that provides a certain level of service.

OneWest Bank, a division of CIT Bank
0.50% $1,000 Learn More

| Apr 18, 2018

Worst experience of my life. Did not fund and gave $25 to my own charity. Read More

$1,000 minimum deposit to open an account. A penalty may be imposed for early withdrawal. Account fees may reduce your earnings.

| Jan 04, 2021

The rate is 0.25% on balances under $300,000. Nobody in their right mind is going to go over $250,000 in this bank. Bestcashcow should remove it. Read More

Early Withdrawal Penalty is 365 days interest.

| Apr 10, 2021

I opened an account a couple of years ago and had a dreadful experience. I saw two weeks ago that the rate was better than at Citizens so I closed that account for this one. I cannot access my money now or... Read More

| Aug 25, 2020

Bank is owned by a Florida bank and yet I wasn't able to open an account because I live in Florida. Go figure! Read More

| Aug 03, 2020

There is a lot to like about this account. American Express is a real organization and you are not playing with a bunch of amateurs like with a lot of these banks. However, they will be sure to lower the ... Read More

Warning: Early Withdrawal Penalty is 2% of principal.

| Dec 26, 2018

I think it is 1% on 1-year CDs and 2% on anything between 1 and 4 years. Not great, but not the worst I have seen. Read More

| Dec 11, 2020

All the good reviews on this site are planted by the bank. This is the worst. It used to be good and the transfer speed is good. Still they lower their rates below anyone else and do it without the notice ...

| Jul 21, 2020

Opened account a month ago. I've already seen the rate fall a couple of times, but have no other complaints. Easy process and a clear easy to use site (unlike Ally where I was before). Read More

| Apr 28, 2020

Party's over, folks. One year CD, minimum $50k now yields just 1.41%. Read More

| Apr 10, 2021

This isn't a bank. It is a scam to get your personal information. It should not be listed here. They have no interest in doing business with you. Read More

| Dec 05, 2020

I know rates are variable, at their discretion*, but in the time frame of 9 months their rates have dropped to 1/3 of what they were ! is that what some call a teaser rate in the beginning ??? Read More

Warning: Early Withdrawal Penalty is all credited interest.

| Apr 09, 2021

Unprofessional in every way imaginable.

| Aug 13, 2019

I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines...

| Feb 28, 2020

Purepoint is great. Only Citizens Access is better and I've had all of these. I have nothing to gain by saying this, but I would opt for Purepoint when the rates are comparable. Read More

Ohio Catholic
Restrictions
0.25% $100,000 Learn More

| Apr 19, 2021

more problems than i or anyone should have time for Read More

Ohio Catholic
Restrictions
0.20% $25,000 Learn More

| Feb 24, 2020

I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4... Read More

| Aug 15, 2019

I applied for a jumbo CD account over two weeks ago. They asked me for more documentation than my mortgage company did and then they did a hard credit pull. They advertise fast and simple they are simply n...

| Nov 18, 2017

This is a decent account until you need to withdraw something and then it is hell on wheels. Read More

| Aug 25, 2020

I cannot say that I am too happy about the rate, but the service on this one is excellent. Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

PRODUCT INFORMATION

Three Year CDs - Online Banks 2021

Three year CDs from online banks offer a yield that is between .30 and .60 percentage higher than a one year CD from an online bank. While in general, online banks offer higher CD rates than branch-based banks, some smaller community banks and credit unions offer rates even higher than online banks. Savers should compare online and branch based rates if looking for the highest rate irrespective of how the CD is opened and managed.

A three year CD is a medium term CD and commits the user to keeping the money in the bank for three years in return for a fixed rate during this period of time.

When to Open

In general, in a rising rate environment savers should keep their money liquid and not commit it for long periods of time. Three year CDs offer a compromise as an intermediate amount of time to lock money with a premium for doing so.

In a falling rate environment, savers should try and lock in their money for as long as possible. Three year CDs can also play a role in this type of environment depending on how long savers think rates will fall and stay low. For example, following the financial crisis in 2008, when the top CD rates were above 6% APY; with the benefit of hindsight, a saver would have been wise to lock money into a 5 year CD, preserving that 6% rate into 2013.

Some savers like to use three year CDs as part of a CD ladder, in which different term CDs help to diversify the portfolio from changes in interest rates.

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.