Vermont CD Rates – 3-Month 2020

Below are the best three-month CD Rates from banks in Vermont. Three-month CD rates are generally the shortest term offered by banks and come with the lowest interest rates. You may want to consider opening a 3-month CD if they the rates are comparable to a savings and money market account, you don’t need the money for the time period, and you feel that savings rates will drop.

VT - August 14, 2020

CD National Average : 0.18% ^?

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Banks	APY	MIN	MILES ^?
The Bank Of Bennington	0.55%	$100,000	-	Learn More Reviews
The Bank Of Bennington	0.50%	$10,000	-	Learn More Reviews
Wells River Savings Bank	0.30%	$10,000	-	Learn More Reviews
Peoples Trust Company Of St. Albans	0.25%	$10,000	-	Learn More Reviews
Nbt Bank, National Association	0.20%	$10,000	-	Learn More Reviews
Northfield Savings Bank	0.20%	$10,000	-	Learn More Reviews
Mascoma Bank	0.15%	$10,000	-	Learn More Reviews
Passumpsic Savings Bank	0.15%	$10,000	-	Learn More Reviews (2)
Citizens Bank, National Association	0.10%	$10,000	-	Learn More Reviews (1)
Td Bank, National Association	0.10%	$10,000	-	Learn More Reviews (1)
The Brattleboro Savings And Loan Association	0.10%	$10,000	-	Learn More Reviews
Community Bank, National Association	0.08%	$100,000	-	Learn More Reviews
The National Bank Of Middlebury	0.05%	$2,500	-	Learn More Reviews
Berkshire Bank	0.05%	$10,000	-	Learn More Reviews
People's United Bank, National Association	0.05%	$10,000	-	Learn More Reviews (1)
Bar Harbor Bank & Trust	0.05%	$10,000	-	Learn More Reviews
Keybank National Association	0.05%	$10,000	-	Learn More Reviews (1)
Ledyard National Bank	0.05%	$10,000	-	Learn More Reviews
Trustco Bank	0.05%	$10,000	-	Learn More Reviews (1)
Community Bank, National Association	0.03%	$10,000	-	Learn More Reviews

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

See rates for Online Banks →

See rates for Credit Unions →

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

3 Month Branch Certificates of Deposit 2020

3 Month Certificates of Deposit offered by local banks are often the shortest term offered. Three month certificates of deposit rates underperform the returns on savings and money market accounts and have for some time. As a result, savers may find savings and money market accounts to offer a higher yield and more flexibility than a three year CD.

Any certificate of deposit will bear substantial penalties for early withdrawal, if it is even allowed. As a result of the penalty, depositors who might need to withdraw from short term CDs early will ordinary lose some of their principal. Under no circumstances should depositors open a 3 month CD if they think that there is any chance that they will need to access the money in less than 3 months.

While online banks often offer better rates on short term CDs, local banks are provide the convenience of walking into a branch to open a CD, deposit funds, or withdraw the CD when it matures. In addition, a CD is often an entree into a broader relationship with a financial institution which may become important if the depositor wishes to borrow money.

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.