Hottest 3-Month CD Rates

Typically the longer the maturity, the higher the interest rate. However, in with the economy the way it is now, cash is king and many banks aren’t willing to pay top dollar for longer maturities. If you’re looking to find a decent short term certificate of deposit rate, you won’t find many banks offering terms as good as these banks. Many of them are online banks where the paperwork for opening such short term CDs is so automated and their overhead is much lower, but there are some traditional banks offering solid rates.

The best rate you can get is 3.00% APY CD from TD Bank USA, you may be familiar with TD Ameritrade, and that’s if you have $25,000. TD Bank USA deposits are FDIC insured up to the FDIC maximum ($250k until December) and you can get this rate if you open and deposit an account

If you don’t have $25,000, then a four-month CD at 3.00% APY at Danversbank may be your best option. They offer a 4-month Online CD with a 2.96% APR/3.00% APY with a minimum of only $500 to open. Danversbank is also FDIC insured and based out of the Town of Danvers, near Boston Massachusetts. Danversbank also has a Free Rewards Checking account currently offering $4.01% APY on balances up to $25,000, which makes it a great one-two punch.