Top 36-Month CD Rates Fall Below 3%

Intervest National Bank is now offering the best nationally available deal on 36-month certificates of deposit — 2.90% with a minimum deposit of $2,500.

The bank, which is based in New York City and has six branchs in the Clearwater, Fla., area, didn’t accomplish that by raising its rates.

It just stood pat while the two banks that had been offering better deals cut their rates.

newdominionDIRECT.com was the only bank paying more than 3% in our July survey of the best 36-month CD rates.

Boston-based First Trade Union briefly hit 3% earlier this month.

But both have pulled back well below 3%.

Frontier Bank with 38 locations in Washington and four in Oregon, is also offering 2.90% APY on a 3-year certificate of deposit.

The minimum deposit, however, is a hefty $25,000.

While Intervest and Frontier still beat the national average of 1.77% for 36-month CDs by more than a full percentage point, you’ll have to buy a top-paying 48-month CD to earn more than 3%.

(We’ve written about Intervest several times before and haven’t heard any complaints about its service. It’s also paying a respectable 2.50% APY on a 30-month CD and 3.15% on 48-month CDs, with the same $2,500 minimum deposit.)

You can use our extensive database of CD rates to compare these offers with the best deals from scores of other banks.

Related Posts:Intervest Bank 2.95% on 18-month CDIntervest National 2.60% Savings AccountFirst Trade Union Tops 36-Month CD Rates36-Month CD Rates Down But Not OutTop 36-Month CD Rates Remain Above 3%