If you have a savings goal with a specific timeline, consider opening a three-year CD to maximize your interest growth. With competitive annual percentage yields available, now is a good time to lock in a rate before they potentially drop further. Here are some top banks and credit unions offering attractive 3-year CD rates:
– BMO Alto: 3.90% APY, no minimum deposit required
– CommunityWide Federal Credit Union: 4.30% APY, $1,000 minimum deposit
– First Internet Bank of Indiana: 3.77% APY, $1,000 minimum deposit
– MYSB Direct: 4.00% APY, $500 minimum deposit
– Bread Savings: 3.50% APY, $1,500 minimum deposit
– First National Bank of America: 3.90% APY, $1,000 minimum deposit
Each bank has its own features and requirements, so be sure to choose one that aligns with your financial needs and goals. Remember, early withdrawal penalties may apply, so plan accordingly to avoid any fees.