What is a three-year CD?

A three-year CD is exactly what it sounds like: a CD that offers a term of three years at a set APY.

Why some savers stand to benefit more from a CD

The key difference between a CD and other savings vehicles like a high-yield savings account is that you’re trading liquidity for higher interest. This can be especially helpful if you find that you’re the kind of saver who has trouble keeping their hands off their savings.

The 10 best 3-year CD rates for January 2025

Why we picked Alliant Credit Union's 3-year CD

Though Alliant had one of the lower APYs on our list, it makes up for it with many customer service options and a modest early withdrawal penalty.

Since Alliant is a digital credit union, you won’t have access to physical branch locations. You will, however, be able to contact customer service via email, chat, or phone.

Learn more: Read our Alliant Credit Union review

First National Bank of America 3-year CD

APY	3.90%
Minimum Deposit	$1,000
Early withdrawal penalty	360 days’ interest

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