Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
The average APY (Annual Percentage Yield) on a 3-year CD is 1.38% APY. However, the best 3-year CD rate is Valley Direct 3 Year Variable CD - APY APY from Valley Direct. This CD is a variable-rate CD, which means the rate may go up or down during the term depending on economic conditions.