The current national average 3 month CD rate is 0.38 percent this morning. You can find 3 month CD rates at banks and credit unions higher than the national average CD rates. We have compiled a list of the best 3 month bank CD rates and credit union CD rates in the state of California.

The best 3 month CD rate on our list of current CD rates in California is from Luther Burbank Savings. The bank’s current 3 month bank CD interest rate is 0.90 percent with an annual percentage yield 0.90 percent. That CD rate is more than double the current national average 3 month CD rate. The minimum opening certificate of deposit account balance at Flagstar Bank is $1000.

BankDirect is second on the list with a current 3 month CD rate of 0.75 percent with an APY of 0.75 percent. BankDirect’s minimum opening certificate of deposit balance is $10,000.

La Jolla Bank is third on the list with the best 3 month CD rate in CA. The bank is offering their 3 month certificate of deposit with a CD rate and CD yield of 0.70 percent. The minimum opening deposit for a CD account at La Jolla Bank is $10,000.

Discover Bank, GiantBank.com and Nationwide Bank are tied for fourth on our list of CD rates in California. All three banks are curenlty offering 3 month bank CD rates at 0.65 percent with an AY of 0.65 percent. Discover Bank and Giantbank.com have a minimum opening deposit of $2,500 and Ally Bank’s minimum is only $1.

Current 3 Month CD Rates California

• Luther Burbank Savings CD Rate 0.90% APY 0.90% Min $1000 
• BankDirect Bank CD Rates 0.75% APY 0.75% Min $10,000 
• La Jolla Bank CD Interest Rates 0.70% APY 0.70% Min $10,000 
• Ally Bank CD Rate 0.69% APY 0.69% Min $ 1 
• Discover Banks CD Rates 0.65% APY 0.65% Min $2500 
• Giantbank.com CD Rate 0.65% APY 0.65% Min $2500 
• Nationwide Bank 0.65% APY Min $10000 
• Bank of the Sierra 0.59% APY Min $1000 
• EverBank 0.57% APY Min $1500 
• First Internet Bank of IN 0.50% APY Min $1000 
• CapitalSource Bank 0.50% APY Min $10,000 
• Tennessee Commerce Bank 0.50% APY Min $2500 
• E-LOAN.com 0.40% APY Min $10000 
• First Federal S&L 0.35% APY Min $1000 
• Bank of America 0.35% APY Min $10,000 
• Bank of Internet USA 0.35% APY Min $1000 
• Bank of Marin 0.30% APY Min $10,000 
• Westamerica Bank 0.30% APY Min $10,000 
• First Bank & Trust 0.30% APY Min $1000 
• Allstate Bank 0.30% APY Min $1000 
• Ameriprise Bank FSB 0.30% APY Min $10,000