A small Florida bank is our new leader in 3-month CD rates.
Sanibel Captiva Community Bank is offering a return of 0.95% APY with a $1,000 minimum deposit. 
That’s nearly a tenth of a percentage point more than you can earn at Nexity Bank, which falls to second in our rankings of the best nationally available returns.
The online bank based in Birmingham, Ala., continues to pay 0.86% APY with a $1,000 minimum deposit.
The only way to earn more is to find a deal that’s limited to local customers, such as the one River City Bank is offering in Louisville, Ky. or Green Belt Bank & Trust has for savers in north central Iowa.
The next best nationally available returns on 3-month certificates of deposit are:
0.85% APY with a $10,000 minimum from Goldwater Bank, with a single location in Scottsdale, Ariz.
0.80% APY with a $10,000 minimum from Virtual Bank, the online division of Lydian Private Bank, based in Palm Beach, Fla.
The offer from Sanibel Captiva Community Bank is open to all U.S. residents, but you must apply by mail or in person.
You have to supply a copy of your driver’s or state license, as well as another piece of identification, your Social Security number, your occupation and of course the usual name, address and phone number.
The letter, along with a check, can be mailed to any of Sanibel Captiva Community Bank’s three locations (addresses are on the Web site).
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