The search for the best short-term CD rates can be an overwhelming task for investors looking to strike a balance between solid returns and flexibility. As we enter 2023, various banks and credit unions are offering competitive rates on their 3-month CDs that can fit your investment needs. In this article, we’ll explore the top three options giving you the best returns on your investment.

1. First National Bank: 1.45% APY

Ranked at the top of our list, First National Bank stands out with its attractive 1.45% annual percentage yield (APY) on its 3-month CD. This rate is currently the highest available in June 2023, and it requires a minimum deposit of only $500. With First National Bank, you get to experience the power of compound interest combined with the convenience of short-term investing.

2. Pioneer Financial Credit Union: 1.35% APY

A close runner-up to First National Bank is Pioneer Financial Credit Union with their enticing 1.35% APY on their 3-month CD. This product requires a slightly higher minimum deposit of $1,000 but offers an excellent return on your investment over a short period. As a reputable financial institution, Pioneer Financial ensures a dependable platform that caters to clients’ specific financial goals.

3. Citywide Savings Bank: 1.25% APY

Citywide Savings Bank may have lower rates compared to the other two institutions mentioned above, but it’s still a unique option for investors interested in securing their money as it provides additional perks like online banking access and flexible withdrawal options at a reasonable rate of 1.25% APY over three months` tenure with $500 minimum deposit required.

In conclusion, these are the top three choices for the best 3-month CD rates in 2023. The rates mentioned are subject to change, so keep a close eye on any fluctuations, and always do thorough research before committing to an investment. Additionally, it’s important to note that investing in CDs means locking up your money for a specific period, so make sure you can commit to the term before proceeding. Happy investing!