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5 Year CD Rates

Compare rates on 5 year CDs from banks and credit unions. Use the filter box below to customize your results.

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Deposit Amount | $1 $100,000
Currently Including:
212
RESULTS

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FEATURED
Sponsored Note: Synchrony Bank was formerly GE Capital Retail Bank. FDIC Insured.
Sponsored Note: Steady growth, guaranteed returns and a low minimum deposit to open.
Sponsored Note: No Minimum Deposit to Open. Consistently competitive rates. Member FDIC.
EverBank5 Year Yield Pledge CD13 Reviews2.30%$1,500-$3,010
DETAILS
Melrose Credit Union5 Year Share Certificate15 Reviews2.27%$5k-$2,969
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Barclays60 Month Online CD13 Reviews2.25%--$2,950
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CIT Bank5 Year CD47 Reviews2.25%$1k-$2,942
DETAILS
State Farm Bank60 Month CD14 Reviews2.10%--$2,745
DETAILS
Sallie Mae Bank60-Month CD20 Reviews2.10%$2,500-$2,745
DETAILS
Xceed Financial Credit Union60 Month CD9 Reviews2.05%$500-$2,677
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Lake Michigan Credit Union60 Month VIP CD Special35 Reviews2.05%$500-$2,677
DETAILS
State Bank of India5 Year CD2.05%$5k-$2,670
DETAILS
State Department Federal Credit Union60 Month Certificate4 Reviews2.02%$500-$2,637
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Fairfax County Credit Union60 Month Share Certificate2.02%$2,500-$2,637
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Capital Educators Federal Credit Union60 Month Promotional Share Certificate2.02%$500-$2,637
DETAILS
Citizens State Bank (FL)60 Month CD3 Reviews2.01%$1k-$2,623
DETAILS
Mountain America Credit Union60 Month CD7 Reviews2.00%$500-$2,610
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Urban Trust Bank60 Month CD6 Reviews2.00%$500$100k$2,610
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Connexus Credit Union60 Month Certificate With Active Checking14 Reviews2.00%$10k-$2,610
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Salem Five60 Month eCD Special3 Reviews2.00%$10k-$2,610
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Salem Five Direct60 Month eCD Special10 Reviews2.00%$10k-$2,610
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Webster Bank5 Year CD 9 Reviews2.00%$1k-$2,602
DETAILS
Fulton Bank, National Association5 Year Promo Relationship Banking CD11 Reviews2.00%$1k-$2,602
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Beacon Credit Union5 Year Share Certificate Special1 Review2.00%$25k-$2,602
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North American Savings Bank60 - 120 Month CD with Checking1 Review2.00%$10k-$2,475
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Nationwide Bank60 Month CD9 Reviews1.95%$500-$2,542
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Discover Bank5 Year CD26 Reviews1.95%$2,500-$2,534
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Intervest National Bank5 Year CD3 Reviews1.94%$2,500-$2,521
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Pinnacle Federal Credit Union60 Month CD4 Reviews1.91%$500-$2,488
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Sandy Spring Bank60 Month Premier CD Special8 Reviews1.90%$10k-$2,474
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Western Federal Credit Union60 Month Share Certificate2 Reviews1.90%$1k-$2,467
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Digital Credit UnionJumbo 60 Month Certificate - Relationship Rate8 Reviews1.86%$25k-$2,420
DETAILS
Northern Bank & Trust Company60 Month CD1.85%$500-$2,407
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Bank @LANTEC60 Month CD1 Review1.85%$500-$2,407
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First Technology Federal Credit Union60 Month CD10 Reviews1.85%$500-$2,407
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Virtual Bank5 Year eCD5 Reviews1.82%$10k-$2,359
DETAILS
Andrews Federal Credit Union60 Month Share Certificate9 Reviews1.81%$1k-$2,353
DETAILS
Franklin Federal Savings Bank5 Year CD1.81%$500-$2,346
DETAILS
First Internet Bank of IN60 Month CD1 Review1.80%$1k-$2,339
DETAILS
Pen Air Credit Union60 Month CD2 Reviews1.80%$500-$2,339
DETAILS

Displaying 1-40 of 212 Results



5 Year CD Rate Trend

5-Year CD Rates

5 Year CD rates are among the highest CD rates in the country and offer solid returns for a fixed investment period. The table above lists the best 5-year CD rates at the top and allows you to filter your results based on investment amount and institution location. Click the plus button to the left of the bank or credit union name to view account features and rate history for the 5 Year CD, or 60 Month CD, offered by that particular institution.

What is a CD?

CD rates, or certificate of deposit rates, represent the annual percentage yield paid by a financial institution as a return on a time deposit made by a depositor. A CD is unlike a savings account in that it is issued for a fixed period of time, before which funds may be disbursed only by way of an early withdrawal penalty. CDs provide a secure way to grow retirement savings at a fixed rate of interest and can be helpful as a hedge against riskier investments in the same portfolio.

How Some People Use 5-Year CDs

Many investors use a CD calculator as a tool to help them decide whether a particular 5 Year CD is a good investment. CD laddering is a strategy used by some investors to turn the high rates achieved with longer term CDs into regular returns. To build a typical CD ladder, you would buy 5 CDs with differing maturity dates – a 1 Year CD, 2 Year CD, 3 Year CD, 4 Year CD, and 5 Year CD for example. After the first year, when the 1 Year CD expires, take the proceeds and buy another 5 Year CD with them. Repeat this process each year until you have 5 Year CDs expiring every year. This strategy helps you to take advantage of the earning potential of the higher CD rates while maintaining liquidity by giving you yearly access to funds (unless you are willing to take an early withdrawal penalty to access your money sooner).

Brokered CDs

Brokered CDs are not the same as direct CDs and come with downsides (as well as benefits) that differ from the CDs listed in the rate table above. Credit union CD rates can at times be higher than bank CD rates, and online banks tend to offer the highest interest rates among banks overall. At FDIC and NCUA-insured institutions, your deposits are covered up to $250,000, including any CDs you buy from the bank or credit union.