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5 Year IRA Rates

Compare rates on 5 year IRAs 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:
177
RESULTS

Results

Synchrony Bank60 Month IRA CD (Traditional,Roth)13 Reviews2.30%$25k-$3,019
DETAILS
EverBank5 Year Yield Pledge IRA (Traditional,Roth)13 Reviews2.30%$1,500-$3,010
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Melrose Credit Union5 Year Share IRA Certificate (Traditional,Roth,CESA)15 Reviews2.27%$4k-$2,969
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CIT Bank5 Year IRA (Traditional,Roth)46 Reviews2.25%$1k-$2,942
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Mountain America Credit Union60 Month IRA (Traditional,Roth)7 Reviews2.20%$500-$2,882
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State Farm Bank60 Month IRA (Traditional,Roth)16 Reviews2.15%--$2,814
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Discover Bank5 Year IRA (Traditional,Roth)30 Reviews2.10%$2,500-$2,738
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Alliant Credit Union48 - 60 Month Roth IRA13 Reviews2.10%$1k-$2,604
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North American Savings Bank60 - 120 Month IRA with Checking (Traditional,Roth,CESA)1 Review2.10%$10k-$2,604
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Self Reliance (NJ) Credit Union60 Month IRA Certificate (Traditional,Roth,CESA)2.07%--$2,705
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Bogota Savings Bank5 Year IRA2.07%$500-$2,697
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Xceed Financial Credit Union60 Month IRA (Traditional,Roth,CESA)9 Reviews2.05%$500-$2,677
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Nationwide Bank60 Month IRA (Traditional,Roth)10 Reviews2.05%--$2,677
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Lake Michigan Credit Union60 Month VIP IRA CD Special36 Reviews2.05%$500-$2,677
DETAILS
Kearny Federal Savings Bank5 Year StarBanking Plus IRA (Traditional,Roth,CESA)2.05%$500-$2,670
DETAILS
Capital Educators Federal Credit Union60 Month Promotional IRA Certificate (Traditional,CESA,Roth,SEP)2.02%$500-$2,637
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Community Bank of Bergen County, N. J.5 Year IRA (Traditional,Roth,CESA)2.02%$500-$2,629
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1st Colonial Community Bank60 month IRA2.01%$500-$2,623
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Susquehanna Bank60 Month Fixed Rate IRA Special (Traditional,Roth,CESA)12 Reviews2.01%$2,500-$2,623
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Northfield Bank60 Month IRA (Traditional,Roth)2.00%$2,500-$2,610
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Columbia Bank (NJ)60 Month IRA (Traditional,Roth,CESA)4 Reviews2.00%$500-$2,610
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Crest Savings Bank60 Month IRA (Traditional,Roth)2.00%$500-$2,610
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First Bank (NJ)60 Month IRA2.00%$500-$2,610
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Spencer Savings Bank 60 Month IRA1 Review2.00%$500-$2,610
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Clifton Savings Bank60 Month IRA (Traditional,Roth,CESA)1 Review2.00%$500-$2,610
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Connexus Credit Union60 Month IRA Certificate With Active Checking (Traditional,Roth,CESA)14 Reviews2.00%$10k-$2,610
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Salem Five60 Month IRA Special (Traditional,CESA,Roth,SEP)3 Reviews2.00%$2,500-$2,610
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Oritani Bank5 Year IRA (Traditional,Roth,CESA)2.00%$1k-$2,602
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Valley National Bank5 Year IRA (Traditional,Roth,CESA)11 Reviews2.00%$250-$2,602
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Pinnacle Federal Credit Union60 Month IRA (Traditional,Roth,CESA)4 Reviews1.91%$500-$2,488
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Boiling Springs Savings Bank60 Month IRA (Traditional,Roth,SEP)2 Reviews1.90%$1k-$2,474
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Digital Credit Union60 Month IRA Certificate - Relationship Rate (Traditional,Roth,SEP,SIMPLE)8 Reviews1.86%$500-$2,420
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Atlantic Stewardship Bank60 Month IRA Power CD (Traditional,CESA,Roth)3 Reviews1.86%$500-$2,420
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First Technology Federal Credit Union60 Month IRA (Traditional,Roth,CESA)10 Reviews1.85%$500-$2,407
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Magyar Bank60 Month IRA2 Reviews1.85%$500-$2,407
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Northern Bank & Trust Company60 Month IRA (Traditional,Roth,CESA,SEP)1.85%$500-$2,407
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Andrews Federal Credit Union60 Month IRA Certificate (Traditional,Roth,CESA)9 Reviews1.81%$1k-$2,353
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Franklin Federal Savings Bank5 Year IRA Certificate (Traditional,Roth)1.81%$500-$2,346
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First Internet Bank of IN60 Month IRA (Traditional,Roth,CESA)1 Review1.80%--$2,339
DETAILS
Pen Air Credit Union60 Month IRA (Traditional,Roth,SEP,CESA)2 Reviews1.80%$500-$2,339
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Displaying 1-40 of 177 Results



5 Year IRA Rate Trend

5-Year IRA CD

What is an IRA CD?

IRA CD is an acronym for Individual Retirement Account Certificate of Deposit. Though a mouthful, this financial product could be a very useful component of a retirement investing strategy. The basic way to think of an IRA CD is to picture a CD cloaked inside of an IRA. The CD part is the agreement you make with a bank or credit union to deposit funds with them for a fixed period of time, and the IRA part serves as a tax shield or benefit that allows you to deduct the account principal from your taxes.

CD Strategy

The 5-Year IRA CD is still a time deposit that gains interest, like most other CD offerings. You can use it as the last rung on a CD ladder to reach for yield, and you could even mix CDs in that don’t have an IRA feature. The basic way to build a CD ladder is to buy multiple CDs or IRA CDs in a sequence of maturity periods, starting with a 1-year term and capping it with a 5-year term, for example. Laddering allows you to take advantage of changing interest rate environments without incurring early withdrawal penalties (by reserving the ability to reinvest CD funds every year), as well as keeps some funds liquid for use in the near future.

Types of IRAs

The IRA part of the CD means that, in order to reap the tax benefits, you must abide by the typical rules that govern the various retirement accounts. As you can see in the 5-Year IRA CD rate table above, there are offerings that cover the basic types of retirement accounts: Traditional, Roth, SEP (Simplified Employee Pension), CESA (Coverdell Education Savings Account). SEP IRA rules differ from Simple IRA rules and are not the same product. A Roth IRA 5-Year CD could be more beneficial than a Traditional IRA 5-Year CD, as far as liquidity, because the Roth IRA allows you to withdraw contributions at any time and for any reason. Use a Roth IRA calculator to determine whether it makes sense given your situation.

Contribution & Tax Rules

IRA contribution rules are set by the IRS each year and apply in the same way they would if you had an IRA without the CD. In most cases, you are not able to contribute additional funds to an open IRA CD, but you are able to have multiple open at the same time. The tax rules vary with each type of IRA, and you should speak with a tax professional before opening one to help maximize the benefit.

5-Year IRA CD rates, also known in the credit union world as 60 Month IRA Share Certificate rates, are usually similar to standard CD rates. Roth 5-Year IRA CD rates and Traditional 5-Year CD rates are the most common you will find in the rate table above.