5 Year CD Rates

Compare rates on 5 year CDs from banks and credit unions. Use the filter box below to customize your results. Also, try our EWP Calculator to help you determine the effective APY if you decided to break the CD before maturity, or click here to read about other tips for utilizing longer-term CDs like the 5-year CDs listed below.

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Include credit unions with membership based on any industries that you or immediate family members currently or have previously worked in:

174 Results

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Nationwide Only
3.21%
MIN TO
EARN
MIN TO EARN:$5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$4,279
3.00%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,982
2.81%
MIN TO
EARN
MIN TO EARN:$25k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,716
Popular Direct5 Year Popular Direct CD97 Reviews
2.80%
MIN TO
EARN
MIN TO EARN:$10k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,702
2.80%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:$1m
EST.
EARN 🛈
EST. EARN:$3,702
2.75%
MIN TO
EARN
MIN TO EARN:$2.5k

MAX
MAX:$250k
EST.
EARN 🛈
EST. EARN:$3,632
Crescent Bank60 Month CD - New Money
2.75%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,632
2.72%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:$250k
EST.
EARN 🛈
EST. EARN:$3,590
2.70%
MIN TO
EARN
MIN TO EARN:$5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,562
2.60%
MIN TO
EARN
MIN TO EARN:-

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,423
Bread Financial5 Year Bread Savings CD8 Reviews
2.55%
MIN TO
EARN
MIN TO EARN:$1.5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,354
Barclays60 Month Online CD226 Reviews
2.55%
MIN TO
EARN
MIN TO EARN:-

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,354
2.55%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:$1m
EST.
EARN 🛈
EST. EARN:$3,354
2.53%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,327
2.50%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,285
2.45%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,112
Genisys Credit Union61 Month Share Certificate Special14 Reviews
2.40%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,212
2.30%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,010
AgFed Credit Union60 Month Certificate5 Reviews
2.30%
MIN TO
EARN
MIN TO EARN:$250

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$3,010
M.Y. Safra Bank60 Month MYSB Direct Online CD6 Reviews
2.27%
MIN TO
EARN
MIN TO EARN:$750

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,969
Capital One60 Month 360 CD467 Reviews
2.25%
MIN TO
EARN
MIN TO EARN:-

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,942
2.25%
MIN TO
EARN
MIN TO EARN:$1

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,942
Alliant Credit Union60 Month Jumbo Share CD64 Reviews
2.25%
MIN TO
EARN
MIN TO EARN:$25k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,942
2.20%
MIN TO
EARN
MIN TO EARN:$5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,874
2.15%
MIN TO
EARN
MIN TO EARN:$2.5k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,806
2.15%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,806
First Central Savings Bank60 Month eCD (Online Only)1 Review
2.12%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,765
2.07%*
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,697
Interior FCU60 Month Share Certificate3 Reviews
2.03%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,643
2.02%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,629
2.00%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,602
Ally Bank5 Year High Yield CD786 Reviews
2.00%
MIN TO
EARN
MIN TO EARN:-

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,602
2.00%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,602
2.00%
MIN TO
EARN
MIN TO EARN:$2k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,602
Communitywide FCU60 Month Share Certificate9 Reviews
2.00%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,602
2.00%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,575
MySavingsDirect60 - 120 Month My Term CD48 Reviews
2.00%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,575
Credit Human60-83 Month CD 7 Reviews
2.00%
MIN TO
EARN
MIN TO EARN:$1k

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,575
1.91%
MIN TO
EARN
MIN TO EARN:$500

MAX
MAX:-
EST.
EARN 🛈
EST. EARN:$2,480

Displaying 1-40 of 174 Results


Understanding the DepositAccounts 5-Year Online CD (5YrOCD) Index

The 5-Year Online CD (5YrOCD) Index is intended to provide a representative yield that’s available from today’s 5-year online CDs. The Index is the average yield of ten mature 5-year online CD accounts from well-established online banks. To be included in the Index, the 5-year online CD must have at least two years of history with yields that have remained competitive.

Changes in the 5YrOCD Index over the last two years are tracked and compared to the federal funds target rate and to the yields of 5-year Treasury note. Long-term CD rates are affected more by economic expectations that are often first seen in Treasury note yields than they are by the federal funds rate which is a short-term interest rate benchmark.

Recent Changes in the DepositAccounts 5-Year Online CD (5YrOCD) Index

The average 5-year online CD yield had three straight months of gains. For the first three months of 2022, the average has increased 37.4 basis points. The average increased 15.6 basis points, from 1.075% on March 1, 2022 to 1.231% on April 1, 2022. This average is based on the 5YrOCD Index which is the average yield of ten 5-year online CDs from well-established online banks.

In 2021, 5-year online CD yields changed little until November. From January through the end of October, the 5YrOCD Index increased by only 1.9 basis points. Then in November, the Index gained 15.2 basis points. November 2021 marked a turning point for CD rates indicating that we were past the rate bottom.

In March 2020 when the coronavirus pandemic started to have a major impact on the economy, Treasury yields fell to record low levels and the federal funds rate was lowered to near zero by two emergency FOMC meetings. Banks started responding to the new environment with large reductions to CD rates. The largest declines occurred during the first nine months of the pandemic, from March through November 2020. During this period, the 5YrOCD Index fell by more than 145 basis points.

Although 5-year online CD yields had large declines in 2020, they had maintained a sizable yield advantage over 5-year Treasury notes. This yield advantage disappeared in March 2021. From March 2021 through March 2022, the 5-year Treasury note has held a yield advantage over the average 5-year online CD. The advantage increased significantly in 2022 due to a large yield gain in the 5-year Treasury note.

Before 2021, the 5-year Treasury yield had not exceeded the 5YrOCD Index since 2018. The 5YrOCD Index started to fall from its peak of 3.19% in January 2019. The 5-year Treasury yield started to fall from its peak of 2.96% in November 2018. This was several months before the first Fed rate cut on July 31, 2019.

During 2018 when interest rates were rising, the yields of 5-year online CDs and 5-year Treasury notes were comparable. Both increased during this time. Sometimes CD yields were higher, and sometimes Treasury yields were higher.

After these yields peaked near the end of 2018, the 5-year Treasury yields experienced much faster and larger declines than online CD yields. For example, in December 2018 the 5YrOCD Index exceeded the 5-year Treasury yield by 35 basis points. By January 2019, this difference had increased to 69 basis points. During 2019, the 5YrOCD Index exceeded the 5-year Treasury yield in a range of 52 to 116 basis points. In the first half of 2020, the yield margin widened, and it was the widest on March 1, 2020 when the 5YrOCD Index exceeded the 5-year Treasury yield by 126 basis points. As online 5-year CD rates fell in 2020, this lead diminished. This lead further diminished in 2021 as long-dated Treasury yields increased, and by March 1, 2021, The 5-year Treasury yield overtook the 5YrOCD Index. As of April 1, 2022, the 5-year Treasury yield leads the 5YrOCD Index by 132 basis points.

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.

5-Year CD Rate History – Average APY (%) Rate Trend over Time

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.




* The APY (Annual Percentage Yield) shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.