6+ Year CD Rates

Compare rates on 6+ year CDs from banks and credit unions. Use the filter box below to customize your results. It is important to factor in the Early Withdrawal Penalty when choosing a long-term CD. Our EWP Calculator can help you determine the effective APY if you were to break the CD before maturity. Click here to read more about features and tips related to 6-year+ CDs.

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23 Results

Nationwide Only
PenFed Credit Union7 Year Money Market Certificate163 Reviews
SRP FCU7 Year Flex CD6 Reviews
AFFCU7 Year Share Certificate2 Reviews
Chartway FCU60-71 Month Share Certificate31 Reviews
Vio Bank120 Month High Yield Online CD91 Reviews
Flagstar Bank108-120 Month CD70 Reviews
MySavingsDirect60 - 120 Month My Term CD48 Reviews
Andrews FCU84 Month Share Certificate53 Reviews
Comerica Bank7-10 Year Fixed Rate CD21 Reviews
KeyBank10 Year Tiered CD55 Reviews
USAA Bank7 Year CD - Standard258 Reviews

Displaying 1-23 of 23 Results

6+ Year CD Rates

Investing in CDs can be a very useful component of a conservative investment growth strategy. Instead of the risk posed by bonds, which some would deem as the next level of investment, a bank or credit union certificate of deposit could generate a comparable return, especially those in the 6+ Year CD category (which are typically high yield CDs). As a time deposit, 6 or more years is considered a long time in the banking industry, so financial institutions are willing to pay the best CD rates currently available in exchange for your loaning them the money. There are several 7 year CDs and 10 Year CDs available in the rate table above, but rarely if ever will you find a longer term.

Variable Rate CDs

Individuals looking to invest in 6+ Year CDs may also be interested in those that feature variable rates. A variable-rate CD is a broad term for a CD whose interest rate is tied to (and determined by) a variable in the market like an index or U.S. Treasury Note rate. The structure of the interest rate schedule differs with each financial institution, but generally the schedule is predetermined so that the interest rate on the CD changes at set times. Depending on the variable tied to your 6+ Year CD, this feature could be a boon or drain on your savings. Doing your research on the underlying variable, such as the Dow Jones Industrial Average, is necessary to lower the risk of your mistiming the CD, or knowing when to close out an open CD and take the penalty.

Brokered CDs

Brokered CDs are offered by some financial institutions in order to provide a more aggressive CD investment strategy by finding the best interest rates available. For his or her services, a broker usually charges a nominal fee, but will (hopefully) always be on the lookout for the best rates and tell you when closing, opening, and reinvesting CDs are in your best interest.

Callable CDs

Also, make sure to read the fine print on any CD before you fund it, and be on the look out for a “callable” provision. Callable CDs are offered by banks and credit unions in order to hedge the amount of interest they may have to pay on a given CD. The terms of agreement would read something like: “XYZ Bank reserves the right to call, or close, this Certificate of Deposit after one year, or if the variable interest rate reaches a certain threshold.” Ensure that the CD you are opening is non-callable, so that you don’t miss out on any earning potential. Earnings on the principal amount of any CD you open are taxable as income, unless you put them in a tax-deferred IRA.

* 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.