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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. Scroll down below the rate table or click here if you would like to read an overview of the IRA CD product category and some discussion of a common strategy around longer-term IRA CD products.

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141 Results

Nationwide Only
United States Senate FCU60 Month IRA (Traditional, Roth, SEP)5 Reviews
3.57%*
$20k-$4,807
Georgia Banking Company5 Year IRA Certificate (Traditional, Roth)
3.50%
$500-$4,692
Third Federal Savings and Loan (OH)59 Month IRA Special (Traditional, Roth, SEP)4 Reviews
3.50%
$100-$4,619
KS StateBank5 Year IRA - In Branch Only (Traditional, Roth)3 Reviews
3.49%
$500-$4,678
State Department FCU60 Month IRA Certificate (Traditional, Roth)6 Reviews
3.39%
$500-$4,548
Mountain America Credit Union5 Year IRA (Traditional, Roth)24 Reviews
3.35%
$500-$4,478
3.30%
--$4,419
Utah First FCU60 Month IRA (Traditional, Roth, CESA)2 Reviews
3.25%
$500-$4,348
Connexus Credit Union60 Month IRA Certificate (Traditional, Roth)31 Reviews
3.25%
$5k-$4,348
3.25%
$1k-$4,335
Superior Choice Credit Union5 Year IRA (Traditional, Roth)9 Reviews
3.25%*
$10k-$4,335
Service Credit Union5 Year IRA Certificate (Traditional, Roth, CESA)19 Reviews
3.25%
$1k-$4,335
Communitywide FCU60 Month IRA (Traditional, Roth)4 Reviews
3.20%
$2k-$4,277
3.20%
$1k-$4,264
3.15%*
$25k-$4,206
Synchrony Bank60 Month IRA CD (Traditional, Roth)295 Reviews
3.10%
$2k-$4,135
TIAA Bank5 Year Yield Pledge IRA (Traditional, Roth)11 Reviews
3.10%
$5k-$4,123
People's Trust FCU60 Month IRA (Traditional, Roth, CESA, SEP)2 Reviews
3.06%*
$25k-$4,078
AgFed Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)4 Reviews
3.05%
$1k-$4,064
Tampa Bay FCU60 Month IRA Certificate (Traditional, Roth, CESA)6 Reviews
3.05%*
$500-$4,064
3.05%
$25k-$4,064
GTE Financial60 Month Promotional IRA Certificate (Traditional, Roth, CESA, SEP)27 Reviews
3.04%
$500-$4,050
Wings Financial Credit Union5 Year Dividend Paid Quarterly IRA (Traditional, Roth, CESA)35 Reviews
3.03%*
$10k-$4,024
Market USA FCU60 Month Preferred IRA (Traditional, Roth, CESA)2 Reviews
3.01%
$500-$4,008
Capital One60 Month 360 IRA (Traditional, Roth)390 Reviews
3.00%
--$3,994
University FCU60 Month Fixed IRA (Traditional, Roth)12 Reviews
3.00%
$1k-$3,994
Sun East FCU60 Month IRA (Traditional, Roth)
3.00%
$500-$3,994
Xceed Financial FCU60 Month IRA (Traditional, Roth, CESA)16 Reviews
3.00%
$500-$3,994
Grow Financial FCU60 Month IRA Certificate15 Reviews
3.00%*
$500-$3,994
Quorum FCU60 Month IRA Term Savings (Traditional, Roth)8 Reviews
3.00%
$1k-$3,994
Salem Five60 Month IRA Special (Traditional, Roth, CESA, SEP)8 Reviews
3.00%
$2k-$3,994
American Bank60 Month Promo IRA (New Money) (Traditional, Roth, CESA)3 Reviews
3.00%
$250-$3,994
Discover Bank5 Year IRA (Traditional, Roth)204 Reviews
3.00%
$2.5k-$3,982
INOVA FCU5 Year IRA (Traditional, Roth, CESA)29 Reviews
3.00%
$200-$3,982
Credit Union of America5 Year IRA Certificate (Traditional, Roth, CESA)3 Reviews
3.00%
$500-$3,982
Signature FCU5 Year IRA Certificate (Traditional, Roth, CESA)5 Reviews
3.00%
$500-$3,982
Ally BankIRA High Yield 5-Year CD (Traditional, Roth, SEP)671 Reviews
3.00%*
--$3,982
Chartway FCU60-71 Month IRA (Traditional, Roth)27 Reviews
3.00%*
$500-$3,940
American Heritage FCU59 Month Bump-Up IRA (Traditional, Roth, CESA)3 Reviews
3.00%
$1k-$3,921
Interior FCU60 Month IRA Certificate (Traditional, Roth, CESA)
2.98%*
$500-$3,965

Displaying 1-40 of 141 Results


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.




* 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 feedback@depositaccounts.com 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.