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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
Service Credit Union5 Year IRA Certificate (Traditional, Roth, CESA)18 Reviews
MutualOne Bank61 Month IRA (Traditional, Roth)1 Review
Mountain America Credit Union60 Month IRA (Traditional, Roth)15 Reviews
Melrose Credit Union5 Year Share IRA Certificate (Traditional, Roth, CESA)20 Reviews
United States Senate FCU60 Month IRA (Traditional, Roth, SEP)1 Review
State Farm Bank60 Month IRA (Traditional, Roth)29 Reviews
Synchrony Bank60 Month IRA CD (Traditional, Roth)156 Reviews
GTE Financial60 Month IRA Certificate - Member Advantage (Traditional, CESA, Roth, SEP)12 Reviews
U S Postal Service FCU60 Month IRA (Traditional, Roth, CESA)1 Review
EverBank5 Year Yield Pledge IRA (Traditional, Roth)22 Reviews
Ally BankIRA High Yield 5-Year CD (Traditional, Roth, SEP)429 Reviews
First Internet Bank of IN60 Month IRA (Traditional, Roth, CESA)6 Reviews
Velocity Credit Union5 Year IRA Certificate Promotion (Traditional, Roth)3 Reviews
EECU60 Month Fixed IRA (Traditional, Roth, CESA, SEP)4 Reviews
Home Savings Bank60 Month Internet Only IRA
Bethpage FCU60 Month IRA (Traditional, Roth, SEP, SIMPLE)5 Reviews
Grow Financial FCU60 Month IRA Certificate12 Reviews
NuVision FCU5 Year IRA (Traditional, Roth, CESA, SEP)
Fort Knox FCU59 Month Rate Riser IRA Certificate (Traditional, Roth, CESA)18 Reviews
State Department FCU60 Month IRA Certificate (Traditional, Roth)4 Reviews
SCE FCU60 Month IRA (Traditional, Roth, CESA)1 Review
Blue FCU60 Month IRA - Sapphire (Traditional, Roth)7 Reviews
AgFed Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)
Credit Union of America60 Month IRA Certificate (Traditional, CESA, Roth)
RiverLand FCU60 Month IRA Certificate (Traditional, Roth, CESA)1 Review
American Bank60 Month CESA Promotion3 Reviews
Evansville Teachers FCU5 Year IRA (Traditional, Roth, CESA)1 Review
Wings Financial Credit Union5 Year Step Up Dividend Paid Quarterly IRA Certificate (Traditional, Roth, CESA)30 Reviews
Chartway FCU60-71 Month IRA (Traditional, Roth, CESA)20 Reviews
Lake Michigan Credit Union60 Month VIP IRA CD Special55 Reviews
People's Trust FCU60 Months IRA (Traditional, Roth, CESA, SEP)1 Review
Langley FCU60 Month IRA (Traditional, Roth)1 Review
Andrews FCU60 Month Jumbo IRA Certificate (Traditional, Roth, CESA)24 Reviews
Hope FCU60-Month IRA Certificate (Traditional, Roth)5 Reviews
Elements Financial5 Year IRA (Traditional, Roth, CESA)2 Reviews
Northrop Grumman FCU5 Year Term IRA (Traditional, Roth, CESA)1 Review
NBKC Bank60 Month CD (Traditional, Roth)
Xcel FCU60 Month CESA7 Reviews

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 rates and promotions displayed are gathered from various financial institutions and may not reflect all of the products 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 data or to request rates or promotions be included in this chart. We are not affiliated with the financial institutions listed here.

* The APY 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.