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What is the best 5-year CD rate?
Do 5 year CDs pay higher APY?
Is a 5-year CD a good investment?
Which banks offer the best five-year CD rates?
- Comenity Direct CD. 4.5. Minimum Balance. $1,500. Member FDIC. 0.90% With $1,500 minimum balance. Learn more. at Comenity Direct, Member FDIC. Why we like it.
- Discover Bank CD. 4.0. Minimum Balance. $2,500. Member FDIC. 0.60% With $2,500 minimum balance. Learn more. at Discover Bank, Member FDIC. Why we like it.
- Consumers Credit Union CD. 4.0. Minimum Balance. $250. Federally insured by the NCUA. 0.70% With $250 minimum balance. Read review. Why we like it.
- Live Oak Bank CD. 4.0. Minimum Balance. $2,500. Member FDIC. 0.70% With $2,500 minimum balance. Read review. Why we like it. Live Oak Bank has competitive CD rates, though they come with a relatively high opening minimum.
Bankrate’s picks for the top 5-year CD rates. First Internet Bank of Indiana — 4.50% APY, $1,000 minimum deposit; SchoolsFirst Federal Credit Union — 4.35% APY, $500 minimum deposit
May 28, 2024 · The current national average rate for a five-year CD is 1.40% as of May 20, 2024, according to the FDIC. This represents the average across all banks and credit unions that provide data. However ...
- Cassidy Horton
- A CD, or certificate of deposit, is a time deposit account. A bank or credit union holds your money in a CD or certificate for a set term and offer...
- The best five-year CDs offer rates four times the national average or more. According to the FDIC, the national average rate for five-year CDs is 1...
- Forbes Advisor’s Best CD Rates Of 2023 ranks CDs that have attractive APYs and other features. CD and share certificate rates change frequently. Tr...
- Yes, so long as you deposit your money with a bank insured by the Federal Deposit Insurance Corporation (FDIC) or a credit union insured by the Nat...
- Do your homework. Banks and credit unions offer a wealth of information on their personal banking services via their websites, apps and customer se...
- As is true with any investment, your best CD is the one that aligns best with your savings goals and financial needs. A shorter-term CD or certific...
- There’s no way to predict for sure how high five-year CD rates will go. Right now, First National Bank of America has one of the best five-year CD...
May 21, 2024 · CD rates went up with the Fed hikes, and some of the highest-earning 1-year CD accounts offer APYs of over 5%, while some of the best 5-year CD rates are above 4%. However, as the Fed ends its...
2 days ago · The best 5-year CD rate is 4.80% APY from BMO Alto. To find you the highest 5-year CD rates nationwide, we review CD rates from hundreds of banks and credit unions every day. CD terms of...
- Sabrina Karl
2 days ago · Best for 5-Year CDs: First National Bank of America Certificates of Deposit — 4.50% APY. Best for 7-Year CDs: PenFed Credit Union Money Market Certificates — 3.00% APY. Best for...
2 days ago · Best 5-year CD rates. Barclays Online certificates of deposit. Learn More. On Barclays’ website. BLUEPRINT RATING. Our ratings are calculated based on fees, rates, rewards and other...
