Best 5 Year CD Rates
Compare current 5 year certificate of deposit offers by APY, minimum deposit, and bank.
Certificate of Deposit (CD) Rates
Overall rates across all banks and terms.
| Bank | Term | APY | Min. Deposit | Action | Compare |
|---|---|---|---|---|---|
MS | 5 years | 4.40% | $1,000 | ||
| 5 years | 4.20% | $25,000 | |||
| 5 years | 4.10% | $0 | |||
| 5 years | 4.05% | $1,000 | |||
| 5 years | 4.00% | $500 | |||
| 5 years | 3.80% | $2,500 | |||
| 5 years | 3.75% | $0 | |||
| 5 years | 3.65% | $1,000 | |||
| 5 years | 3.60% | $0 | |||
| 5 years | 3.40% | $0 | |||
| 5 years | 3.40% | $500 | |||
| 5 years | 3.35% | $500 | |||
| 5 years | 3.25% | $1,000 | |||
| 5 years | 3.00% | $0 | |||
| 5 years | 3.00% | $0 | |||
| 5 years | 2.95% | $500 | |||
| 5 years | 2.90% | $1,000 | |||
| 5 years | 2.76% | $1,000 | |||
| 5 years | 2.75% | $5,000 | |||
| 5 years | 2.75% | $100 |
About CDs
CDs offer fixed interest rates for a specified term. Early withdrawal may result in penalties, and FDIC insurance generally applies up to $250,000 per depositor, per insured bank, per ownership category.
How rates actually compare
Why big banks pay almost nothing — and where your cash should be
Rates as of April 2026. HYSA and CD rates change with Fed policy.
Key things to know
Before you move money, understand these four points
FDIC insured up to $250K
Your deposits at any FDIC member bank are insured up to $250,000 per account category. This means zero risk of losing money in a bank failure — regardless of market conditions.
APY compounds daily in most HYSAs
Daily compounding means you earn interest on your interest every single day, slightly boosting your effective yield above the stated rate. This is why APY is always slightly higher than APR.
CD early withdrawal penalties are real
Most CDs charge 60–180 days of interest if you withdraw before maturity. A 5.25% APY CD with a 180-day penalty could net you less than a HYSA if you exit at 3 months.
Savings rates are variable
Unlike CDs, HYSA rates move with the Federal Reserve's rate decisions. When the Fed cuts rates, your HYSA yield falls — usually within 30 days.
What is a CD?
A Certificate of Deposit (CD) is a federally insured savings product offered by banks and credit unions. You deposit a lump sum for a fixed term — anywhere from 3 months to 5 years — and earn a guaranteed, fixed interest rate. At maturity you receive your principal plus all accumulated interest.
FDIC Insured
Up to $250,000
Fixed Terms
3 months – 5 years
Locked-in APY
No rate risk
Best Rate Today
Up to 5.05% APY
CD vs. High-Yield Savings Account
Both are safe, FDIC-insured ways to grow your savings — but they serve different purposes.
| Feature | CD | HYSA |
|---|---|---|
| Interest rate | Fixed for full term | Variable — changes anytime |
| Access to funds | Locked until maturity | Withdraw anytime |
| Early withdrawal | Penalty applies | No penalty |
| Typical APY (2026) | 4.50%–5.05% | 4.50%–4.85% |
| FDIC/NCUA insured | Yes (up to $250K) | Yes (up to $250K) |
| Best for | Money you won't need soon | Emergency fund / flex savings |
Choose a CD when…
- • You won't need the money for 6–60 months
- • You want to lock in today's high rates
- • You're building a predictable savings plan
- • You want slightly higher guaranteed returns
Choose a HYSA when…
- • You need flexibility to access funds anytime
- • You're building your emergency fund
- • You're unsure of your timeline
- • You expect rates to keep rising
CD Ladder Strategy
Instead of putting all your money in one CD, a CD ladder splits it across multiple terms. As each CD matures you reinvest — giving you regular liquidity while earning competitive long-term rates.
CD Ladder Preview
Total interest earned
+$1588
Blended APY
5.08%
Each CD
$5,000
Frequently Asked Questions
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