Best 5-Year CD Rates

Having an effortless option to store your money and a guaranteed rate of return can give you peace of mind in these uncertain times. And with the best five-year CD rates, you can earn a healthy rate of return and outpace inflation.

They're perfect for savers who need a less risky way to meet saving goals. Whether it's saving for a trip around the world, life during retirement or helping your child pay for college or save for a down payment on a home, a longer-term CD can help you get there.

Best of all, if you lock in one now, you won't have to worry about future rate cuts.

Top 5-year CD rates

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Account	APY	Min. Deposit
SchoolsFirst Federal Credit Union	4.00%	$500
Marcus by Goldman Sachs	3.90%	$500
MYSB Direct	3.80%	$500
Credit Human	3.75%	$500
EFCU Financial	3.75%	$500

Why open a five-year CD?

A CD gives you one significant advantage over a savings account: It comes with a fixed interest rate. It means when you sign up for an account, the rate you have will be carried throughout the term.

This is integral, given the current direction the economy heads. The Federal Reserve cut three times to end 2025, which resulted in lower APYs. It refrained from cutting rates at its January meeting, though it might cut rates again later this year.

When the Fed cuts rates, it impacts savers with lower returns. The only way to maintain higher returns is by locking in a CD when the rates are higher, as they are now.

Pros and cons of CDs

Pros:

CDs offer guaranteed returns on deposits
Fixed rates on CDs mean that even if rates fall, the APY on your account will remain the same since it's fixed
Most CD accounts from banks and credit unions are federally insured for up to $250,000
Since you can only withdraw funds when your CD account matures, you won't be tempted to spend your money elsewhere

You can use the tool below — powered by Bankrate — to compare CD rates below.

Cons:

If you want to access your money before your term expires, your penalty fee might negate the interest earned.
Upon maturity, the purchasing power of the money earned from your CD might be less due to inflation.
You could earn more money with other investment opportunities, see a few options below:

How much can I earn with a five-year CD?

I'll use our top pick, SchoolsFirst Federal Credit Union, for this example. It currently offers an APY of 4.00%. Here's how much you can earn with the following deposits over five years:

$10,000: $2,166.53 in earned interest
$25,000: $5,416.32 in earned interest
$50,000: $10,832.65 in earned interest
$100,000: $21,665.29 in earned interest

Bottom line on the best 5-year CD rates

Now is the time to lock in a great return, while rates are still high. The Fed didn't cut rates at its January meeting, giving savers more time to secure a higher APY.

Locking in a rate now ensures you keep your earnings ahead of inflation. And it's a great way to reach longer savings goals, risk-free.

Sean is a veteran personal finance writer, with over 10 years of experience. He's written finance guides on insurance, savings, travel and more for CNET, Bankrate and GOBankingRates.

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