bank rates

5-Year CD Rates Roundup: Take Home 2.45% Nationally, 2.71% Locally

Looking for the best 5-year CD rates? Right now the best you can earn nationally is 2.45% from Capital One 360.

That beats the 2.27% you could earn from the top 5-year CD rates at this time last year.

Fortunately, you can almost always find some better-than-average local deals.

And keep in mind that rates change daily, which is why it’s always a good idea to check Bankrate’s extensive database of the day’s best CD rates.

The top national yields

Capital One is the notable outlier in the 5-year CD category, offering 2.45% with no minimum.

But Popular Direct and GS Bank are also worth consideration. Both are offering 2.40% APY. You’ll pay a hefty $10,000 minimum deposit amount to open an account at Popular Direct. At GS Bank, you’ll only pay a $500 minimum.

New on our list this month is AAA, which is paying a solid 2.35% with a $1,500 minimum.

Top Nationally Available 5-Year CD Rates

Bank Yield Minimum Deposit
Capital One 360 2.45% $0
Popular Direct 2.40% $10,000
GS Bank 2.40% $500
AAA 2.35% $1,500
Synchrony Bank 2.35% $25,000
Barclays 2.35% $0
PenFed 2.27% $1,000
Ally Bank 2.25% $0
Bank of Internet USA 2.25% $1,000

How to earn more locally

Bankaholic readers know we track much more than the best nationally available bank returns.

That’s because there’s always a crop of community banks and credit unions offering more attractive deals.

They generally take deposits only from savers who live or work nearby, or are willing to jump through a membership hoop.

Pelican State Credit Union is offering 2.71% APY with a $500 minimum deposit, for example. And several credit unions and local banks are offering 2.50% APY or better.

Top Local 5-Year CD Rates

Bank State APY Min Deposit
Pelican State Credit Union Louisiana 2.71% $500
General Electric Credit Union Ohio, Indiana, Kentucky 2.50% $500
Bank of Utica New York 2.50% $500
Cottonwood Community Federal Credit Union Idaho 2.50% $500
Ukrainian Selfreliance Federal Credit Union Pennsylvania, New Jersey 2.40% $500
Cove Federal Credit Union Kentucky 2.25% $1,000

See what you’ll earn with these deals by using our CD Rate Calculator.

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Comments (1)
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One Existing Comment
  1. cumulus said:
    on May 3rd at 09:24 pm

    Excellent 5-year CD summary & commentary. Thank you.