bank rates

Earn 3.25% With Top 5-Year CD Rates

iGO Banking and Acacia Federal Savings Bank now have the best 5-year CD rates.

iGO Banking  and Acacia Federal Savings Bank now have the best 5-year CD rates

Both banks pay 3.25% APY with a:

  • $1,000 minimum deposit and 6-month early withdrawal penalty from iGoBanking, the online division of Flushing Savings Bank in New York.
  • $500 minimum deposit and 18-month early withdrawal penalty from Acacia Federal Savings, the online bank owned by Acacia Life Insurance Company, in Falls Church, Va.

They replace EverBank at the top of our rankings of nationally available 60-month CD rates. The Jacksonville, Fla.-based online bank reduced its rate from 3.26% APY to 3.22% APY.

Ally Bank continues to offer the best combination of good interest rate and lenient early withdrawal penalty for savers who want a 5-year certificate of deposit that can be redeemed after only one or two years and still earn more than the top-paying 12- or 24-month CDs.

Compare these returns with the best CD rates from scores of other banks in our extensive database.

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Comments (2)
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2 Existing Comments
  1. Mitch said:
    on May 18th at 06:29 pm

    For my money, I’d go with Ally Bank. You only lose a quarter point and the flexibility to bail at practically anytime is worth a lot more than that. This is practically like having a savings account that pays 3 percent. Try to find that anywhere these days.

  2. DealMaven said:
    on May 19th at 10:19 am

    You can take iGO Banking off the list. Today the yield on the 60-month CD plunged to 1.0% from 3.25% yesterday. That’s got to be one of the steepest one-time rate cuts we’ve ever seen.