bank rates

Leaders In 60-Month CD Rates Don’t Flinch

The top nationally available 5-year CD pay 2.20% APY.Just two banks are carrying the entire 60-month term. Unfortunately, their CD rates aren’t too strong.

Quaint Oak Bank ( leads the term on our CD Rates Leaderboard, paying 2.20% APY.

The suburban Philadelphia bank with a single location has held this rate for two months.

You’ll need to make a $500 minimum deposit to purchase this CD.

Next up is MainStreet Bank (, a northern Virginia bank that sells its CDs nationally through its airbanking website. It’s paying 2.15% APY and requires a $500 minimum deposit.

That rate has lasted nearly as long as Quaint Oak’s.

After that, we drop down a full tenth of a percentage point to 2.05% APY, offered by Kaiser Federal Bank (, which has nine branches in southern California and requires a $10,000 minimum deposit.

(Remember when that was a decent 36-month CD rate? I do. It was in June.)

Goldwater Bank (, which has a single location in Scottsdale, Ariz., is offering 2.01% APY and requires a $5,000 minimum deposit.

Three banks are paying 2.00% APY:

Intervest National Bank (, which has a single branch in New York City and six branches in Florida, and requires a $2,500 minimum deposit.

Country Bank (, which has 14 branches in central Massachusetts and requires a $500 minimum deposit.

Hudson City Savings Bank (, which has 130 branches in New Jersey, New York and Connecticut, and requires a $500 minimum deposit for anyone living in that tri-state area but a $5,000 minimum deposit for everyone else.

The current average yield offered by big banks and thrifts for the 60-month term is 1.19%.

These banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

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

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Comments (4)
1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 3.50 out of 5)
4 Existing Comments
  1. Mike Cetera said:
    on November 14th at 02:53 pm

    iGObanking has boosted its CD rates — giving it the best nationally available deal in the 60-month term:

  2. Kathy at Bankaholic said:
    on November 21st at 08:29 am

    Goldwater Bank and Intervest National Bank have dropped their 5-year rates to 1.99% APY.

  3. Kathy at Bankaholic said:
    on November 28th at 08:59 am

    Kaiser Federal’s rate has fallen to 1.65%, and the minimum deposit is now $1,000.

  4. Kathy at Bankaholic said:
    on December 5th at 08:40 am

    These rates are still available (except that Kaiser, Goldwater and Intervest’s rates are lower, as noted in previous comments).