bank rates

New Leader In National 5-Year CD Rates

As expected, Live Oak Bank is no longer offering the top nationally available 60-month return on our CD Rates Leaderboard.

For less than a week, Live Oak offered 2.50% APY on 5-year CDs – the best national deal in three-and-a-half years.

But the bank, which has a single branch in Wilmington, North Carolina, always said that return would expire Sunday – and it did. Today, Live Oak is paying just 1.50% APY.

But on Friday, EverBank raised its 60-month yield to 2.33% APY.

That beat the quartet of banks paying 2.25% APY and became the best national deal today.

Based in Jacksonville, Florida, and serving customers online and at branches throughout the Sunshine State, EverBank requires a modest $1,500 minimum deposit for all of its certificates of deposit.

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