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Best 5-year CD rates for August 2026

Written by
Karen Bennett
Edited by
Rhys Subitch
Reviewed by
Allyson Johnson
Expert verified

Rates updated between Aug. 19 and Aug. 25

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A certificate of deposit (CD) allows you to stash away cash and earn a fixed rate of interest for a set period. In exchange for handing over your money for a specified, longer term, you usually earn a higher interest rate than you might get with a normal savings account. For example, a five-year CD can earn a higher — and guaranteed — rate than a typical savings account.

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Table of contents

Bankrate's picks for top 5-year CD rates

Note: Annual percentage yields (APYs) shown were updated between Aug. 19 and Aug. 25, 2026. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

BTG Pactual Bank_logo

BTG Pactual Bank

Rating: 4.1 stars out of 5
4.1 Bankrate CD score

  • Annual percentage yield

    4.40%

  • Min. deposit to open

    $500

  • Term

    5 years

Why BTG Pactual Bank?

BTG Pactual (formerly M.Y. Safra Bank) offers customers nationwide access to nine traditional CDs and a 13-month no-penalty CD. All the CDs earn competitive rates, including the five-year option, and most require a minimum opening deposit of $500. Customers can also open an interest-bearing checking account and a money market account online.

  • Term APY Min. deposit
    3 months 3.35% APY $500
    6 months 4.00% APY $500
    9 months 4.10% APY $500
    1 year 4.30% APY $500
    18 months 4.30% APY $500
    2 years 4.30% APY $500
    3 years 4.30% APY $500
    4 years 4.40% APY $500
    5 years 4.40% APY $500
Sallie Mae_logo

Sallie Mae

Rating: 4.2 stars out of 5
4.2 Bankrate CD score

  • Annual percentage yield

    4.40%

  • Min. deposit to open

    $2,500

  • Term

    5 years

Why Sallie Mae?

Sallie Mae Bank offers 11 CD terms, ranging from six months to five years, and many of them come with competitive yields. Each requires a $2,500 minimum deposit, which is higher than that of some other banks. Sallie Mae also offers a high-yield savings account and a money market account, both of which earn strong yields.

  • Term APY Min. deposit
    6 months 3.20% APY $2,500
    9 months 3.20% APY $2,500
    11 months 4.10% APY $2,500
    1 year 4.20% APY $2,500
    13 months 4.20% APY $2,500
    15 months 4.30% APY $2,500
    18 months 4.30% APY $2,500
    2 years 4.35% APY $2,500
    30 months 4.35% APY $2,500
    3 years 4.40% APY $2,500
    5 years 4.40% APY $2,500
E*TRADE_logo

E*TRADE

Rating: 4.5 stars out of 5
4.5 Bankrate CD score

  • Annual percentage yield

    4.35%

  • Min. deposit to open

    $0

  • Term

    5 years

Why E*TRADE?

The five-year CD from E*TRADE from Morgan Stanley earns a competitive yield, as do its six other CD terms that range between six months and three years. There's no set minimum deposit amount for any of the CDs, including the five-year option. The bank also offers a high-yield savings account, an interest-bearing checking account and brokerage accounts, making it an option for those who prefer to have their banking and investing accounts in one place.

  • Term APY Min. deposit
    6 months 4.05% APY No minimum
    1 year 4.15% APY No minimum
    2 years 4.30% APY No minimum
    3 years 4.35% APY No minimum
    5 years 4.35% APY No minimum
Synchrony Bank_logo

Synchrony Bank

Rating: 4.8 stars out of 5
4.8 Bankrate CD score

  • Annual percentage yield

    4.35%

  • Min. deposit to open

    $0

  • Term

    5 years

Why Synchrony Bank?

Synchrony Bank offers competitive yields across nine CD terms ranging from three months to five years. It also offers a two-year bump-up CD. If you're looking for a little more liquidity, Synchrony also has a money market account and a savings account that both have a competitive APY and have no minimum balance requirement.

  • Term APY Min. deposit
    3 months 0.25% APY No minimum
    6 months 4.10% APY No minimum
    9 months 3.90% APY No minimum
    1 year 4.10% APY No minimum
    14 months 4.15% APY No minimum
    16 months 4.30% APY No minimum
    18 months 4.25% APY No minimum
    2 years 4.25% APY No minimum
    3 years 4.30% APY No minimum
    4 years 4.00% APY No minimum
    5 years 4.35% APY No minimum
Bread Savings_logo

Bread Savings

Rating: 4.1 stars out of 5
4.1 Bankrate CD score

  • Annual percentage yield

    4.25%

  • Min. deposit to open

    $1,500

  • Term

    5 years

Why Bread Savings?

Bread Savings is an online-only bank that offers a high-yield savings account and nine CD terms, ranging from three months to five years. Each term earns a competitive yield, but you'll need at least $1,500 to open a CD.

  • Term APY Min. deposit
    3 months 3.80% APY $1,500
    6 months 4.00% APY $1,500
    6 months 4.00% APY $1,500
    9 months 4.25% APY $1,500
    1 year 4.15% APY $1,500
    18 months 4.35% APY $1,500
    2 years 4.25% APY $1,500
    3 years 4.25% APY $1,500
    4 years 4.25% APY $1,500
    5 years 4.25% APY $1,500
TAB Bank_logo

TAB Bank

Rating: 4.4 stars out of 5
4.4 Bankrate CD score

  • Annual percentage yield

    4.20%

  • Min. deposit to open

    $1,000

  • Term

    5 years

Why TAB Bank?

TAB Bank has six standard CD terms that range from one to five years, and each requires a $1,000 minimum opening deposit. Alongside CDs, the bank provides an online savings account, money market account and checking account.

  • Term APY Min. deposit
    1 year 4.05% APY $1,000
    18 months 4.10% APY $1,000
    2 years 4.15% APY $1,000
    3 years 4.20% APY $1,000
    4 years 4.20% APY $1,000
    5 years 4.20% APY $1,000
First National Bank of America_logo

First National Bank of America

Rating: 4.3 stars out of 5
4.3 Bankrate CD score

  • Annual percentage yield

    4.20%

  • Min. deposit to open

    $1,000

  • Term

    5 years

Why First National Bank of America?

First National Bank of America maintains just three branches, all in Michigan, but its CDs and savings account can be opened online. Its five-year CD earns a competitive yield, as do its 13 other CD terms, which range from three months to 10 years and a minimum deposit of $1,000. The bank's savings account also earns a rate that's well above the national average.

  • Term APY Min. deposit
    3 months 3.60% APY $1,000
    6 months 3.85% APY $1,000
    1 year 4.00% APY $1,000
    18 months 4.20% APY $1,000
    2 years 4.00% APY $1,000
    3 years 4.00% APY $1,000
    4 years 4.20% APY $1,000
    5 years 4.20% APY $1,000
    6 years 4.00% APY $1,000
    7 years 4.05% APY $1,000
    8 years 4.05% APY $1,000
    9 years 4.05% APY $1,000
    10 years 4.40% APY $1,000
Quorum Federal Credit Union_logo

Quorum Federal Credit Union

Rating: 4.4 stars out of 5
4.4 Bankrate CD score

  • Annual percentage yield

    4.15%

  • Min. deposit to open

    $100

  • Term

    5 years

Why Quorum Federal Credit Union?

Quorum offers 11 term savings accounts — another name for CDs — with terms from three months to five years. Many earn above-average rates, including the five-year option, and each requires a minimum deposit of $100. Among Quorum’s various savings accounts is a high-yield one with no minimum deposit requirement.

  • Term APY Min. deposit
    3 months 1.75% APY $100
    6 months 4.30% APY $100
    1 year 4.35% APY $100
    2 years 3.00% APY $100
    3 years 3.00% APY $100
    4 years 4.15% APY $100
    5 years 4.15% APY $100
Marcus by Goldman Sachs_logo

Marcus by Goldman Sachs

Rating: 4.8 stars out of 5
4.8 Bankrate CD score

  • Annual percentage yield

    4.00%

  • Min. deposit to open

    $500

  • Term

    5 years

Why Marcus by Goldman Sachs?

Marcus by Goldman Sachs offers customers access to around 10 traditional CD terms, three no-penalty CDs and a 20-month rate-bump CD. All the CDs have solid yields and only require a $500 minimum opening deposit. Customers also have access to a high-yield savings account with a decent yield.

  • Term APY Min. deposit
    6 months 3.95% APY $500
    7 months 3.75% APY $500
    9 months 4.10% APY $500
    11 months 4.00% APY $500
    1 year 3.90% APY $500
    13 months 3.80% APY $500
    18 months 4.30% APY $500
    20 months 3.75% APY $500
    2 years 4.30% APY $500
    3 years 4.00% APY $500
    4 years 4.00% APY $500
    5 years 4.00% APY $500
    6 years 4.00% APY $500
Colorado Federal Savings Bank_logo

Colorado Federal Savings Bank

Rating: 4.2 stars out of 5
4.2 Bankrate CD score

  • Annual percentage yield

    3.80%

  • Min. deposit to open

    $5,000

  • Term

    5 years

Why Colorado Federal Savings Bank?

Colorado Federal Savings Bank’s offerings are available to customers across the U.S., including its seven traditional CD terms. These all earn high yields, including the five-year option. The $5,000 minimum deposit requirement is higher than that of some banks. Colorado Federal also offers a no-penalty CD and two competitive savings accounts.

  • Term APY Min. deposit
    3 months 3.65% APY $5,000
    6 months 4.00% APY $5,000
    1 year 4.10% APY $5,000
    18 months 4.05% APY $5,000
    2 years 4.00% APY $5,000
    3 years 3.95% APY $5,000
    5 years 3.80% APY $5,000
Alliant Credit Union_logo

Alliant Credit Union

Rating: 4.5 stars out of 5
4.5 Bankrate CD score

  • Annual percentage yield

    3.65%

  • Min. deposit to open

    $1,000

  • Term

    5 years

Why Alliant Credit Union?

Alliant Credit Union was founded in 1935 as the United Airlines Employees’ Credit Union. It is one of the largest credit unions in the nation and has 900,000 members nationwide. Alliant offers eight standard terms of CDs with competitive APYs and a reasonable minimum deposit requirement. It also offers IRA CDs, a high-yield savings account and a high-yield checking account.

  • Term APY Min. deposit
    3 months 3.10% APY $1,000
    6 months 3.60% APY $1,000
    1 year 4.10% APY $1,000
    18 months 3.60% APY $1,000
    2 years 3.60% APY $1,000
    3 years 3.60% APY $1,000
    4 years 3.65% APY $1,000
    5 years 3.65% APY $1,000
Capital One_logo

Capital One

Rating: 4.6 stars out of 5
4.6 Bankrate CD score

  • Annual percentage yield

    3.60%

  • Min. deposit to open

    $0

  • Term

    5 years

Why Capital One?

Capital One has nine standard CD terms with solid yields, and requires no minimum opening deposit. Beyond CDs, Capital One also offers high-yield savings accounts and checking accounts. If you want to keep all of your banking in one place, Capital One has loans and credit cards that may fit your additional financial needs.

  • Term APY Min. deposit
    6 months 3.30% APY No minimum
    9 months 3.75% APY No minimum
    1 year 4.00% APY No minimum
    18 months 3.60% APY No minimum
    2 years 3.50% APY No minimum
    30 months 3.50% APY No minimum
    3 years 3.50% APY No minimum
    4 years 3.50% APY No minimum
    5 years 3.60% APY No minimum

Recent news about CD rates

Banks often increase their APYs when officials hike the federal funds rate, and likewise, they may lower their APYs when the Fed cuts its benchmark rate. Annual percentage yields (APYs) on competitive five-year CDs have been declining in recent years in response to six Federal Reserve rate cuts in 2024 and 2025. That said, it’s still possible to lock in an APY near 4.00% on a five-year term.

Based on data from CME FedWatch, experts predict the Fed will hold the federal funds rate steady in the remainder of 2026. This could spell stability for APYs on five-year CDs and other terms.

How to find the best 5-year CD rates

Before locking your money away in a five-year CD, it pays to find one that’s earning a top APY. While the national average APY for five-year CDs is 1.74%, top APYs are significantly higher. Online banks and credit unions often have some of the best options.

  • Online-only banks: These commonly pay greater APYs than brick-and-mortar banks. Be sure your money is safe by choosing a bank that’s a member of the Federal Deposit Insurance Corporation (FDIC).You can find out if a bank is FDIC-insured by using the BankFind Suite tool.
  • Credit unions: As not-for-profit institutions, credit unions commonly share profits with members in the form of high APYs. Like with banks, it’s important to choose a credit union with federal deposit insurance. Credit unions can be insured by the National Credit Union Administration (NCUA).

In addition to the APY, also consider minimum deposit requirements and what the penalty would be should you need to withdraw your money early.

Best 5-year CD rates at credit unions

If you’re considering a credit union for its high rates, check if you qualify to join, since some limit membership to those who live in certain regions or work at certain companies. If you can meet the membership eligibility requirements, these credit unions may net you a competitive yield.

  • America First Federal Credit Union: 4.10% APY for a five-year CD. To join America First, you must live, work, attend church, volunteer or attend school in certain western states, or be a member of certain employers or affiliated associations, among other criteria.
  • SchoolsFirst Federal Credit Union: 3.90% APY for a five-year CD with a $500 minimum balance. Membership is open to California school employees or their family members.
  • Security Service Federal Credit Union: 3.65% APY for a five-year CD with a $500 minimum deposit. To join Security Service, you must live, work, attend church, attend school, volunteer or have a business in Texas, Colorado or Utah. You can also join if you're a member of the military or a Department of Defense employee.
  • The Golden 1 Credit Union: 3.55% APY for a five-year CD with a minimum deposit of $500. Eight CD terms are offered between three months and five years. To join Golden 1, you must live or work in California. It maintains more than 80 branches throughout the state.

APYs are current as of May 26, 2026.

What to consider when choosing a CD

Consider these things to help you choose the right CD:

  • Early withdrawal penalties: Know what penalties may be incurred should you withdraw your money before the CD matures.
  • Minimum required deposit: Many CDs require a minimum amount of money to open.
  • APY: This shows how much interest you’ll earn in a CD in one year, including the effect of compound interest.
  • Term: The length of time required to earn interest on your money. Generally, it’s a good idea to choose a CD with a shorter term than when you expect to need your money. For example, if you need access to the funds in about two years, an 18-month CD may be a good choice.
  • Insurance: Make sure the CD is offered by an FDIC-insured bank or at an NCUA credit union.

When should you get a 5-year CD?

For those with a longer financial horizon and no need to access funds at a moment’s notice, a five-year CD can be a great choice. Because they earn a guaranteed rate for the whole term, five-year CDs are suitable for those who want to grow some of their savings over a half-decade, without the volatility associated with stocks or mutual funds. 

CDs typically come with penalties for early withdrawal, so they’re best for those who are confident they won’t need to access their funds in the interim. If there’s a chance you’ll need the money for unexpected expenses or opportunities, it might be wise to explore more liquid accounts such as the best high-yielding savings accounts.

Alternatively, you could invest some money in a five-year CD and some in shorter-term CDs to build a CD ladder, ensuring that a portion of your savings will be accessible in the shorter term. A CD ladder staggers maturities and APYs, giving you the opportunity to earn long-term high yields and still have access to some cash at set intervals.

Economic conditions continue to present favorable opportunities for those seeking to open a CD. Depending on your financial objectives and liquidity preferences, now is still a good time to lock in attractive fixed returns. Future changes in the market may affect the availability of these yields, so acting promptly may be beneficial.
Ben Alvarado, Executive Vice President and Director of Core Banking, California Bank & Trust

Pros and cons of a 5-year CD

Pros

  • Saving tool — A CD charges a penalty for early withdrawal, so you may be less tempted to tap into the money for impulse purchases.

  • Safety — With federal deposit insurance, CDs are backed by the full faith and credit of the U.S. government up to set limits.

  • High returns — Banks sometimes provide a higher APY on a five-year CD than you’d find on a shorter-term CD or traditional savings account.

  • Wide selection — You can choose from thousands of banks and credit unions to find a CD with an APY, term length and minimum deposit amount that fit your needs.

  • Fixed, predictable returns — A CD guarantees a set return at a specified date, which can help you plan your financial goals.

Cons

  • Limited liquidity — You’ll likely pay a penalty for early withdrawals, so consider a shorter-term CD or savings account if you could need the money in less than five years.

  • Inflation risk — The money in your CD may lose its purchasing power over time if inflation overtakes your interest gains.

  • Low relative returns — Other investment options may offer a higher rate of return — although they generally involve higher risk and the chance of losing principal.

  • Reinvestment risk — A five-year CD locks in your money for a long time, and you could miss out on higher rates if APYs rise in the meantime.

5-year CD FAQs

  • CDs are a safe place for your money since they typically earn a fixed rate of return. Unlike savings accounts with variable APYs, there’s no risk of the CD’s rate dropping over time. Thanks to a CD’s guaranteed APY, you’ll be able to calculate upfront how much money you’ll have in the account when it matures.

    What’s more, when a CD is with an institution protected by federal deposit insurance, your funds are insured by the FDIC with a bank and the NCUA with a credit union. With a federally insured bank, the standard deposit insurance coverage limit is $250,000 per depositor, per FDIC bank, per ownership category. The coverage limits for CDs at NCUA credit unions are the same.

  • There are two main factors that determine whether a five-year CD makes sense for you: how soon you need your money and whether you’re earning a competitive APY.

    The length of time is important because you want to make sure that you don’t incur an early withdrawal penalty. You also want to be aware of inflation and purchase a CD that is earning a yield that can keep up.

  • A five-year CD could lose value if you incur an early withdrawal penalty, which could eat into your principal amount. But if you keep the five-year CD for the full term, you will earn the stated interest — assuming the product you’re in is a fixed-rate CD.

    Each depositor is insured to at least $250,000 per FDIC-insured bank. The standard share insurance amount is $250,000 per share owner, per insured credit union, for each account type at NCUA institutions.

Meet the Bankrate Experts

Karen Bennett
Written by
Karen Bennett Karen Bennett
Consumer Banking Reporter
Read more from Karen
Karen Bennett is a senior consumer banking reporter at Bankrate where she uses her years of banking and personal finance experience to help inform readers about money-related decisions. She’s been a reporter at Bankrate since 2021.
Expertise
  • Consumer banking
  • Savings accounts
Rhys Subitch
Edited by
Rhys Subitch
Editor, Deposits
Allyson Johnson
Reviewed by
Allyson Johnson
Head of investor relations, Gateway Partners

Research methodology

Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. 

To find the best CD rates, we regularly survey CD offerings from the banks and credit unions that continually offer the most competitive CD rates. We also score these institutions on their CD offerings, including APY, minimum deposit requirements, term selection and more. Banks and credit unions receive penalties against their overall scores for each consent decree, penalty in a case brought by a federal regulator or in a certified, federal class-action lawsuit, or adverse federal judgment for harming deposits customers.

The banks and credit unions on this page are selected based on their CD APYs, minimum opening deposit requirements and Bankrate’s score for their CDs. Only banks and credit unions with broadly available CD offerings made the list. Learn more about how we choose the best banking products and our methodology for reviewing banks.

  • Accordia Bank, Alliant Credit Union, Ally Bank, Alto, America First Credit Union, American Express National Bank, Axos Bank, Banesco USA, Bank of America, Bank5 Connect, BankUnited Direct, Barclays Bank, Bask Bank, BMO Bank, Boeing Employees’ Credit Union, Bread Savings, BrioDirect, BTG Pactual, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase Bank, CIBC Bank USA, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Connexus Credit Union, Credit One Bank, Customers Bank, Discover Bank, E*TRADE from Morgan Stanley, Emigrant Bank, EverBank, Fifth Third Bank, First Citizens Bank, First Internet Bank, First National Bank of America, First Tech Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, Golden 1 Credit Union, Happen Bank, Huntington National Bank, Jenius Bank, KeyBank, Lake Michigan Credit Union, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, Mountain America Credit Union, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, North American Savings Bank, Openbank, Patelco Credit Union, Peak Bank, Pentagon Federal Credit Union, PNC Bank, Popular Direct, Quontic Bank, Quorum Federal Credit Union, Regions Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, SoFi, State Employees' Credit Union, Suncoast Credit Union, Synchrony Bank, TAB Bank, TD Bank, Texas Capital Bank, The Federal Savings Bank, Third Federal Savings and Loan, Truist Bank, UFB Direct, US Bank, USAA Bank, Valley Bank, Varo Bank, Vio Bank, Wells Fargo, Western State Bank, Zions Bank, ZYNLO Bank

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