Best 5-year CD rates for May 2026

Today’s Best 5-Year CD Rates

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Best 5-year CD Rates :

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A 5-year (60-month) certificate of deposit (CD) typically delivers some of the highest fixed yields available from banks and credit unions. If you won’t need access to your funds for several years and want predictable, low-risk growth, a five-year CD can be a strong option. Keep in mind that early withdrawal penalties on longer terms are often higher. Compare today’s best 5-year CD rates below.
Rate Methodology
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APYs shown below are updated daily. We review offers from banks and credit unions across the U.S. to highlight the highest rates available for a 60-month CD. All institutions listed are FDIC- or NCUA-insured.
Current 5-year CD Trends
% APY*
CD Valet Partner Average
% APY*
National Average
FINANCIAL INSTITUTIONS 
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APY Info
Annual Percentage Yield (APY) for certificates of deposits are from the latest rate surveys which are updated as often as daily. Rates are based on publicly available data for CD products. Additional restrictions and requirements may apply. The APY assumes interest remains on deposit until maturity. Early withdrawal penalty may be imposed if funds are withdrawn prior to maturity. Fees and penalties may reduce earnings. The APY for variable CD Rates may change after the account is opened.
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Frequently Asked Questions
How do I find and compare the best 5-year CD rates ?
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Use CD Valet to view nationwide rates (updated daily) and filter by term (60 months), deposit amount, and promotions so you can quickly surface top offers.
When comparing, focus on:
  • APY (Annual Percentage Yield): Your true, compounded return.
  • Minimum deposit: Requirements vary; ensure the threshold fits your budget.
  • Early withdrawal penalties: Five-year CDs often carry steeper penalties—know the cost before committing
What is a 5-year CD ?
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A 5-year CD is a time-deposit account that locks your money for 60 months at a fixed interest rate. In exchange for the longer commitment, you typically earn more than standard savings. CDs are generally FDIC/NCUA insured up to applicable limits, offering a low-risk way to grow savings
How much could I earn with this CD ?
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Estimate your potential earnings at today’s 5-year CD rates. Enter your deposit amount and the current rate to see your projected balance at maturity.
Explore More Rates by Term:
Best 6 Month CD Rates
Best 12 Month CD Rates
Best 24 Month CD Rates
Best 3 Year CD Rates
Best 4 Year CD Rates
  • CD Valet
  • The smart saver's trusted source for verified, high-yield CD rates from federally insured banks and credit unions.
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* Annual Percentage Yield (APY) for certificates of deposits are from the latest rate surveys which are updated as often as daily. Rates are based on publicly available data for CD products. Additional restrictions and requirements may apply. The APY assumes interest remains on deposit until maturity. Early withdrawal penalty may be imposed if funds are withdrawn prior to maturity. Fees and penalties may reduce earnings. The APY for variable CD Rates may change after the account is opened.

** Annual Percentage Yield (APY) for High Yield Savings Accounts (HYSA) are effective as of the date shown above. HYSA are variable rate accounts. Rates may change after the account is opened. Fees may reduce earnings. Additional restrictions and requirements may apply. Please review the account deposit agreement and fee schedule for the financial institution for further information regarding fees, terms, and conditions.

Tiered rates may be included in the account listings. Please refer to the financial institution's website for the full listing of any tiered rates. Visitors should independently verify all terms, conditions, and limitations including, but not limited to deposit insurance coverage, credit union eligibility and membership requirements. CD Valet is not a federally insured deposit institution; deposit insurance is offered through the bank or credit union. CD Valet is compensated by a limited number of financial institutions that have either contracted marketing services with CD Valet or have an Open Now or affiliate link on CD Valet. Visit our Privacy and Disclosure Center to read related disclosures and policies of CD Valet and its partners.

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