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Best 5-year CD rates for June 2026

Written by
Karen Bennett
Edited by
Rhys Subitch
Reviewed by
Allyson Johnson
Verified Badge IconExpert verified

Rates updated between May 26 and June 1

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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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See how we made our picks: Read our best CD rates research methodology

Table of contents

Bankrate's picks for top 5-year CD rates

Note: Annual percentage yields (APYs) shown were updated between May 26 and June 1, 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.

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.

BTG Pactual Bank_logo

BTG Pactual Bank

Rating: 4.1 stars out of 5
4.1 Bankrate CD score

  • Annual percentage yield

    4.15%

  • 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.

E*TRADE_logo

E*TRADE

Rating: 4.5 stars out of 5
4.5 Bankrate CD score

  • Annual percentage yield

    4.10%

  • 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.

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

    4.00%

  • 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.

Bread Savings_logo

Bread Savings

Rating: 4.1 stars out of 5
4.1 Bankrate CD score

  • Annual percentage yield

    4.00%

  • 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.

Sallie Mae_logo

Sallie Mae

Rating: 4.2 stars out of 5
4.2 Bankrate CD score

  • Annual percentage yield

    4.00%

  • 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.

Marcus by Goldman Sachs_logo

Marcus by Goldman Sachs

Rating: 4.8 stars out of 5
4.8 Bankrate CD score

  • Annual percentage yield

    3.80%

  • 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.

Synchrony Bank_logo

Synchrony Bank

Rating: 4.8 stars out of 5
4.8 Bankrate CD score

  • Annual percentage yield

    3.75%

  • 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.

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.

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.

Colorado Federal Savings Bank_logo

Colorado Federal Savings Bank

Rating: 4.2 stars out of 5
4.2 Bankrate CD score

  • Annual percentage yield

    3.60%

  • 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.

Quorum Federal Credit Union_logo

Quorum Federal Credit Union

Rating: 3.8 stars out of 5
3.8 Bankrate CD score

  • Annual percentage yield

    3.50%

  • 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.

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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 1.71%, 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.

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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.
Bankrate logo Ben Alvarado, Executive Vice President and Director of Core Banking, California Bank & Trust

Pros and cons of a 5-year CD

Pros

  • Checkmark Icon

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

  • Checkmark Icon

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

  • Checkmark Icon

    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.

  • Checkmark Icon

    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.

  • Checkmark Icon

    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

Meet the Bankrate Experts

Karen Bennett
Written by
Karen Bennett Karen Bennett Arrow Right Icon
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.
Ribbon Icon
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, popular regional banks with broadly available accounts and credit unions with both open and restrictive membership policies. 

To find the best five-year CD rates, we regularly survey five-year CD offerings from the banks and credit unions that continually offer the most competitive rates. 

The banks and credit unions on this page are selected based on their current APY for a five-year CD and their minimum deposit requirements. Only banks and credit unions with broadly available CDs made the list. Learn more about our methodology for reviewing banks. 

Clock and dollar bills representing a Certificate of Deposit, with the title Best CD Rates