Updated May 30, 2026
Some 10-year certificates of deposit (CDs) offer yields above current national averages for savings accounts. They’re also virtually risk free and guarantee a set rate of return. A 10-year CD isn’t a good fit for every saver, however, given their considerable term length. Before committing to a long-term CD, compare your options and consider whether it’s the right move for you.
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Note: Annual percentage yields (APYs) shown are as of May 30. Bankrate's editorial team validates this information regularly. 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.
First National Bank of America’s 10-year CD earns a high rate that is in line with some shorter term CDs. The bank also offers the same APY on terms between six and nine years. Each CD requires a minimum opening deposit of $1,000.
In addition to its 10-year CD, Vio Bank offers 10 others. Terms range from four months and nine years and APYs from 2.75% to 3.95%. Shorter terms with Vio tend to have higher APYs, which may make them a better choice. Each CD requires a minimum opening deposit of $500.
MySavingsDirect, a division of Emigrant Bank, offers a wide range of CD terms, with terms between six and 120 months. The six-month CD earns the highest yield at 3.00% APY, while 24 to 36 month terms earn 2.25% APY. All terms above 36 months earn the same 2.00% APY. All CDs require a minimum opening deposit of $1,000. You must have a MySavingsDirect savings account to open a CD at this bank.
Chase requires a personal checking account to take out any of its CDs, including its 10-year one. APYs range from 0.20% to 3.70%, but the best APYs go to those who qualify for the Chase relationship rate and can afford to deposit $100,000.
CD rates in general tend to move, generally, in the same direction as the fed rate. As the Federal Reserve chooses to raise or lower rates, CD rates — including longer term ones — will typically trend in line with the change.
In 2026, the fed rate has so far held completely steady. This comes on the heels of three cuts in 2025. From those cuts, CD rates have slowly trended down, but may stabilize with the lack of movement on the Fed's part. For now, at least, the leading rates on 10-year CDs are outpacing inflation.
Because few banks and credit unions offer 10-year CDs, finding the best rates may be challenging. Compare offers with deposits backed by the federal government, and look closely at deals from online financial institutions.
Consider the opportunity cost before committing. Don’t purchase a 10-year CD without evaluating other low-risk investment products such as online high-yield savings accounts. Alan Dole, a wealth manager Legacy Advisor Group, says it pays to ask, “Where else could you put that money that would earn you more?”
And while you could buy a 10-year CD and close the account before it matures, there can be consequences. Make sure the benefit of an early exit outweighs the cost of the withdrawal penalty.
A CD ladder can help reduce risk by spreading your investment over several CDs with different due dates. This offers consistent access to money and enables reinvestment in CDs with better yields in the event that interest rates rise.Dré Villeroy, CEO, Beyorch
Consider a 10-year CD if you want to earn a fixed yield and have money that you’re willing to sock away for a decade, untouched. The guaranteed rate and the safety of this account — as long as it’s within federal insurance guidelines — can be a good option in some situations. But 10 years is a long time, so review the early withdrawal penalties so that you know the worst-case scenario for breaking this CD.
The Federal Reserve has been in a holding pattern in 2026 when it comes to its benchmark federal funds rate. Officials have left the rate untouched so far in 2026, after having lowered the rate three times in late 2025. It remains to be seen what the Fed will do with rates in the remainder of this year, and how that could impact CD APYs. For now, the highest 10-year CD rates lag behind or barely beat inflation, but it's unlikely inflation will stay this high for a decade.
"Life, and your financial needs, can change a lot in 10 years so a 10-year CD should only be for money you can truly live without or really don't want to touch — like a dream vacation fund for your retirement (if you're at least 10 years away from that goal). You'll want to avoid early withdrawal penalties on a 10-year CD: they're often steep."
Yuliya Goldshteyn
Editor at Bankrate
Rate is locked in, protecting it against further drops.
Potentially higher APYs than similar savings vehicles.
Federally insured within certain limits.
Won't be able to access funds early without penalty.
Inflation may eclipse your savings rate.
Potentially better rates elsewhere.
Choose a shorter CD
Find a CD with a better APY and lock up your funds for less time.
Look into a high yield savings account
Your funds will be liquid, but APYs can change.
Consider a money market account
Find the best rates of 2026 and compare options.
Calculate your savings
Use Bankrate's CD calculator to see how much your funds will grow.
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 10-year CD rates, we regularly survey 10-year CD offerings from the banks and credit unions that offer this rare CD term. The banks and credit unions on this page are selected based on the APY for their 10-year CD and minimum deposit requirements. Learn more about how we choose the best banking products and our methodology for reviewing banks.
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