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Best 10-year CD rates for February 2024

Best available rates across different account types for Monday, February 26, 2024

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Bankrate Partner average
4.62% APY
National average
0.59% APY

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Bankrate's picks for the top 10-year CD rates

Note: Annual percentage yields (APYs) shown are as of Jan. 26, 2024. 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.

Discover Bank: 3.80% APY; $2,500 minimum deposit to open

Few well-known banks offer 10-year CDs. One exception is Discover Bank, which offers CDs across all standard terms. The bank’s yields for its five-, seven- and 10-year CDs are the same, and they’re higher than the rates tied to the rest of its accounts.

Discover is an online bank headquartered in Greenwood, Delaware. Until August 2000, it was known as the Greenwood Trust Co., which was incorporated in 1911.

Vio Bank: 2.75% APY; $500 minimum deposit to open

Vio Bank is an online-only bank that offers CDs and a high-yield savings account with competitive rates. CD terms range from six months to 10 years.

Vio Bank is a division of MidFirst Bank, based in Oklahoma City.

EmigrantDirect: 2.75% APY; $1,000 minimum deposit to open

EmigrantDirect is a division of Emigrant Bank. It has CDs with terms ranging from six months to 10 years. All of these CDs require a $1,000 minimum deposit.

EmigrantDirect also offers the American Dream Savings Account, which has no fees or service charges.

MySavingsDirect: 2.00% APY; $1,000 minimum deposit to open

MySavingsDirect is a division of Emigrant Bank. It offers CDs with terms ranging from six months to 10 years, with each requiring a $1,000 minimum deposit.

MySavingsDirect also offers the MySavings Account, which has no fees or service charges.

How to find the best 10-year CD rates

Since 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. Look closely at deals from online financial institutions.

Be sure to consider the opportunity cost. Don’t purchase a 10-year CD without evaluating other low-risk investment products like online high-yield savings accounts. Alan Dole, a wealth manager and financial planner with Equity Concepts, says it pays to ask, “Where else could you put that money that would earn you more?”

Savers could buy a 10-year CD and close the account before it matures. Just make sure the benefit of an early exit outweighs the cost of the withdrawal penalty.

10-year CD FAQs

Research methodology

At Bankrate, we strive to help you make smarter financial decisions. We follow strict guidelines to ensure that our editorial content is unbiased and not influenced by advertisers. Our editorial team receives no direct compensation from advertisers and our content is thoroughly fact-checked to ensure accuracy.

Bankrate regularly surveys around 70 widely available financial institutions, made up of the biggest banks and credit unions, as well as a number of popular online banks.

To find the best CDs, our editorial team analyzes various factors, such as: APY, the minimum deposit needed to earn that APY (or to open the CD) and whether it is broadly available. All of the accounts on this page are insured by the Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA).

When selecting the best CD for you, consider the purpose of the money and when you’ll need access to these funds to help you avoid early withdrawal penalties.