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Best 5-year CD rates for February 2024

Best available rates across different account types for Thursday, February 22, 2024

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Current savings trends
Bankrate Partner average
4.69% APY
National average
0.58% APY

Bankrate's picks for the top 5-year CD rates

Note: Annual percentage yields (APYs) shown are as of Feb. 22, 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.

First Internet Bank of Indiana

First Internet Bank of Indiana_logo
Rating: 4.6 stars out of 5
4.6

Overview

First Internet Bank of Indiana is an FDIC-insured financial institution that operates online and has no branches. It opened in 1999 and offers products in all 50 states.

First Internet Bank offers eight terms of CDs, a money market savings account with a competitive yield, a savings account and two checking accounts.
Invest Rate
4.61% APY
Loan
$1,000 minimum deposit

SchoolsFirst Federal Credit Union

SchoolsFirst Federal Credit Union_logo
Rating: 4.5 stars out of 5
4.5

Overview

SchoolsFirst Federal Credit Union was formed during the Great Depression in 1934.

SchoolsFirst Federal Credit Union (SchoolsFirst FCU) has CD terms from as short as 30 days to as long as five years. The more money you put in your CD, the higher the APY. CDs at this credit union have four balance tiers: $500, $20,000, $50,000 or $100,000.
Invest Rate
4.60% APY
Loan
$500 minimum deposit

Popular Direct

Popular Direct_logo
Rating: 4 stars out of 5
4.0

Overview

Popular Direct is an online bank and a subsidiary of Popular Inc., a more than 120-year-old financial services company. Popular Direct was previously known as Banco Popular North America.

Popular Direct offers CDs in eight terms ranging from three months to five years. With a $10,000 minimum deposit to open, these CDs are geared toward serious savers. Interest compounds daily. Popular Direct doesn’t offer specialty CDs, such as bump-up or no-penalty CDs. It does offer a savings account with a competitive rate.
Invest Rate
4.45% APY
Loan
$10,000 minimum deposit

Quontic Bank

Quontic Bank_logo
Rating: 4.3 stars out of 5
4.3

Overview

Quontic Bank is an online bank that offers CDs as well as savings, money market and checking accounts.

A $500 minimum deposit is required to open a Quontic Bank CD and five terms are offered, ranging from six months to five years.
Invest Rate
4.30% APY
Loan
$500 minimum deposit

America First Credit Union

America First Credit Union_logo
Rating: 5 stars out of 5
5.0

Overview

America First Credit Union was founded in 1939 in Salt Lake City. It has CDs with terms ranging from three months to five years. The minimum opening deposit for CDs is $500.

It also offers a variety of checking and savings accounts.
Invest Rate
4.20% APY
Loan
$500 minimum deposit

Bread Savings

Bread Savings_logo
Rating: 4 stars out of 5
4.0

Overview

Bread Financial is an online-only bank that offers high-yield savings products and five CD terms.

Bread Savings is a product of Comenity Capital Bank, which has existed for more than 30 years. Comenity is a bank behind many branded credit cards.
Invest Rate
4.15% APY
Loan
$1,500 minimum deposit

Marcus by Goldman Sachs

Marcus by Goldman Sachs_logo
Rating: 4.9 stars out of 5
4.9

Overview

Marcus by Goldman Sachs is an online bank known for offering CDs and a savings account. It also used to be known for its personal loans, but it no longer offers those. Not many banks can match the number of CDs that Marcus offers. It has nine terms of regular CDs — ranging from six months to six years — three no-penalty CDs and a rate bump CD. All of these CDs have a $500 minimum deposit requirement.
Invest Rate
4.10% APY
Loan
$500 minimum deposit

Synchrony Bank

Synchrony Bank_logo
Rating: 4.9 stars out of 5
4.9

Overview

Synchrony Bank offers competitive yields across 14 CD terms. Synchrony promises that CDs funded within 15 days of opening will pay a higher yield if rates increase during that period.

The bank also offers a money market account and a savings account. Both offer a competitive APY and have no minimum balance requirement.