Summary List Placement
This post was most recently reviewed and updated on May 3, 2021.
The best 5-year CD rates of May 2021
Delta Community Credit Union Delta Community Credit Union Certificate of Deposit
0.90% – 0.95%
Navy Federal Credit Union Navy Federal Credit Union Standard Certificate
First Internet Bank of Indiana First Internet Bank of Indiana Certificate of Deposit
1.00% – 1.10%
VyStar Credit Union VyStar Credit Union Certificate of Deposit
0.90% – 1.00%
Golden 1 Credit Union Golden 1 Credit Union Certificate of Deposit
First National Bank of America First National Bank of America Certificate of Deposit
*As of May 2021, the national average APY on a 5-year CD is 0.24%, according to the FDIC.
If you want to grow your money but keep it safe from the turbulence of the stock market, a certificate of deposit (CD) may be a good option.
Right now, the best 5-year CD rates are at least 0.90%. You may be able to find longer terms with slightly higher rates, but most institutions’ longest terms are five years. Five-year CDs offer some of the highest guaranteed rates of return you can find right now.
All 5-year CDs with the following banks are FDIC insured, and all certificates with the credit unions are federally insured by the NCUA. For the most part, banks compound your interest daily, and credit unions compound your interest monthly. This means that even if a credit union pays a higher rate, it’s possible you’ll accumulate less wealth than with an account that compounds your interest more frequently.
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Learn more about our top picks
Delta Community Credit Union CD
Why it stands out: Delta Community Credit Union pays competitive rates, and if you need …read more