Best 5-Year CD Rates in Iowa, IA

You are viewing rates from banks across Iowa

Below are 5-year CD Rates from banks that are located in Iowa. Five-Year Certificates of Deposit (CD) are generally the longest term CD that most banks will offer. They tend to offer the highest rates but require the longest commitment. Five year CDs are especially popular in a declining interest rate environment as depositors can lock money in at the highest rate possible for the longest period of time. They are also popular with depositors who are willing to lock up money for five years in return for extra yield.

IA - December 4, 2024

5 Year CD National Average : 0.91% ^?

Banks	APY	MIN	MILES ^?
State Savings Bank	4.06% 3.65%	$50,000 $2,000	-	Learn More Add Review
Rate History: 2.93% → 4.50% → 4.47% → 4.32% → 4.06%
Seattle Bank	3.75%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 4.55% → 4.50% → 4.15% → 4.00% → 3.75%
Rob H. \| Nov 21, 2023 A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More Reviews (2)
Luana Savings Bank	3.73% 3.59%	$100,000 $2,000	-	Learn More Add Review
Rate History: 4.14% → 4.04% → 3.99% → 3.89% → 3.73%
Capital One, National Association	3.50%	$0	-	Learn More
Rate History: 4.00% → 3.90% → 3.75% → 3.50%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
Green Belt Bank & Trust	3.40%	$500	-	Learn More Add Review
Rate History: 1.75% → 3.80% → 3.65% → 3.45% → 3.40%
Midwest Heritage Bank, FSB	3.25%	$5,000	-	Learn More Add Review
Ivy Bank, a division of Cambridge Savings Bank	3.25%	$0	-	Learn More Add Review
Rate History: 2.60% → 3.25%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More
Citizens	3.00%	$5,000	-	Learn More
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Gateway First Bank	2.90%	$500	-	Learn More
JohnC \| Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More Reviews (3)
USAA Federal Savings Bank	2.50%	$1,000	-	Learn More
RYAN S \| Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More Reviews (2)
Citibank, National Association	2.00%	$0	-	Learn More
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
JPMorgan Chase Bank, National Association	2.00%	$10,000	-	Learn More
Rate History: 2.00% → 2.50% → 2.00%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
Security State Bank	1.51%	$10,000	-	Learn More Add Review
Raccoon Valley Bank	1.50%	$10,000	-	Learn More Add Review
Montezuma State Bank	1.50%	$100,000	-	Learn More Add Review
Bankers Trust Company	1.50%	$1,000	-	Learn More Add Review
Community Bank	1.46%	$100,000	-	Learn More Add Review
Citizens Savings Bank	1.41%	$100,000	-	Learn More Add Review
Security State Bank	1.41%	$60,000	-	Learn More Add Review
United Bank & Trust National Association	1.40%	$25,000	-	Learn More Add Review
Hardin County Savings Bank	1.40%	$10,000	-	Learn More Add Review
Liberty Trust & Savings Bank	1.40%	$500	-	Learn More Add Review
Security State Bank	1.40%	$10,000	-	Learn More Add Review
First State Bank	1.40%	$10,000	-	Learn More Add Review
Ashton State Bank	1.36%	$10,000	-	Learn More Add Review
Connection Bank	1.36%	$10,000	-	Learn More Add Review
Security State Bank	1.36%	$10,000	-	Learn More Add Review
Logan State Bank	1.35%	$10,000	-	Learn More Add Review
Montezuma State Bank	1.35%	$10,000	-	Learn More Add Review
The First National Bank of Manning	1.35%	$100,000	-	Learn More Add Review
West Iowa Bank	1.35%	$10,000	-	Learn More Add Review
Chelsea Savings Bank	1.35%	$100,000	-	Learn More Add Review
Community Bank	1.35%	$5,000	-	Learn More Add Review
Pilot Grove Savings Bank	1.31%	$10,000	-	Learn More Add Review
Citizens Savings Bank	1.31%	$10,000	-	Learn More Add Review
Fortress Bank	1.30%	$50,000	-	Learn More Add Review
Home State Bank	1.30%	$10,000	-	Learn More Add Review
Citizens State Bank	1.30%	$100,000	-	Learn More Add Review
The Watkins Savings Bank	1.30%	$100,000	-	Learn More Add Review
First Iowa State Bank	1.30%	$100,000	-	Learn More Add Review
Fidelity Bank & Trust	1.30%	$100,000	-	Learn More Add Review
Community Savings Bank	1.27%	$100,000	-	Learn More Add Review
United Bank and Trust Company	1.26%	$10,000	-	Learn More Add Review
First State Bank	1.26%	$100,000	-	Learn More Add Review
Iowa Falls State Bank	1.26%	$10,000	-	Learn More Add Review
NorthStar Bank	1.26%	$10,000	-	Learn More Add Review
First Heritage Bank	1.25%	$10,000	-	Learn More Add Review
First Iowa State Bank	1.25%	$10,000	-	Learn More Add Review
Chelsea Savings Bank	1.25%	$10,000	-	Learn More Add Review
Primebank	1.25%	$10,000	-	Learn More Add Review
State Savings Bank	1.25%	$10,000	-	Learn More Add Review
Farmers State Bank	1.25%	$100,000	-	Learn More Add Review
First State Bank	1.25%	$25,000	-	Learn More Add Review
Manufacturers Bank & Trust Company	1.25%	$100,000	-	Learn More Add Review
Citizens State Bank	1.25%	$10,000	-	Learn More Add Review
The First National Bank of Manning	1.25%	$10,000	-	Learn More Add Review
Benton County State Bank	1.25%	$10,000	-	Learn More Add Review
Bank 1st	1.22%	$100,000	-	Learn More Add Review
Hiawatha Bank and Trust Company	1.21%	$10,000	-	Learn More Add Review
First Citizens Bank	1.21%	$100,000	-	Learn More Add Review
First State Bank	1.21%	$10,000	-	Learn More Add Review
The Farmers State Bank	1.20%	$10,000	-	Learn More Add Review
Bank	1.20%	$10,000	-	Learn More Add Review
Heritage Bank	1.20%	$100,000	-	Learn More Add Review
Central State Bank	1.20%	$1,500	-	Learn More Add Review
The Watkins Savings Bank	1.20%	$10,000	-	Learn More Add Review
Farmers Savings Bank	1.20%	$10,000	-	Learn More Add Review
State Bank of Bussey	1.20%	$10,000	-	Learn More Add Review
Fidelity Bank & Trust	1.20%	$10,000	-	Learn More Add Review
Fortress Bank	1.20%	$10,000	-	Learn More Add Review
Heritage Bank National Association	1.20%	$2,000	-	Learn More
Rate History: 0.26% → 1.20%
WPT \| Nov 2, 2020 Got the account opened after weeks and finally got it funded and then they dropped the rate the next day and it is no longer competitive. Read More Reviews (14)
NSB Bank	1.19%	$100,000	-	Learn More Add Review
Liberty National Bank	1.19%	$100,000	-	Learn More Add Review
Community Savings Bank	1.17%	$10,000	-	Learn More Add Review
First State Bank	1.16%	$10,000	-	Learn More Add Review
NSB Bank	1.15%	$10,000	-	Learn More Add Review
Elgin State Bank	1.15%	$1,000	-	Learn More
kevin jstark \| Jun 2, 2019 your atm has been broken 4 -2 weeks please fix this problem Read More Reviews (1)
Farmers State Bank	1.15%	$10,000	-	Learn More Add Review
First State Bank	1.15%	$500	-	Learn More Add Review
Maquoketa State Bank	1.15%	$10,000	-	Learn More Add Review
BTC Bank	1.15%	$10,000	-	Learn More Add Review
Iowa State Bank	1.15%	$1,000	-	Learn More Add Review
Farmers Bank of Northern Missouri	1.15%	$10,000	-	Learn More Add Review
First Security Bank and Trust Company	1.12%	$50,000	-	Learn More Add Review
Washington State Bank	1.11%	$500	-	Learn More Add Review
BankOrion	1.11%	$100,000	-	Learn More Add Review
Commercial Savings Bank	1.10%	$10,000	-	Learn More Add Review
American Bank, National Association	1.10%	$10,000	-	Learn More Add Review
American State Bank	1.10%	$10,000	-	Learn More
Lindap \| Jun 25, 2020 If you need a simple answer you will have to jump through hoops and talk to people that are not connected to your bank. Plus when you try to return the call the number they call from is not a working numb... Read More Reviews (2)
United Bank & Trust National Association	1.10%	$10,000	-	Learn More Add Review
Heritage Bank	1.10%	$10,000	-	Learn More Add Review
PCSB Bank	1.10%	$10,000	-	Learn More Add Review
Crawford County Trust and Savings Bank	1.10%	$100,000	-	Learn More Add Review
Farmers Savings Bank	1.10%	$100,000	-	Learn More Add Review
Iowa Trust and Savings Bank	1.10%	$20,000	-	Learn More Add Review
Liberty National Bank	1.09%	$10,000	-	Learn More Add Review
First Security Bank and Trust Company	1.07%	$10,000	-	Learn More Add Review
Farmers Savings Bank	1.07%	$10,000	-	Learn More Add Review
Peoples Savings Bank	1.05%	$1,000	-	Learn More Add Review
Premier Bank	1.05%	$10,000	-	Learn More Add Review
First Citizens Bank	1.05%	$10,000	-	Learn More Add Review
Boone Bank & Trust Co.	1.05%	$100,000	-	Learn More Add Review
Audubon State Bank	1.05%	$10,000	-	Learn More Add Review
City State Bank	1.05%	$10,000	-	Learn More Add Review
Iowa Trust and Savings Bank	1.05%	$1,000	-	Learn More Add Review
Peoples Bank	1.03%	$10,000	-	Learn More Add Review
Community State Bank	1.01%	$10,000	-	Learn More Add Review
South Ottumwa Savings Bank	1.00%	$10,000	-	Learn More Add Review
Iowa State Savings Bank	1.00%	$10,000	-	Learn More Add Review
Manufacturers Bank & Trust Company	1.00%	$10,000	-	Learn More Add Review
Farmers State Bank	1.00%	$10,000	-	Learn More Add Review
Exchange State Bank	1.00%	$10,000	-	Learn More Add Review
BankOrion	1.00%	$10,000	-	Learn More Add Review
Blackhawk Bank & Trust	1.00%	$10,000	-	Learn More Add Review
Sibley State Bank	1.00%	$10,000	-	Learn More Add Review
Marion County State Bank	1.00%	$10,000	-	Learn More Add Review
Fairfax State Savings Bank	1.00%	$10,000	-	Learn More Add Review
The Security National Bank of Sioux City, Iowa	1.00%	$10,000	-	Learn More Add Review
St. Ansgar State Bank	1.00%	$10,000	-	Learn More Add Review
Bank 1st	1.00%	$2,500	-	Learn More Add Review
State Central Bank	1.00%	$10,000	-	Learn More Add Review
Mediapolis Savings Bank	1.00%	$10,000	-	Learn More Add Review
State Bank	1.00%	$10,000	-	Learn More Add Review
First State Bank	1.00%	$10,000	-	Learn More Add Review
Clear Lake Bank and Trust Company	1.00%	$1,000	-	Learn More Add Review
Farmers and Merchants Savings Bank	1.00%	$10,000	-	Learn More Add Review
Reliance State Bank	1.00%	$100,000	-	Learn More Add Review
VISIONBANK OF IOWA	1.00%	$100,000	-	Learn More Add Review
Leighton State Bank	1.00%	$500	-	Learn More Add Review
Midstates Bank, National Association	1.00%	$10,000	-	Learn More Add Review
Crawford County Trust and Savings Bank	1.00%	$10,000	-	Learn More Add Review
New Albin Savings Bank	1.00%	$100,000	-	Learn More Add Review
Guthrie County State Bank	1.00%	$10,000	-	Learn More Add Review
Citizens State Bank	1.00%	$10,000	-	Learn More Add Review
Success Bank	1.00%	$100,000	-	Learn More Add Review
Kerndt Brothers Savings Bank	1.00%	$10,000	-	Learn More Add Review
GNB Bank	0.96%	$35,000	-	Learn More Add Review
Union State Bank	0.95%	$100,000	-	Learn More Add Review
Farmers and Merchants State Bank	0.95%	$10,000	-	Learn More Add Review
Farmers State Bank	0.95%	$10,000	-	Learn More Add Review
Atkins Savings Bank & Trust	0.95%	$1,000	-	Learn More Add Review
Peoples Savings Bank	0.94%	$150,000	-	Learn More Add Review
GNB Bank	0.91%	$1,000	-	Learn More Add Review
Peoples Bank	0.90%	$100,000	-	Learn More Add Review
F&M Bank	0.90%	$100,000	-	Learn More Add Review
FreedomBank	0.90%	$100,000	-	Learn More Add Review
Federation Bank	0.90%	$10,000	-	Learn More Add Review
Union State Bank	0.90%	$10,000	-	Learn More Add Review
Citizens First Bank	0.90%	$10,000	-	Learn More Add Review
The Clinton National Bank	0.90%	$10,000	-	Learn More Add Review
Iowa State Bank	0.90%	$100,000	-	Learn More Add Review
West Bank	0.90%	$100,000	-	Learn More Add Review
Farmers Savings Bank	0.90%	$500	-	Learn More Add Review
Reliance State Bank	0.90%	$10,000	-	Learn More Add Review
New Albin Savings Bank	0.90%	$10,000	-	Learn More Add Review
Success Bank	0.90%	$10,000	-	Learn More Add Review
Farmers Trust & Savings Bank	0.85%	$10,000	-	Learn More Add Review
Blue Grass Savings Bank	0.85%	$10,000	-	Learn More Add Review
TruBank	0.85%	$10,000	-	Learn More Add Review
Tri-Valley Bank	0.85%	$10,000	-	Learn More Add Review
Pocahontas State Bank	0.85%	$10,000	-	Learn More Add Review
First National Bank	0.85%	$10,000	-	Learn More Add Review
Farmers State Bank	0.85%	$10,000	-	Learn More Add Review
South Ottumwa Savings Bank	0.85%	$1,000	-	Learn More Add Review
Peoples Savings Bank	0.84%	$1,000	-	Learn More Add Review
American Bank and Trust Company, National Association	0.80%	$10,000	-	Learn More Add Review
United Bank of Iowa	0.80%	$10,000	-	Learn More Add Review
Hills Bank and Trust Company	0.80%	$500	-	Learn More Add Review
Bank Midwest	0.80%	$10,000	-	Learn More Add Review
Iowa State Bank	0.80%	$1,000	-	Learn More Add Review
Availa Bank	0.80%	$500	-	Learn More Add Review
The Citizens First National Bank of Storm Lake	0.77%	$10,000	-	Learn More Add Review
American State Bank	0.75%	$10,000	-	Learn More Add Review
Citizens Savings Bank	0.75%	$10,000	-	Learn More Add Review
Maynard Savings Bank	0.75%	$10,000	-	Learn More Add Review
Peoples Bank	0.75%	$10,000	-	Learn More Add Review
Iowa State Bank	0.75%	$10,000	-	Learn More Add Review
The State Bank	0.75%	$10,000	-	Learn More Add Review
CBI Bank & Trust	0.75%	$10,000	-	Learn More Add Review
FreedomBank	0.75%	$10,000	-	Learn More Add Review
State Bank & Trust Co.	0.75%	$100,000	-	Learn More Add Review
Security Savings Bank	0.75%	$10,000	-	Learn More Add Review
First National Bank, Ames, Iowa	0.75%	$100,000	-	Learn More Add Review
VISIONBANK OF IOWA	0.75%	$10,000	-	Learn More Add Review
Heartland Bank	0.75%	$25,000	-	Learn More Add Review
FNB Bank	0.75%	$10,000	-	Learn More Add Review
First Security Bank	0.75%	$1,000	-	Learn More Add Review
Westside State Bank	0.75%	$10,000	-	Learn More Add Review
Arbor Bank	0.70%	$10,000	-	Learn More Add Review
Earlham Savings Bank	0.70%	$10,000	-	Learn More Add Review
West Bank	0.70%	$10,000	-	Learn More Add Review
First Whitney Bank and Trust	0.70%	$10,000	-	Learn More Add Review
Peoples State Bank	0.70%	$100,000	-	Learn More Add Review
Home Federal Savings Bank	0.70%	$100,000	-	Learn More Add Review
F&M Bank	0.70%	$10,000	-	Learn More Add Review
First Security State Bank	0.65%	$10,000	-	Learn More Add Review
MidWestOne Bank	0.65%	$10,000	-	Learn More Add Review
Charter Bank	0.65%	$10,000	-	Learn More Add Review
Great Southern Bank	0.65%	$250	-	Learn More Add Review
Iowa State Bank	0.65%	$10,000	-	Learn More Add Review
WCF Financial Bank	0.65%	$10,000	-	Learn More Add Review
First National Bank, Ames, Iowa	0.65%	$10,000	-	Learn More Add Review
BankIowa of Cedar Rapids	0.65%	$500	-	Learn More Add Review
Pinnacle Bank	0.63%	$10,000	-	Learn More Add Review
Farmers & Merchants Bank & Trust	0.62%	$10,000	-	Learn More Add Review
Two Rivers Bank & Trust	0.60%	$1,000	-	Learn More Add Review
Quad City Bank and Trust Company	0.60%	$10,000	-	Learn More Add Review
Sterling Federal Bank, F.S.B.	0.60%	$10,000	-	Learn More Add Review
State Bank & Trust Co.	0.60%	$10,000	-	Learn More Add Review
Peoples State Bank	0.60%	$10,000	-	Learn More Add Review
Heartland Bank	0.60%	$10,000	-	Learn More Add Review
Two Rivers Bank & Trust	0.59%	$1,000	-	Learn More Add Review
BankFirst	0.59%	$100,000	-	Learn More Add Review
First State Bank	0.55%	$10,000	-	Learn More Add Review
Waukon State Bank	0.55%	$10,000	-	Learn More Add Review
Bank Iowa	0.55%	$500	-	Learn More Add Review
Boone Bank & Trust Co.	0.55%	$10,000	-	Learn More Add Review
CUSB Bank	0.55%	$5,000	-	Learn More Add Review
Lincoln Savings Bank	0.52%	$2,500	-	Learn More Add Review
First Trust and Savings Bank	0.50%	$10,000	-	Learn More Add Review
BankFirst	0.49%	$10,000	-	Learn More Add Review
First Central State Bank	0.45%	$10,000	-	Learn More
RICHARD DiSANTIS \| Aug 1, 2016 Good question...I am out-of-state and would like to take advantage of your rates...my deposits would surely help your bank... Read More Reviews (2)
Decorah Bank & Trust Company	0.45%	$10,000	-	Learn More Add Review
Ohnward Bank & Trust	0.45%	$10,000	-	Learn More Add Review
The Shelby County State Bank	0.40%	$100,000	-	Learn More Add Review
Home Federal Savings Bank	0.40%	$10,000	-	Learn More Add Review
U.S. Bank National Association	0.40% 0.25%	$1,000 $500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
Northwest Bank	0.35%	$10,000	-	Learn More Add Review
Iowa State Bank and Trust Company of Fairfield, Iowa	0.35%	$10,000	-	Learn More Add Review
Community Bank and Trust Company	0.35%	$10,000	-	Learn More Add Review
Central State Bank	0.35%	$10,000	-	Learn More Add Review
The Shelby County State Bank	0.35%	$10,000	-	Learn More Add Review
DeWitt Bank & Trust Co.	0.30%	$10,000	-	Learn More Add Review
First National Bank of Omaha	0.12%	$500	-	Learn More Add Review
KeyBank National Association	0.05%	$2,500	-	Learn More
Rate History: 0.03% → 0.05%
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
Regions Bank	0.05% 0.01%	$2,501 $2,500	-	Learn More Add Review
Rate History: 0.03% → 0.05%
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Bank of America, National Association	0.03%	$100,000	-	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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PRODUCT INFORMATION

Five Year CDs - Branch Banks 2024

Five-year CDs are the big kahuna of the CD world. While banks may offer six-year, seven-year, or even 10-year CDs, the five-year is the longest of the most commonly offered terms. The 5-year CD is therefore often the highest offer at your local bank. Therefore, the temptation for those looking for yield is to open one, deposit money, and forget about it for five years. This could be a mistake. In rising rate environments a five-year CD may not be a good investment.

Safety

Like every other CD term, five year CDs from FDIC insured banks are protected up to FDIC limits (generally $250,000 per account holder per bank). If your deposit is over the FDIC limit then you may not receive the uninsured money in case of a bank failure.

Inflation

The principle threat to a a five year CD is inflation. If the CD is opened in a low rate environment, and rates and inflation subsequently rise, then inflation will erode the value of the certificate of deposit over its five years. For example, if a depositor opened a five year CD in year 1 with a yield of 2.05% APY and inflation at 1.5%, then the real return is .55 percentage points. But if inflation rises the next year to 2.5% and stays there for the next four years, then the CD in real terms is losing money every year: 2.05% - 2.5% = -.45%.

While it is impossible for anyone to predict too far into the future, savers should be cognizant of the economic environment before locking up money for a five year time-period. Our rate analysis page provides some insight into where we think rates will go.

On the other hand, if rates are falling and will continue to do so for some time due to an economic recession then it makes sense to lock in a higher rate with a five year CD. Savers who opened five year CDs in 2008 immediately after the financial crisis were able to lock in rates in the 6% range, a great move considering two years later a five year CD paid below 3%.

Interest

Five-year CDs currently pay about 1.00% more in interest than a one year CD. In general, CDs of this duration are best opened as part of a laddered CD portfolio or if the depositor thinks that rates will either stagnate or drop over the next couple of years.

Opening a Five Year CD

Opening a five year CD in a branch is relatively easy and similar to every other CD term. Most banks require the customer be a resident of the United States and most branch-based banks ask that the account be opened in the bank. Funding can be performed by transferring money that is already located at that bank or by check or ACH transfer from another bank. The CD can be opened that day and the rate locked.

With longer term CDs, savers should make sure they put a record of the CD in a safe place and that if they move, they forward their new address to the bank. In cases where the bank cannot find the CD holder, the bank may hand the funds over to a state authority as a lost deposit, and it will require onerous paperwork to reclaim the money.

ADVANTAGES AND DISADVANTAGES OF FIVE YEAR CDs

Advantages of five year CDs

5 year CDs provide the highest rate of the common CD terms.
The return is fixed for five years, which is an advantage in a flat or falling rate environment.

Disadvantages of five year CDs

The money is locked away for five years and cannot be withdrawn without a substantial penalty.
In a rising rate environment, inflation will reduce the value of the money in the CD over time.
Branch CDs require the saver to visit a branch and be subjected to cross-sell pitches and other marketing tactics.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

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PRODUCT INFORMATION

Five Year CDs - Branch Banks 2024

Safety

Inflation

Interest

Opening a Five Year CD

ADVANTAGES AND DISADVANTAGES OF FIVE YEAR CDs

Advantages of five year CDs

Disadvantages of five year CDs

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