Best 5-Year CD Rates in Kentucky, KY

You are viewing rates from banks across Kentucky

Below are 5-year CD Rates from banks that are located in Kentucky. 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.

KY - November 7, 2024

5 Year CD National Average : 0.92% ^?

Banks	APY	MIN	MILES ^?
American Bank & Trust Company, Inc.	3.75%	$1,000	-	Learn More Add Review
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)
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)
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)
Taylor County Bank	1.50%	$1,000	-	Learn More Add Review
The First National Bank of Russell Springs	1.50%	$10,000	-	Learn More Add Review
Bank of Jamestown	1.41%	$10,000	-	Learn More
houston0800 \| Sep 14, 2020 Jamestown KY Read More Reviews (17)
Citizens Federal Savings and Loan Association	1.40%	$10,000	-	Learn More Add Review
Citizens Bank & Trust Company	1.40%	$10,000	-	Learn More Add Review
Peoples Bank	1.36%	$500	-	Learn More Add Review
Bank of Hindman	1.36%	$10,000	-	Learn More Add Review
The Farmers National Bank of Lebanon	1.35%	$500	-	Learn More Add Review
Woodforest National Bank	1.35%	$500	-	Learn More
Rate History: 1.00% → 1.35%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Meade County Bank	1.31%	$10,000	-	Learn More Add Review
Commonwealth Community Bank, Inc.	1.30%	$10,000	-	Learn More Add Review
Forcht Bank, National Association	1.26%	$10,000	-	Learn More Add Review
Bank of Edmonson County	1.25%	$100,000	-	Learn More Add Review
The Cecilian Bank	1.25%	$1,000	-	Learn More
Machjen \| Oct 10, 2023 Horrible. Turned me into collections for a paid off loan that was never late then tried to blame me for paying it online...i actually verified at the drive threw that it was paid in full...also held a lar... Read More Reviews (1)
Eclipse Bank, Inc.	1.25%	$10,000	-	Learn More Add Review
First Federal Savings Bank of Kentucky	1.25%	$10,000	-	Learn More
CD Dreamer \| Aug 17, 2015 I can only dream about CD rates returning to these levels like the 1970's. Read More Reviews (6)
United Citizens Bank of Southern Kentucky	1.25%	$10,000	-	Learn More Add Review
First Federal Savings and Loan Association	1.21%	$10,000	-	Learn More Add Review
Hometown Bank of Corbin, Inc.	1.16%	$10,000	-	Learn More Add Review
The Lincoln National Bank of Hodgenville	1.15%	$10,000	-	Learn More Add Review
Whitaker Bank	1.15%	$10,000	-	Learn More
z h \| Nov 18, 2020 I had a charge that wasn't authorized, and they told me there is nothing they can do about it because in the past it was authorized. Are you serious? So if someone takes your card and goes to Walmart.com a... Read More Reviews (2)
The Citizens Bank	1.11%	$10,000	-	Learn More Add Review
Springfield State Bank	1.11%	$500	-	Learn More Add Review
Farmers & Traders Bank of Campton	1.11%	$10,000	-	Learn More Add Review
Franklin Bank & Trust Company	1.10%	$100,000	-	Learn More Add Review
Bank of Edmonson County	1.10%	$10,000	-	Learn More Add Review
Town & Country Bank and Trust Company	1.10%	$10,000	-	Learn More Add Review
Home Savings Bank, FSB	1.10%	$10,000	-	Learn More Add Review
The First National Bank of Manchester	1.10%	$100,000	-	Learn More Add Review
Farmers State Bank	1.06%	$5,000	-	Learn More Add Review
Commercial Bank	1.00%	$500	-	Learn More Add Review
First Kentucky Bank, Inc.	1.00%	$100,000	-	Learn More Add Review
United Community Bank of West Kentucky, Inc.	1.00%	$10,000	-	Learn More
Norval Baird \| Apr 15, 2020 There is room for improvement in any business. And UCB Is at top of list for lack of need for improvement . They have always been at their best in terms of overall management, firm loan management, fr... Read More Reviews (1)
Franklin Bank & Trust Company	1.00%	$10,000	-	Learn More Add Review
South Central Bank, Inc.	1.00%	$10,000	-	Learn More Add Review
Guardian Savings Bank, A Federal Savings Bank	1.00%	$10,000	-	Learn More
Wfransdell@gmail.com \| Oct 29, 2017 Excellentr Read More Reviews (1)
Citizens Bank of Kentucky, Inc.	1.00%	$10,000	-	Learn More Add Review
Kentucky Farmers Bank Corporation	1.00%	$10,000	-	Learn More Add Review
First & Farmers National Bank, Inc.	1.00%	$10,000	-	Learn More Add Review
Cumberland Valley National Bank & Trust Company	1.00%	$10,000	-	Learn More Add Review
Citizens Bank	1.00%	$10,000	-	Learn More Add Review
Citizens Guaranty Bank	1.00%	$10,000	-	Learn More Add Review
Jackson County Bank	1.00%	$10,000	-	Learn More Add Review
The First National Bank of Manchester	1.00%	$10,000	-	Learn More Add Review
Heritage Bank, Inc.	0.95%	$500	-	Learn More Add Review
Magnolia Bank	0.95%	$500	-	Learn More
fartoomany \| Sep 20, 2019 100 day cd 2.85% Read More Reviews (1)
Bank of Buffalo	0.95%	$10,000	-	Learn More Add Review
Auburn Banking Company	0.92%	$10,000	-	Learn More Add Review
The Murray Bank	0.90%	$1,000	-	Learn More Add Review
Independence Bank of Kentucky	0.90%	$10,000	-	Learn More
Pearl Girl GA \| Mar 30, 2023 Independence Bank 1776 Owensboro has been our partner for more than 20 years. We moved have lived in several states for work and we always got great service. One of the most outstanding feats of service o... Read More Reviews (1)
Field & Main Bank	0.90%	$10,000	-	Learn More Add Review
South Central Bank, Inc.	0.90%	$10,000	-	Learn More Add Review
The Farmers Bank of Milton	0.90%	$100,000	-	Learn More Add Review
The First National Bank of Grayson	0.90%	$100,000	-	Learn More Add Review
Peoples Exchange Bank	0.90%	$10,000	-	Learn More Add Review
The First National Bank of Williamson	0.90%	$100,000	-	Learn More Add Review
United Cumberland Bank	0.86%	$10,000	-	Learn More Add Review
First Harrison Bank	0.85%	$2,500	-	Learn More
vernon Wayne Coats \| Sep 26, 2015 Very Polite and Helpful tellers and Managers. Excellent to deal with. Read More Reviews (1)
The First National Bank of Grayson	0.85%	$10,000	-	Learn More Add Review
The Farmers Bank	0.80%	$500	-	Learn More Add Review
First Federal Savings and Loan Association	0.80%	$500	-	Learn More Add Review
Bank of Cadiz and Trust Company	0.80%	$10,000	-	Learn More Add Review
Stock Yards Bank & Trust Company	0.80%	$500	-	Learn More Add Review
The Farmers Bank of Milton	0.80%	$500	-	Learn More Add Review
FIRST NATIONAL BANK OF KENTUCKY	0.80%	$1,000	-	Learn More Add Review
The First National Bank of Brooksville	0.80%	$10,000	-	Learn More Add Review
The First National Bank of Williamson	0.80%	$10,000	-	Learn More Add Review
Fredonia Valley Bank	0.75%	$10,000	-	Learn More Add Review
WesBanco Bank, Inc.	0.75%	$10,000	-	Learn More Add Review
Bedford Loan & Deposit Bank	0.75%	$10,000	-	Learn More Add Review
Pinnacle Bank, Inc.	0.75%	$10,000	-	Learn More Add Review
PBK BANK, INC.	0.75%	$10,000	-	Learn More Add Review
FIRST STATE BANK OF THE SOUTHEAST, INC	0.75%	$10,000	-	Learn More Add Review
Commercial Bank	0.75%	$10,000	-	Learn More Add Review
Hyden Citizens Bank	0.75%	$10,000	-	Learn More Add Review
First Community Bank of the Heartland, Inc.	0.71%	$500	-	Learn More Add Review
First Financial Bank, National Association	0.70%	$10,000	-	Learn More Add Review
First United Bank and Trust Company	0.70%	$10,000	-	Learn More Add Review
United Southern Bank	0.65%	$10,000	-	Learn More Add Review
FirstBank	0.65%	$10,000	-	Learn More Add Review
Morgantown Bank & Trust Company, Incorporated	0.65%	$10,000	-	Learn More Add Review
Central Bank & Trust Company	0.65%	$10,000	-	Learn More
Pbar \| Mar 11, 2023 Best Bank in Lexington. FDIC insured but not ruled by the Fed. Read More Reviews (2)
Bank of the Bluegrass and Trust Company	0.65%	$500	-	Learn More Add Review
South Central Bank, Inc.	0.60%	$10,000	-	Learn More Add Review
Armed Forces Bank, National Association	0.60%	$10,000	-	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
The Peoples Bank	0.60%	$10,000	-	Learn More Add Review
Bank of Maysville	0.60%	$10,000	-	Learn More Add Review
Bank of Lexington, Inc.	0.60%	$10,000	-	Learn More Add Review
The Paducah Bank and Trust Company	0.55%	$5,000	-	Learn More Add Review
The Huntington National Bank	0.50%	$1,000	-	Learn More
Allan \| Mar 18, 2021 I called Huntington yesterday and the branch manager told me that the rate listed on Best Cash Cow doesn't exist......... Read More Reviews (1)
The Monticello Banking Company	0.50%	$500	-	Learn More
Marty Clark \| May 31, 2024 This bank tells you one thing and does another, my experience with them was awful, my account stayed gomed up you could deposit money on Friday and it might not be there showing till Tuesday or later,I'v... Read More Reviews (1)
FNB Bank, Inc.	0.50%	$1,000	-	Learn More Add Review
Planters Bank, Inc.	0.50%	$10,000	-	Learn More Add Review
First Southern National Bank	0.50%	$10,000	-	Learn More Add Review
Republic Bank & Trust Company	0.50%	$10,000	-	Learn More
JEKuhn \| May 20, 2017 I received a check from them, misplaced it and now have found. Two years old. What now? Read More Reviews (1)
First Financial Bank	0.50%	$10,000	-	Learn More Add Review
Peoples Bank of Kentucky, Inc.	0.50%	$10,000	-	Learn More Add Review
Traditional Bank, Inc.	0.50%	$10,000	-	Learn More Add Review
The Farmers National Bank of Danville	0.50%	$10,000	-	Learn More Add Review
The Casey County Bank, Inc.	0.50%	$10,000	-	Learn More Add Review
Home Federal Bank Corporation	0.45%	$10,000	-	Learn More Add Review
Sebree Deposit Bank	0.40%	$500	-	Learn More Add Review
Old National Bank	0.40%	$10,000	-	Learn More
jefflockwoodlaw2288@gmail.com \| Jul 18, 2021 I have a neighbor whose mortgage is with ONB. I am licensed to practice law but I am not writing this review as a lawyer, but rather as a heads up if your spouse should happen to die while you owe any mone... Read More Reviews (2)
Veritex Community Bank	0.40%	$10,000	-	Learn More Add Review
The Citizens National Bank of Lebanon	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)
The Peoples Bank	0.35%	$10,000	-	Learn More Add Review
First Kentucky Bank, Inc.	0.30%	$10,000	-	Learn More Add Review
Farmers Bank and Trust Company	0.30%	$500	-	Learn More Add Review
Banterra Bank	0.25%	$10,000	-	Learn More Add Review
Peoples Bank	0.25%	$10,000	-	Learn More
dionpayne \| Jun 28, 2017 showmethreethousanddollars Read More Reviews (1)
Cumberland Security Bank, Inc.	0.25%	$10,000	-	Learn More Add Review
Security Bank and Trust Co.	0.20%	$10,000	-	Learn More Add Review
Citizens Bank & Trust Co. of Jackson	0.20%	$10,000	-	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)
Fifth Third Bank, National Association	0.01%	$500	-	Learn More
Juan Ricardo \| Nov 12, 2018 Helpful w/$ Read More Reviews (5)

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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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

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.

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Kentucky CD Rates – 5-Year

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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