Best 5-Year CD Rates in Midwest City, Oklahoma, OK

You are viewing rates from banks across Midwest City

Below are 5-year CD Rates from banks that are located in Midwest City, { Oklahoma}. 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.

Midwest City, OK - November 19, 2024

5 Year CD National Average : 0.92% ^?

Banks	APY	MIN	MILES ^?
All America Bank	3.25%	$500	-	Learn More
Rate History: 1.00% → 3.49% → 3.25%
larry \| Feb 25, 2016 What's your phone number? Read More Reviews (1)
VALOR BANK	3.05%	$1,000	-	Learn More Add Review
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)
RCB Bank	2.75%	$1,000	-	Learn More
Holly cannady \| Oct 13, 2020 Been banking with RCB for 20 years now after today this will probably be my last year I was in a car wreck and my car was a total loss insurance set me a check. When up to the bank to try to catch it so I ... Read More Reviews (1)
Intrust Bank, National Association	2.50%	$500	-	Learn More Add Review
Rate History: 4.25% → 3.50% → 3.00% → 2.50%
Frontier State Bank	2.07%	$1,000	-	Learn More
JR \| Jan 16, 2019 12 mo now pays 2.80% apr Read More Reviews (2)
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)
BOKF, National Association	1.55%	$100,000	-	Learn More
Aku \| May 29, 2020 Dua Read More Reviews (1)
Exchange Bank and Trust Company	1.51%	$100,000	-	Learn More Add Review
Exchange Bank and Trust Company	1.41%	$10,000	-	Learn More Add Review
The Exchange Bank	1.35%	$10,000	-	Learn More Add Review
AVB Bank	1.30%	$10,000	-	Learn More
should be valued customer \| Apr 22, 2022 I am considering finding another bank to do business with Read More Reviews (2)
Peoples Bank and Trust Company	1.30%	$10,000	-	Learn More Add Review
The First Security Bank	1.25%	$10,000	-	Learn More Add Review
First Pryority Bank	1.17%	$10,000	-	Learn More Add Review
BancCentral, National Association	1.15%	$100,000	-	Learn More Add Review
Security Bank	1.15%	$10,000	-	Learn More Add Review
The Farmers Bank	1.12%	$10,000	-	Learn More Add Review
Armstrong Bank	1.11%	$100,000	-	Learn More
Jennifer King \| Aug 1, 2019 Who is the owner now this day. Read More Reviews (1)
The Bank, National Association	1.10%	$10,000	-	Learn More Add Review
First Summit Bank	1.07%	$10,000	-	Learn More Add Review
Farmers & Merchants Bank	1.07%	$100,000	-	Learn More Add Review
ACB Bank	1.05%	$1,000	-	Learn More Add Review
BancCentral, National Association	1.05%	$10,000	-	Learn More Add Review
Community Bank	1.05%	$100,000	-	Learn More Add Review
Regent Bank	1.05%	$10,000	-	Learn More
Jw \| Jun 27, 2022 It took 4 times contacting this back to get a simple stop payment done. It end up costing over $100 because of their inability to take care of it after the first contact. Read More Reviews (1)
American Bank of Oklahoma	1.05%	$10,000	-	Learn More
Larry watson \| Jan 12, 2016 Very good bank all the way around glad I found them Read More Reviews (1)
Vision Bank, National Association	1.05%	$100,000	-	Learn More Add Review
The First National Bank in Marlow	1.05%	$10,000	-	Learn More Add Review
Bank of Vici	1.01%	$1,000	-	Learn More Add Review
Fidelity Bank, National Association	1.00%	$500	-	Learn More Add Review
Great Plains National Bank	1.00%	$1,000	-	Learn More Add Review
Bank of the Panhandle	1.00%	$100,000	-	Learn More Add Review
Armstrong Bank	1.00%	$10,000	-	Learn More
Jennifer King \| Aug 1, 2019 Who is the owner now this day. Read More Reviews (1)
Cleo State Bank	1.00%	$10,000	-	Learn More Add Review
Security Bank and Trust Company	1.00%	$10,000	-	Learn More Add Review
Bank of Hydro	1.00%	$10,000	-	Learn More Add Review
F & M Bank	1.00%	$10,000	-	Learn More Add Review
Great Nations Bank	1.00%	$10,000	-	Learn More Add Review
Vision Bank, National Association	1.00%	$10,000	-	Learn More Add Review
American Bank of Oklahoma	1.00%	$10,000	-	Learn More
Larry watson \| Jan 12, 2016 Very good bank all the way around glad I found them Read More Reviews (1)
Washita State Bank	1.00%	$10,000	-	Learn More Add Review
Bank of Cordell	1.00%	$10,000	-	Learn More Add Review
Oklahoma Heritage Bank	1.00%	$10,000	-	Learn More
Kaht \| Aug 23, 2021 11 years or so ago, when I first opened an account, it was a nice community oriented bank you could go to for help. Now they only seem to want to help themselves and the already wealthy get wealthier. Read More Reviews (1)
The Peoples National Bank of Checotah	1.00%	$10,000	-	Learn More Add Review
First Texoma National Bank	1.00%	$10,000	-	Learn More Add Review
Farmers & Merchants Bank	0.97%	$10,000	-	Learn More Add Review
Community Bank	0.95%	$10,000	-	Learn More Add Review
First Bank & Trust Company	0.95%	$100,000	-	Learn More Add Review
Local Bank	0.95%	$100,000	-	Learn More Add Review
Frazer Bank	0.95%	$10,000	-	Learn More
Dawnc42 \| Nov 23, 2019 Recently applied for a loan. I was denied. Got the letter stating why, it has things checked like foreclosure and garnishment. I know I never had either. I get a copy of my report. Doesn't show any ... Read More Reviews (1)
Chickasaw Community Bank	0.95%	$10,000	-	Learn More Add Review
Alva State Bank & Trust Company	0.90%	$100,000	-	Learn More Add Review
First Bank & Trust Company	0.90%	$10,000	-	Learn More Add Review
Blue Sky Bank	0.90%	$10,000	-	Learn More Add Review
Local Bank	0.90%	$10,000	-	Learn More Add Review
The Payne County Bank	0.90%	$10,000	-	Learn More Add Review
Community Bank	0.90%	$10,000	-	Learn More Add Review
SpiritBank	0.90%	$10,000	-	Learn More Add Review
Oklahoma Capital Bank	0.90%	$10,000	-	Learn More Add Review
Citizens Bank of Ada	0.90%	$100,000	-	Learn More Add Review
Herring Bank	0.85%	$10,000	-	Learn More
wello50 \| Jul 1, 2021 What day of the month do you report to the credit bureaus Read More Reviews (1)
Stride Bank, National Association	0.85%	$1,000	-	Learn More Add Review
Farmers and Merchants Bank	0.85%	$10,000	-	Learn More Add Review
American Nation Bank	0.85%	$10,000	-	Learn More Add Review
Oklahoma State Bank	0.85%	$10,000	-	Learn More Add Review
Prosperity Bank	0.85%	$100,000	-	Learn More
Jettdawg \| Feb 17, 2022 Worst bank ever. Buying everyone and screwing them up. Read More Reviews (6)
Bank of the Panhandle	0.80%	$10,000	-	Learn More Add Review
Alva State Bank & Trust Company	0.80%	$10,000	-	Learn More Add Review
The First National Bank and Trust Co., Chickasha, Oklahoma	0.80%	$10,000	-	Learn More Add Review
The Pauls Valley National Bank	0.80%	$10,000	-	Learn More Add Review
The State Exchange Bank	0.75%	$1,000	-	Learn More Add Review
The First State Bank of Pond Creek, Oklahoma	0.75%	$10,000	-	Learn More Add Review
Carson Community Bank	0.75%	$100,000	-	Learn More Add Review
CrossFirst Bank	0.75%	$10,000	-	Learn More
gsander \| Nov 7, 2018 now pays 1.46% Read More Reviews (1)
Community National Bank of Okarche	0.70%	$100,000	-	Learn More Add Review
Welch State Bank of Welch, Okla.	0.70%	$100,000	-	Learn More Add Review
Great Southern Bank	0.65%	$250	-	Learn More Add Review
The Bank of Kremlin	0.65%	$10,000	-	Learn More Add Review
Welch State Bank of Welch, Okla.	0.65%	$10,000	-	Learn More Add Review
Carson Community Bank	0.65%	$1,000	-	Learn More Add Review
First State Bank	0.65%	$10,000	-	Learn More Add Review
The City National Bank and Trust Company of Lawton, Oklahoma	0.60%	$10,000	-	Learn More Add Review
NBC OKLAHOMA	0.60%	$10,000	-	Learn More Add Review
Community National Bank of Okarche	0.60%	$10,000	-	Learn More Add Review
Vast Bank, National Association	0.60%	$10,000	-	Learn More Add Review
Community State Bank	0.60%	$10,000	-	Learn More Add Review
First Bank & Trust Co.	0.60%	$1,000	-	Learn More Add Review
Prosperity Bank	0.60%	$10,000	-	Learn More
Jettdawg \| Feb 17, 2022 Worst bank ever. Buying everyone and screwing them up. Read More Reviews (6)
First National Bank and Trust Company of Ardmore	0.60%	$100,000	-	Learn More Add Review
First Fidelity Bank	0.56%	$10,000	-	Learn More
Dianna Jackson \| Dec 1, 2022 I have banked at First Fidelity since 1991 I think. Their banking staff has always been so helpful. I had a person years ago take one of my blank check and cashed it for 250.00. I caught it right away ... Read More Reviews (1)
First Bank & Trust Co.	0.55%	$1,000	-	Learn More Add Review
First National Bank and Trust Company of Ardmore	0.55%	$10,000	-	Learn More Add Review
First National Bank & Trust Company of McAlester	0.55%	$10,000	-	Learn More Add Review
Shamrock Bank, N.A.	0.50%	$10,000	-	Learn More Add Review
MidFirst Bank	0.50%	$1,000	-	Learn More
sharzns \| Jun 17, 2022 Midfirst doesn't seem to encourage any accounts other than checking. I have two. I've tried opening others, but they talk me out of it every single time. Read More Reviews (3)
InterBank	0.50%	$10,000	-	Learn More
Ernie Bramlett \| Sep 30, 2015 Stephenville,Tx branch is very professional, helpful and possibly the best bank I have encountered. If you move to this region, consider this institution. You will be pleasantly satisfied. I in no way... Read More Reviews (1)
Security State Bank of Oklahoma	0.50%	$1,000	-	Learn More Add Review
First Bank and Trust Company	0.50%	$10,000	-	Learn More Add Review
FSNB, National Association	0.50%	$10,000	-	Learn More Add Review
First Bank & Trust Co.	0.50%	$1,000	-	Learn More Add Review
Citizens Bank of Ada	0.50%	$10,000	-	Learn More Add Review
The Farmers State Bank	0.50%	$1,000	-	Learn More Add Review
The State Bank of Wynnewood	0.48%	$10,000	-	Learn More Add Review
McClain Bank	0.40%	$10,000	-	Learn More
Brian \| Dec 30, 2019 Disappointing. My family has been working through McClain bank for a number of services over the years. We've overlooked many mistakes that have been made, but are not going to overlook the terrible custom... Read More Reviews (1)
SNB Bank, National Association	0.36%	$10,000	-	Learn More Add Review
UMB Bank, National Association	0.35%	$10,000	-	Learn More
RS \| Jun 1, 2020 UMB does not honor the rate posted here! Read More Reviews (2)
The First National Bank and Trust Company of Broken Arrow	0.30%	$10,000	-	Learn More Add Review
Commerce Bank	0.30%	$10,000	-	Learn More Add Review
BancFirst	0.30%	$10,000	-	Learn More
renrut2 \| Dec 1, 2021 I have been with bancfirst and love the inperson bank employees. However, online service is more then terrible, it is negligent. I attended an event that encluded troubled kids. On my way home, I stop t... Read More Reviews (2)
Equity Bank	0.25%	$1,000	-	Learn More Add Review
First United Bank and Trust Company	0.25%	$10,000	-	Learn More Add Review
BancFirst	0.20%	$10,000	-	Learn More
renrut2 \| Dec 1, 2021 I have been with bancfirst and love the inperson bank employees. However, online service is more then terrible, it is negligent. I attended an event that encluded troubled kids. On my way home, I stop t... Read More Reviews (2)
BancFirst	0.15%	$10,000	-	Learn More
renrut2 \| Dec 1, 2021 I have been with bancfirst and love the inperson bank employees. However, online service is more then terrible, it is negligent. I attended an event that encluded troubled kids. On my way home, I stop t... Read More Reviews (2)
First-Citizens Bank & Trust Company	0.15%	$500	-	Learn More
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)
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.

See rates for Online Banks →

See rates for Credit Unions →

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.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Use or Change these Amounts And Rates

Cash Savings

Product:

Average Rate:

Best Rate:

Years at Rate:

Tax Rate:

CD Products by State

CD Products by City in Oklahoma

CD Resources

Download a Free eBook

Bank On It:
The No Risk Way To Boost Your Savings

Download

BestCashCow
Guide To Credit Card Travel Rewards

Download

65 Questions to Ask before Choosing a CD

Download

The Insider's Guide
to
Mortgages

Download

Plan and Optimize Your Finances

Midwest City, Oklahoma 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

SAVINGS & CD CALCULATOR

CD Products by State

CD Products by City in Oklahoma

Download a Free eBook