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Image Courtesy: pixabay.com
You are viewing rates from banks across Oklahoma
Below are 5-year CD Rates from banks that are located in 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.
OK - December 11, 2024
5 Year CD National Average : 0.92% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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3.75% |
$1,000 |
- |
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Early Withdrawal Penalty is 180 days interest.
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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 |
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3.50% |
$0 |
- |
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Rate History: 4.00% → 3.90% → 3.75% → 3.50% |
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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 |
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3.25% |
$0 |
- |
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Rate History: 2.60% → 3.25% |
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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 |
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3.25% |
$500 |
- |
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Rate History: 1.00% → 3.49% → 3.25% |
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larry | Feb 25, 2016 What's your phone number? Read More |
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3.05% |
$1,000 |
- |
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3.00% |
$5,000 |
- |
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Dana E. | Mar 20, 2016 Good solid bank. Read More |
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2.90% |
$500 |
- |
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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 |
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2.90% |
$500 |
- |
Learn More
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Savvysaver | Jun 25, 2020 Ok, GFB's site a bit more compliant today. Unfortunately the rate posted here is not current. 1.05% and look at that minimum! Read More |
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2.75% |
$1,000 |
- |
Learn More
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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 |
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2.50% |
$500 |
- |
Learn More
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Rate History: 4.25% → 3.50% → 3.00% → 2.50% |
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2.07% |
$1,000 |
- |
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JR | Jan 16, 2019 12 mo now pays 2.80% apr Read More |
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2.00% |
$0 |
- |
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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 |
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2.00% |
$10,000 |
- |
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Rate History: 2.00% → 2.50% → 2.00% |
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Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
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1.55% |
$100,000 |
- |
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Aku | May 29, 2020 Dua Read More |
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1.51% |
$100,000 |
- |
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1.50% |
$1,000 |
- |
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Rate History: 2.50% → 1.50% |
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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 |
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1.41% |
$10,000 |
- |
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1.35% |
$10,000 |
- |
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1.30% |
$10,000 |
- |
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should be valued customer | Apr 22, 2022 I am considering finding another bank to do business with Read More |
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1.30% |
$10,000 |
- |
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1.25% |
$10,000 |
- |
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1.17% |
$10,000 |
- |
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1.15% |
$100,000 |
- |
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1.15% |
$10,000 |
- |
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1.12% |
$10,000 |
- |
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1.11% |
$100,000 |
- |
Learn More
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Jennifer King | Aug 1, 2019 Who is the owner now this day. Read More |
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1.10% |
$10,000 |
- |
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1.07% |
$10,000 |
- |
Learn More
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1.07% |
$100,000 |
- |
Learn More
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1.05% |
$1,000 |
- |
Learn More
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1.05% |
$10,000 |
- |
Learn More
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1.05% |
$100,000 |
- |
Learn More
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1.05% |
$10,000 |
- |
Learn More
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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 |
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1.05% |
$10,000 |
- |
Learn More
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Larry watson | Jan 12, 2016 Very good bank all the way around glad I found them Read More |
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1.05% |
$100,000 |
- |
Learn More
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1.05% |
$10,000 |
- |
Learn More
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1.01% |
$1,000 |
- |
Learn More
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1.00% |
$500 |
- |
Learn More
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1.00% |
$1,000 |
- |
Learn More
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1.00% |
$100,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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Jennifer King | Aug 1, 2019 Who is the owner now this day. Read More |
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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Larry watson | Jan 12, 2016 Very good bank all the way around glad I found them Read More |
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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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 |
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1.00% |
$10,000 |
- |
Learn More
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1.00% |
$10,000 |
- |
Learn More
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0.97% |
$10,000 |
- |
Learn More
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0.95% |
$10,000 |
- |
Learn More
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0.95% |
$100,000 |
- |
Learn More
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0.95% |
$100,000 |
- |
Learn More
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0.95% |
$10,000 |
- |
Learn More
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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 |
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0.95% |
$10,000 |
- |
Learn More
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0.90% |
$100,000 |
- |
Learn More
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0.90% |
$10,000 |
- |
Learn More
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0.90% |
$10,000 |
- |
Learn More
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0.90% |
$10,000 |
- |
Learn More
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0.90% |
$10,000 |
- |
Learn More
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0.90% |
$10,000 |
- |
Learn More
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0.90% |
$10,000 |
- |
Learn More
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0.90% |
$10,000 |
- |
Learn More
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0.90% |
$100,000 |
- |
Learn More
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0.85% |
$10,000 |
- |
Learn More
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wello50 | Jul 1, 2021 What day of the month do you report to the credit bureaus Read More |
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0.85% |
$1,000 |
- |
Learn More
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0.85% |
$10,000 |
- |
Learn More
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0.85% |
$10,000 |
- |
Learn More
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0.85% |
$10,000 |
- |
Learn More
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0.85% |
$100,000 |
- |
Learn More
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Jettdawg | Feb 17, 2022 Worst bank ever. Buying everyone and screwing them up. Read More |
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0.80% |
$10,000 |
- |
Learn More
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0.80% |
$10,000 |
- |
Learn More
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0.80% |
$10,000 |
- |
Learn More
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0.80% |
$10,000 |
- |
Learn More
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0.75% |
$1,000 |
- |
Learn More
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0.75% |
$10,000 |
- |
Learn More
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0.75% |
$100,000 |
- |
Learn More
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0.75% |
$10,000 |
- |
Learn More
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gsander | Nov 7, 2018 now pays 1.46% Read More |
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0.70% |
$100,000 |
- |
Learn More
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0.70% |
$100,000 |
- |
Learn More
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0.65% |
$250 |
- |
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0.65% |
$10,000 |
- |
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0.65% |
$10,000 |
- |
Learn More
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0.65% |
$1,000 |
- |
Learn More
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0.65% |
$10,000 |
- |
Learn More
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0.60% |
$10,000 |
- |
Learn More
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0.60% |
$10,000 |
- |
Learn More
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0.60% |
$10,000 |
- |
Learn More
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0.60% |
$10,000 |
- |
Learn More
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0.60% |
$10,000 |
- |
Learn More
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0.60% |
$1,000 |
- |
Learn More
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0.60% |
$10,000 |
- |
Learn More
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Jettdawg | Feb 17, 2022 Worst bank ever. Buying everyone and screwing them up. Read More |
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0.60% |
$100,000 |
- |
Learn More
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0.56% |
$10,000 |
- |
Learn More
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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 |
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0.55% |
$1,000 |
- |
Learn More
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0.55% |
$10,000 |
- |
Learn More
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0.55% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$1,000 |
- |
Learn More
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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 |
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0.50% |
$10,000 |
- |
Learn More
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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 |
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0.50% |
$1,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$1,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$1,000 |
- |
Learn More
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0.48% |
$10,000 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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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 |
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0.40% 0.25% |
$1,000 $500 |
- |
Learn More
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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 |
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0.36% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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RS | Jun 1, 2020 UMB does not honor the rate posted here! Read More |
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$10,000 |
- |
Learn More
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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 |
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0.25% |
$1,000 |
- |
Learn More
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0.25% |
$10,000 |
- |
Learn More
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0.20% |
$10,000 |
- |
Learn More
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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 |
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0.15% |
$10,000 |
- |
Learn More
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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 |
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0.15% |
$500 |
- |
Learn More
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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 |
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0.05% |
$2,500 |
- |
Learn More
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Rate History: 0.03% → 0.05% |
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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 |
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0.03% |
$25,000 |
- |
Learn More
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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 |
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0.03% |
$100,000 |
- |
Learn More
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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 |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
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.
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.
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%.
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 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.
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.
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