The 13 best 5-year CD rates for July 2020

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The best 5-year CD rates of July 2020

  Editor's rating (out of 5) APY Opening deposit  
Delta Community Credit Union
4.10 1.75% $1,000 Learn more
Navy Federal Credit Union
4.09 1.25% – 1.30% $1,000 Learn more
America First Credit Union
4.09 1.25% $500 Learn more
Synchrony Bank
4.06 1.20% $2,000 Learn more
3.94 1.35% $5,000 Learn more
nbkc bank
3.93 1.20% $1,000 Learn more
First Internet Bank
3.89 1.31% $1,000 Learn more
VyStar Credit Union
3.82 1.40% – 1.50% $500 Learn more
Golden 1 Credit Union
3.81 1.30% – 1.40% $500 Learn more
3.63 1.28% $500 Learn more
First National Bank of America
3.63 1.40% $1,000 Learn more
Connexus Credit Union
3.56 1.56% $5,000 Learn more
Randolph-Brooks Federal Credit Union
3.51 1.21% $1,000 Learn more

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 1.20%. 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.

  • The best 5-year CD rates of July 2020
  • Learn more about our top picks
  • Other 5-year CDs we considered
  • Frequently asked questions

Learn more about our top picks

Delta Community Credit Union Certificate of Deposit

Delta Community Credit Union Delta Community Credit Union Certificate of DepositNavy Federal Credit Union Navy Federal Credit Union Standard CertificateAmerica First Credit Union America First Credit Union CertificateSynchrony Synchrony CDTIAA Bank TIAA Yield Pledge® Certificate of DepositNBKC Bank NBKC Certificate of DepositFirst Internet Bank of Indiana First Internet Bank of Indiana Certificate of DepositVyStar Credit Union VyStar Credit Union Certificate of DepositGolden 1 Credit Union Golden 1 Credit Union Certificate of DepositQuontic Bank Quontic Bank Certificate of DepositFirst National Bank of America First National Bank of America Certificate of DepositConnexus Credit Union Connexus Credit Union Share CertificateRandolph-Brooks Federal Credit Union Randolph-Brooks Federal Credit Union Certificate

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