5 Year Bank CD Rates: Best CD Rate at 1.78 Percent

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Just a few years ago 1 year bank CD rates were higher than where 5 year CD rates are today. These days you can't really find 5 year CD rates at banks above 2.00 percent. The best CD rate on our 5 year rate list is from Barclays Bank, a bank that recently entered the U.S. market.

Barclays Bank is offering 5 year CD interest rates at 1.78 percent with an APY of 1.80 percent. Barclays Bank 5 year rate is 37 basis points higher than the current national average 5 year CD rate of 1.41 percent. The FDIC's national average 5 year rate is even lower at 1.06 percent.



Other banks offering some of the best CD rates on 5 year CDs include Discover Bank, Third Federal Savings and Loan and Intervest National Bank. 5 year CD rates at all three banks are currently at 1.73 percent with an APY of 1.75 percent.

EverBank has the third highest CD rate on our 5 year CD list. EverBank's 5 year CD rates are currently at 1.72 percent with an APY of 1.73 percent. The fourth best 5 year rate on our list is from Ally Bank. Current Ally Bank CD rates on 5 year CDs are at 1.71 percent with an APY of 1.72 percent.

American Bank rounds out the top 5 CD rates on our list. American Bank's current 5 year CD interest rate is at 1.69 percent with an APY of 1.70 percent.

USAA the company known for offering very competitive auto insurance rates also has a bank. USAA Bank has the sixth best CD rate on our list at 1.65 percent with an APY of 1.66 percent.

Three different banks have the seventh highest 5 year CD rate at 1.64 percent with an APY of 1.65 percent. OneWest Bank, Metropolitan National Bank and Colorado Federal Savings Bank are all offering 5 year rates at 1.64 percent.

TAB Bank has the eight highest 5 year CD rate at 1.63 percent with an APY of 1.64 percent. Four banks on our list are offering the ninth highest rate. Bank of Internet USA, First Bank of Indiana, AIG Bank and E-Loan are all offering 60 month CD rates at 1.59 percent with an APY of 1.60 percent.

Rounding out the top 10 CD rates on 5 year certificates of deposit is Ascencia at 1.55 percent with an APY of 1.56 percent. Ascencia Bank is a division of PBI Bank.

All the banks listed here have their deposits insured by the FDIC. In fact all banks on our list are always FDIC insured.
 
Author: Robert Till
July 2nd, 2012