Best 5-Year CD Rates Today: April 2026 — Earn Up to 4.15% APY 

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A 5-year CD hits a sweet spot that a lot of savers overlook. It’s long enough to lock in a strong rate and let compounding do real work, but short enough that you’re not committing to a full decade. And right now, the best 5-year rate available — 4.15% APY — is actually higher than what most 1-year CDs are offering, which flips the usual logic that shorter terms pay better.

If you have money you’re confident you won’t need until 2030 and you want a guaranteed, zero-risk return, a 5-year CD deserves a serious look.

Today’s Best 5-Year CD Rates

Here’s a look at nine banks or credit unions offering the best five-year CD rates in April 2026.

Where to get the best 5-year CD rate

Right now, the highest rate available on a 5-year CD is 4.15% APY at United Fidelity Bank, fsb through their 60-month online CD special. The $1,000 minimum to earn the rate is standard, though the minimum deposit to open isn’t publicly listed — worth confirming directly with the bank before you apply.

Is a 5-year CD right for you?

A 5-year CD is a good fit if you:

• Have money you won’t need to access until 2030 or later
• Want to lock in today’s rates before potential cuts
• Prefer a guaranteed, fixed return with no market risk
• Are saving toward a specific goal with a known timeline

It’s probably not the right fit if you:

• Might need the money within the next two to three years
• Want flexibility to chase higher rates if the market shifts
• Are comfortable taking on investment risk for higher potential returns

Consider a CD ladder if you want more flexibility

Instead of committing everything to one 5-year CD, spread your money across CDs with staggered terms — for example, 1-year, 3-year, and 5-year. Money becomes available on a rolling basis, you’re never fully locked out, and you can reinvest at current rates as each one matures.

How to compare 5-year CDs

• Early withdrawal penalties Penalties at this term length vary widely — from nothing to a full year of interest. Always calculate the dollar cost of breaking the CD early, not just the number of days. The same 365-day penalty hits very differently on $500 versus $50,000.
• Minimum deposit requirements Five-year CDs can require anywhere from nothing to several thousand dollars. Only consider options you can realistically fund for the full term — committing more than you’re comfortable with is the fastest way to end up breaking a CD early and paying the penalty.
• Bank vs. credit union FDIC and NCUA insurance both cover deposits up to $250,000 per depositor — the protection is equivalent. The main difference is that credit unions often have membership eligibility requirements, so confirm you qualify before applying.
• Locking in vs. staying flexible Five years is long enough for rates to shift meaningfully in either direction. If rates fall during your term, you’ll be earning above the market. If they rise, you’ll be locked in below it. Think carefully about the trade-off between the certainty of a fixed return and the flexibility of a shorter commitment.
• What happens at maturity Most CDs auto-renew at whatever rate is current when they mature. Set a reminder before your maturity date so you’re making an active choice — not defaulting into a rate you never shopped for.

How Much Can You Earn With a 5-Year CD Right Now?

Your CD deposit can impact how much interest you can earn on a 5-year CD. This chart calculates how much you can earn on a 5-year CD paying 3.75% with various deposit amounts: 

Five-Year CD Rate Movement Tracker

This chart shows how national average rates for five-year CDs have fluctuated in the last year, using data from the FDIC.

Are 5-Year CD Rates Going Up or Down?

CD rates for 5-year terms have primarily stayed the same throughout 2025. But Fed rate cuts could change your finances because, as the Fed makes changes to monetary policy, bank account rates fluctuate as well. 

Generally, CD rates go up when the Fed raises rates, and go down when the Fed cuts rates. According to the latest Summary of Economic Projections released by the Fed, the Fed will likely cut rates in the future. Exactly when they will occur, however, depends on economic conditions. 

To understand why rate cuts are anticipated, a brief overview of the last few years may help. The Fed raised interest rates in 2022 and 2023 to tame inflation and get it closer to 2%. CD rates went up during this time, too.

Now, in the last two years, the Fed has only cut rates a few times, primarily maintaining rates while navigating ongoing economic conditions. When you look at historical CD rates, CD rates have dropped a little since 2023, although we’re still seeing some of the best rates in the 3% to 4% range for long-term CDs.

Periods when shorter-term CDs pay higher rates than long-term CDs break from the norm, where banks reward customers for holding money in their accounts longer. That flip-flop is called an inverted yield curve, and it means you’ll find the best rates on 12- or 18-month CDs compared to three-, five- or 10-year CDs.

Should You Open a 5-Year CD Today?

If you’re looking for a solid, guaranteed return on some money that you know you won’t need to touch for at least five years, a CD can be a smart choice. 

Locking your savings into a CD removes the temptation to spend the money. A guaranteed CD interest rate also ensures that your money grows even if interest rates fall.

That said, CDs are subject to interest-rate risk — if interest rates rise, you could be stuck earning a lower rate. You’ll also lose a lot of interest if you withdraw the funds early, so really make sure you don’t need the money to avoid having to withdraw early. 

Compare CD Rates

• Best 3-Month CD Rates
• Best 6-Month CD Rates
• Best 1-Year CD Rates
• Best 5-Year CD Rates
• Best No-Penalty CD Rates
• Best Jumbo CD Rates
• Best No-Penalty CD Rates
• Best CDs With No Minimum Deposit Requirement
• Best CD Accounts

Melanie Grafil, Karen Doyle, Daria Uhlig, Amber Barkley, Sarah Sharkey and Cynthia Measom contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of April 21, 2026.

*Capital One interest rates accurate as of April 21, 2026. See website for all current rates.

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