4.30% APY
5 years
N/A
$1,000
Sullivan Bank stands out as the top choice because it offers a highly competitive 4.30% APY on its 5-year CD, making it an attractive option for savers looking to lock in a solid return. With a minimum deposit of just $1,000 and no maximum limit, it provides flexibility for various investment amounts.
Pros:
- Highly competitive APY
- No maximum deposit limit
Cons:
- Minimum deposit required
2.TAB Bank
4.20% APY
5 years
N/A
$1,000
What sets TAB Bank apart is its commitment to providing competitive rates across all terms, including a solid 4.20% APY for its 5-year CD. This account is designed for those who want to maximize their savings with daily compounding interest.
Pros:
- Competitive rates
- Daily compounding interest
Cons:
- Minimum deposit required
4.20% APY
5 years
N/A
$1,000
This provider shines for its straightforward approach to savings, offering a fixed 4.20% APY on its 5-year CD. With a minimum deposit of $1,000, it ensures that your funds are safely growing while being FDIC insured.
Pros:
- Fixed interest rate for the term
- FDIC insured
Cons:
- Minimum deposit required
4.15% APY
5 years
N/A
$2,500
Sallie Mae Bank offers a competitive 4.15% APY on its 5-year CD, making it a solid choice for those looking to invest a larger sum. The requirement of a $2,500 minimum deposit is offset by the benefits of daily compounding interest.
Pros:
- Daily compounding interest
- Flexible terms
Cons:
- Higher minimum deposit compared to others
4.34% APY
5 years
N/A
$1,000
A key differentiator for Advancial is its tiered rate structure, allowing for a top yield of 4.34% APY on its 5-year jumbo certificate with a $100,000 minimum deposit. This flexibility caters to both small and large savers.
Pros:
- Top-tier rates for larger deposits
- Variety of certificate options
Cons:
- Higher minimum for jumbo rates
4.06% APY
5 years
N/A
$500
Central Bank (UT) offers a competitive 4.06% APY on its 5-year CD, making it an accessible option for savers with a low minimum deposit of just $500. This combination of affordability and solid returns makes it a worthwhile consideration.
Pros:
- Low minimum deposit
- Competitive APY
Cons:
- Standard rates may vary
4.14% APY
5 years
N/A
$500
First Bank & Co. Bottine offers a 4.14% APY on its 5-year CD, which is appealing for those looking for a fixed return with a low minimum deposit of $500. This makes it a practical choice for conservative investors.
Pros:
- Low minimum deposit
- Fixed interest rate
Cons:
- Limited promotional offers
Final Words
In conclusion, as of July 2026, providers like Sullivan Bank, Ally Bank, Marcus by Goldman Sachs, Synchrony Bank, and Discover Bank stand out with competitive 5-year CD rates, making them excellent options for your savings strategy. Be sure to compare rates and terms to find the best fit for your financial goals.
Frequently Asked Questions
The best 5-year CD rate in July 2026 is offered by Sullivan Bank at 4.30% APY.
Both Sullivan Bank and TAB Bank require a minimum deposit of $1,000 for their 5-year CDs.
TAB Bank and United Fidelity Bank both offer 5-year CDs with a 4.20% APY.
A Certificate of Deposit (CD) is a time deposit offered to consumers that provides competitive returns on FDIC insured savings.
Interest on a CD is usually compounded and paid at maturity, which means you earn interest on both your initial deposit and the accumulated interest.
Withdrawing money from a CD before its maturity date usually incurs an early withdrawal penalty, which can reduce your interest earnings.
Yes, CDs are considered a safe investment option as they are typically FDIC insured up to $250,000 per depositor, per bank.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
