4.30% APY
5 years
N/A
$1,000
First National Bank of America stands out as the top choice because it offers a competitive 4.30% APY for its 5-year CD, making it an attractive option for savers looking to lock in a high rate. With a minimum deposit of just $1,000, it provides accessibility for a wide range of investors.
Pros:
- High APY
- Available nationwide
Cons:
- Minimum deposit required
- Early withdrawal penalty
4.18% APY
5 years
N/A
$1,000
What sets NASA Federal Credit Union apart is its strong yield of 4.18% APY on its 5-year CD, coupled with the ability to borrow against the funds if needed. This flexibility, along with a reasonable minimum deposit, makes it a solid choice for savers.
Pros:
- Competitive APY
- Daily compounding interest
Cons:
- Membership required
- Higher minimum for promotional rates
4.00% APY
5 years
N/A
$2,500
Sallie Mae Bank shines for its straightforward 5-year CD offering a 4.00% APY, which is competitive in the current market. Although it requires a higher minimum deposit of $2,500, the daily compounding interest can significantly enhance overall returns.
Pros:
- Daily interest compounding
- Strong online presence
Cons:
- Higher minimum deposit
- Limited promotional offers
3.40% APY
5 years
N/A
$500
LendingClub offers a unique option with its 5-year CD at a fixed 3.40% APY, making it accessible with a low minimum deposit of $500. While the rate may not be the highest available, it provides a reliable way to secure savings over a longer term.
Pros:
- Low minimum deposit
- Fixed rate for 5 years
Cons:
- Lower APY compared to competitors
- No promotional rates
Final Words
In summary, as of June 2026, some of the top providers for 5-year CDs include Sallie Mae Bank, Marcus by Goldman Sachs, Ally Bank, and American Express National Bank, each offering competitive rates to help you maximize your savings. Remember to compare rates and terms among these options to find the best fit for your financial goals.
Frequently Asked Questions
The best 5-year CD rates in June 2026 include: 1. First National Bank of America at 4.30% APY with a minimum deposit of $1,000. 2. NASA Federal Credit Union at 4.18% APY with a minimum deposit of $1,000. 3. Sallie Mae Bank at 4.00% APY with a minimum deposit of $2,500.
The minimum deposit for a 5-year CD at First National Bank of America is $1,000.
With a 5-year CD at NASA Federal Credit Union, you can earn an interest rate of 4.18% APY.
A Certificate of Deposit (CD) is a type of savings account that offers a fixed interest rate for a specified term, typically ranging from a few months to several years.
A 5-year CD requires you to deposit a specified amount of money for a term of five years. In return, the bank pays you interest at a fixed rate, which is generally higher than a regular savings account.
Yes, most banks impose penalties for early withdrawal from a 5-year CD, which can include forfeiting some of the earned interest or a portion of the principal.
When your 5-year CD matures, you typically have the option to withdraw your funds, renew the CD, or transfer the funds to another account.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| First National Bank of America | 4.30% APY | 5 years | $1,000 | Learn more |
| Connexus Credit Union | 4.30% APY | 17 months | $5,000 | Learn more |
| NASA Federal Credit Union | 4.20% APY | 49 months | $10,000 | Learn more |
| Climate First Bank | 4.07% APY | 6 months | $500 | Learn more |
| Popular Direct | 4.05% APY | 1 year | $10,000 | Learn more |
| OMB Bank | 4.05% APY | 3 months | $1,000 | Learn more |
| Sallie Mae Bank | 4.00% APY | 5 years | $2,500 | Learn more |
| Newtek Bank | 4.00% APY | 6 months | $2,500 | Learn more |
| LendingClub | 3.40% APY | 5 years | $500 | Learn more |
| Wells Fargo | 1.50% APY | 1 year | $2,500 | Learn more |
| Bank of America | 0.03% APY | 1 year | $1,000 | Learn more |
