1.BTG Pactual Bank
4.50% APY
5 years
N/A
$500
BTG Pactual stands out as the top choice because it offers a competitive rate of 4.50% APY with a low minimum deposit of $500, making it accessible for many savers. Its strong reputation and established presence in the banking sector further enhance its appeal.
Pros:
- Competitive APY
- Low minimum deposit
Cons:
- Variable rates depending on market timing
2.Bread Savings
4.50% APY
5 years
N/A
$1,500
What sets Bread Savings apart is its consistent offering of a 4.50% APY on its 5-year CD, which is attractive for those looking to maximize their savings. The requirement of a $1,500 minimum deposit is reasonable given the competitive rate.
Pros:
- High APY
- Flexible terms
Cons:
- Higher minimum deposit than some competitors
3.Popular Direct
4.50% APY
5 years
N/A
$10,000
The standout feature here is Popular Direct's competitive 4.50% APY, which is appealing for those who can meet the $10,000 minimum deposit. This makes it a solid option for serious savers looking to lock in a good rate.
Pros:
- Competitive rate
- Established provider
Cons:
- High minimum deposit requirement
4.Sallie Mae Bank
4.50% APY
5 years
N/A
$2,500
Sallie Mae Bank offers a competitive 4.50% APY on its 5-year CD, making it an attractive option for savers. The minimum deposit of $2,500 is higher than some competitors, but the rate justifies the investment for many.
Pros:
- Attractive APY
- No monthly fees
Cons:
- Higher minimum deposit compared to some banks
5.Synchrony Bank
4.35% APY
5 years
N/A
$0
Synchrony Bank shines for its no minimum deposit requirement, allowing savers to start earning interest without a significant upfront investment. While its 4.35% APY is slightly lower than the top contenders, the accessibility makes it a strong choice.
Pros:
- No minimum deposit
- Competitive rate
Cons:
- Slightly lower APY than top competitors
Final Words
In conclusion, as you consider investing in a 5-year CD, top providers like BTG Pactual Bank, Ally Bank, Marcus by Goldman Sachs, and Capital One offer competitive rates ranging from 4.15% to 4.45% APY. Remember to compare not just the interest rates, but also the terms and conditions to find the best fit for your financial goals.
Frequently Asked Questions
The best 5-year CD rates in October 2026 include BTG Pactual Bank and Bread Savings, both offering a rate of 4.50% APY.
The minimum deposit required for a 5-year CD at BTG Pactual Bank is $500.
The minimum deposit required for a 5-year CD at Bread Savings is $1,500.
Some of the top providers for 5-year CDs this October include BTG Pactual Bank, Bread Savings, and Popular Direct.
A Certificate of Deposit (CD) is a type of savings account that offers a fixed interest rate for a specified term, during which the funds cannot be withdrawn without a penalty.
The interest on a 5-year CD is usually compounded and paid out at regular intervals, typically monthly or annually, depending on the bank's policies.
If you withdraw money from your 5-year CD before it matures, you may incur an early withdrawal penalty, which could significantly reduce your earnings.
Yes, 5-year CDs are generally considered a safe investment as they are often insured by the FDIC 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.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| NASA Federal Credit Union | 4.55% APY | 12 months | $50 | Learn more |
| BTG Pactual Bank | 4.50% APY | 5 years | $500 | — |
| Popular Direct | 4.50% APY | 5 years | $10,000 | — |
| Bread Savings | 4.50% APY | 5 years | $1,500 | — |
| Sallie Mae Bank | 4.50% APY | 5 years | $2,500 | — |
| EagleBank | 4.45% APY | 1 year | $1,000 | Learn more |
| DR Bank | 4.45% APY | 1 year | $500 | Learn more |
| Quorum Federal Credit Union | 4.35% APY | 1 year | $100 | Learn more |
| Synchrony Bank | 4.35% APY | 5 years | $0 | — |
| Sallie Mae | 4.30% APY | 1 year | $2,500 | Learn more |
| Vibrant Credit Union | 4.25% APY | 6 months | $5 | Learn more |
| CFG Bank | 4.22% APY | 1 year | $500 | Learn more |
| Happen Bank | 4.20% APY | 6 months | $500 | Learn more |
| Accordia Bank | 4.20% APY | 6 months | $1,000 | Learn more |
| Marcus by Goldman Sachs | 4.10% APY | 9 months | $500 | Learn more |
