4.00% APY
5 years
N/A
$2,500
Sallie Mae stands out as the top choice because it offers a competitive 4.00% APY for a 5-year CD, making it an attractive option for savers looking to maximize their returns over a longer term.
Pros:
- Competitive APY
- Automatic renewal
Cons:
- Higher minimum deposit
4.10% APY
5 years
N/A
$500
What sets America First Federal Credit Union apart is its low minimum deposit requirement of just $500, allowing more savers to take advantage of their 4.10% APY on a 5-year CD.
Pros:
- Low minimum deposit
- Insured earnings
Cons:
- Limited promotional offers
4.75% APY
5 years
N/A
$1,500
Bread Savings shines for its impressive 4.75% APY on a 5-year CD, making it one of the top options for those looking to lock in a high rate for an extended period.
Pros:
- High APY
- Flexible terms
Cons:
- Higher minimum deposit than some competitors
4.BMO Alto
3.60% APY
5 years
N/A
$0
BMO Alto offers a unique advantage with no minimum deposit requirement, making it accessible for all savers, although its 3.60% APY is lower than some competitors.
Pros:
- No minimum deposit
- Online-only convenience
Cons:
- Lower APY compared to others
3.75% APY
5 years
N/A
$0
Synchrony Bank provides a solid option with its 3.75% APY for a 5-year CD, appealing to those who prefer no minimum balance requirements while still earning interest.
Pros:
- No minimum balance
- Flexible terms
Cons:
- APY not as competitive as others
Final Words
In conclusion, as you consider your options for 5-year CDs this May 2026, providers like Sallie Mae, Marcus by Goldman Sachs, Ally Bank, Capital One, and Discover Bank stand out with competitive rates and terms. Be sure to compare rates, minimum deposits, and other features to find the best fit for your savings goals.
Frequently Asked Questions
The best 5-year CD rates in May 2026 include: 1. Bread Savings - 4.75% APY with a minimum deposit of $1,500. 2. America First Federal Credit Union - 4.10% APY with a minimum deposit of $500. 3. Sallie Mae - 4.00% APY with a minimum deposit of $2,500.
The minimum deposit required for a 5-year CD at Sallie Mae is $2,500.
The APY for a 5-year CD at America First Federal Credit Union is 4.10%.
A Certificate of Deposit (CD) is a savings product that offers a fixed interest rate over a specified term. You deposit a certain amount of money for a set period, and in return, the bank pays you interest at a higher rate than a regular savings account.
When a CD matures, you can withdraw your principal and interest, or you may have the option to roll over the funds into a new CD or another investment.
Yes, CDs offered by banks are typically insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, per bank.
Most banks charge a penalty for early withdrawal from a CD, which can vary based on the bank and the term of the CD. It usually involves forfeiting some interest earned.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| Bread Savings | 4.75% APY | 5 years | $1,500 | Learn more |
| America First Federal Credit Union | 4.10% APY | 5 years | $500 | Learn more |
| Vibrant Credit Union | 4.10% APY | 6 months | $5 | Learn more |
| CommunityWide Federal Credit Union | 4.10% APY | 6 months | $1,000 | Learn more |
| Popular Direct | 4.10% APY | 6 months | $10,000 | Learn more |
| Newtek Bank | 4.10% APY | 6 months | $2,500 | Learn more |
| Live Oak Bank Personal | 4.10% APY | 12 months | $2,500 | Learn more |
| Limelight Bank | 4.03% APY | 1 year | $1,000 | Learn more |
| Marcus by Goldman Sachs | 4.00% APY | 1 year | $500 | Learn more |
| Sallie Mae | 4.00% APY | 5 years | $2,500 | Learn more |
| Marcus by Goldman Sachs High-Yield | 4.00% APY | 12 months | $500 | Learn more |
| TAB Bank | 3.90% APY | 12 months | $1,000 | Learn more |
| My Banking Direct | 3.80% APY | 6 months | $2,500 | Learn more |
| Synchrony Bank | 3.75% APY | 5 years | $0 | Learn more |
| BMO Alto | 3.60% APY | 5 years | $0 | Learn more |
| LendingClub | 3.50% APY | 1 year | $500 | Learn more |
