3.30% APY
5 years
N/A
$1,000
Limelight Bank stands out as the top choice because it offers a competitive 3.30% APY for its 5-year CD, making it an attractive option for long-term savers. With a minimum deposit of only $1,000, it provides a solid entry point for those looking to lock in their savings.
Pros:
- Competitive APY
- FDIC-insured
Cons:
- Minimum deposit required
- Early withdrawal penalties apply
2.00% APY
5 years
N/A
$2,500
What sets Live Oak Bank apart is its focus on providing a stable return with a fixed 2.00% APY for its 5-year CD. While the minimum deposit is higher at $2,500, the bank's reputation for excellent customer service adds value to the overall experience.
Pros:
- FDIC-insured
- Fixed-rate account
Cons:
- Higher minimum deposit
- Lower APY compared to competitors
3.CFG Bank
3.35% to 3.90% APY
5 years
N/A
$500
CFG Bank shines for its low minimum deposit requirement of just $500, making it accessible for many savers. With competitive rates ranging from 3.35% to 3.90% APY, it offers flexibility and potential for growth in a long-term savings vehicle.
Pros:
- Low minimum deposit
- Daily interest compounding
Cons:
- Variable APY
- Early withdrawal penalties apply
3.80% to 4.00% APY
5 years
N/A
$5,000
A key differentiator for Colorado Federal Savings Bank is its competitive APY range of 3.80% to 4.00% for the 5-year CD, appealing to those who can meet the $5,000 minimum deposit. This bank's strong reputation and secure offerings make it a solid choice for serious savers.
Pros:
- Highly competitive rates
- FDIC-insured
Cons:
- Higher minimum deposit
- Early withdrawal penalties apply
3.70% APY
5 years
N/A
$1,500
Bread Savings offers a competitive 3.70% APY on its 5-year CD, making it an attractive option for those looking to maximize their savings. With a minimum deposit of $1,500 and daily compounding interest, it provides a solid foundation for long-term financial growth.
Pros:
- Daily compounding interest
- No monthly maintenance fees
Cons:
- Minimum deposit higher than some competitors
- Early withdrawal penalties apply
Final Words
In conclusion, March 2026 presents a variety of competitive 5-year CD rates from top providers like Limelight Bank, Ally Bank, Marcus by Goldman Sachs, Discover Bank, and Capital One, offering attractive APYs that can enhance your savings. Remember to compare rates and terms to find the best fit for your financial goals, ensuring you maximize your returns on these secure investments.
Frequently Asked Questions
The best 5-year CD rates in March 2026 include Limelight Bank at 3.30% APY, Live Oak Bank at 2.00% APY, and CFG Bank offering rates from 3.35% to 3.90% APY.
The minimum deposit required for a 5-year CD at Limelight Bank is $1,000.
CFG Bank offers a competitive 5-year CD rate ranging from 3.35% to 3.90% APY, which is among the highest compared to other providers like Limelight Bank and Live Oak Bank.
The minimum deposit required for a 5-year CD at Live Oak Bank is $2,500.
Withdrawing money early from a CD usually incurs penalties, which can reduce your interest earnings or even affect your principal depending on the institution's terms.
CD rates are typically fixed, meaning the interest rate you secure when opening the CD will remain the same for the entire term.
Interest on a 5-year CD is usually paid monthly, quarterly, or annually depending on the bank's policies.
A CD typically offers higher interest rates than a regular savings account but requires you to lock in your money for a specified term, while a savings account allows for more flexible access to your funds.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| Newtek Bank | 4.30% APY | 6 months | $2,500 | Learn more |
| Limelight Bank | 4.15% APY | 6 months | $1,000 | Learn more |
| Bread Savings | 4.15% APY | 9 months | $1,500 | Learn more |
| Northern Bank Direct | 4.15% APY | 3 months | $500 | Learn more |
| Synchrony Bank | 4.10% APY | 14 months | $0 | Learn more |
| LendingClub | 4.10% APY | 8 months | $500 | Learn more |
| Popular Direct | 4.05% APY | 1 year | $10,000 | Learn more |
| Marcus by Goldman Sachs | 4.00% APY | 1 year | $500 | Learn more |
| Sallie Mae Bank | 3.80% APY | 1 year | $2,500 | Learn more |
| Colorado Federal Savings Bank | 3.80% to 4.00% APY | 5 years | $5,000 | Learn more |
| Capital One 360 | 3.75% APY | 1 year | $0 | Learn more |
| Live Oak Bank | 3.60% APY | 6 months | $2,500 | Learn more |
| CFG Bank | 3.35% to 3.90% APY | 5 years | $500 | Learn more |
| Wells Fargo | 0.05% APY | 6 months | $2,500 | Learn more |
