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Best 5-Year CD Rates of 2025

Updated
Brooklyn Sprunger
Author: Brooklyn Sprunger
Brooklyn Sprunger
Brooklyn Sprunger

Brooklyn leads the content team behind product reviews and ratings at Motley Fool Money, ensuring readers get well-researched, expert-backed insights to make smarter financial decisions. With nearly seven years working full-time in financial content -- four of them at The Motley Fool -- she has developed a deep passion for personal finance, from investing strategies to everyday money management. Her financial goals include buying a house and planning as many trips as her budget allows. In her free time, you’ll likely find her listening to a pop culture podcast or telling anyone who will listen to get a high-yield savings account.

See Full Bio

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

A 5-year CD is one of the best ways to lock in today’s rates before they potentially fall later in 2025. If you’re saving for a long-term goal -- like a wedding, down payment, or future tuition bill -- and don’t need the money in the meantime, you can earn a steady return without worrying about market dips.

Just know that five years is a long time to go without touching your money. Most CDs charge a steep penalty if you withdraw early, so it’s best to only commit funds you won’t need during that period. If that’s you? Lock it in now and thank yourself later.

  • Our team of experts assessed 100+ banking institutions
  • We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks
  • Our bank ratings are never influenced by our advertising partners
  • We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased

Compare the top 5-year CDs

Rates as of May 29, 2025
LendingClub CD

LendingClub CD

Member FDIC.
APY:
3.40%
Term:
5 Year
Min. Deposit:
$500
Open Account for LendingClub CD

On LendingClub's Secure Website.

Quontic CD

Quontic CD

Member FDIC.
APY:
3.00%
Term:
5 Year
Min. Deposit:
$500
Open Account for

On Quontic's Secure Website.

Discover® Bank CD

Discover® Bank CD

Member FDIC.
APY:
3.50%
Term:
5 Year
Min. Deposit:
$0
Open Account for

On Discover Bank's Secure Website.

Barclays Online CD

Barclays Online CD

Member FDIC.
APY:
3.25%
Term:
5 Year
Min. Deposit:
$0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.

Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.

Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

Why I like these 5-year CDs

LendingClub CD

Rates as of May 29, 2025

APY = Annual Percentage Yield

Offer image for LendingClub CD
LendingClub CD
Bottom Line

LendingClub CDs don't skimp on interest, offering competitive APYs for all seven of its CD terms, from six months to five years. They're also FDIC insured, ensuring that deposits up to $250,000 are safe and secure.

MINIMUM DEPOSIT $500
Open Account for LendingClub CD

On LendingClub's Secure Website.

6 Mo. APY 10 Mo. APY 1 Yr. APY 14 Mo. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 5 Yr. APY
4.00% 4.00% 3.75% 4.25% 3.50% 3.50% 3.45% 3.40%

Why I like it:
LendingClub CD strikes a nice balance between strong rates and a reasonable minimum deposit ($500). If you’ve got a long-term goal and want a dependable return, this one’s a solid pick.

Read more about LendingClub CDs.

Quontic CD

Rates as of May 29, 2025

APY = Annual Percentage Yield

Offer image for Quontic CD
Quontic CD
Bottom Line

Quontic Bank offers CDs with terms ranging from six months to five years. It offers most of the terms one would expect, though it is missing a 4-year CD, so it may not be ideal for those hoping to build a CD ladder. Its rates are competitive, especially on its longer term CDs, and its minimum deposit is more affordable than what you see with some other top banks.

MINIMUM DEPOSIT $500
Open Account for Quontic CD

On Quontic's Secure Website.

6 Mo. APY 1 Yr. APY 2 Yr. APY 3 Yr. APY 5 Yr. APY
3.75% 3.25% 3.35% 3.25% 3.00%

Why I like it:
Quontic CD lets you lock in for five years without needing to put in a ton of cash upfront — just $500. It’s a solid option for savers who want to commit without overcommitting.

Read more about Quontic CDs.

Discover® Bank CD

Rates as of May 29, 2025

APY = Annual Percentage Yield

Offer image for Discover® Bank CD
Discover® Bank CD
Bottom Line

Discover offers competitive CD rates, particularly when compared to traditional brick-and-mortar banks. It provides a range of unique term lengths, with CDs available for as short as three months and as long as 10 years. This flexibility makes Discover an excellent choice for individuals looking to secure a rate for either a short-term or an extended period.

MINIMUM DEPOSIT $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

3 Mo. APY 6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 30 Mo. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY 7 Yr. APY 10 Yr. APY
2.00% 3.70% 4.00% 4.00% 3.80% 3.80% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%

Why I like it:
With a $0 minimum deposit ($0), Discover® Bank CD is one of the most accessible 5-year CDs out there. The rate is competitive, and Discover’s customer support gives it an extra edge.

Read more about Discover® Bank CDs.

Barclays Online CD

Rates as of May 29, 2025

APY = Annual Percentage Yield

Offer image for Barclays Online CD
Barclays Online CD
Bottom Line

Barclays offers competitive rates on most common CD terms with no minimum balance requirements. There are no monthly fees, so you likely won't lose money unless you try to withdraw your funds early. Those interested in building longer-term CD ladders will find plenty to like here.

MINIMUM DEPOSIT $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
3.80% 3.80% 4.00% 3.25% 3.00% 3.00% 3.00% 3.25%

Why I like it:
Barclays Online CD doesn’t require a minimum deposit ($0), so it’s easy to get started. While it’s not the highest rate on the list, it’s still a dependable option from a big-name bank.

Read more about Barclays Online CDs.

How to choose a 5-year CD

Here’s how to know which CD is right for you:

  • Your timeline: Five years is a long time, so make sure you’re not going to need that cash. Otherwise, you’ll pay hefty early withdrawal penalties.
  • Minimum deposit: Some banks let you start with just $1, others require $500 or more. Pick what fits your budget.
  • Rate vs. flexibility: High APYs are great, but not if they come with fine print that could cost you later. Make sure the terms match your savings goals.
  • Bank reputation: You’ll be with this bank for half a decade. Make sure it’s one you trust, especially if you’ll need to manage your CD online.

Is now a good time to get a 5-year CD?

Yes, as long as you won’t need the money during that time.

Rates are still relatively high, and with the Fed likely to cut rates later in 2025, locking in a 5-year CD now could save you from watching future yields drop. It’s a smart move if you’re sitting on cash earmarked for a long-term goal and want a guaranteed return without market risk.

Just make sure you’re truly in it for the long haul. If there’s any chance you’ll need that money sooner, a high-yield savings account or shorter CD term could give you more flexibility. See the best high-yield savings rates today.

FAQs

  • That depends on your rate and deposit amount. Use a CD calculator to estimate your total earnings based on your starting amount and APY.

  • If you’re confident you won’t need the money, a 5-year CD usually pays more. But if flexibility matters more, go with a high-yield savings account instead.

  • Yes, if you open it with an FDIC-insured bank (all on this page are!), your deposit is protected up to $250,000 per depositor, per bank.