Highest 5 Year Cd Rates 2017

Brand in november 2017.

Highest 5 year cd rates 2017. Then again five years is a long time to stash your money away so you should consider your options carefully. For example let s assume you have 25 000 to invest in a 5 year cd at a 2 35 interest rate. You saw overall. As of october 2019 the bond yield for a 5 year investment is at 1 34 while the best nationally available 5 year cd rate is 3 00 apy.

Even the best savings accounts can t quite reach the 5 year cd rates you ll find above. The apy annual percentage yield shown is based on the deposit amount selected. Bankrate compares thousands of financial institutions to make it easy for you to apply for the best certificate of deposit rate. Instead of plugging all 25 000 in at once you decide to invest in five separate 5 year cd s.

Other rates fell as the central bank brought its key interest rate down to its lowest point possible. 1 00 apy 5 year. These cds can help you work toward your individual savings goals. If you re simply looking for the highest rates available 5 year cds are going to seem much more appealing than a savings account.

Five year certificates of deposit cds are among the most popular cds because they re often a bank or credit union s highest yielding deposit account. Vystar credit union 1 30 apy 500 minimum. In a falling interest rate environment locking in a decent return for five years can be very appealing. Bankrate s best 5 year cd rates october 2020.

Navy federal credit union apy. Average rates on 5 year cds were slightly higher around 2 2 percent apy. Delta community credit union 1 50 apy 1 000 minimum deposit. The best five year cd rates tend to be much higher than the national average rate of 0 37 apy.

5 year cd rates are among the highest cd rates in the country and offer solid returns for a fixed investment period. Plus 5 year cds lock in their rates at opening for the term of the investment. As online 5 year cd rates have fallen this lead has diminished but the lead remains substantial with the 5yrocd index exceeding the 5 year treasury yield by 59 bps on september 1 2020.