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Alabama CD Rates – 5 Year

Below are 5 year CD Rates from banks that are located in Alabama. Five Year Certificates of Deposit (CD) are generally the longest term CD that most banks will offer. They tend to offer the highest rates but require the longest commitment. Five year CDs are especially popular in a declining interest rate environment as depositors can lock money in at the highest rate possible for the longest period of time. They are also popular with depositors who are willing to lock up money for five years in return for extra yield.

AL - February 8, 2016

5 Year CD National Average : 1.17% ?

Bank APY MIN MILES ?
Trinity Bank 2.10% $1,000 - Learn MoreShow Less
Evabank 2.02% $1,000 - Learn MoreShow Less
Liberty Bank & Trust Company 2.02% $100,000 - Learn MoreShow Less
First Southern Bank 1.91% $1,000 - Learn MoreShow Less
Liberty Bank & Trust Company 1.91% $1 - Learn MoreShow Less
First Southern State Bank 1.81% $500 - Learn MoreShow Less
The First National Bank And Trust 1.76% $1,000 - Learn MoreShow Less
First Jackson Bank, Inc. 1.75% $1,000 - Learn MoreShow Less
Armed Forces Bank, National Association 1.75% $500 - Learn MoreShow Less
State Bank & Trust 1.75% $500 - Learn MoreShow Less
First Partners Bank 1.70% $1,000 - Learn MoreShow Less
Fnb Bank 1.66% $1,000 - Learn MoreShow Less
First National Bank Of Pulaski 1.65% $10,000 - Learn MoreShow Less
Capstone Bank 1.60% $1,000 - Learn MoreShow Less
Bank Of Pine Hill 1.56% $500 - Learn MoreShow Less
Usameribank 1.55% $500 - Learn MoreShow Less
Alamerica Bank 1.55% $5,000 - Learn MoreShow Less
The Farmers & Merchants Bank 1.51% $2,500 - Learn MoreShow Less
Peoplessouth Bank 1.51% $500 - Learn MoreShow Less
Metro Bank 1.50% $500 - Learn MoreShow Less
The Citizens Bank 1.50% $1,000 - Learn MoreShow Less
Sunsouth Bank 1.50% $250 - Learn MoreShow Less
River Bank & Trust 1.50% $1,000 - Learn MoreShow Less
Cullman Savings Bank 1.50% $1,000 - Learn MoreShow Less
Century Bank 1.50% $1,000 - Learn MoreShow Less
Reliance Bank 1.41% $500 - Learn MoreShow Less
Progress Bank And Trust 1.41% $1,000 - Learn MoreShow Less
Iberiabank 1.40% $100,000 - Learn MoreShow Less
Servisfirst Bank 1.35% $1,000 - Learn MoreShow Less
Iberiabank 1.35% $1,000 - Learn MoreShow Less
Exchange Bank Of Alabama 1.35% $1,000 - Learn MoreShow Less
Bank Independent 1.31% $1,000 - Learn MoreShow Less
First Cahawba Bank 1.31% $500 - Learn MoreShow Less
Union State Bank 1.30% $500 - Learn MoreShow Less
Oakworth Capital Bank 1.30% $10,000 - Learn MoreShow Less
First Us Bank 1.28% $500 - Learn MoreShow Less
First Bank Of Boaz 1.26% $1,000 - Learn MoreShow Less
Bank Of York 1.26% $1 - Learn MoreShow Less
Hnb First Bank 1.25% $500 - Learn MoreShow Less
Beal Bank, Ssb 1.25% $1,000 - Learn MoreShow Less
Firststate Bank 1.25% $500 - Learn MoreShow Less
Southern Community Bank 1.25% $1,000 - Learn MoreShow Less
Citizens' Bank, Inc. 1.25% $1,000 - Learn MoreShow Less
Merchants Bank 1.25% $1,000 - Learn MoreShow Less
The Citizens Bank Of Fayette 1.25% $500 - Learn MoreShow Less
State Bank & Trust Company 1.25% $1,000 - Learn MoreShow Less
Metro City Bank 1.24% $1,000 - Learn MoreShow Less
First Bank 1.20% $500 - Learn MoreShow Less
Cheaha Bank 1.15% $500 - Learn MoreShow Less
Traders & Farmers Bank 1.15% $500 - Learn MoreShow Less
First State Bank Of The South, Inc. 1.15% $500 - Learn MoreShow Less
Cadence Bank, National Association 1.15% $500 - Learn MoreShow Less
First Community Bank Of Central Alabama 1.15% $1,000 - Learn MoreShow Less
Peoplestrust Bank 1.10% $500 - Learn MoreShow Less
Pnc Bank, National Association 1.10% $10,000 - Learn MoreShow Less
Merchants Bank Of Alabama 1.10% $500 - Learn MoreShow Less
Pinnacle Bank 1.10% $1,000 - Learn MoreShow Less
Peoples Bank Of Alabama 1.10% $1,000 - Learn MoreShow Less
Southern Independent Bank 1.07% $100,000 - Learn MoreShow Less
Merchants & Farmers Bank Of Greene County, Alabama 1.06% $1,000 - Learn MoreShow Less
Trustmark National Bank 1.06% $1,000 - Learn MoreShow Less
Ccb Community Bank 1.06% $500 - Learn MoreShow Less
Southern Independent Bank 1.05% $500 - Learn MoreShow Less
Citizens Bank & Trust 1.05% $500 - Learn MoreShow Less
Bank Of The Ozarks 1.01% $1,000 - Learn MoreShow Less
Bank Of York 1.01% $1,000 - Learn MoreShow Less
Synovus Bank 1.01% $10,000 - Learn MoreShow Less
Community Bank, Coast 1.00% $1,000 - Learn MoreShow Less
Noblebank & Trust 1.00% $1,000 - Learn MoreShow Less
The First National Bank Of Brundidge 1.00% $500 - Learn MoreShow Less
West Alabama Bank & Trust 1.00% $1,000 - Learn MoreShow Less
Southfirst Bank 1.00% $500 - Learn MoreShow Less
Southpoint Bank 1.00% $3,000 - Learn MoreShow Less
Auburnbank 1.00% $500 - Learn MoreShow Less
Bank Of Wedowee 1.00% $1,000 - Learn MoreShow Less
Fnb Of Central Alabama 1.00% $500 - Learn MoreShow Less
Friend Bank 1.00% $500 - Learn MoreShow Less
Central State Bank 1.00% $500 - Learn MoreShow Less
The First, A National Banking Association 1.00% $1,000 - Learn MoreShow Less
First Community Bank Of Cullman 1.00% $500 - Learn MoreShow Less
First Community Bank 1.00% $500 - Learn MoreShow Less
Vantage Bank Of Alabama 1.00% $500 - Learn MoreShow Less
Citizens Bank & Trust, Inc 1.00% $500 - Learn MoreShow Less
Bryant Bank 0.95% $100,000 - Learn MoreShow Less
Pnc Bank, National Association 0.95% $100,000 - Learn MoreShow Less
Sweet Water State Bank 0.90% $1,000 - Learn MoreShow Less
Robertson Banking Company 0.90% $1,000 - Learn MoreShow Less
Small Town Bank 0.90% $500 - Learn MoreShow Less
National Bank Of Commerce 0.90% $500 - Learn MoreShow Less
Cb&s Bank, Inc. 0.90% $1,000 - Learn MoreShow Less
Renasant Bank 0.90% $1,000 - Learn MoreShow Less
Southern States Bank 0.88% $500 - Learn MoreShow Less
Farmers And Merchants Bank 0.87% $1,000 - Learn MoreShow Less
Bryant Bank 0.85% $1,000 - Learn MoreShow Less
Synovus Bank 0.85% $1,000 - Learn MoreShow Less
Firstbank 0.85% $5,000 - Learn MoreShow Less
Troy Bank & Trust Company 0.80% $1,000 - Learn MoreShow Less
Bancorpsouth Bank 0.80% $1,000 - Learn MoreShow Less
American Bank Of Huntsville 0.78% $1,000 - Learn MoreShow Less
Community Spirit Bank 0.78% $10,000 - Learn MoreShow Less
Covenant Bank 0.75% $500 - Learn MoreShow Less
First Financial Bank 0.75% $100 - Learn MoreShow Less
First Federal Bank, A Fsb 0.75% $500 - Learn MoreShow Less
Bank Of Brewton 0.75% $1,000 - Learn MoreShow Less
Bank Of Walker County 0.75% $500 - Learn MoreShow Less
Woodforest National Bank 0.75% $500 - Learn MoreShow Less
Amerifirst Bank 0.75% $1,000 - Learn MoreShow Less
Commonwealth National Bank 0.71% $500 - Learn MoreShow Less
Pnc Bank, National Association 0.70% $10,000 - Learn MoreShow Less
Synovus Bank 0.60% $1,000 - Learn MoreShow Less
Whitney Bank 0.50% $1,000 - Learn MoreShow Less
Charterbank 0.50% $1,500 - Learn MoreShow Less
Compass Bank 0.50% $1 - Learn MoreShow Less
Branch Banking And Trust Company 0.50% $10,000 - Learn MoreShow Less
Suntrust Bank 0.40% $10,000 - Learn MoreShow Less
Citizens Trust Bank 0.40% $500 - Learn MoreShow Less
Wells Fargo Bank, National Association 0.35% $10,000 - Learn MoreShow Less
Regions Bank 0.35% $500 - Learn MoreShow Less

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

  • Ken

    June 09, 2015

    The 5 year rate for zip code 76102 shows Compass Bank offering rates of 2.00% and 2.20%. The local Compass Bank however offers 0.50% APY for 5 year money. Can you elaborate on where these rates are pulled from?

  • debra

    May 19, 2015

    synovus says they do not have the rates advertised they say these rates have ended May 19 2015 10 days ago

  • Sally

    November 19, 2014

    If you are doing a TRUST...at Bridgewater Bank...be prepared to haul in all 50-100 pages of your original so they can copy it.

  • mike

    October 16, 2014

    Bridgewater bank 5 year cd rate is 2.1% now.

  • Charles Voytek

    September 01, 2014

    Rate Bank United Miami Florida 5years please

  • Mike

    July 23, 2014

    Bank of the west does not offer a rate of 2% on 5 year term

  • Sol

    May 14, 2014

    @Frank

    Hi Frank, I called and First Choice Bank in NJ is offering a 2.5% APY CD with a platinum checking account. The checking account has an average daily balance requirement of $500. You can see if a First Choice Bank is near your location here:

    http://www.bestcashcow.com/banks/first-choice-bank-branches-58471

    They have branches in the Philadelphia area. Hope that helps.

    Sol

  • Frank Rutolo

    May 07, 2014

    First Choice Bank does not offer a 2.50% 5yr cd.
    I called on 5/6/2014 and was told the rate is 2.05%
    for 5 yrs.

  • Bea

    November 26, 2013

    Please note that First Federal has just a one star rating on Bankrate. We have business with them and some months ago were sent a letter that another bank was supposed to take them over. It seems to have fallen through and I am concerned about First Fed's future. As soon as our CDs mature with them, I hope to find a more financially suitable bank or credit union to switch to. I don't like to do business with one star banks even if they are FDIC insured. When I first got with them they seemed to have much higher ratings.

  • reader

    November 23, 2013

    first federal will do great cd rates at a $500 minimum balance ----such as a 5 year cd for 1.50 apy ----please inquire and update information

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Five Year CDs - Branch Banks

Five year CDs are the big kahuna of the CD world. While banks may offer six year, seven year, or even 10 year CDs, the five year is the most longest of the most common terms. Because they are the longest term, they also generally offer the highest rate of any CD term and the temptation for those looking for yield, is to open one, deposit money, and forget about it for five years. This could be a mistake. In low rate, or rising rate environments, a five year CD may not be a good investment.

Safety

Like every other CD term, five year CDs from FDIC insured banks are protected up to FDIC limits (generally $250,000 per account holder per bank). If your deposit is over the FDIC limit then you may not receive the uninsured money in case of a bank failure.

Inflation

The principle threat to a a five year CD is inflation. If the CD is opened in a low rate environment, and rates and inflation subsequently rise, then inflation will erode the value of the certificate of deposit over its five years. For example, if a depositor opened a five year CD in year 1 with a yield of 2.05% APY and inflation at 1.5%, then the real return is .55 percentage points. But if inflation rises the next year to 2.5% and stays there for the next four years, then the CD in real terms is losing money every year: 2.05% - 2.5% = -.45%.

While it is impossible for anyone to predict too far into the future, savers should be cognizant of the economic environment before locking up money for a five year time-period. Our rate analysis page provides some insight into where we think rates will go.

On the other hand, if rates are falling and will continue to do so for some time due to an economic recession then it makes sense to lock in a higher rate with a five year CD. Savers who opened five year CDs in 2008 immediately after the financial crisis were able to lock in rates in the 6% range, a great move considering two years later a five year CD paid below 3%.

Interest

Five CDs currently pay about 70 percentage points more in interest than a one year CD. In general, CDs of this duration are best opened as part of a laddered CD portfolio or if the depositor thinks that rates will either stagnate or drop over the next couple of years.

Opening a Five Year CD

Opening a five year CD in a branch is relatively easy and similar to every other CD term. Most banks require the customer be a resident of the United States and most branch-based banks ask that the account be opened in the bank. Funding can be performed by transferring money that is already located at that bank or by check or ACH transfer from another bank. The CD can be opened that day and the rate locked.

With longer term CDs, savers should make sure they put a record of the CD in a safe place and that if they move, they forward their new address to the bank. In cases where the bank cannot find the CD holder, the bank may hand the funds over to a state authority as a lost deposit, and it will require onerous paperwork to reclaim the money.

Advantages and Disadvantages

Advantages

 · 

5 year CDs provide the highest rate of the common CD terms.

 · 

The return is fixed for five years, which is an advantage in a flat or falling rate environment.

 · 

Branch-opened CDs can be done quickly in one day.

Disadvantages

 · 

The money is locked away for five years and cannot be withdrawn without a substantial penalty.

 · 

In a rising rate environment, inflation will reduce the value of the money in the CD over time.

 · 

Branch CDs require the saver to visit a branch and be subjected to cross-sell pitches and other marketing tactics.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, you visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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