California

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Rolling Hills Estates, California CD Rates – 5-Year

You are viewing rates from banks across Rolling Hills Estates


Below are 5-year CD Rates from banks that are located in Rolling Hills Estates, { California}. 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.

Rolling Hills Estates, CA - May 25, 2024

5 Year CD National Average : 0.91% ?

Banks APY MIN MILES ?

Rate History: 4.65% → 4.75% → 4.65% → 4.55%

| Oct 16, 2020

HAVE BEEN CALLING YOUR MORTGAGE DEPARTMENT ON "ITIN" LOANS AND HAVE NOT GOT A HUMAN PERSON TO ANSWER OR RETURN MY PHONE CALLS. WHAT IS HAPPEN? PLEASE ADVISE. THANK YOU, Read More

Rate History: 1.00% → 4.50%

Rate History: 4.25% → 4.35% → 4.30% → 4.35% → 4.50%

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.50% → 4.55% → 4.50% → 4.55% → 4.50%

| Nov 21, 2023

A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More

Rate History: 4.71% → 4.70% → 4.44% → 4.49%

| Mar 5, 2021

The best rate on any CD or savings account is .40% Read More

Rate for Senior Citizens is 1.11% APY.
Rate History: 4.59% → 4.84% → 4.58% → 4.47%

Rate History: 4.58% → 4.84% → 4.58% → 4.47%

Rate History: 4.40% → 4.45% → 4.35% → 4.24% → 4.36%

Early Withdrawal Penalty is 6 Months' Interest.

| Jul 1, 2022

not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More

Rate History: 4.20% → 4.30%

| Mar 17, 2023

STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No... Read More

Rate History: 4.00% → 4.25%

| Dec 13, 2019

yes good Read More

| Aug 20, 2019

Very corrupt, disorganized company. Associated with Dovenmuehle and or the same company. Extremely poor ratings all over the internet. Should be sued and closed down. If I could give it -10 stars, that wo... Read More

Rate History: 4.37% → 4.06% → 4.75% → 4.16%

| Apr 19, 2023

This bank was honest and I had no problems with them in person. Not everyone was equally competent but they got help. Read More

Rate History: 3.50% → 4.00% → 4.15%

| Jun 10, 2021

I bank at this bank and they have the best people working there They all have a lot of knowledge and most all have been there a long time they do a great job and have the highest CD rates around Read More

Rate History: 5.00% → 4.75% → 4.50% → 4.25% → 4.15%

| Oct 29, 2018

I believe you must live in Utica or surrounding area to qualify for opening an account with them - I inquired a few years ago Read More

Rate History: 2.93% → 4.50% → 4.47% → 4.32% → 4.06%

Rate History: 4.40% → 4.25% → 4.05%

| Sep 7, 2022

I was considering opening a CD with this bank but I'm having second thoughts due to the many NEGETATIVE reviews. I'm seeking an on line bank with competitive rates and GOOD CUSTOMER SERVICE. Read More

Rate History: 2.99% → 4.00%

| May 6, 2023

Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market. Read More

Rate History: 3.50% → 4.00%

Rate History: 2.90% → 4.00%

| Oct 12, 2022

Service has always been satisfactory. They have my complete trust and endorsement. Great bank in my opinion. Read More

Rate History: 1.00% → 2.75% → 2.75% → 4.00%

| Aug 30, 2023

Try to open account on line make you use PLAID to xfer money PLAID doesn't connect with many banks, Cannot do over phone. Discover, Penfed all ok this bank is useless. I had acct before still bad. Stay aw... Read More

Rate History: 4.50% → 4.25% → 4.00%

4.00%

$1,000

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Rate History: 1.00% → 2.80% → 4.00%

| Feb 9, 2021

The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed. Read More

Rate History: 4.00% → 3.90%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

| Aug 16, 2019

Deceptive Sales Practices: Huge Penalties What an awakening! Without any clear statement, and nothing at all on its website, Avidia charged us 50% of the CD’s FULL TERM interest, including both paid... Read More

Rate History: 1.10% → 1.75% → 3.80%

| Mar 16, 2022

by how much? Read More

Rate History: 3.50% → 4.00% → 3.90% → 3.75%

| Oct 2, 2015

I have a CD maturing on 11/15 please email your CD Rates and contact info. Read More

| Apr 9, 2016

The two women, Shawn and Marcie, were very nice to me and accommodated my every transaction. Read More

| Jan 9, 2021

Used to be a good bank!! Taking money out of my account for something I did not purchase. This is the second time they did this. They do it on Fridays knowing that no one from the Fraud Department isn't th... Read More

Rate History: 0.50% → 3.75%

| Jan 30, 2020

Find branch personnel are genuinely interested in my business. Read More

Rate History: 3.70% → 3.75% → 3.85% → 3.75%

| Apr 25, 2022

We would not be having all this trouble with people sealing money out of other people's bank accounts if we were to just stop using fancy banking like onlinebanki Read More

| Jun 22, 2023

I have been with The Mint Ntl Bank for going on the 3rd yr. They have always taken care of my CD investment and changes that come after the maturity (yearly) date. I highly recommend them! Read More

Rate History: 3.45% → 3.65%

| Dec 3, 2019

Have done business with "Hope's" San Diego branch for a few years. Always courteous and helpful. Looking forward to doing business with them in the future. Read More

| Mar 25, 2020

I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???... Read More

Rate History: 3.82% → 3.56%

Rate History: 1.00% → 3.55%

Rate History: 1.00% → 3.50%

3.50%

$1,000

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3.50%

$1,000

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Rate History: 2.02% → 3.50%

Rate History: 3.50% → 2.50% → 3.50%

| Jun 21, 2022

The new rates have eclipsed shat i currently hold with this bank. Read More

3.50%

$1,000

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Rate History: 1.00% → 3.49%

| Feb 25, 2016

What's your phone number? Read More

Rate History: 3.20% → 3.35%

Rate History: 1.00% → 3.34%

Rate History: 3.00% → 3.25%

| Jul 11, 2018

cd rates Read More

| Mar 27, 2019

Still waiting for a call back from Liz over a long standing,annoying account problem Read More

Rate History: 2.95% → 3.20%

Rate History: 3.90% → 3.75% → 3.10%

Rate History: 2.85% → 3.10%

| Feb 2, 2021

This bank's site shows the 15 mo rate at .45% Read More

3.05%

$1,000

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Rate History: 0.40% → 0.30% → 3.55% → 3.04%

Early Withdrawal Penalty is 12 months interest.
Rate History: 4.00% → 3.00%

Rate History: 2.50% → 3.00%

Rate History: 4.25% → 3.50% → 3.00%

Rate History: 3.25% → 3.00%

| Jul 1, 2022

Very easy opening process and wonderful staff. Read More

| Sep 14, 2023

Used them my whole life! Great little bank! Read More

Rate History: 2.85% → 3.00%

Early Withdrawal Penalty is 6 months interest.
Rate History: 4.75% → 4.45% → 4.00% → 3.00%

| Jun 8, 2016

When is your next shred date @Ramtown? Read More

Rate History: 3.10% → 3.15% → 3.00%

Rate History: 1.70% → 3.00%

| Feb 5, 2020

The employees of this bank are helpful but the bank's systems and procedures for obtaining your account information STINK. If you want a bank that provides you quarterly (or even annual) statements by mai... Read More

2.92%

$10,000

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Rate History: 3.02% → 2.77%

| Oct 13, 2020

Been banking with RCB for 20 years now after today this will probably be my last year I was in a car wreck and my car was a total loss insurance set me a check. When up to the bank to try to catch it so I ... Read More

2.74%

$500

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| Jul 9, 2023

Looks like indexed savings is now at 5.31%. Down, but it still beats anything else here. Why aren't you highlighting this for your readers? Read More

Rate History: 1.67% → 2.69% → 2.59%

Rate History: 3.05% → 2.53%

Rate History: 1.36% → 2.52%

| Jun 25, 2019

can I cash my Progressive Insurance claim check Read More

| Nov 28, 2022

While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More

| Dec 26, 2021

SJennings Read More

2.50%

$500

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| Apr 18, 2017

Village Bank currently has a 15 mo. CD special at 1.50% Read More

Rate History: 0.65% → 2.50%

Rate History: 1.00% → 0.13% → 2.50%

| Nov 13, 2019

My favorite bank in South Dennis MA. There are always sufficient enough staff so that there is never a long waiting line. And the staff is always pleasant and efficient. Read More

Rate History: 1.00% → 2.50%

Rate History: 2.00% → 2.50%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

Rate History: 1.00% → 2.42%

| Feb 6, 2021

After purchasing more than 6 homes and going through more than a dozen refinancing processes, I must say that this is the worst company I have ever had the misfortune of dealing with. It took these clowns ... Read More

| Dec 8, 2023

We have been banking with Citizen's First for 4 years. Their branches, service, website, and employee attitudes are and always have been excellent. Their branches are warmly personal with free buttered po... Read More

| Mar 30, 2021

These guys are the best local bank. Very responsive. Read More

| Jan 8, 2018

Another bad bank! Did a hard pull just to open a checking account with no overdraft and denied me. Never even bothered to send a letter or e-mail. Now I have another inquiry on my credit report for nothin... Read More

Rate History: 1.50% → 2.25%

2.15%

$500

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Rate History: 2.27% → 2.12%

Rate History: 2.10% → 2.15% → 2.10%

| Mar 10, 2021

Northpointe -- my most favorite bank -- held their rate when others dropped -- nice people to deal with -- and -- COURAGE + INTEGRITY. Read More

| Jan 16, 2019

12 mo now pays 2.80% apr Read More

| Oct 11, 2020

You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More

| Feb 18, 2021

Interest rate on 1 year CD is only .40%. Five year term is .80% Read More

Rate History: 0.30% → 2.00%

Rate History: 2.02% → 2.00%

| Aug 5, 2022

The worst customer service during covid. I lost my wallet they were nit understanding when things were shutting down. I knew covid was going to be bad and did not want to be around people. They did nit eve... Read More

Rate History: 2.00% → 3.00% → 2.00%

| Dec 6, 2022

Customer service — unreliable, different CS person gets a different answer. LOB readily accepts your incoming funds, out going of funds the bank puts up a barrage of road blocks. A wire out, a letter FR... Read More

| May 8, 2021

Location: 5069 N. Broadway Chicago IL 60640 Read More

Warning: Early withdrawal penalty is 3.00%.

| Jan 10, 2024

Applied for the Joint 5.50% Hi Yield Savings special. (Note: some places reference it is guaranteed for 6 months, other parts of website only guarantee rate for 3 months). We applied and surprising denied ... Read More

2.00%

$500

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| Feb 25, 2022

I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More

| Feb 13, 2018

Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys an... Read More

Rate History: 1.00% → 2.00%

| Apr 12, 2019

United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. T... Read More

1.81%

$500

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1.77%

$10,000

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| Jun 22, 2019

Worst customer service I Haven ever experienced. No one could tell me anything. Kept interrupting when trying to explain my problem . Wanting to wrap it up quickly. Lost my bank card . Was told I would be ... Read More

1.76%

$10,000

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1.76%

$10,000

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| Dec 4, 2020

Very easy to do business with, low mortgage interest rates without all the fees that other Banks charge. No games or hidden costs, just good service. Read More

1.76%

$10,000

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| Mar 20, 2023

Would not trust their business services department. Read More

1.75%

$10,000

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1.75%

$500

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Rate History: 1.00% → 1.75%

1.75%

$100,000

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1.75%

$10,000

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1.75%

$10,000

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1.75%

$10,000

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1.71%

$10,000

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1.70%

$1,000

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1.70%

$100,000

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| Apr 20, 2023

This is a true blue community bank. When you call you get people that are able to take action and make decisions. Customer service is number 1. Works great for CDs. They have a nice stand alone buildin... Read More

1.70%

$10,000

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1.66%

$100,000

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1.66%

$10,000

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| Jun 28, 2017

showmeonehundredthousanddollars Read More

1.65%

$10,000

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| Jan 21, 2020

Can someone deposits check via ATM Read More

| Feb 2, 2015

Do you accept cd opening deposits from mass. and how. thanks. 100,000 or more if rates can be improved a bit. thanks Read More

1.61%

$10,000

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1.61%

$100,000

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1.60%

$10,000

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1.60%

$10,000

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1.60%

$10,000

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1.56%

$100,000

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1.56%

$100,000

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| May 29, 2020

Dua Read More

1.55%

$100,000

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1.55%

$500

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1.53%

$10,000

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1.53%

$10,000

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Rate History: 1.68% → 1.27% → 1.53%

| Apr 29, 2020

I called this banl there is no this rate Read More

1.53%

$10,000

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1.52%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$100,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$500

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1.51%

$10,000

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1.51%

$500

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1.51%

$1,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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| Jun 28, 2021

They bait and switch. Advertise cds at .40 but offer only .04 when in the office. Sharp business practice. Read More

1.51%

$10,000

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1.51%

$10,000

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1.51%

$100,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$100,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$100,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$100,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.51%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$100,000

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1.50%

$100,000

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1.50%

$2,500

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1.50%

$1,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$500

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1.50%

$1,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$1,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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| Feb 13, 2023

I’ve not been getting my bank card as 3 have been on order now for over 6mths so they keep ordering me new ones after 2mths each time…I live in Canada & No one in Canada is getting there bank cards at ... Read More

1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$10,000

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1.50%

$100,000

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1.50%

$10,000

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1.50%

$10,000

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1.49%

$1,000

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1.49%

$10,000

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1.46%

$10,000

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1.46%

$100,000

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1.46%

$10,000

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1.46%

$10,000

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1.46%

$10,000

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1.46%

$100,000

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| Mar 29, 2017

my ira Read More

1.46%

$100,000

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1.46%

$10,000

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1.46%

$10,000

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| Mar 19, 2021

... Read More

1.45%

$100,000

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1.45%

$10,000

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1.45%

$10,000

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1.41%

$10,000

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1.41%

$500

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1.41%

$100,000

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1.41%

$500

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1.41%

$10,000

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1.41%

$100,000

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1.41%

$60,000

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1.41%

$2,500

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1.41%

$10,000

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1.41%

$25,000

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1.41%

$100,000

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1.41%

$10,000

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1.41%

$100,000

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| Feb 9, 2019

Can I order new checks online? Read More

1.41%

$500

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| Sep 14, 2020

Jamestown KY Read More

1.41%

$10,000

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1.41%

$10,000

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1.41%

$100,000

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1.41%

$500

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1.41%

$100,000

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1.41%

$10,000

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1.41%

$10,000

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1.41%

$100,000

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1.41%

$100,000

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1.41%

$10,000

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1.41%

$100,000

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1.40%

$100,000

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1.40%

$25,000

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1.40%

$10,000

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1.40%

$10,000

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| Oct 23, 2017

How o purchases the special 10% CD rate? Read More

1.40%

$100,000

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1.40%

$500

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1.40%

$100,000

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| Aug 15, 2021

20 Read More

1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$500

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1.40%

$1,000

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1.40%

$100,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$100,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$100,000

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1.40%

$10,000

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1.40%

$10,000

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1.40%

$100,000

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| Jan 30, 2021

Sterling hasn't offered a 1% rate for over a year. Best one can do now is .20%. The rates shown on this site are grossly outdated. Read More

1.40%

$10,000

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1.39%

$10,000

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1.38%

$500

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1.38%

$100,000

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1.38%

$10,000

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1.37%

$10,000

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1.36%

$10,000

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1.36%

$100,000

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1.36%

$10,000

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1.36%

$10,000

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1.36%

$10,000

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1.36%

$10,000

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1.36%

$1,000

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1.36%

$500

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1.36%

$10,000

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1.36%

$500

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1.36%

$10,000

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1.36%

$10,000

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1.36%

$100,000

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1.36%

$100,000

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1.36%

$10,000

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1.36%

$10,000

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1.36%

$5,000

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1.36%

$100,000

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1.36%

$10,000

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1.35%

$100,000

-

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1.35%

$10,000

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1.35%

$10,000

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Rate History: 0.25% → 1.35%

| Jan 29, 2024

Tried to enter information on line to open a 5 year CD, multiple time and wasn't accepted. Talked to a live person who was of no help at all. My credit score is over 800 and I have plenty of money in oth... Read More

1.35%

$100,000

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1.35%

$500

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1.35%

$10,000

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1.35%

$10,000

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1.35%

$100,000

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1.35%

$100,000

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1.35%

$10,000

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1.35%

$100,000

-

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1.35%

$10,000

-

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1.35%

$5,000

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1.35%

$10,000

-

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1.35%

$10,000

-

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1.35%

$100,000

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1.35%

$10,000

-

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1.35%

$10,000

-

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1.35%

$10,000

-

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1.35%

$10,000

-

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1.35%

$100,000

-

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1.35%

$100,000

-

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1.35%

$10,000

-

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1.35%

$100,000

-

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1.35%

$10,000

-

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1.35%

$10,000

-

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Rate History: 1.00% → 1.35%

| Nov 17, 2020

Is notarie services available today at a woodforest on wilkinson blvd Read More

1.35%

$100,000

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1.35%

$10,000

-

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1.33%

$10,000

-

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1.32%

$10,000

-

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1.32%

$10,000

-

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1.31%

$10,000

-

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Rate History: 1.51% → 1.31%

1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$500

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1.31%

$10,000

-

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| Feb 9, 2019

Can I order new checks online? Read More

1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$1,000

-

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1.31%

$100,000

-

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1.31%

$100,000

-

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1.31%

$10,000

-

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| Jan 1, 2020

00Title1! Read More

1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$10,000

-

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1.31%

$100,000

-

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1.31%

$10,000

-

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| Apr 27, 2023

have had 3 cd accounts. all interactions with instructions for disposition of funds were never exactly enacted as discussed and requests for confirmatory emails never sent with details as terms discussed. ... Read More

1.31%

$100,000

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1.31%

$10,000

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1.31%

$10,000

-

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1.30%

$100,000

-

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1.30%

$50,000

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1.30%

$10,000

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1.30%

$100,000

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1.30%

$500

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1.30%

$2,500

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1.30%

$1,000

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1.30%

$10,000

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1.30%

$10,000

-

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1.30%

$100,000

-

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1.30%

$100,000

-

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1.30%

$1,000

-

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1.30%

$100,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$100,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$1,000

-

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| Apr 23, 2021

Billmaryd33@aol.com Read More

| Apr 22, 2022

I am considering finding another bank to do business with Read More

1.30%

$10,000

-

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| Aug 10, 2019

I did not appreciate getting pulled into the 2.53% offer on $100k only to have the rate lowered by the time I finally got the money in. Read More

1.30%

$10,000

-

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1.30%

$500

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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1.30%

$10,000

-

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| Aug 15, 2019

I DO NOT LIKE THIS BANK, MORE THAN ONCE I HAVE BEEN HUMILIATED BY THIS BANK AND THEIR CARDS. Read More

1.29%

$10,000

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1.29%

$10,000

-

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1.29%

$100,000

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1.28%

$100,000

-

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1.27%

$10,000

-

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1.27%

$100,000

-

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1.27%

$10,000

-

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1.26%

$1,000

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1.26%

$10,000

-

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1.26%

$90,000

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$1,000

-

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1.26%

$10,000

-

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| Aug 20, 2022

FNB FOLKSTON,GA, Ga. is the BEST bank to do business with, they go above and beyond for their customers, staff Is Great!! Sure miss some of the former employees though!! Read More

1.26%

$500

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1.26%

$100,000

-

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1.26%

$5,000

-

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1.26%

$10,000

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$500

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1.26%

$500

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| Dec 8, 2016

Not a handicap friendly bank at main office. Customers must walk long distance to reach teller windows far from entrance. CD rates could be improved. Putman County Bank has 1 percent better on larger... Read More

1.26%

$10,000

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1.26%

$500

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| Aug 11, 2019

We have trouble with them crediting payments made on time, by the time point Aand B get your payment and record it, you are always seen as a late payment. This just drives me crazy, also, they don't do all... Read More

1.26%

$500

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1.26%

$10,000

-

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1.26%

$500

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$100,000

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1.26%

$10,000

-

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1.26%

$100,000

-

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| Sep 13, 2021

On September 13th, 2021. I called “SBOK” to verify if the account number matches the business name that is on the check I’ve received. I spoke with a supervisor named Brenda Jones. Brenda informed me... Read More

1.26%

$1,000

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1.26%

$10,000

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1.26%

$10,000

-

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1.26%

$100,000

-

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| Apr 29, 2019

I called to ask about an auto loan that I only have one payment left on and was told that a loan officer would call me back. When she called me back, I asked 2 questions and was treaded like a criminal. Sh... Read More

1.26%

$10,000

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$100,000

-

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Rate History: 1.25% → 1.26%

1.26%

$500

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1.26%

$10,000

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$100,000

-

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| Jan 1, 2020

00Title1! Read More

1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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1.26%

$10,000

-

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| Apr 27, 2023

have had 3 cd accounts. all interactions with instructions for disposition of funds were never exactly enacted as discussed and requests for confirmatory emails never sent with details as terms discussed. ... Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Five Year CDs - Branch Banks 2024

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 longest of the most commonly offered terms. The 5-year CD is therefore often the highest offer at your local bank. Therefore, 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 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-year CDs currently pay about 1.00% 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 OF FIVE YEAR CDs

Advantages of five year CDs

  • 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.

Disadvantages of five year CDs

  • 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, please visit the FDIC website.

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

SAVINGS & CD CALCULATOR

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