Kansas

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Overland Park, Kansas CD Rates – 5-Year

You are viewing rates from banks across Overland Park





Below are 5-year CD Rates from banks that are located in Overland Park, { Kansas}. 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.

Overland Park, KS - August 2, 2025

5 Year CD National Average : 0.92% ?

Banks APY MIN MILES ?

Early Withdrawal Penalty is 730 days interest.
Rate History: 4.10% → 4.20% → 4.15% → 4.05% → 4.20%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

Rate History: 3.75% → 4.25% → 4.30% → 4.15% → 4.10%

| 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

Warning: Early Withdrawal Penalty is 2% of the account balance.
Rate History: 4.20% → 4.15% → 4.10% → 3.95% → 4.05%

| Jul 3, 2023

A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More

Rate History: 3.05% → 3.50% → 4.11% → 4.00%

| Mar 21, 2023

Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More

Rate History: 4.00% → 3.85% → 3.75% → 3.80%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Rate History: 1.26% → 2.02% → 3.55%

| 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

Rate History: 1.67% → 2.69% → 2.59% → 3.00%

Rate History: 2.02% → 3.50% → 3.00%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

| 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

Rate History: 3.50% → 2.50% → 3.50% → 2.50%

| Jun 21, 2022

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

Rate History: 2.27% → 2.32%

| Nov 3, 2023

site does not update at all, totally wrong rates listed Read More

Rate History: 4.25% → 3.50% → 3.00% → 2.50% → 2.00%

1.66%

$100,000

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| May 29, 2020

Dua Read More

1.51%

$500

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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%

$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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1.46%

$10,000

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1.46%

$10,000

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1.41%

$500

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| Feb 9, 2019

Can I order new checks online? Read More

1.41%

$500

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1.40%

$10,000

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1.38%

$10,000

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1.36%

$100,000

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1.36%

$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%

$10,000

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1.35%

$10,000

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1.31%

$10,000

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| Feb 9, 2019

Can I order new checks online? Read More

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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1.27%

$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%

$100,000

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1.26%

$10,000

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1.26%

$100,000

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1.26%

$1,000

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1.25%

$10,000

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1.25%

$10,000

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1.25%

$10,000

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1.25%

$10,000

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1.25%

$100,000

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1.25%

$10,000

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1.22%

$1,000

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1.21%

$1,000

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1.21%

$100,000

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1.21%

$10,000

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1.21%

$10,000

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1.20%

$10,000

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1.20%

$10,000

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1.18%

$5,000

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1.16%

$10,000

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1.16%

$10,000

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1.15%

$100,000

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1.15%

$10,000

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1.15%

$10,000

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1.15%

$1,000

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1.15%

$100,000

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1.15%

$50,000

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1.11%

$10,000

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1.11%

$10,000

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1.10%

$50,000

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1.10%

$10,000

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1.10%

$100,000

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1.10%

$10,000

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1.10%

$1

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1.10%

$500

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1.10%

$10,000

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1.09%

$100,000

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1.05%

$50

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1.05%

$100,000

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1.05%

$10,000

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1.05%

$3,000

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1.05%

$10,000

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1.05%

$1,000

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1.01%

$100,000

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1.00%

$5,000

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Rate History: 0.25% → 1.35% → 4.00% → 1.35% → 1.00%

| 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

1.00%

$500

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1.00%

$10,000

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1.00%

$10,000

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1.00%

$10,000

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1.00%

$10,000

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1.00%

$10,000

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1.00%

$10,000

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1.00%

$10,000

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1.00%

$10,000

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1.00%

$10,000

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| Jun 25, 2021

TriCentury is great! They were there for me when my credit was not great, and I haven’t left because of their great customer service. Read More

1.00%

$10,000

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1.00%

$10,000

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1.00%

$1,000

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0.99%

$10,000

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0.97%

$10,000

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0.95%

$10,000

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0.95%

$100,000

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0.95%

$10,000

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0.95%

$10,000

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0.95%

$10,000

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0.95%

$100,000

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0.95%

$10,000

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0.90%

$500

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0.90%

$10,000

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0.90%

$10,000

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0.90%

$10,000

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0.90%

$100,000

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0.90%

$10,000

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0.85%

$1,000

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0.85%

$10,000

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0.85%

$1,000

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0.85%

$10,000

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0.85%

$10,000

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0.85%

$10,000

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0.85%

$10,000

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0.80%

$500

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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0.80%

$10,000

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| Feb 4, 2020

Academy was great helping me open a new account Read More

0.80%

$10,000

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0.75%

$50,000

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$10,000

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0.75%

$500

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0.75%

$5,000

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0.75%

$10,000

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0.70%

$10,000

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0.65%

$250

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0.65%

$500

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| Mar 25, 2015

OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More

0.60%

$10,000

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0.60%

$10,000

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0.60%

$10,000

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0.56%

$10,000

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| Nov 9, 2018

The online banking system for this bank is beyond ridiculous. I have tried on numerous occasions to get help and as soon as I get one issue resolved, sure enough another pops up. From passwords being lock... Read More

0.53%

$10,000

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| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

0.50%

$100,000

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0.50%

$10,000

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0.50%

$10,000

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0.50%

$1

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0.45%

$10,000

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0.40%

$1,000

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| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| Jun 9, 2019

They don't have this rate anymore. 5 year rate is only 3.11 Read More

| Jun 1, 2020

UMB does not honor the rate posted here! Read More

0.30%

$50,000

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0.30%

$10,000

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0.25%

$1,000

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| Jun 10, 2022

This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More

| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

0.20%

$10,000

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| Feb 25, 2023

I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More

0.12%

$500

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0.05%

$10,000

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| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... 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.

Branches Info around zip 10007


Branch Street City State
KS StateBank
Ks Statebank Branch
1010 Westloop Pl Manhattan KS
First Bank
Coronado Branch
201 East Avenue South Lyons KS
Security Bank of Kansas City
Wea St Branch
3 E Wea Street Paola KS
Emprise Bank
Council Grove Branch
20 South Mission Council Grove KS
Argentine Federal Savings
Argentine Federal Savings Branch
3004 Strong Ave Kansas City KS
First Federal Bank of Kansas City
Minnesota Ave Br Branch
711 Minnesota Avenue Kansas City KS
RCB Bank
Rcb Bank Branch
126 South Summit Arkansas City KS
Capitol Federal Savings Bank
Capitol Federal Savings Bank Branch
700 S Kansas Ave Topeka KS
Union Bank and Trust Company
Commercial State Bk. Of Bonner Sprin Branch
309 Oak Street Bonner Springs KS
Intrust Bank, National Association
Intrust Bank, National Association Branch
105 North Main Street Wichita KS
NINNESCAH VALLEY BANK
The First National Bank Of Cunningha Branch
101 East First Street Cunningham KS
BOKF, National Association
Topeka Office Branch
900 South Kansas Avenue, Suite 100 Topeka KS
Citizens Bank
Citizens Bank A Branch Of Security B
2205 S. Main St Fort Scott KS
The State Bank of Bern
The State Bank Of Bern Branch
402 Main St Bern KS
New Century Bank
New Century Bank Branch
1211 28th Street Belleville KS
ESB Financial
Esb Financial Branch
8th And Merchant Streets Emporia KS
Southwind Bank
Southwind Bank Branch
702 North Second Street Natoma KS
Great American Bank
De Soto Branch
33050 West 83rd Street De Soto KS
First National Bank of Kansas
First National Bank Of Kansas Branch
600 North Fourth Street Burlington KS
The Security State Bank
The Security State Bank Branch
101 North Washington Avenue Wellington KS
Union State Bank
Union State Bank Branch
204 Sherman St Uniontown KS
NINNESCAH VALLEY BANK
The First National Bank Of Cunningha Branch
101 East First Street Cunningham KS
Swedish-American State Bank
Swedish-American State Bank Branch
324 Liberty Street Courtland KS
Patriots Bank
East Central Branch
114 East Central Avenue Richmond KS
Country Club Bank
Leavenworth-Delaware Branch
401 Delaware Street Leavenworth KS
The Lyon County State Bank
The Lyon County State Bank Branch
902 Merchant Street Emporia KS
Home Bank and Trust Company
Home Bank And Trust Company Branch
217 North Main Street Eureka KS
Garden Plain State Bank
Garden Plain State Bank Branch
10526 West Maple Street Wichita KS
The First National Bank of Spearville
The First National Bank Of Spearvill Branch
401 North Main St Spearville KS
The Stock Exchange Bank, Caldwell, Kansas
The Stock Exchange Bank, Caldwell, Kansas Branch
103 South Main Street Caldwell KS
Impact Bank
Impact Bank Branch
206 East Harvey Avenue Wellington KS
Mutual Savings Association
Mutual Savings Association, Fsa Branch
100 South 4th St Leavenworth KS
The First State Bank of Healy
The First State Bank Of Healy Branch
Jayhawk Plaza On K-4 Healy KS
The Farmers State Bank of Bucklin, Kansas
The Farmers State Bank Of Bucklin, Kansas Branch
111 N Main St Bucklin KS
Mid-America Bank
Mid-America Bank Branch
802 Ames Street Baldwin City KS
ESB Financial
Esb Financial Branch
8th And Merchant Streets Emporia KS
Country Club Bank
Leavenworth-Delaware Branch
401 Delaware Street Leavenworth KS
Citizens Federal Savings Bank
Citizens Savings And Loan Association, Fsb Branch
5151 S 4th Street Trafficway Leavenworth KS
Ford County State Bank
Ford County State Bank Branch
322 N Main St Spearville KS
Kaw Valley State Bank
Kaw Valley State Bank Branch
737 Main Street Eudora KS
Southwest National Bank
Southwest National Bank Branch
400 East Douglas Avenue Wichita KS
The Lyndon State Bank
The Lyndon State Bank Branch
817 Topeka Avenue Lyndon KS
Astra Bank
Belleville Branch
1205 18th Street Belleville KS
Golden Belt Bank, FSA
Golden Belt Bank, Fsa Branch
901 Washington St Ellis KS
Elk State Bank
Baileyville Branch
611 North Second Street Seneca KS
The Community Bank
The Community Bank Branch
2320 North Kansas Avenue Liberal KS
The Kansas State Bank Overbrook Kansas
The Kansas State Bank Overbrook Kans Branch
400 Maple Street Overbrook KS
Kaw Valley Bank
Kaw Valley Bank Branch
1110 North Kansas Avenue Topeka KS
Farmers and Merchants Bank of Mound City, Kansas
Farmers And Merchants Bank Of Mound City, Kansas Branch
103 S. 5th St. Mound City KS
The Farmers State Bank of Blue Mound
Pleasanton Branch
901 Main Street Pleasanton KS
The Farmers State Bank of Westmoreland
The Farmers State Bank Of Westmorela Branch
307 Main Street Westmoreland KS
The Citizens National Bank
The Citizens National Bank Branch
417 Commercial Street Greenleaf KS
The First State Bank of Healy
The First State Bank Of Healy Branch
Jayhawk Plaza On K-4 Healy KS
Flint Hills Bank
Burlingame Branch
115 South Topeka Avenue Burlingame KS
Halstead Bank
The Halstead Bank At Bentley Branch
101 North Wichita Bentley KS
Andover State Bank
Andover State Bank Branch
511 North Andover Road Andover KS
Stryv Bank
Chisholm Trail State Bank Branch
6160 North Broadway Wichita KS
The First National Bank of Spearville
The First National Bank Of Spearvill Branch
401 North Main St Spearville KS
Lyons Federal Bank
Lyons Federal Bank Branch
200 East Ave South Lyons KS
The State Exchange Bank
The State Exchange Bank Branch
107 South Commercial Street Mankato KS
Heritage Bank
Heritage Bank Branch
3024 Southwest Wanamaker Road Topeka KS
The Denison State Bank
Meriden Branch
3675 74th Street Meriden KS
Legacy Bank
Sedgwick Branch
514 N Commercial Avenue Sedgwick KS
The First National Bank of Hutchinson
The First National Bank Of Hutchinso Branch
1 North Main Street Hutchinson KS
First Commerce Bank
Blue Rapids Branch
21 Public Square Blue Rapids KS
Lyons Federal Bank
Lyons Federal Bank Branch
200 East Ave South Lyons KS
Grant County Bank
Grant County Bank Branch
201 South Main Street Ulysses KS
Farmers and Drovers Bank
Farmers And Drovers Bank Branch
201 West Main Street Council Grove KS
Flint Hills Bank
Burlingame Branch
115 South Topeka Avenue Burlingame KS
The Citizens State Bank
Home State Mcpherson Branch
223 North Main Street Mcpherson KS
Vintage Bank Kansas
Whitewater Branch
126 South Main Street Whitewater KS
Bank of Commerce and Trust Company
Bank Of Commerce And Trust Company Branch
201 West Harvey Avenue Wellington KS
Kaw Valley Bank
Kaw Valley Bank Branch
1110 North Kansas Avenue Topeka KS
Community Bank of Wichita, Inc.
Community Bank Of Wichita, Inc. Branch
11330 East 21st Street Wichita KS
The Farmers State Bank
The Farmers State Bank Branch
209 Montana Avenue Holton KS
State Bank of Downs
Downs Branch
800 Morgan Avenue Downs KS
Community National Bank
Community National Bank Branch
210 Main Street Seneca KS
The Farmers State Bank
The Farmers State Bank Branch
211 St Joseph Street Wathena KS
Grant County Bank
Grant County Bank Branch
201 South Main Street Ulysses KS
The Farmers State Bank
The Farmers State Bank Branch
624 Main Street Dwight KS
Exchange Bank
Exchange Bank Branch
702 North Washington Street Junction City KS
The Citizens State Bank
The Citizens State Bank Branch
601 S. Main Street Hugoton KS
SJN Bank of Kansas
Sjn Bank Of Kansas Branch
116 E 3rd Avenue Saint John KS
First Heritage Bank
First Heritage Bank Branch
620 Fourth Street Centralia KS
Farmers Bank & Trust
Larned Branch
102 West 6th Street Larned KS
Bank of Greeley
Bank Of Greeley Branch
118 W Brown St Greeley KS
Prescott State Bank
Prescott State Bank Branch
283 East Main St Prescott KS
Community National Bank & Trust
Arma Branch
401 East South Street Arma KS
Integrity Bank
The Fowler State Bank Branch
401 Main Street Fowler KS
The Citizens State Bank
Community Branch
101 West North Street Hanover KS
BMO Bank National Association
Pittsburg Branch
417 North Broadway Street Pittsburg KS
The Farmers State Bank
The Farmers State Bank Branch
209 Montana Avenue Holton KS
The Peoples State Bank
The Peoples State Bank Branch
200 West Main Street Cherryvale KS
Conway Bank
Conway Bank Branch
124 West Spring Avenue Conway Springs KS
First National Bank and Trust
West Main Branch
201 West Main Logan KS
The Citizens National Bank
The Citizens National Bank Branch
417 Commercial Street Greenleaf KS
The Community Bank
The Community Bank Branch
2320 North Kansas Avenue Liberal KS
Peoples Bank and Trust Company
Peoples Bank And Trust Company Branch
101 South Main Street Mcpherson KS
The First Security Bank
The First Security Bank Branch
312 Maple Street Overbrook KS
CoreFirst Bank & Trust
Corefirst Bank & Trust Branch
3035 South Topeka Avenue Topeka KS
Labette Bank
Columbus Branch
101 East Maple Street Columbus KS
Fidelity Bank, National Association
Fidelity Bank Branch
100 East English Street Wichita KS
TriCentury Bank
Tricentury Bank Branch
33485 Lexington Avenue De Soto KS
Vintage Bank Kansas
Whitewater Branch
126 South Main Street Whitewater KS
The Valley State Bank
The Valley State Bank Branch
502 North Merchant Street Belle Plaine KS
American Bank of Baxter Springs
American Bank Of Baxter Springs Branch
1201 Military Avenue Baxter Springs KS
The Citizens State Bank
The Citizens State Bank Branch
601 S. Main Street Hugoton KS
The Bank of Tescott
The Bank Of Tescott Branch
104 S Main St Tescott KS
GNBank, National Association
The Girard National Bank Branch
100 East Forest Avenue Girard KS
FNB Bank
First National Bank Branch
202 East Eleventh Street Goodland KS
Union State Bank
Union State Bank Branch
701 5th Street Clay Center KS
FNB Washington
Fnb Washington Branch
101 C Street Washington KS
First Heritage Bank
First Heritage Bank Branch
620 Fourth Street Centralia KS
Johnson State Bank
Johnson State Bank Branch
106 North Main Street Johnson KS
Prairie Bank of Kansas
Prairie Bank Of Kansas Branch
200 South Main Street Stafford KS
Citizens State Bank and Trust Co., Ellsworth, Kansas
Lincoln Branch
100 West Lincoln Ave Lincoln KS
Integrity Bank
The Fowler State Bank Branch
401 Main Street Fowler KS
The Bennington State Bank
Lucas Branch
132 South Main Lucas KS
Community Bank
Community Bank Branch
5431 Southwest 29th Street Topeka KS
Alva State Bank & Trust Company
The First State Bank Kiowa Branch
546 Main Street Kiowa KS
Liberty Bank and Trust Company
1314 North 5th Street Branch
1314 North 5th Street Kansas City KS
SOLUTIONS NORTH BANK
Lenora Branch
105 South Main Street Lenora KS
Adams Bank & Trust
Colby Branch
370 North Franklin Avenue Colby KS
The Wilson State Bank
Hoisington Branch
Second And Main Streets Hoisington KS
United Bank & Trust
Clay Center Branch
502 Lincoln Ave Clay Center KS
Bank of the Plains
The Plains State Bank Branch
411 Grand Ave Plains KS
The Tampa State Bank
The Tampa State Bank Branch
326 North Main Street Tampa KS
The Exchange State Bank of St. Paul, Kansas
The Exchange State Bank Of St. Paul, Kansas Branch
408 5th Street Saint Paul KS
The Riley State Bank of Riley, Kansas
Fmsb-Riley Branch
711 Elm Street Wakefield KS
Farmers & Merchants Bank of Colby
Farmers & Merchants Bank Of Colby Branch
240 West Fourth Street Colby KS
The Farmers State Bank
The Farmers State Bank Branch
412 West Commercial Street Fairview KS
First Bank Kansas
Lindsborg Branch
118 North Main Street Lindsborg KS
First State Bank and Trust
Perry Branch
402 Plaza Drive Perry KS
Johnson State Bank
Johnson State Bank Branch
106 North Main Street Johnson KS
NBH Bank
Lenexa Branch Br # 21
15040 West 87th Street Lenexa KS
Academy Bank, National Association
Merit Bank Branch
10000 College Boulevard Overland Park KS
Alva State Bank & Trust Company
The First State Bank Kiowa Branch
546 Main Street Kiowa KS
KCB Bank
The Kearny County Bank Branch
221 North Main Street Lakin KS
The Citizens National Bank
The Citizens National Bank Branch
417 Commercial Street Greenleaf KS
Community National Bank
Community National Bank Branch
210 Main Street Seneca KS
Dream First Bank, National Association
The First National Bank Of Syracuse Branch
111 South Main Street Syracuse KS
The Kansas State Bank
The Kansas State Bank Branch
236 North Main Street Ottawa KS
Citizens Bank of Kansas
Citizens Bank Of Kansas Branch
300 North Main Street Kingman KS
FirstOak Bank
Firstoak Bank Branch
113 North Penn Avenue Independence KS
Goppert State Service Bank
Hepler Branch
101 North Prarie Avenue Hepler KS
Great Southern Bank
Osawatomie Branch
519 South Sixth Street Osawatomie KS
The First National Bank of Louisburg
The First National Bank Of Louisburg Branch
1201 West Amity Street Louisburg KS
Armed Forces Bank, National Association
Armed Forces Bank, National Association Branch
320 Kansas Avenue Fort Leavenworth KS
Landmark National Bank
Osage City Branch
102 South Sixth Street Osage City KS
KCB Bank
The Kearny County Bank Branch
221 North Main Street Lakin KS
The City National Bank and Trust Company of Lawton, Oklahoma
Kellogg Branch
11411 E Kellogg Drive Wichita KS
Bank of Prairie Village
Bank Of Prairie Village Branch
3515 W. 75th Street Prairie Village KS
Bank of Labor
Bank Of Labor Branch
756 Minnesota Avenue Kansas City KS
Cornerstone Bank
Cornerstone Bank Branch
9120 W. 135th Street Overland Park KS
The First National Bank of Hope
The First National Bank Of Hope Branch
112 North Main Street Hope KS
Union State Bank
Union State Bank Branch
204 E Hwy 16 Olsburg KS
ANB Bank
Lenexa Premier Branch
15301 W 87th Street Parkway Lenexa KS
NBKC Bank
Nbkc Bank Branch
10700 Nall Ave Overland Park KS
The First National Bank of Hope
The First National Bank Of Hope Branch
112 North Main Street Hope KS
Fidelity State Bank and Trust Company
Fidelity State Bank And Trust Compan Branch
600 Kansas Avenue Topeka KS
U.S. Bank National Association
Crosby Place Branch
719 South Kansas Avenue Topeka KS
Outdoor Bank
Peoples St Bk Br Branch
304 Rawlins Avenue Mc Donald KS
UMB Bank, National Association
Abilene Branch
400 North Broadway Abilene KS
Central National Bank
201 South Fourth Street Branch
201 South Fourth Street Burlington KS
Commerce Bank
Manhattan Main Branch
727 Poyntz Ave Manhattan KS
Equity Bank
Equity Ellis Branch
916 Washington Street Ellis KS
U.S. Bank National Association
Crosby Place Branch
719 South Kansas Avenue Topeka KS
Central National Bank
201 South Fourth Street Branch
201 South Fourth Street Burlington KS
First-Citizens Bank & Trust Company
Overland Park Branch
7850 College Blvd Overland Park KS
First National Bank of Omaha
Overland Park Branch
9700 Metcalf Overland Park KS
FNB Bank
First National Bank Branch
202 East Eleventh Street Goodland KS
Bank of America, National Association
Lenexa Branch
12345 West 95th Street Lenexa KS


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PRODUCT INFORMATION

Five Year CDs - Branch Banks 2025

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.

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