Best 5-Year CD Rates in Manassas Park, Virginia, VA

You are viewing rates from banks across Manassas Park

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

Manassas Park, VA - August 2, 2025

5 Year CD National Average : 0.92% ^?

Banks	APY	MIN	MILES ^?
Popular Direct	4.20%	$10,000	-	Learn More Add Review
Early Withdrawal Penalty is 730 days interest. Rate History: 4.10% → 4.20% → 4.15% → 4.05% → 4.20%
Neil \| 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
EagleBank Fairfax Branch	4.20%	$1,000	-	Learn More Add Review
Merrick Bank	4.05%	$25,000	-	Learn More
Warning: Early Withdrawal Penalty is 2% of the account balance. Rate History: 4.20% → 4.15% → 4.10% → 3.95% → 4.05%
Frank M \| Jul 3, 2023 A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More Reviews (2)
TotalDirect, a division of City National Bank of Florida	4.00%	$25,000	-	Learn More Add Review
Rate History: 3.05% → 3.50% → 4.11% → 4.00%
79Thru \| 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
Sallie Mae Bank	3.80%	$2,500	-	Learn More
Rate History: 4.00% → 3.85% → 3.75% → 3.80%
HAL1975 \| 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 Reviews (40)
Capital One, National Association Capital One, National Association Branch	3.50%	$0	-	Learn More
Rate History: 4.00% → 3.90% → 3.75% → 3.50%
highstream \| 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 Reviews (14)
Forbright Bank Herndon Branch	3.25%	$1,000	-	Learn More
Rate History: 3.00% → 4.00% → 3.50% → 3.25%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More Reviews (2)
Presidential Bank, FSB Rosslyn Branch	3.00%	$1,000	-	Learn More Add Review
Rate History: 2.85% → 3.00%
Benchmark Community Bank Benchmark Community Bank Branch	2.90% 2.00%	$501 $500	-	Learn More Add Review
Rate History: 3.10% → 2.90%
The Farmers Bank of Appomattox The Farmers Bank Of Appomattox Branch	2.85% 2.25%	$100,000 $1,000	-	Learn More Add Review
Rate History: 3.00% → 2.85%
Vio Bank, A Division of MidFirst Bank	2.75%	$500	-	Learn More Add Review
Jim S \| Dec 21, 2023 Very easy to setup 6 month 5.35% CD from cornerstone account Read More
Citizens Glen Allen Colleague Branch	2.75%	$5,000	-	Learn More
Rate History: 3.00% → 2.75%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Citibank, National Association Reston Branch	2.00%	$0	-	Learn More
Azoic \| 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 Reviews (11)
United Bank Falls Church Branch	1.90%	$50	-	Learn More
Jimleestro \| 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 Reviews (1)
Atlantic Union Bank Arbor Drive Branch	1.51%	$1,000	-	Learn More
tedd \| Jun 28, 2021 They bait and switch. Advertise cds at .40 but offer only .04 when in the office. Sharp business practice. Read More Reviews (2)
Woodforest National Bank 0957 Richmond Wal-Mart Branch	1.35%	$500	-	Learn More
Rate History: 1.00% → 1.35% → 1.30% → 1.35%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Chesapeake Bank Chesapeake Bank Branch	1.30%	$1,000	-	Learn More
Gripp13 \| Jan 27, 2023 The worst bank I have ever had Read More Reviews (1)
Powell Valley National Bank Powell Valley National Bank Branch	1.30%	$10,000	-	Learn More Add Review
Bank of Botetourt Bank Of Botetourt Branch	1.21%	$10,000	-	Learn More
GLENN HILL \| Mar 31, 2018 I have banked with Bank of Botetourt since 1960 when it was Bank of Troutville that later merged with Bank of Buchanan before becoming the Bank of Botetourt. An excellent bank with knowledgeable, helpful ... Read More Reviews (1)
Lee Bank and Trust Company Lee Bank And Trust Company Branch	1.16%	$10,000	-	Learn More Add Review
FVCbank First Virginia Community Bank Branch	1.15%	$10,000	-	Learn More Add Review
CornerStone Bank, National Association Cornerstone Bank, National Association Branch	1.11%	$10,000	-	Learn More Add Review
Miners Exchange Bank Miners Exchange Bank Branch	1.10%	$500	-	Learn More Add Review
MainStreet Bank Mainstreet Bank Branch	1.05%	$500	-	Learn More Add Review
Fulton Bank, National Association Bonney Road Branch	1.01%	$1,000	-	Learn More Add Review
Highlands Community Bank Highlands Community Bank Branch	1.00%	$10,000	-	Learn More Add Review
New Horizon Bank, National Association New Horizon Bank, National Association Branch	1.00%	$10,000	-	Learn More Add Review
VCC Bank Vcc Bank Branch	1.00%	$10,000	-	Learn More Add Review
Capon Valley Bank Western Frederick Branch	0.90%	$10,000	-	Learn More Add Review
John Marshall Bank John Marshall Bank Branch	0.90%	$10,000	-	Learn More Add Review
Martinsville First Savings Bank Martinsville First Savings Bank Branch	0.90%	$10,000	-	Learn More Add Review
First Sentinel Bank First Sentinel Bank Branch	0.85%	$10,000	-	Learn More Add Review
First Bank First Bank Branch	0.85%	$500	-	Learn More Add Review
The Freedom Bank of Virginia The Freedom Bank Of Virginia Branch	0.85%	$10,000	-	Learn More Add Review
SKYLINE NATIONAL BANK Skyline National Bank Branch	0.85%	$1,000	-	Learn More Add Review
The Bank of Charlotte County The Bank Of Charlotte County Branch	0.85%	$10,000	-	Learn More Add Review
Bank of Charles Town Middleburg Branch	0.80%	$10,000	-	Learn More Add Review
Burke & Herbert Bank & Trust Company Burke & Herbert Bank & Trust Company Branch	0.80%	$10,000	-	Learn More Add Review
Legacy Bank Grundy National Bank Branch	0.76%	$500	-	Learn More Add Review
MVB Bank, Inc Reston Branch	0.75%	$10,000	-	Learn More Add Review
Farmers & Merchants Bank Farmers & Merchants Bank Branch	0.75%	$10,000	-	Learn More Add Review
Pendleton Community Bank, Inc. Harrisonburg Branch	0.75%	$10,000	-	Learn More Add Review
Citizens Bank and Trust Company Citizens Bank And Trust Company Branch	0.75%	$1,000	-	Learn More Add Review
The Bank of Southside Virginia Smithfield Branch	0.75%	$10,000	-	Learn More Add Review
New Peoples Bank, Inc. New Peoples Bank, Inc. Branch	0.75%	$10,000	-	Learn More Add Review
Movement Bank Movement Bank Branch	0.75%	$10,000	-	Learn More Add Review
First National Bank First National Bank Branch	0.70%	$10,000	-	Learn More Add Review
Pinnacle Bank Valley Bank Branch	0.70%	$10,000	-	Learn More
jchitt@comcast.nrt \| Mar 5, 2019 Pinnacle has not had a 3% CD since Oct of 2018. Read More Reviews (3)
TruPoint Bank Trupoint Bank Branch	0.65%	$1,000	-	Learn More Add Review
The Blue Grass Valley Bank The Blue Grass Valley Bank Branch	0.65%	$10,000	-	Learn More Add Review
Shore United Bank Onley, Va Branch	0.60%	$500	-	Learn More Add Review
Oak View National Bank Oak View National Bank Branch	0.60%	$10,000	-	Learn More Add Review
Armed Forces Bank, National Association Fort Myer Branch	0.60%	$10,000	-	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Hanmi Bank Springfield Branch	0.60%	$100,000	-	Learn More Add Review
Carter Bank & Trust New Castle Branch	0.60%	$10,000	-	Learn More
Tom Brandy \| Aug 5, 2020 How Willian Investments Company Brought Happiness To My Home. Hello Everyone out there! My name is Tom Brandy, from USA, I am using this medium to announce to the general public on how Willian Investmen... Read More Reviews (1)
The Old Point National Bank of Phoebus The Old Point National Bank Of Phoeb Branch	0.60%	$10,000	-	Learn More Add Review
The First Bank and Trust Company The First Bank And Trust Company Branch	0.55%	$10,000	-	Learn More Add Review
Hanmi Bank Springfield Branch	0.55%	$10,000	-	Learn More Add Review
Citizens and Farmers Bank Citizens And Farmers Bank Branch	0.55%	$10,000	-	Learn More Add Review
The Old Point National Bank of Phoebus The Old Point National Bank Of Phoeb Branch	0.55%	$100,000	-	Learn More Add Review
Farmers and Miners Bank Farmers And Miners Bank Branch	0.55%	$100,000	-	Learn More Add Review
The National Bank of Blacksburg Tazewell Main Street Branch	0.52%	$500	-	Learn More Add Review
CIT Bank, a division of First-Citizens Bank and Trust	0.50%	$1,000	-	Learn More Add Review
RTN1949 \| 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
Blue Ridge Bank, National Association Luray Branch	0.50%	$10,000	-	Learn More
Jack \| Jul 20, 2020 This bank is very bad. I am posting my story here now, hoping to make a reference for those friends who want to become their customers. I was very excited when I saw Blue Ridge Bank, N.A. on Google beca... Read More Reviews (1)
Old Dominion National Bank Old Dominion National Bank Branch	0.50%	$10,000	-	Learn More Add Review
Farmers and Miners Bank Farmers And Miners Bank Branch	0.50%	$10,000	-	Learn More Add Review
Bank of the James Bank Of The James Branch	0.40%	$10,000	-	Learn More Add Review
Metro City Bank Centreville Branch	0.33%	$1,000	-	Learn More
thedon \| Mar 29, 2020 have been waiting 8 weeks - yes 8 weeks for a closing date from this bank ..... they keep giving flimsy excuses requesting insignificant and unnecessary paperwork from us ( the seller ) the buyers who know... Read More Reviews (1)
Pioneer Bank Pioneer Bank Branch	0.30%	$10,000	-	Learn More
Charla M \| Jan 12, 2021 We are a commercial customer that have been with Pioneer Bank since 2014 when they were privately held in Dripping Springs. Since they were sold we have been through 3 bank managers and the Manager servic... Read More Reviews (1)
The Fidelity Bank Collinsville Branch	0.30%	$10,000	-	Learn More Add Review
Southern Bank and Trust Company Norfolk Branch	0.30%	$10,000	-	Learn More Add Review
Purepoint MUFG Union	0.25%	$10,000	-	Learn More Add Review
UtahJazz1 \| 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
Chain Bridge Bank, National Association Chain Bridge Bank, National Association Branch	0.25%	$10,000	-	Learn More Add Review
First Community Bank Hillsville Branch	0.25%	$10,000	-	Learn More Add Review
Axos Bank, a division of Bofi Federal Bank	0.20%	$1,000	-	Learn More Add Review
wertlkgt \| 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
Towne Bank Innsbrook Branch	0.20%	$10,000	-	Learn More Add Review
The Bank of Marion The Bank Of Marion Branch	0.20%	$10,000	-	Learn More Add Review
Southern Bank and Trust Company Norfolk Branch	0.20%	$100,000	-	Learn More Add Review
First-Citizens Bank & Trust Company Front Royal Branch	0.15%	$500	-	Learn More
MrBond \| 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 Reviews (3)
First Horizon Bank State Street Branch	0.10%	$1,000	-	Learn More
D R Lineberger \| Dec 30, 2018 Garden14 Read More Reviews (1)
Truist Bank South Hill Main Branch	0.05%	$1,000	-	Learn More
Customer \| Jul 28, 2022 Not at all happy with Truist compared to BB+T. New transaction policy makes them painfully slow. Paying .01 % interest on money market accounts, 13 week T Bill's are around $2.5%.I hope that they are enj... Read More Reviews (6)
PNC Bank, National Association Fall Hill Branch	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Bank of America, National Association Smithfield Branch	0.03%	$100,000	-	Learn More
Treasure \| 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 Reviews (7)

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
EagleBank Fairfax Branch	11166 Fairfax Blvd, Suite 100	Fairfax	VA
Capital One, National Association Capital One, National Association Branch	1680 Capital One Drive	Mclean	VA
Forbright Bank Herndon Branch	150 Elden Street Suite 170	Herndon	VA
Presidential Bank, FSB Rosslyn Branch	1700 North Moore Street	Arlington	VA
Benchmark Community Bank Benchmark Community Bank Branch	100 South Broad Street	Kenbridge	VA
The Farmers Bank of Appomattox The Farmers Bank Of Appomattox Branch	223 Main Street	Appomattox	VA
Citizens Glen Allen Colleague Branch	10561 Telegraph Road	Glen Allen	VA
The Farmers Bank of Appomattox The Farmers Bank Of Appomattox Branch	223 Main Street	Appomattox	VA
Benchmark Community Bank Benchmark Community Bank Branch	100 South Broad Street	Kenbridge	VA
Citibank, National Association Reston Branch	11800 Spectrum Center	Reston	VA
United Bank Falls Church Branch	7787 Leesburg Pike	Falls Church	VA
Atlantic Union Bank Arbor Drive Branch	105 Arbor Drive	Christiansburg	VA
Woodforest National Bank 0957 Richmond Wal-Mart Branch	2501 Sheila Lane	Richmond	VA
Chesapeake Bank Chesapeake Bank Branch	97 North Main Street	Kilmarnock	VA
Powell Valley National Bank Powell Valley National Bank Branch	33785 Main Street	Jonesville	VA
Bank of Botetourt Bank Of Botetourt Branch	19747 Main Street	Buchanan	VA
Lee Bank and Trust Company Lee Bank And Trust Company Branch	41371 West Morgan Avenue	Pennington Gap	VA
FVCbank First Virginia Community Bank Branch	11325 Random Hills Road	Fairfax	VA
CornerStone Bank Cornerstone Bank, National Association Branch	54 South Main Street	Lexington	VA
Miners Exchange Bank Miners Exchange Bank Branch	483 Front Street	Coeburn	VA
MainStreet Bank Mainstreet Bank Branch	10089 Fairfax Blvd	Fairfax	VA
Fulton Bank, National Association Bonney Road Branch	4429 Bonney Road	Virginia Beach	VA
Highlands Community Bank Highlands Community Bank Branch	307 Thacker Avenue	Covington	VA
New Horizon Bank, National Association New Horizon Bank, National Association Branch	2501 Anderson Highway	Powhatan	VA
Locus Bank, Inc. Vcc Bank Branch	110 Peppers Ferry Road Nw	Christiansburg	VA
Capon Valley Bank Western Frederick Branch	6701 Northwestern Pike	Gore	VA
John Marshall Bank John Marshall Bank Branch	1943 Isaac Newton Square East, Suite 100	Reston	VA
Martinsville First Savings Bank Martinsville First Savings Bank Branch	25 W Church Street	Martinsville	VA
First Sentinel Bank First Sentinel Bank Branch	315 Railroad Avenue	Richlands	VA
First Bank First Bank Branch	112 West King Street	Strasburg	VA
The Freedom Bank of Virginia The Freedom Bank Of Virginia Branch	10555 Main Street	Fairfax	VA
SKYLINE NATIONAL BANK Skyline National Bank Branch	113 West Main Street	Independence	VA
The Bank of Charlotte County The Bank Of Charlotte County Branch	101 Berkley Street	Phenix	VA
Bank of Charles Town Middleburg Branch	115 The Plains Road, Suite 150	Middleburg	VA
Burke & Herbert Bank & Trust Company Burke & Herbert Bank & Trust Company Branch	100 South Fairfax Street	Alexandria	VA
Legacy Bank Grundy National Bank Branch	20957 Riverside Drive	Grundy	VA
MVB Bank, Inc Reston Branch	1801 Old Reston Avenue, Suite 103	Reston	VA
Farmers & Merchants Bank Farmers & Merchants Bank Branch	205 S. Main St.	Timberville	VA
Pendleton Community Bank, Inc. Harrisonburg Branch	41 Monte Vista Dr	Harrisonburg	VA
Citizens Bank and Trust Company Citizens Bank And Trust Company Branch	126 South Main Street	Blackstone	VA
The Bank of Southside Virginia Smithfield Branch	115 Main Street	Smithfield	VA
New Peoples Bank, Inc. New Peoples Bank, Inc. Branch	53 Commerce Drive	Honaker	VA
Movement Bank Movement Bank Branch	201 N. Union Street	Danville	VA
First National Bank First National Bank Branch	622 Broad Street	Altavista	VA
Pinnacle Bank Valley Bank Branch	36 Church Avenue Southwest	Roanoke	VA
TruPoint Bank Trupoint Bank Branch	20089 Riverside Drive	Grundy	VA
The Blue Grass Valley Bank The Blue Grass Valley Bank Branch	2583 Blue Grass Valley Road	Blue Grass	VA
Shore United Bank, National Association Onley, Va Branch	25306 Lankford Hwy	Onley	VA
Oak View National Bank Oak View National Bank Branch	128 Broadview Avenue	Warrenton	VA
Armed Forces Bank, National Association Fort Myer Branch	108 Mcnair Road, Building 451	Fort Myer	VA
Hanmi Bank Springfield Branch	6400 Brandon Avenue	Springfield	VA
Carter Bank & Trust New Castle Branch	181 Main Street	New Castle	VA
The Old Point National Bank of Phoebus The Old Point National Bank Of Phoeb Branch	1 West Mellen Street	Hampton	VA
The First Bank and Trust Company The First Bank And Trust Company Branch	359 West Main Street	Lebanon	VA
Hanmi Bank Springfield Branch	6400 Brandon Avenue	Springfield	VA
Citizens and Farmers Bank Citizens And Farmers Bank Branch	Eighth And Main Streets	West Point	VA
The Old Point National Bank of Phoebus The Old Point National Bank Of Phoeb Branch	1 West Mellen Street	Hampton	VA
Farmers and Miners Bank Farmers And Miners Bank Branch	41526 West Morgan Avenue	Pennington Gap	VA
The National Bank of Blacksburg Tazewell Main Street Branch	144 Main Street	Tazewell	VA
Blue Ridge Bank, National Association Luray Branch	17 West Main Street	Luray	VA
Old Dominion National Bank Old Dominion National Bank Branch	4916 Plank Road, Suite 216	North Garden	VA
Farmers and Miners Bank Farmers And Miners Bank Branch	41526 West Morgan Avenue	Pennington Gap	VA
Bank of the James Bank Of The James Branch	615 Church Street	Lynchburg	VA
Metro City Bank Centreville Branch	5900 Centreville Crest Lane, Suite B	Centreville	VA
Pioneer Bank Pioneer Bank Branch	252 East Main Street	Stanley	VA
The Fidelity Bank Collinsville Branch	3300 Virginia Avenue	Collinsville	VA
Southern Bank and Trust Company Norfolk Branch	403 Boush Street	Norfolk	VA
Chain Bridge Bank, National Association Chain Bridge Bank, National Association Branch	1445-A Laughlin Avenue	Mclean	VA
First Community Bank Hillsville Branch	148 North Main Street	Hillsville	VA
TowneBank Innsbrook Branch	4501 Cox Road	Glen Allen	VA
The Bank of Marion The Bank Of Marion Branch	102 West Main Street	Marion	VA
Southern Bank and Trust Company Norfolk Branch	403 Boush Street	Norfolk	VA
First-Citizens Bank & Trust Company Front Royal Branch	305-7 East Main Street	Front Royal	VA
First Horizon Bank State Street Branch	901 West State Street	Bristol	VA
Truist Bank South Hill Main Branch	212 East Atlantic Street	South Hill	VA
PNC Bank, National Association Fall Hill Branch	2403 Fall Hill Avenue	Fredericksburg	VA
Bank of America, National Association Smithfield Branch	303 West Main Street	Smithfield	VA

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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.

SAVINGS & CD CALCULATOR

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Manassas Park, Virginia CD Rates – 5-Year

Branches Info around zip 10007

PRODUCT INFORMATION

Five Year CDs - Branch Banks 2025

Safety

Inflation

Interest

Opening a Five Year CD

ADVANTAGES AND DISADVANTAGES OF FIVE YEAR CDs

Advantages of five year CDs

Disadvantages of five year CDs

SAVINGS & CD CALCULATOR

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