You are viewing rates across Virginia


Virginia CD Rates – 5 Year

Below are 5 year CD Rates from banks that are located in 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.

VA - February 14, 2016

5 Year CD National Average : 1.17% ?

Bank APY MIN MILES ?
Martinsville First Savings Bank 2.02% $500 - Learn MoreShow Less
Washingtonfirst Bank 2.00% $1,000 - Learn MoreShow Less
Old Dominion National Bank 2.00% $500 - Learn MoreShow Less
First Virginia Community Bank 1.90% $1,000 - Learn MoreShow Less
John Marshall Bank 1.87% $500 - Learn MoreShow Less
First Sentinel Bank 1.86% $500 - Learn MoreShow Less
Bank Of Georgetown 1.80% $1,000 - Learn MoreShow Less
River Community Bank, National Association 1.77% $500 - Learn MoreShow Less
Highlands Community Bank 1.76% $100,000 - Learn MoreShow Less
Washingtonfirst Bank 1.76% $1,000 - Learn MoreShow Less
Peoples Community Bank 1.76% $1,000 - Learn MoreShow Less
Cardinal Bank 1.75% $1,000 - Learn MoreShow Less
Eaglebank 1.75% $1,000 - Learn MoreShow Less
Armed Forces Bank, National Association 1.75% $500 - Learn MoreShow Less
The Freedom Bank Of Virginia 1.75% $50 - Learn MoreShow Less
Sandy Spring Bank 1.70% $1,000 - Learn MoreShow Less
Bank Of Lancaster 1.66% $100,000 - Learn MoreShow Less
Bank @lantec 1.65% $95,000 - Learn MoreShow Less
First Century Bank, Inc. 1.61% $500 - Learn MoreShow Less
Bank Of Lancaster 1.61% $1,000 - Learn MoreShow Less
Bank @lantec 1.60% $500 - Learn MoreShow Less
Fulton Bank, National Association 1.60% $1,000 - Learn MoreShow Less
First National Bank 1.56% $500 - Learn MoreShow Less
Virginia Commonwealth Bank 1.56% $500 - Learn MoreShow Less
Summit Community Bank, Inc 1.55% $50,000 - Learn MoreShow Less
Essex Bank 1.55% $500 - Learn MoreShow Less
Presidential Bank, Fsb 1.53% $1,000 - Learn MoreShow Less
Manufacturers And Traders Trust Company 1.51% $1 - Learn MoreShow Less
Village Bank 1.51% $500 - Learn MoreShow Less
Carter Bank & Trust 1.51% $100 - Learn MoreShow Less
Sonabank 1.51% $500 - Learn MoreShow Less
Highlands Community Bank 1.51% $500 - Learn MoreShow Less
Virginia Community Bank 1.51% $500 - Learn MoreShow Less
Summit Community Bank, Inc 1.50% $10,000 - Learn MoreShow Less
Mainstreet Bank 1.50% $500 - Learn MoreShow Less
Bbcn Bank 1.50% $1,000 - Learn MoreShow Less
Frontier Community Bank 1.45% $1,000 - Learn MoreShow Less
Farmers & Merchants Bank 1.41% $1,000 - Learn MoreShow Less
First State Bank 1.40% $500 - Learn MoreShow Less
Chesapeake Bank 1.40% $1,000 - Learn MoreShow Less
Citizens And Farmers Bank 1.40% $500 - Learn MoreShow Less
Cornerstone Bank, National Association 1.36% $500 - Learn MoreShow Less
Community Capital Bank Of Virginia 1.36% $250 - Learn MoreShow Less
Virginia Community Bank 1.35% $500 - Learn MoreShow Less
City National Bank Of West Virginia 1.35% $500 - Learn MoreShow Less
The First Bank And Trust Company 1.35% $500 - Learn MoreShow Less
Pioneer Bank 1.35% $500 - Learn MoreShow Less
Citizens Community Bank 1.35% $1 - Learn MoreShow Less
Congressional Bank 1.35% $1,000 - Learn MoreShow Less
Mvb Bank, Inc 1.35% $50,000 - Learn MoreShow Less
Hometown Bank 1.30% $500 - Learn MoreShow Less
Bank Of The James 1.26% $500 - Learn MoreShow Less
Bank Of Mckenney 1.26% $500 - Learn MoreShow Less
Pendleton Community Bank, Inc. 1.25% $500 - Learn MoreShow Less
United Bank 1.25% $500 - Learn MoreShow Less
New Peoples Bank, Inc. 1.25% $500 - Learn MoreShow Less
The Middleburg Bank 1.25% $500 - Learn MoreShow Less
The Old Point National Bank Of Phoebus 1.25% $500 - Learn MoreShow Less
Metro City Bank 1.24% $1,000 - Learn MoreShow Less
Xenith Bank 1.21% $500 - Learn MoreShow Less
Bank Of Botetourt 1.21% $500 - Learn MoreShow Less
The Capon Valley Bank 1.20% $500 - Learn MoreShow Less
City National Bank Of West Virginia 1.20% $500 - Learn MoreShow Less
Bank Of Floyd 1.20% $500 - Learn MoreShow Less
Miners Exchange Bank 1.20% $500 - Learn MoreShow Less
The Middleburg Bank 1.15% $500 - Learn MoreShow Less
The Blue Grass Valley Bank 1.15% $500 - Learn MoreShow Less
American National Bank And Trust Company 1.15% $500 - Learn MoreShow Less
The Bank Of Fincastle 1.14% $100 - Learn MoreShow Less
Community Bank Of The Chesapeake 1.10% $500 - Learn MoreShow Less
Pnc Bank, National Association 1.10% $10,000 - Learn MoreShow Less
Farmers And Miners Bank 1.05% $100,000 - Learn MoreShow Less
First And Citizens Bank 1.05% $500 - Learn MoreShow Less
Hanmi Bank 1.05% $100,000 - Learn MoreShow Less
Mvb Bank, Inc 1.04% $1,000 - Learn MoreShow Less
Oak View National Bank 1.00% $1,000 - Learn MoreShow Less
Premier Bank, Inc. 1.00% $500 - Learn MoreShow Less
Amg National Trust Bank 1.00% $1,000 - Learn MoreShow Less
First Bank 1.00% $500 - Learn MoreShow Less
First Century Bank, Inc. 1.00% $500 - Learn MoreShow Less
Farmers And Miners Bank 1.00% $500 - Learn MoreShow Less
Select Bank 1.00% $500 - Learn MoreShow Less
The Bank Of Southside Virginia 1.00% $1,000 - Learn MoreShow Less
Bank Of Hampton Roads 1.00% $500 - Learn MoreShow Less
Bank Of Clarke County 1.00% $500 - Learn MoreShow Less
Grayson National Bank 1.00% $1,000 - Learn MoreShow Less
Hanmi Bank 1.00% $1,000 - Learn MoreShow Less
Evb 1.00% $1,000 - Learn MoreShow Less
Access National Bank 1.00% $10,000 - Learn MoreShow Less
Citizens Bank 1.00% $1,000 - Learn MoreShow Less
Highlands Union Bank 0.95% $500 - Learn MoreShow Less
Trupoint Bank 0.95% $1,000 - Learn MoreShow Less
Burke & Herbert Bank & Trust Company 0.90% $10,000 - Learn MoreShow Less
Pnc Bank, National Association 0.90% $100,000 - Learn MoreShow Less
Lee Bank And Trust Company 0.90% $2,500 - Learn MoreShow Less
The Farmers Bank Of Appomattox 0.90% $1,000 - Learn MoreShow Less
Citizens Bank And Trust Company 0.90% $1,000 - Learn MoreShow Less
Benchmark Community Bank 0.90% $500 - Learn MoreShow Less
Powell Valley National Bank 0.86% $500 - Learn MoreShow Less
First Bank 0.85% $1,000 - Learn MoreShow Less
The Bank Of Charlotte County 0.85% $2,500 - Learn MoreShow Less
Td Bank, National Association 0.85% $250 - Learn MoreShow Less
The Peoples Bank 0.80% $1,000 - Learn MoreShow Less
Grundy National Bank 0.76% $500 - Learn MoreShow Less
The Bank Of Charlotte County 0.76% $500 - Learn MoreShow Less
First National Bank 0.75% $1,000 - Learn MoreShow Less
Virginia Bank And Trust Company 0.75% $1,000 - Learn MoreShow Less
Woodforest National Bank 0.75% $500 - Learn MoreShow Less
Bank Of North Carolina 0.70% $100,000 - Learn MoreShow Less
Union Bank & Trust 0.65% $1,000 - Learn MoreShow Less
Pnc Bank, National Association 0.65% $10,000 - Learn MoreShow Less
First Community Bank 0.60% $1,000 - Learn MoreShow Less
Blue Ridge Bank 0.60% $5,000 - Learn MoreShow Less
The National Bank Of Blacksburg 0.59% $500 - Learn MoreShow Less
Southern Bank And Trust Company 0.55% $1,000 - Learn MoreShow Less
Manufacturers And Traders Trust Company 0.55% $1,000 - Learn MoreShow Less
Bank Of North Carolina 0.55% $10,000 - Learn MoreShow Less
The Fauquier Bank 0.50% $500 - Learn MoreShow Less
Citibank, National Association 0.50% $10,000 - Learn MoreShow Less
Branch Banking And Trust Company 0.50% $10,000 - Learn MoreShow Less
Suntrust Bank 0.40% $10,000 - Learn MoreShow Less
The Fidelity Bank 0.40% $10,000 - Learn MoreShow Less
Towne Bank 0.40% $50,000 - Learn MoreShow Less
Southern Bank And Trust Company 0.35% $10,000 - Learn MoreShow Less
Wells Fargo Bank, National Association 0.35% $10,000 - Learn MoreShow Less
Regions Bank 0.35% $500 - Learn MoreShow Less
Towne Bank 0.30% $1,000 - Learn MoreShow Less
First-citizens Bank & Trust Company 0.30% $10,000 - Learn MoreShow Less
Southern Bank And Trust Company 0.25% $100,000 - Learn MoreShow Less
The Bank Of Marion 0.25% $500 - Learn MoreShow Less
Bank Of America, National Association 0.15% $10,000 - Learn MoreShow Less
Hometrust Bank, National Association 0.15% $10,000 - Learn MoreShow Less
Hsbc Bank Usa, National Association 0.15% $1,000 - Learn MoreShow Less

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

  • Ken

    June 09, 2015

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

  • debra

    May 19, 2015

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

  • Sally

    November 19, 2014

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

  • mike

    October 16, 2014

    Bridgewater bank 5 year cd rate is 2.1% now.

  • Charles Voytek

    September 01, 2014

    Rate Bank United Miami Florida 5years please

  • Mike

    July 23, 2014

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

  • Sol

    May 14, 2014

    @Frank

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

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

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

    Sol

  • Frank Rutolo

    May 07, 2014

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

  • Bea

    November 26, 2013

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

  • reader

    November 23, 2013

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

  • «
  • Page 1 of 2
  • 2
  • »

Add Your Comment

 

Five Year CDs - Branch Banks

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

Safety

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

Inflation

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

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

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

Interest

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

Opening a Five Year CD

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

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

Advantages and Disadvantages

Advantages

 · 

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

 · 

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

 · 

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

Disadvantages

 · 

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

 · 

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

 · 

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

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

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

Products by State