BEST OF

14 Best 5-Year CD Rates for November 2021

Spencer TierneyNov 1, 2021

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The best five-year CD rates tend to be much higher than the national average rate of 0.24% APY. These CDs can help you work toward your individual savings goals.

Why trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.

» Want to see a wider pool of high rates? See our list of the best high-interest accounts

Summary of Best 5-Year CD Rates for November 2021

Quontic Bank CD
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at Quontic Bank, Member FDIC

Quontic Bank CD

5.0

NerdWallet rating 
Quontic Bank CD

Minimum Deposit

$500

Member FDIC

APY

1.11%
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at Quontic Bank, Member FDIC


Why we like it

The online-focused Quontic Bank provides a strong set of CDs, including its five-year term. The minimum to open is low.

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Comenity Direct CD
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at Comenity Direct, Member FDIC

Comenity Direct CD

5.0

NerdWallet rating 
Comenity Direct CD

Minimum Deposit

$1,500

Member FDIC

APY

0.85%
Learn more

at Comenity Direct, Member FDIC


Why we like it

Comenity Direct has a somewhat hefty minimum for its high-yield CDs but stellar rates.

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PenFed Credit Union CD

5.0

NerdWallet rating 
PenFed Credit Union CD

Minimum Deposit

$1,000

Federally insured by the NCUA

APY

1.25%

Why we like it

Pentagon Federal Credit Union offers money market certificates, which are its CD equivalent, with a lower opening minimum than many online banks' CDs.

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TAB Bank CD

5.0

NerdWallet rating 
TAB Bank CD

Minimum Deposit

$1,000

Member FDIC

APY

0.75%

Why we like it

The Utah-based TAB Bank offers a range of CDs online, including a competitive five-year term. Its opening minimum is on the lower end.

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Popular Direct CD

3.0

NerdWallet rating 
Popular Direct CD

Minimum Deposit

$10,000

Member FDIC

APY

1.00%

Why we like it

The online bank has a steeper minimum balance requirement than most banks, but its rate is competitive.

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Synchrony Bank CD

5.0

NerdWallet rating 
Synchrony Bank CD

Minimum Deposit

$0

Member FDIC

APY

0.85%

Why we like it

Synchrony has no minimum to open its CDs.

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Ally Bank High Yield CD

5.0

NerdWallet rating 
Ally Bank High Yield CD

Minimum Deposit

$0

Member FDIC

APY

0.80%

Why we like it

Online bank Ally has no minimum to open its CDs.

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TIAA Bank Basic CD

5.0

NerdWallet rating 
TIAA Bank Basic CD

Minimum Deposit

$1,000

Member FDIC

APY

0.85%

Why we like it

TIAA Bank is an online bank with a minimum lower than that of many competitors.

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Connexus Credit Union CD

4.5

NerdWallet rating 
Connexus Credit Union CD

Minimum Deposit

$5,000

Federally insured by the NCUA

APY

1.21%

Why we like it

Connexus offers share certificates, the credit union equivalent of certificates of deposit, with a steep minimum to open. To join the credit union, you just have to donate $5 to its charitable organization, the Connexus Association.

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Marcus by Goldman Sachs High-Yield CD

5.0

NerdWallet rating 
Marcus by Goldman Sachs High-Yield CD

Minimum Deposit

$500

Member FDIC

APY

1.00%

Why we like it

The online-only bank requires $500 to open one of its high-yield CDs, which is relatively low.

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Lake Michigan Credit Union Certificate of Deposit

4.5

NerdWallet rating 
Lake Michigan Credit Union Certificate of Deposit

Minimum Deposit

$500

Federally insured by the NCUA

APY

0.85%

Why we like it

Lake Michigan Credit Union has both a low minimum opening requirement and a noteworthy five-year rate. Despite its name, the credit union offers membership nationwide.

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Capital One 360 CD
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at Capital One, Member FDIC

Capital One 360 CD

4.0

NerdWallet rating 
Capital One 360 CD

Minimum Deposit

$0

Member FDIC

APY

1.00%
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at Capital One, Member FDIC


Why we like it

Capital One 360 has no minimum for its CDs, and its five-year rate is competitive.

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Discover Bank CD
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at Discover Bank, Member FDIC

Discover Bank CD

4.0

NerdWallet rating 
Discover Bank CD

Minimum Deposit

$2,500

Member FDIC

APY

1.00%
Learn more

at Discover Bank, Member FDIC


Why we like it

Discover offers a wide range of CD terms with solid rates. The minimum deposit is somewhat hefty, though.

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First Tech Federal Credit Union CD

3.5

NerdWallet rating 
First Tech Federal Credit Union CD

Minimum Deposit

$500

Federally insured by the NCUA

APY

1.15%

Why we like it

First Tech Federal is a credit union opened to anyone who joins the nonprofit Financial Fitness Association for $8, or works for certain technology-driven companies. It has a low minimum to open a CD.

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» Want to see more options? Check out our list of the best CD rates overall

Best 5-year CD rates for November 2021

  • Pentagon Federal Credit Union: 1.25% APY.

  • First Tech Federal Credit Union: 1.15% APY.

  • Quontic Bank: 1.11% APY.

  • Connexus Credit Union: 1.21% APY.

  • Popular Direct: 1.00% APY.

  • Synchrony Bank: 0.85% APY.

  • Lake Michigan Credit Union: 0.85% APY.

  • TIAA Bank: 0.85% APY.

  • Comenity Direct: 0.85% APY.

  • Ally Bank: 0.80% APY.

  • Capital One: 1.00% APY.

  • Marcus by Goldman Sachs: 1.00% APY.

  • Discover Bank: 1.00% APY.

  • TAB Bank: 0.75% APY.

Last updated on November 1, 2021

Methodology

On a monthly basis, we compare rates at over 20 financial institutions, taken from our full list, which we’ve seen to be consistently competitive. On a quarterly basis, we take a close look at over 70 financial institutions, including the largest U.S. banks based on assets, debit card volume, internet search traffic and other factors; the nation’s largest credit unions, based on deposits as well as broad-based membership requirements; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more; we favored those with the highest CD rates. We excluded banks that offered brokered CDs, since those accounts work differently from standard bank CDs. Higher rates might be available elsewhere.

Financial institutions surveyed include: Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express National Bank, Associated Bank, Axos Bank, Bank5 Connect, Bank7, Bank of America, Bank of the West, Barclays, BB&T, BBVA, BMO Harris, Boeing Employees Credit Union, Capital One 360, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Comenity Bank, Comerica Bank, Commerce Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, E*TRADE Bank, Fifth Third Bank, First Foundation Bank, First National Bank, First Tech Federal Credit Union, Flagstar Bank, FNBO Direct, GoBank, Golden 1 Credit Union, Goldman Sachs Bank USA, HSBC Bank, Huntington Bank, KeyBank, Lake Michigan Credit Union, LendingClub, Live Oak Bank, M&T Bank, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Quontic Bank, Redneck Bank, Regions Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, State Employees' Credit Union of North Carolina, Suncoast Credit Union, SunTrust Bank, Synchrony Bank, TAB Bank, TCF Bank, TD Bank, TIAA Bank, U.S. Bank, UFB Direct, Union Bank, USAA, Varo, Vio Bank, Wells Fargo, Woodforest National Bank and Zions Bank.

To recap our selections...

NerdWallet's Best 5-Year CD Rates for November 2021

Frequently asked questions