What is the return on a 5 year CD?
Best 5-Year CD Rates
| Bank/Institution | NerdWallet Rating NerdWallet’s ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. | APY |
|---|---|---|
| PenFed Credit Union CD Read review | 5.0 /5 | 2.50% 2.50% Annual Percentage Yield (APY) |
Will CD rates ever go up again?
Expert opinions suggest that CD rates will increase, perhaps several times, in 2022. If you choose to leave your money in an older CD, you risk earning less than you could if you move your money to a CD with higher 2022 rates. However, CDs have early withdrawal penalties.
Are there any 5 CD rates?
Best CD rates of May 2022 Synchrony Bank: 3 months – 5 years, 0.25% APY – 2.25% APY; no minimum deposit needed to open. Barclays Bank: 3 months – 5 years, 0.80% APY – 1.30% APY; no minimum deposit needed to open. Bread Savings: 1 year – 5 years, 1.00% APY – 1.40% APY; $1,500 minimum deposit to open.
What is the best 5 year CD rate?
NerdWallet’s Best 5-Year CD Rates for February 2022. Comenity Direct CD: 1.10% APY. Discover Bank CD: 1.00% APY. Quontic Bank CD: 1.20% APY.
Which banks offer the highest CD rates?
Low or no minimum opening deposits
What CD has the highest interest rate?
Quontic Bank has some of the best rates available on short-, medium-, and longer-term CDs. Rates range up to 1.20% APY on the 5-year CD, and minimum opening deposit requirements are manageable at just $500 for all CDs. Plus, the all-digital application takes three minutes or less to complete.
What are the best long term CD rates?
Comenity Direct CD. NerdWallet’s ratings are determined by our editorial team.