Compare the Best 120-month CD Rates.
A 10-year certificate of deposit (CD) is a fixed savings option where you deposit funds with a bank or credit union, agreeing not to withdraw for 120 months. In return, you receive higher interest rates compared to shorter-term CDs. This long-term commitment provides a secure way to grow savings, making it ideal for conservative savers seeking guaranteed returns.
The following table displays the best interest rates from 454 banks and credit unions. Sort by rate or filter by term.
Our Favorite Certificates Of Deposit
As of October 2026, we recommend any of the banks and credit unions at Raisin because most of the accounts on their platform only require $1 to open an account, which allows you to spread your risk among several financial institutions rather than having all your eggs in one basket.
Why Compare 10-Year CD Rates?
Choosing the right 10-year CD is essential as rates vary significantly between banks and credit unions. We aim to help you get the highest interest rates available to maximize your earnings. Comparing rates before you buy ensures that your savings work as effectively as possible. With brokers and online tools, you can easily find the best rate options tailored to your needs.
Why Work With a Broker to Find the Best 10-Year CD?
A 10-year Certificate of Deposit (CD) offers one of the highest guaranteed yields available for savers willing to commit long-term. But banks and credit unions don’t always advertise their best rates publicly—and the top offers often vary depending on deposit size and financial institution type.
At The Annuity Expert, we’re an independent broker—not a bank. That means we aren’t limited to one set of CD rates. We compare dozens of FDIC– and NCUA-insured institutions across the U.S. to help you lock in the highest available 10-year fixed CD rates, regardless of your state or deposit size.
What We Do for You
✔ Compare 10-Year CD Rates from 50+ Banks and Credit Unions
✔ Access Exclusive and Broker-Only CD Offers
✔ Verify FDIC or NCUA Insurance Coverage
✔ Help You Avoid Early Withdrawal Penalties
✔ Guide You on Tax Reporting and Beneficiary Designations
✔ Compare CDs With MYGAs (Multi-Year Guaranteed Annuities) to find better after-tax yields when appropriate
✔ Provide No-Cost, No-Obligation Quotes
How 10-Year CDs Work
A 10-year CD is a deposit account that earns a fixed interest rate over 10 years. You agree not to touch the money during that time. In exchange, you get a guaranteed return—typically much higher than savings accounts or money markets.
Pros
✔ Fixed interest rate for 10 years
✔ FDIC or NCUA insured up to $250,000 per depositor, per institution
✔ No stock market risk
Cons
✘ Ties up your money for a decade unless you’re willing to pay an early withdrawal penalty
✘ Interest is taxed annually—even if not withdrawn (unless in an IRA)
Who Needs a 10-Year CD?
✔ Ideal for:
- Retirees or pre-retirees seeking safe, long-term growth
- People with cash reserves they won’t need for 10+ years
- IRA owners who want to reduce portfolio volatility
- Risk-averse investors concerned about market swings
✘ Not right for:
- Anyone who may need access to the funds before 10 years
- Investors looking to outpace inflation over time
- Those who prefer liquidity or flexibility
Consider Alternatives
For those aged 60 or saving for retirement, a CD annuity might be worth it as it offers higher interest rates and more liquidity. Advisors often recommend these to help retirees grow their savings with flexibility. Our experts at The Annuity Expert can guide you through comparing traditional CDs and CD annuities, ensuring you find the most suitable product.
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