Are there 5% CD Rates Today?
Currently, there are 5% rates, but visit The Annuity Expert to find the highest interest rates in the United States. We aim to get you the highest interest rates to grow your savings.
The following table displays the highest interest rates from 454 banks and credit unions. Sort by rate or filter by term.
Our Favorite Certificates Of Deposit
As of November 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 Most People Don’t Actually Get 5% From Their CD
Banks promote teaser rates, but those rarely apply to most customers—or only last a few months. By the time fees, reinvestment risk, and short terms are factored in, your actual return is much lower. And CDs above 5% are often unavailable by the time you apply. That’s where we come in.
As an independent broker, The Annuity Expert gives you access to insured savings and annuity products offering up to 5% guaranteed interest, not just for a few months—but for multiple years, with more flexibility and fewer surprises.
What We Help You Compare
We’re not a bank. We’re a broker. That means we can show you a wide variety of interest-bearing accounts side by side—with no obligation and no hidden agenda.
✔ Fixed Annuities Paying 5%+
- Multi-Year Guaranteed Annuities (MYGAs) that act like long-term CDs—but often pay higher rates
- Terms: 2 to 10 years
- Interest locked in the entire term
- Backed by highly rated insurance companies
- Fund with cash, rollovers, or retirement accounts (IRAs, Roth IRAs, 401(k) rollovers)
✔ Brokered CDs With Competitive Yields
- FDIC-insured up to $250,000 per institution
- Access to national bank offerings, not just local branches
- Usually lower minimums than annuities
- Shorter maturity terms available (6 months–3 years)
✔ Fixed Index Annuities (FIAs) With Fixed Interest + Growth Potential
- Annual fixed interest (subject to change each year), plus upside tied to market performance
- Income riders offering 8% guaranteed growth on income benefit base
- Long-term solution if you want both safety and income
- Can use nonqualified funds or qualified accounts
Pros and Cons of Each Option
Fixed Annuities
✔ Interest fixed for full term
✔ Higher rates than bank CDs
✔ No market risk
✘ Early withdrawals may incur penalties
✘ Not FDIC-insured (but are state-regulated and backed by insurance companies)
Brokered CDs
✔ FDIC-insured
✔ Shorter terms available
✔ Simple and liquid for laddering
✘ Interest rates may be lower than annuities
✘ Limited duration of high-yield offers
Fixed Index Annuities
✔ Growth tied to market (without losses)
✔ 8% guaranteed growth on income benefit base
✔ Option to convert to guaranteed lifetime income
✘ More complex than CDs or MYGAs
✘ Not ideal if you need access to principal before 5–7 years
Who Needs These Options
You need these strategies if you want:
- Higher fixed interest rates than your bank offers
- Safer alternatives to the stock market
- A secure place to park retirement funds or rollover savings
- Tax-deferred growth (annuities only)
- Guaranteed income options in the future
You don’t need them if you:
- Need daily liquidity or short-term access to funds
- Want market exposure and are comfortable with risk
- Already locked in a long-term CD above 5%
- Have less than $5,000 to deposit (most annuities have minimums)
Reasons to Compare CD Rates
- Interest Rates Fluctuate Daily: CD rates can change frequently, so comparing rates daily ensures you lock in the best possible return on your investment.
- Better Returns: Alternatives like MYGAs often provide higher interest rates than traditional CDs, helping you grow your savings faster.
- Liquidity Options: MYGAs may offer more flexibility, which is beneficial if you’re age 60 or saving for retirement and need more access to your funds.
- Maximize Savings: Shopping around helps you identify opportunities to increase your earnings, making it worth the time to check both CDs and MYGA options.
- Different Terms and Conditions: Banks, credit unions, and MYGAs each have unique features, so comparing them daily can reveal the most favorable terms for your financial goals.
No obligation. Shop online with our advisors and brokers for the best rates before you buy.
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