Compare The Best Long-Term CD Rates.
Long-term Certificates of Deposit (CDs) from banks and credit unions offer a secure way to grow savings over fixed periods, usually ranging from 24 months up to 10 years. With a set interest rate, you know exactly how much you’ll earn by the end of the term. However, early withdrawals may incur penalties, so it’s crucial to match your term with your financial goals.
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 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 Compare Long-Term CD Rates?
Rates vary widely, making comparison essential to securing the highest returns. By shopping for the best rates, you ensure your savings grow faster, and it’s “worth it” to maximize interest rates on long-term investments. If you’re age 60 or saving for retirement, also consider a CD annuity, offering potentially higher interest and greater liquidity. The Annuity Expert aims to provide the best online rates for those looking to grow their savings before they buy, with no obligation.
Why You Should Work With a CD Rate Broker Instead of Going It Alone
At The Annuity Expert, we help individuals compare the best long-term CD rates across banks, credit unions, and insurance companies—without the hassle of calling each one yourself. We don’t just show you rates. We tell you which options are actually worth your money, and how long-term CDs stack up against annuities and other fixed-income products based on your goals.
Long-term CDs typically range from 3 to 10 years in length and reward savers with higher yields than short-term options. But locking up your money for years can be risky if you choose the wrong product, interest rates rise, or you face unexpected financial needs. That’s why working with a broker matters—we help you avoid rate traps, early withdrawal penalties, and poor liquidity decisions.
What We Compare For You
When you contact us, our agents will compare CD and CD-type annuity rates from over 50 financial institutions. Here’s what we evaluate:
- ✔ Current 3-, 5-, 7-, and 10-Year CD Rates
- ✔ Rate guarantees (not teaser rates that reset lower)
- ✔ FDIC or NCUA insurance eligibility
- ✔ Withdrawal penalties and liquidity features
- ✔ CD-type annuities (aka MYGAs) with longer-term rate guarantees
- ✔ Tax deferral options with annuities
- ✔ Options for using retirement funds or non-retirement cash
Long-Term CD Alternatives We May Recommend
Multi-Year Guaranteed Annuities (MYGAs)
Lock in guaranteed rates for 3–10 years with tax deferral
MYGAs are fixed annuities that function similarly to long-term CDs but are issued by insurance companies. They’re not FDIC insured but are backed by legal reserve requirements and state guaranty associations.
✔ Pros:
- Higher yields than most CDs
- Tax-deferred growth
- Penalty-free access windows available
- Can be funded with qualified (IRA/401k rollover) or non-qualified funds
✘ Cons:
- Less liquid in early years (surrender penalties)
- Not FDIC-insured (though state-backed)
Who Needs It:
Conservative investors, retirees looking for a set-it-and-forget-it income product, and anyone rolling over retirement funds with no need for early access.
Who Doesn’t:
People who need access to their money within the next 1–3 years or are actively investing in equities.
Scenario: You’re Planning for Retirement in 5+ Years
You want to preserve capital, lock in a high interest rate, and avoid paying taxes on interest every year. A 5- to 10-year CD seems safe—but you’re not sure whether to use a bank or an annuity company, or if it makes sense to use IRA funds. That’s where we come in.
We’ll walk you through:
- Whether a traditional CD or a MYGA is better based on your time horizon and tax situation
- If you should use retirement or after-tax funds to buy
- The best rate guaranteed for your time frame
- Which products offer partial liquidity (in case you need some access)
What Types of Funds Can Be Used?
We help you match the best long-term CD or MYGA depending on the type of money you want to use:
- Non-qualified (after-tax) money – Traditional bank CDs or MYGAs
- Qualified retirement accounts – Use IRA rollovers or 401(k) rollovers to fund tax-deferred annuities
- Trust or business-owned funds – Ask us about title and ownership structuring
Reasons to Compare Rates
- Secure Higher Interest Rates: Lock in the best rates for significant long-term growth.
- Maximize Investment: Higher yields on longer-term CDs make it “worth it” to compare. Popular terms include 7, 10, and using CD annuities for 20-year terms.
- Consider CD Annuities: CD annuities can offer competitive rates and more flexibility for savers over 60 or retirement-focused investors.
- Trusted Advisors: Our brokers ensure you get the top rates with guidance and transparency.
- Convenient Online Access: Easily shop rates and open a CD online without obligation.
At The Annuity Expert, we work to find you the highest interest rates from leading banks and credit unions, ensuring your savings grow securely and efficiently.
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