The best five-year CD rates are typically found at online banks and credit unions, including Synchrony Bank, NASA Federal Credit Union and several others., Credit unions tend to have better rates than banks, on average. Check out some of the best credit union CD rates., A no-penalty CD is a type of certificate of deposit that charges no fee for withdrawing money before the term expires. You usually must withdraw the full balance at once., High CD rates for now The Fed has kept its benchmark rate steady in 2025. As a result, banks and credit unions have only adjusted CD rates slightly, mostly downwards., The best 3-year CD rates earn much more than the national average rate., The Best Time for High CD Rates Might Be Right Now CD rates remain high but have started to dip. Consider if CDs fit your short-term savings goals..