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Best 10-year CD rates for April 2025

Written by
Karen Bennett
Edited by
Kristen Kuchar
Reviewed by
Robert R. Johnson

Rates updated between April 5 and April 11

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Some 10-year certificates of deposit (CDs) offer yields above current national averages for savings accounts and shorter-term CDs. They’re also virtually risk free and guarantee a set rate of return. A 10-year CD isn’t a good fit for every saver, however, given their considerable term length. Before committing to a long-term CD, compare your options and consider whether it’s the right move for you.

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Bankrate's picks for the top 10-year CD rates

Note: Annual percentage yields (APYs) shown are as of March 31. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

First National Bank of America: 3.81% APY; $1,000 minimum deposit to open

First National Bank of America’s 10-year CD earns a comparatively high rate. The bank also offers the same APY on terms between six and nine years. Each CD requires a minimum opening deposit of $1,000.

Discover Bank: 3.50% APY; No minimum deposit to open

Few well-known banks offer 10-year CDs. One exception is Discover Bank, which offers CDs across all standard terms, all of which earn yields well above national averages. No minimum deposit amount is required.

Vio Bank: 2.75% APY; $500 minimum deposit to open

In addition to its 10-year CD, Vio Bank offers nine additional terms of CDs, with terms between four and ten years all earning the same APY. Each requires a minimum opening deposit of $500.

EmigrantDirect: 2.00% APY; $1,000 minimum deposit to open

EmigrantDirect is the online division of Emigrant Bank. Its CD terms range from six months to 10 years, each requiring a $1,000 minimum deposit. The bank also offers the American Dream Savings Account, which has no fees or service charges.

MySavingsDirect: 2.00% APY; $1,000 minimum deposit to open

MySavingsDirect, a division of Emigrant Bank, offers a wide range of CD terms, with terms between 60 and 120 months all earning the same APY. All CDs require a minimum opening deposit of $1,000. Also offered is a high-yield savings account with no minimum balance requirement.

How to find the best 10-year CD rates

Because few banks and credit unions offer 10-year CDs, finding the best rates may be challenging. Compare offers with deposits backed by the federal government. Look closely at deals from online financial institutions.

Be sure to consider the opportunity cost. Don’t purchase a 10-year CD without evaluating other low-risk investment products such as online high-yield savings accounts. Alan Dole, a wealth manager with Legacy Advisor Group, says it pays to ask, “Where else could you put that money that would earn you more?”

Savers could buy a 10-year CD and close the account before it matures. Just make sure the benefit of an early exit outweighs the cost of the withdrawal penalty.

A CD ladder can help reduce risk by spreading your investment over several CDs with different due dates. This offers consistent access to money and enables reinvestment in CDs with better yields in the event that interest rates rise.
Bankrate logo Dré Villeroy, CEO, Beyorch

When should you get a 10-year CD?

A 10-year CD should be considered if you want to earn a fixed yield and have money that you’re willing to sock away for a decade, untouched. The guaranteed rate and the safety of this account — as long as it’s within federal insurance guidelines — can be a good option in some situations. But 10 years is a long time, so review the early withdrawal penalties so that you know the worst-case scenario for breaking this CD.

The Federal Reserve has been in a holding pattern in 2025 when it comes to its benchmark federal funds rate. Officials have left the rate untouched during meetings in March and January, after having lowered the rate three times in late 2024. It remains to be seen what the Fed will do with rates in the remainder of this year, and how that could impact CD APYs. For now, at least, the leading rates on 10-year CDs are outpacing inflation.

Research methodology

Bankrate researches over 100 banks and credit unions, including some of the largest financial institutions, online-only banks, regional banks and credit unions with both open and restrictive membership policies. Learn more about our methodology for reviewing banks.

To find the best ten-year CD rates, we regularly survey ten-year CD offerings from the banks and credit unions that continually offer the most competitive rates. The banks and credit unions on this page are selected based on the APY for their ten-year CD.