- 10-year CDs do exist at a small number of banks tracked by REBOLST — but they are uncommon and offered primarily by large traditional banks, not online banks.
- The rates are typically lower than the best 5-year CDs available right now. That means you'd be locking your money away for twice as long in exchange for a lower yield — which rarely makes sense.
- If you have a 10-year savings horizon, compare the live rates below against the best 5-year CDs before committing. A 5-year CD renewed once may deliver more over the same period.
- For depositors in high-tax states, a 10-year U.S. Treasury note may deliver a higher after-tax yield than a 10-year CD with a similar nominal rate, because Treasury interest is exempt from state and local taxes.
Current 10-Year CD Rates
The table below shows every 10-year (120-month) CD currently tracked in REBOLST's database, sourced from public rate sheets. Rates are shown per product tier — minimum deposit requirements differ by tier.
| Bank | Product | Term | APY |
|---|---|---|---|
| ★ JP Morgan Chase | Regular CD | 120 mo | 2.00% |
| KeyBank | KeyBank Regular CD | 120 mo | 0.05% |
| KeyBank | KeyBank Jumbo Regular CD | 120 mo | 0.05% |
| Bank of America | Regular CD | 120 mo | 0.03% |
| PNC Bank | PNC Standard CD | 120 mo | 0.03% |
Rates sourced directly from institution public rate sheets and verified weekly by REBOLST. Compare all live rates →
Important context: The best 5-year CD rates in REBOLST's database are currently higher than the best 10-year CD rates shown above. In most rate environments, longer terms pay more — but right now, the yield curve for CDs is inverted at this horizon. That makes the comparison especially important before you commit.
Is a 10-Year CD Worth It Right Now?
The real question isn't just "what's the rate?" — it's "what am I giving up to get it?" Right now, the best 5-year CDs in REBOLST's database pay more than the best 10-year CDs. You'd be locking your money away twice as long for a lower yield. The banks offering 10-year CDs are predominantly large traditional banks whose rates lag the online banks across all terms.
If you genuinely won't need the funds for a decade and want FDIC-insured certainty with no decisions for 10 years, there's a narrow case for it. But you're not being rewarded with a rate premium for the extra commitment — enter that trade-off with eyes open.
Which Banks Offer 10-Year CDs?
As of 2026, the 10-year CD is primarily offered by large traditional banks — institutions with nationwide branch networks — rather than the online-only banks that have come to dominate the competitive end of the CD market. The online banks that tend to lead on rates (Marcus by Goldman Sachs, Synchrony Bank, and others) cap their CD terms at 5 years. Ally Bank and similar online institutions follow the same pattern.
The institutions in REBOLST's database that offer 10-year CDs are a small set of large traditional banks. Their rates reflect the branch-bank reality: lower APYs across the board compared to online institutions, at every term including 10 years. This is worth knowing because depositors sometimes assume that a 10-year rate from a big-name bank carries a meaningful rate premium. In this case, it does not.
If you specifically need a 10-year FDIC-insured CD and you want the best rate available, use the live table above — it pulls directly from REBOLST's database and always shows the current leader.
Alternatives for a 10-Year Savings Horizon
If you have a goal that's approximately 10 years away — a retirement income target in 2036, a college fund, or a long-term savings objective — and the 10-year CD rates above don't satisfy you, these alternatives are worth considering.
Option 1: 5-Year CD, Renewed Once
The most common substitute is a 5-year CD from a top online bank, renewed at maturity. You get a higher starting yield, and at the 5-year mark you get to reset at whatever rates are available in 2031. That midpoint reset is valuable: if rates are higher in 2031, you capture them. If lower, you're only locked in for another 5 years rather than having committed to a 10-year rate that proved suboptimal.
See current 5-year rates: Best 5-Year CD Rates 2026 →
Option 2: 10-Year U.S. Treasury Note
The 10-year Treasury note is directly comparable to a 10-year CD in intent — a fixed-income instrument with a 10-year commitment. Key differences: Treasury notes are tradable on secondary markets (providing liquidity that CDs don't), backed by the U.S. government, and exempt from state and local income tax. In states with high income taxes, the after-tax yield of a Treasury note can exceed that of a CD with a nominally similar rate.
Current 10-year Treasury yields are published daily at TreasuryDirect.gov. You can buy directly through TreasuryDirect with no broker fees, in denominations as low as $100. Compare the published yield against the 10-year CD rates in the table above before deciding which makes more sense for your situation.
Option 3: Series I Savings Bonds (I-Bonds)
I-Bonds are inflation-indexed savings bonds from the U.S. Treasury. Their rate adjusts every 6 months based on CPI, they can be held for up to 30 years, and they're exempt from state and local income tax. Unlike a CD, an I-Bond's principal is never eroded by inflation — the inflation adjustment is built into the rate itself.
Primary limitation: $10,000 maximum per Social Security number per year (plus $5,000 via federal tax refund). Cannot be redeemed in the first 12 months; early redemption before 5 years forfeits 3 months of interest. For a 10-year savings horizon, these restrictions are minor constraints in exchange for inflation protection no CD can replicate.
| Option | Term | Rate Type | Liquidity | Tax | Gov't Backed |
|---|---|---|---|---|---|
| 10-Year CD (traditional bank) | 10 yr | Fixed | Penalty to exit | Fully taxable | FDIC ✓ |
| Best 5-Year CD (×2) | 5+5 yr | Fixed (reset at renewal) | Penalty to exit | Fully taxable | FDIC ✓ |
| 10-Year Treasury Note | 10 yr | Fixed | Secondary market | Federal only (state exempt) | U.S. Gov't ✓ |
| I-Bond (Series I) | Up to 30 yr | Inflation-indexed | Liquid after 5 yr | Federal only (state exempt) | U.S. Gov't ✓ |
| CD Ladder (1–5 yr) | Rolling | Fixed (rung by rung) | Partial annual | Fully taxable | FDIC ✓ |
For a serious 10-year savings goal, consider splitting across instruments: a portion in the best 5-year CD (for the highest FDIC-insured yield), a portion in a 10-year Treasury note (for government backing and state tax exemption), and $10,000/year in I-Bonds (for inflation protection). This combination handles risks that no single instrument addresses alone.
Early withdrawal penalties on 10-year CDs are typically much steeper than on 1- or 2-year CDs — often 12 to 24 months of interest. Before committing to a decade-long lock-up at a lower rate than shorter alternatives, make sure you're genuinely certain you won't need those funds for 10 full years.
Option 4: CD Ladder Across 1–5 Year Terms
A CD ladder across multiple terms — 1, 2, 3, 4, and 5-year CDs — gives you partial liquidity every 12 months while still capturing yields close to the 5-year rate over time. By year 5, every maturing rung gets reinvested into a new 5-year CD. Over a 10-year horizon, the ladder delivers annual decision points: reinvest, redirect, or let the ladder wind down if rates become unattractive.
For a 10-year savings goal, the CD ladder is often a more flexible approach than a single 10-year CD — and, given current rates, likely a higher-yielding one too.
See how to build one: Best CD Laddering Strategy 2026 →
10-year CDs exist in REBOLST's database — but they're offered by a handful of traditional banks, not the online institutions that lead on rates. Before locking your money away for a decade, compare the live rates in the table above against the best 5-year CDs currently available. In the current environment, longer doesn't mean more.
If the 10-year CD rate still makes sense for your specific situation, proceed — you have FDIC protection and a guaranteed outcome. If not, the 5-year CD renewed once, a 10-year Treasury note, or a CD ladder likely serves the same 10-year goal with a better yield or more flexibility.
Frequently Asked Questions
Do any banks still offer 10-year CDs?
Yes — a handful of traditional banks in REBOLST's database offer 10-year (120-month) CDs. However, they are not offered by the major online banks (Marcus, Synchrony, Ally), which cap their terms at 5 years. Rates from these traditional banks are generally lower than what the best online banks pay on 5-year CDs. Use the live table on this page for the current institutions and rates.
Are 10-year CD rates higher than 5-year CD rates?
Not currently. In REBOLST's database, the best 5-year CD rates exceed the best 10-year CD rates — which is an unusual relationship since longer terms typically pay more. This makes the decision straightforward for most depositors: the 5-year CD delivers a higher rate with half the commitment. Always compare live rates before deciding.
What is the penalty for breaking a 10-year CD early?
Penalties vary by institution but are typically significant for 10-year CDs — often 12 to 24 months of interest. This is a meaningful cost for any early withdrawal, and it's one more reason to carefully compare shorter CD terms before committing to a 10-year lock-up at a lower rate.
What is the best alternative to a 10-year CD?
Given that 5-year CD rates currently exceed 10-year CD rates, the most common alternative is a 5-year CD from a top online bank, renewed at maturity. This delivers the same 10-year timeline with a higher starting yield and a rate reset at year 5. 10-year U.S. Treasury notes are also worth comparing — especially in high-tax states, where their state and local tax exemption can make their after-tax yield more competitive.
Is a 10-year Treasury note a better option than a 10-year CD?
For many depositors, yes. 10-year Treasury notes are U.S. government-backed, exempt from state and local income tax, and tradable on secondary markets — unlike CDs, which carry early withdrawal penalties. In states with high income taxes, the after-tax Treasury yield can exceed that of a CD with a nominally similar rate. Available at TreasuryDirect.gov with no broker fees, in denominations as low as $100.